Global Grain Elevator Market Report and Forecast 2024-2032

Global Grain Elevator Market Outlook

The global grain elevator market size is expected to grow at a CAGR of 5.50% between 2024 and 2032. The market is being driven by growing expansion of the agriculture sector and rising standards of living across the emerging economies. 

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Key Trends in the Market

A grain elevator is defined as a large building or facility used for storing grain, typically with a tall frame that utilises vertical space in addition to horizontal. This facility works on an internal combustion engine which moves and stores grains. Using a pneumatic conveyor, the grain elevator scoops a stockpile of grain and deposits it as needed. Grain elevators are commonly located across rural areas where farmers can easily access them. 

• The thriving agriculture sector across the emerging economies is heightening the adoption of agricultural machinery. In addition, rising disposable income, rapid urban development, and growing population are further escalating the global grain elevator market growth.

• Grain elevator facilitates efficient farm grain storage which boosts financial gain, enhances control over harvest, improves crop sale flexibility, and provides peace of mind during uncertain weather conditions. Furthermore, grain elevators support the ramping up of grain production by speeding up the storing and depositing processes.

• Rising investments towards developing new grain facilities are expected to be the crucial trends in the grain elevator market, with innovations in terms of specialised storage facilities, eco-friendly properties, and faster constructions. Grain elevators with increased flexibility would likely increase their demand and usage further.

Market Analysis

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Based on product type, the market is segmented into flat bottom, hopper bottom, and conical, among others. On the basis of storage capacity, the grain elevator market is classified into up to 50,000 tonnes, 51,000 - 150,000 tonnes, and 151,000 - 300,000 tonnes, among others. By grain, the market is divided into rice, wheat, pulses, oil seeds, and maize and coarse grain, among others. Based on application, the market is categorised into residential, and commercial, among others. The regional markets for grain elevators are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global grain elevator market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Allied Grain Systems

• AGI Brasil

• Zen-Noh Grain Corp

• JV Dan

• T&S Sales

• Bunge North America

• Wuhan Wobota Machinery Co Lyd

• Yanmar Group

• SMIC

• Guangzhou Xianyi

• Shanghai Huaqing

• Harris Products

• Axend PTE Ltd

• Others

Market Share by Product Type

The flat bottom segment, based on product type, accounts for a healthy share of the grain elevator market. This can be attributed to the specialised operational properties of this type of grain elevator which supports active aeration systems and reliable protection of grain from any potential damage. It also keeps the grains away from birds, rodents, and moisture offering added protection. This type of grain elevator is used to store a variety of grains such as wheat, oat, barley, and sunflower seeds, among others, which is further escalating the segment’s growth. Furthermore, growing innovations in flat bottom grain elevators, aimed at matching the dimensions of component parts for better output, are expected to aid the segment in the forecast period.  

Market Share by Grain

Based on grain, the rice segment occupies a significant share in the grain elevator market as grain elevators facilitate the process of drying, storing, and processing of different varieties of rice. In this regard, the increasing demand for rice in household and commercial areas such as restaurants and hotels, is fuelling the segment’s growth. Rice is also a staple of traditional diets in regions such as the Asia Pacific, generating large volume demands for rice. Grain elevator enhance the quality of rice by keeping hygroscopic balance, along with stable water content. Moreover, this equipment also conserves grain mass which improves the packaging quality.  

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Competitive Landscape

Allied Grain Systems is a leading industrial consultant which designs, constructs, and handles high-quality grain handling and storage solutions. Based out of New South Wales in Australia and founded in 2004, the company provides on-farm silos to growers which maximise commercial grain handling capacities. The product portfolio of this company includes flat bottom silos, cone silos, belt conveyors, and grain pumps, among others. 

AGI Brasil is a renowned manufacturer of grain storing, handling, and conditioning equipment which also ensures high-quality and safe service. The storage product portfolio of this company includes the AGI flat bottom bin, AGI elevated bin, and AGI delivery bin. The company was founded in 1996 and is currently headquartered in Candido Mota, Brazil.  

Zen-Noh Grain Corp was founded in 1979 with headquarters in Louisiana in the United States with an aim to establish a stable and secure supply of foodgrains and soybeans in the United States for compound feed production in Zen-Noh feed mills located in Japan. The company’s grain elevator is considered to be among the fastest export elevators worldwide. 

Other market players include JV Dan, T&S Sales, Bunge North America, Wuhan Wobota Machinery Co Lyd, Yanmar Group, SMIC, Guangzhou Xianyi, Shanghai Huaqing, Harris Products, and Axend PTE Ltd, among others.

Key Highlights of the Report