Industry Analysis & Industry Trends
The Food Processing Machinery Manufacturing industry is highly dependent on capital expenditure by downstream food and beverage manufacturers. 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 wide range of products – such as canning and bottling machines, food processing machinery, ovens and distilling equipment – to meet the varied needs of downstream manufacturing industries. Industry revenue has fluctuated over the past five years due to downstream industry activity, price and import competition. Overall, Industry revenue is forecast to grow at a compound annual rate of 3.3%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The market share concentration of the industry is low with the top four players accounting for less than 40% of the industry revenue. The industry is highly fragmented and there are a large number of small operators, but consolidation has emerged in the past five years. New entrants may find it difficult to establish operations due to lack of customer relationships and contracts.
Large overseas-based firms (who export to Australia) dominate most market segments, with Australia-based manufacturing capacity targeting niche markets. Market share concentration is expected to increase as further consolidation takes place... purchase to read more