Industry Analysis & Industry Trends
The Food Processing Machinery Manufacturing industry depends on activity among downstream food and beverage manufacturers, and their capital investment in equipment and machinery. 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, including ovens, canning and bottling machines, food processing machinery and distilling equipment, to meet the needs of its downstream markets.
Industry revenue is projected to rise at an annualised 1.6% over the five years through 2016-17. This includes a projected 2.1% increase in 2016-17, to total $992.5 million... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Food Processing Machinery Manufacturing industry is in the mature stage of its life cycle. 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 0.9% over the five years through 2021-22. This is lower than the projected GDP growth rate of 2.6% over the same time period, which shows that the industry will account for a smaller proportion of the national economy in 2021-22 than it did in 2011-12.
Strong and increasing import competition has contributed to declines in establishment number in the past five years. This has limited opportunities for the industry to expand at a faster rate... purchase to read more