Over the past five years, the Printing, Paper, Food, Textile and Other Machinery Manufacturing industry felt the negative impacts of the economic downfall. Repressed disposable income caused consumers to restrict spending even as the economy began to recover. As a result, retailers demanded fewer goods, leaving downstream manufacturers with unused capacity and no need to expand production through additional equipment. In addition, demand declined due to import competition. In the five years to 2019, exports are anticipated to be a driving force behind revenue growth, especially with regard to newly westernized and industrialized countries. Also, consumer spending will pick up thanks to renewed per capita disposable income. Increases in spending levels will encourage manufacturing activity and, in turn, boost demand for machinery from manufacturers that need to expand capacity.
Operators in this industry manufacture diverse industrial machinery, including machinery for food processing (e.g. ovens), sawmills and paper industries (e.g. log splitters), printing industries (e.g. printers) and other industries (e.g. knitting machinery and kilns). This industry does not contain information on semiconductor machinery manufacturing in the US (see IBISWorld report 33329a).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.