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 SWOT Analysis Chapter
The Food Processing Machinery Manufacturing industry is in the mature stage of its lifecycle. Industry revenue growth has been low in the past five years due to high and increasing import competition. Furthermore, industry value added, which is the industry's contribution to national GDP, is projected to grow at an annualised rate of 0.7% over the five years through 2020-21. This is significantly lower than the projected GDP growth rate of 2.8% over the same time period, which shows that the industry will account for a smaller proportion of the national economy in 2020-21 than it did in 2010-11.
Strong and increasing import competition has contributed to declines in establishment number in the past five years... purchase to read more