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 Investment Chapter
The industry has a low level of capital intensity. This means that for every dollar spent on capital, a further $12.56 needs to be spent on wages. The industry manufactures a large range of different products. Some machines are custom-made for large customers. The limited market for individual products makes it difficult to introduce high-volume production line processes, which limits the level of automation in the industry.
Individual industry operators that have the capacity to export their products and produce on a larger scale could potentially increase their capital intensity. However, this trend is unlikely to spread throughout the whole industry as exports are forecast to decrease over the five years through 2018-19... purchase to read more