Materials handling equipment new orders grows 15.2% in 2011
MHIA forecasts growth of 8.0% for 2012 and 12.0% in 2013
in the NewsCorrugated Packaging Alliance releases new report showing industry’s environmental progress Global ports sector faces structurally slower growth, says Fitch Ratings California leads the way in addressing transport infrastructure Buoyed by e-commerce, secondary industrial markets have strong future growth prospects, says CBRE Buoyed by e-commerce, secondary industrial markets have strong future growth prospects, says CBRE More News
Material handling equipment orders grew an estimated 15.2% in 2011 and are forecasted to grow 8.0% in 2012 and 12.0% in 2013, according to the latest Material Handling Equipment Manufacturing Forecast (MHEM) released by Material Handling Industry of America (MHIA).
“Consumers and Investors are regaining confidence in economic conditions,” said Hal Vandiver, MHIA executive consultant. “Given slow GDP growth for the next few quarters, there are anticipated improvements in unemployment, industrial production activity and factory operating rates (utilization) that will impact MHEM positively. Additionally, housing is making a rebound that will contribute greatly to sustained growth through 2014.”
In addition, material handling equipment shipments grew an estimated 17.1% in 2011 and are forecasted to grow 9.0% in 2012 and 11.0% in 2013. Domestic demand (shipments plus imports less exports) grew an estimated 18.4% in 2011 and will likely mirror shipment growth in 2012, 2013 and 2014.
The MHEM forecast of material handling equipment manufacturing is released each quarter by MHIA and looks 12 to 18 months forward to anticipate changes in the material handling and logistics marketplace.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
GE Healthcare: Self-driving vehicles are the centerpiece of ROC The Big Picture: Adaptability as King View More From this Issue