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 - 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 less than 25.0% of industry revenue in 2015-16. 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 2015-16, an estimated 6.5% of industry firms employ between 20 and 199 staff, with no industry firm employing more than 200 staff. Furthermore, only 20.0% 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