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Premium Report Details
Base Year: 2024
Companies covered: 17
Tables & Figures: 49
Countries covered: 18
Pages: 225
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Silos Market
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Silos Market Size
The global silos market stood at 2.5 billion dollars in 2024, and with a forecasted CAGR of 4.8%, it is estimated that the market will be worth 3.9 billion dollars by 2034.
The silos market is witnessing moderate growth on the global industrial storage stage due to the increasing demand for insulation. The market, which hinges strongly on grain silos, expanding further into the agricultural and industrial sectors, sheds light on the direction of the market. The cement and chemical silos are defining factors in the growth trajectory as well.
There has been a steady increase in the production of silos in the past decade as a result of the 2-3% growth in both agriculture output and industrial production within developed economies and nations. China, India and the US are leading the charge in this sector. Specifically, India's grain production has spiked to 330 metric tons which is a catalyst for embracing advanced storage systems such as masonry silos alongside strengthening the already robust cement and chemical silo market.
The primary players or players include CST Industries Inc, Silos Cordoba and Sioux Steel but in some regions of the world, there has been a sharp increase in the growth of local silo manufacturers who specialize in serving a wider audience at lower cost and these markets are competitive. Companies, as they race to be more competitive, have been embracing technology and in particular more automated systems. These systems enhance and make possible in real time the monitoring and control of the storage and also improve the storage facilities’ durability and performance.
Automated systems, for instance, have achieved reduction in spoilage rates by as much as 15%, a scenario that helps end-users in the agricultural and industrial sectors. Meanwhile, with the changes in the dynamics of the market, there is an acute shift in the moving towards new sources of energy efficient storage options in line with the global trends of sustainability. In light manner, this change in the buyers’ behavior is expected to aid firms amass additional opportunities, foster innovative and diversification strategies, and additionally grow the size of the market in the years to come.
Silos Market Trends
The highest demand is for their modular and self-made types of silos that are popular particularly due to their expandability feature. The research also noted that building materials that pose the least threat to the environment such as bamboo and other eco-friendly materials are receiving increased focus from entrepreneurs owing to the growing need to curb environmental degradation and pollution. Furthermore, advanced silos integrated with sensors and Internet of Things (IoT) automated devices are changing the scope of things as they now make it possible to assess the conditions of these silos without being physically present and maintenance based on information.
Silos Market Analysis
Due to advances in digital technology and the global trend towards sustainability, silo engineering is undergoing significant transformations. Businesses are focusing on R&D activities to create silos that are more durable, cheaper and greener. With the burgeoning trend of IoT solutions adoption by end consumers, efficiency of storage systems will be greatly enhanced. Many governments across the world are supporting the silos market by implementing policies to improve storage infrastructure and reduce post-harvest losses.
In developing countries, government policies are filling the void by providing modern silos combined with cooperative storage facilities to smallholders and farmers. For example, in India, the National Food Security Mission is funding bulk purchasing of storage units with higher capacity. In the same context, China is providing considerable budgetary support to improve the storage facilities of its agricultural exports. These strategic moves, in particular, will help develop the market in a longer run and are also in line with the larger food security and industrial development agenda.
The silos market of product type is further subdivided in terms of bag silos, blending silos, bunker silos, flat bottom silos, hopper bottom silos and tower silos. The flat-bottom silos took the lead in 2024, earning USD 600 million in revenue, and is expected to grow at a robust CAGR of 4.1% from 2025 to 2034. With their high capacity, affordability, and capacity for extended storage, flat-bottom silos are unrivaled. Their design has been customized specifically for grain storage and therefore makes Universally Ag a bulk grain handling business ideal.
These structures can better distribute weight providing structural support and allowing a higher volume of material to be stored, broadening the range of purposes that these silos can serve. These additional features also reduce material loss by providing additional protection to the material, thus increasing level of material handling and business profitability. Stakeholders are pleased because these silos work well with modern aeration systems, allowing materials to be better stored for longer.
This report divides the silos market by type into dry and wet silos. In 2024, dry silos captured a whopping 70% of the market’s share and are projected to grow further at a constant compound annual growth rate of 6.7% from 2025 to 2034. The market type’s success can best be described by the high adaptability, cost savings and several applications it possesses in the present economy. This type of silo is mainly used for storage of dry bulk materials such as grains and cement which are key inputs in the agriculture, construction and manufacturing industries.
On the other hand wet silos are primarily used in storing liquids and wet materials, hence their range of materials to be stored in dry silos are greater. Wet silos are known to have a more elaborate structure as compared to dry silos while the later is easier to maintain which results in decrease of both the start-up and operational costs. Raw materials such as chemicals and powders can be stored for long periods without any fear of being spoiled or polluted which is economically beneficial to the marketing of these silos. This is even more significant in areas where there is a significant agricultural and industrial output.
