Industry Analysis & Industry Trends
The Food Processing Machinery Manufacturing industry is highly dependent on the level of activity within downstream food and beverage manufacturers, and capital investment in equipment and machinery in these industries. 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, such as ovens, canning and bottling machines, food processing machinery and distilling equipment, to meet the varied needs of its downstream markets.
Industry revenue is projected to increase at an annualised 0.9% over the five years through 2015-16. This includes a projected 3.3% growth in 2015-16, to $926.4 million... purchase to read more
Industry Report - Starting a New Business Chapter
Entry barriers to the Food Processing Machinery Manufacturing industry are at a medium level. Factors that affect entry include the high competition level in the industry and the extensive technical expertise required to manufacture food processing equipment. High industry competition has put downward pressure on prices in the past five years, which limits opportunities for new food equipment manufacturers. This has also increased the importance of product branding, with established firms having a clear advantage in the market.
New players in the industry need access to or the ability to develop leading edge technology, as some equipment in the industry incorporates sophisticated technology... purchase to read more