Global Grain Bins Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Grain Bins Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The grain storage barrel refers to a storage device designed for storing agricultural products without sealing. These products have good ventilation performance, which can effectively reduce the risk of mold and insect pests in stored grain. Since steel is generally used as the main structural material, most of this product has a large storage volume. In current applications, grain storage barrels are commonly used for economic crops such as soybeans and corn.

Market Overview:

The latest research study on the global Grain Bins market finds that the global Grain Bins market reached a value of USD 1451.57 million in 2022. It’s expected that the market will achieve USD 1986.0 million by 2028, exhibiting a CAGR of 5.36% during the forecast period.

Provide additional maintenance services

Technical support is required for the construction and later operation of the Grain Bins. In order to deal with the possible negative impact of the epidemic, Grain Bins manufacturers may consider providing additional technical support to customers to help them complete the establishment of the equipment as soon as possible and be familiar with the use and maintenance of the equipment.

Contact the bank to provide customers with loan installment services

Contacting banks to provide customers with loan installment services can help alleviate the customer's financial pressure. This measure can effectively encourage customers to sign purchasing contracts.

Region Overview:

North America is projected to account for a considerable share of the Grain Bins market and is expected to become the largest region by 2028.

Company Overview:

AGCO Corporationl is one of the major players operating in the Grain Bins market, holding a share of 11.85% in 2023.

AGCO Corporationl

AGCO is a global leader in the design, manufacture and distribution of smart solutions for sustainable agriculture. AGCO‘s portfolio is the most comprehensive in the agriculture industry including a full line of tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage and protein production systems.

AGI

AGI is a global leader in the planning, engineering and manufacturing of full equipment solutions and systems across 5 platforms: Grain, Fertilizer, Food, Feed and Seed. AGI partner with our customers on 6 continents to leverage the AGI advantage and engineer unique market specific systems. These systems are delivered for farm and commercial applications and include: Storage, Handling, Structural, Processing, and Controls all based on, and brought together, with Engineering and Project Management.

Segmentation Overview:

By type, Flat Bottom Bins segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Off Farm segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Grain Bins market covered in Chapter 3:

Behlen
Sioux Steel Company
Sukup Manufacturing
Westman Group (Meridian)
CTB
Agri-Systems Inc
SCAFCO Grain Systems
AGI
AGCO Corporation
Darmani Grain Storage
Superior Grain Equipment

In Chapter 4 and Chapter 14.2, on the basis of types, the Grain Bins market from 2018 to 2029 is primarily split into:

Hopper Bottom Bins
Flat Bottom Bins

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Grain Bins market from 2018 to 2029 covers:

On Farm
Off Farm

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)