The US silos market reached USD 620 million in 2024 and is forecasted to expand by 4% between the years of 2025 and 2034. There is a range of agricultural events in the region that makes including silos in the economy beneficial since there is a timeline involving advanced industry centers and a supporting joint enterprise. With the United States being a leading producer and exporter of grains such as wheat, corn, and soybeans, the economy is positioned for the establishment of cryogenic storage systems. The effective storage of grains in the silos during transport for internal and external use and the reduction of post-harvest losses are some of the processes these structures facilitate nicely. Silos are also considered very important because the USA has high organized cooperatives that require effective internal silos.
As farming technologies emerge rapidly in the digital space this further cements the US’ dominance in the ICT sector. The U.S. is known for extensively employing the use of specially designed IoT technologies such as sensors, automated temperature control, and closed-looped aeration systems in silos which increases the efficiency of these backup systems in the long-run. Furthermore, the expansion of market structures associated with such modern silos is correlated to policies like the Farm Storage Facility Loan Program which allows farmers to lend money for the improvement of their storage centers. As a nation with a highly developed manufacturing industry and several leaders in the field, including CST Industries and Sioux Steel, the US has good prospects for the Canadian market in the manufacture of silos which further boosts the country’s overall competitiveness in the area.
North America: North America will take an estimated 30% slice of the silos market in 2024 and will have a growth rate of roughly 4.2% during the forecast period. The region's achievements in the market can be explained through advanced agricultural techniques, strong industrial development, and a high-level investment in storage systems. There is increased focus on storage due to the USA as the foremost corn, wheat and soya beans exporter. The objective is to limit food losses while making sure that the stored produce is capable of meeting export standards. While there is a significant volume of grain exported from the US, surrounding its economy are strong silo systems that improve logistics to international standards. This political maneuver also worked for Canada by increasing its wheat and canola exports and consequently the need for flat-bottomed and hopper silos, cementing North America's lead in the silos industry even more.
Europe: In 2024 Europe silos market will continue to account for about 28% of the market share of silos but are expected to only experience a slight increase of 4.3% in the upcoming years. The European Union’s strong agricultural economy, food self-sufficiency, and the sustainable storage practices due to which it is expected that the demand for silos will be high. Europe is also aiming for a lesser waste strategy as it has a high grain output covering wheat, barley and maize. Germany and France remain the leading countries in the market share with strong agricultural economies and policies that are intended to reduce the effect of post-harvest losses.
For example, France uses flat-bottom silos that have a large capacity for both its exports and domestic needs as it is one of the largest wheat importers. Additionally, the increasing interests in purchasing organic, and high-quality grains have made farmers and cooperatives shift to and get modern silos containing aeration and temperature management systems to maintain the quality of their produce.
As a response to the European Green Deal, the EU has begun requiring energy-efficient and recyclable silos that will get the job done. Countries like Denmark and the Netherlands are now integrating IoT technologies into their silos which will provide more insight to silos users. Being supported by their governments, Europe is stepping onto the market targeting eco-friendly agriculture and considering companies like Silos Cordoba and Symaga as their competitors. In contrast, European countries remain firm as their customers seem to show more favor for NtK's innovative silo design.
Considering the statistics, it comes as no surprise that the Asia-Pacific region is projected to hold almost 27 percent of the silo market by 2024 — which coincidentally will be alongside the predicted CAGR of 5.1%. This economically diverse region seems to be flourishing thanks to the development of the agricultural industry and the construction of even greater storage pavilions to accommodate the post harvest loss. India has also invested in the National Food Security Mission and plans to build even greater bulk storage units for a multitude of agricultural commodities.
Investment in technological solutions and infrastructure is spearheading the region’s growth in the Asia Pacific silos market. One of the prompts is the modernization of warehouses, which are retrofitted with payloaders, IoT solutions, and energy monitoring systems. This is a product of partnership, i.e., the government and private sectors. As an example, temperature control in ice cream is enhanced by smart silos in Indonesia which streamline the inventory management process to maintain the optimal quality of the goods sold. Furthermore, the developing construction and cement industries in this region are fueling the need for specific designs of the silos such as blending and hopper-bottom silos. Since the income level has tremendously improved, coupled with the passed regulations in regard to ensuring food security and industrial productivity, the silo market in Asia-Pacific region continues to expand and surpasses the global market growth rates.
Silos Market Share
The global silos industry is highly fragmented, with prominent players, such as Ahrens Silos, Bentall Rowlands, and CST Industries, holding a market share of ~5-10%.
Silos Market Companies
Major players operating in the silos industry are:
Silos Industry News
The silos market research report include in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million units) from 2021 to 2034, for the following segments:
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Market, By Product Type
Market, By Type
Market, By Material
Market, By Capacity
Market, By Installation
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: