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The metal silos market size for bulk storage is expected to grow by USD 498.19 million, at a CAGR of 3.18%, between 2020 and 2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the growth of the construction industry are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.
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From this Technavio report, get actionable insights on the metal silos market segments for bulk storage to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by application (agriculture, industrial, and others) and geography (APAC, North America, Europe, South America, and MEA) in this metal silos market report for bulk storage to pursue growth opportunities.
Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis of the post-pandemic metal silos market for bulk storage predictions on consumer demand changes for 2021-2025.
Metal Silos Market Scope for Bulk Storage |
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Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.18% |
Market growth 2021-2025 |
$ 498.19 million |
Market structure |
Fragmented |
YoY growth (%) |
2.69 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 35% |
Key consumer countries |
US, China, India, Russian Federation, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled |
Acterra Group, AGCO Corp., Anyang Lipp Silo Engineering Co. Ltd., Barton Fabrications Ltd., Bentall Rowlands Storage Systems Ltd., GE Silos, Mysilo, Pneucon Technology, Silos Cordoba SL, and Sioux Steel Co. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The metal silos market for bulk storage is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the metal silos market share for bulk storage during 2021-2025. The metal silos market for bulk storage forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis. |
35% of the metal silos market growth for bulk storage will originate from APAC during the forecast period. China and India are the key markets for metal silos for bulk storage in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.
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APAC has been exhibiting a significant growth rate for metal silos market vendors for bulk storage. Factors such as the increasing demand from food, chemicals, construction, plastic, coal, and mining industries are accelerating the metal silos market growth for bulk storage in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.
The metal silos market share growth for bulk storage in APAC will be faster than the growth of the market in regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.
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The metal silos market share growth for bulk storage by the agriculture segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the metal silos market size for bulk storage.
From the metal silos market segmentation for bulk storage insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.
While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding metal silos market growth for bulk storage is hazards associated with grain storage silos. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.
One of the key factors driving growth in the metal silos market for bulk storage is the growth of the construction industry. Rapid urbanization and economic developments have increased the need for residential and commercial buildings during the past decade. The rise in urban population was one of the major factors that drove the construction industry. Most of the growth in the construction sector is focused on APAC, especially in developing countries such as China and India. The growth of the construction industry will drive the construction materials market, including products such as construction aggregates, cement, bricks, and construction metals. The rise in demand for cement will bring expansions and openings of production facilities. The rise in the need for safe storage of grains is another major factor supporting the metal silos market share growth for bulk storage. Silos are needed to store grains and other foods that need special protection from external contacts. The rise in the global population has resulted in a proportional growth in demand for food, which, in turn, is increasing the importance of food storage and food safety.
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This metal silos market for bulk storage analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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