Industry Analysis & Industry Trends
Industry performance has been weak over the past five years. Domestic demand fell at the start of the period, as the lingering effects of the economic downturn caused many key downstream industries to reduce capital spending. However, the industry returned to growth in the following years, as some downstream firms increased spending when economic conditions rebounded. Exports also increased, aided by reputation and quality advantages enjoyed by UK manufacturers. Nevertheless, import competition intensified and curtailed industry expansion.
Demand conditions varied considerably between downstream industries... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Food and Beverage Processing Machinery Manufacturing industry is in the decline stage of its life cycle. Industry value added, which measures the industry's contribution to the UK economy, is estimated to increase at compound annual rate of 0.5% over the 10 years through 2021-22. Meanwhile, the overall economy is expected to grow at a compound annual rate of 2.3% over the same period. This indicates that the industry will account for a declining share of the economy.
The industry is losing domestic market share to imports and this is expected to continue over the next five years. Although exports are anticipated to grow over the next five years, intense competition from overseas rivals should result in operators losing global market share. In .. purchase to read more