Printing, Paper, Food, Textile & Other Machinery Manufacturing in the US - Industry Market Research Report

Off the press: Increases in consumer spending will aid in this industry's recovery

Printing, paper, food, textile and other machinery manufacturing is a collection of several subsegments that produce industrial machinery for their respective downstream manufacturing industries. Demand hinges on activity in discrete downstream markets, as downstream producers purchase machinery in response to domestic and international demand for manufactured goods. Due to this, the industry is influenced by the overall level of industrial production and the amount of private investment in industrial equipment across the economy. The industry struggled with widespread socioeconomic shutdowns that were invoked to curb the spread of COVID-19. Volatile steel prices and heightened competition from low-cost imports also damaged the industry, causing performance to decline. Printing, paper, food, textile and other machinery manufacturing revenue has inched downward at a CAGR of 0.8% over the past five years and is expected to total $30.1 billion in 2023, when revenue will jump by an estimated 0.3%. Operators in this industry manufacture diverse industrial machinery, including machinery for food processing. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.