Industry Analysis & Industry Trends
The Food Processing Machinery Manufacturing industry depends on activity among downstream food and beverage manufacturers, and their capital investment in equipment and machinery. The major markets for food processing machinery include beverage manufacturers, meat and seafood processors, bakeries, dairy product manufacturers, and fruit and vegetable processors. The industry manufacturers a range of products, including ovens, canning and bottling machines, food processing machinery and distilling equipment, to meet the needs of its downstream markets.
Industry revenue is projected to rise at an annualised 1.6% over the five years through 2016-17. This includes a projected 2.1% increase in 2016-17, to total $992.5 million... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Food Processing Machinery Manufacturing industry has a low market share concentration, with the top four players projected to account for around 21% of industry revenue in 2016-17. The low level of industry concentration is due to the fragmented nature of the industry and the large number of small operators. Some of these operators import products from overseas, make minor modifications and then onsell them to domestic clients. In 2016-17, an estimated 6.0% of industry firms employ between 20 and 199 staff, with no industry firm employing more than 200 staff. Furthermore, only 18.8% of industry firms are projected to report revenue higher than $2.0 million for the year.
Market share concentration is projected to have increased over the past five years... purchase to read more