Conveyors & Sorters: Let the good times ... Convey
By anyone’s measure, the conveyor industry had a superior year in 2011 and is expecting strong growth again in 2012.
The conveyor industry shipped an estimated $8.5 billion in bulk and unit handling equipment in 2011, a 28% increase over 2010, according to Dan Fannin, chair of CEMA’s statistics committee and a past president of the organization. That compared to a 17.1% increase in the over all materials handling industry as measured by the Federal Reserve Board. CEMA members one-upped the overall industry, with a 32.1% increase in shipments.
Fannin expects growth to continue in 2012, with another 10% increase in shipments to $9.35 billion. While that is a slower pace of growth than in 2011, it is consistent with predictions of a declining rate of growth for the overall materials handling industry by MHIA.
Still, 10% represents a rate of growth that any industry vertical would be glad to post and represents the continued investments that companies are making to improve productivity.