Materials handling industry rebounds

$75 billion. That could be the most important figure reported by the Material Handling Industry of America (MHIA), sponsor of ProMat, at its annual State of the Industry press conference yesterday.

By ·

$75 billion. That could be the most important figure reported by the Material Handling Industry of America (MHIA), sponsor of ProMat, at its annual State of the Industry press conference yesterday.

“That figure represents the capital spending plans of ProMat attendees over the next 18 months,” said George Prest, chief operating officer for MHIA. That’s right, ProMat attendees say they plan to spend $75 billion on the materials handling and information handling technologies on display that this year’s show in the next year and a half.

29%. That could be the second most important figure reported by MHIA. That represents the increase in pre-registrations for this year’s event over the 2009 show.

Taken together, the numbers paint a picture of why materials handling spending has begun to rebound from the recession that began in 2008. In fact, the chart of economic activity for the industry over the last few years looks very much like a V-shaped recovery, according to Prest.

Material Handling Equipment Manufacturers (MHEM) report that new orders grew by 18% in 2010 over 2009. Those same manufacturers are forecasting growth of 11% to 12% for 2011-2012. MHEM shipments—the actual deliveries of materials handling equipment and systems—grew between 6% and 7% in 2010 and are also forecast to grow by 11% to 12% in 2011-2012.

Finally, MHEM Domestic Demand, a figure defined as shipments to domestic customers plus imports of equipment by domestic customers less export shipments, grew 3% to 4% in 2010, but is forecast to grow 11% to 12% in 2011. MHIA is also forecasting strong export growth in 2011.

“The buying power of our attendees is the primary reason there’s a lot more activity and optimism on the floor this year over the 2009 show,” Prest said.

2011 Industry Outlook: Optimism shines
Materials handling industry experts report that 2010 was better than expected and believe that we’re painting a brighter picture for 2011.

ProMat 2011 will be held March 21 - 24, 2011 at McCormick Place South in Chicago. The tradeshow will showcase the latest manufacturing, distribution and supply chain solutions in the material handling and logistics industry.

Read all of Modern’s ProMat 2011 coverage

 

 


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!

Article Topics

Materials Handling · ProMat · · All Topics
Latest Whitepaper
Download: Material Handling Technology Survey Results
Readers are buying and replacing warehousing and distribution center software, but not before they do their own homework.
Download Today!
From the July 2017 Modern Materials Handling Issue
Shuttle and case dispensing technologies help Southern Glazer’s Wine & Spirits keep up with demand in one of the most competitive markets in the country.
Southern Glazer’s Wine & Spirits: Designed to Last
Automation: What’s at the heart of your system?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Warehouse Execution Systems (WES): The Pathway to Same-Day Fulfillment
This webinar explores the processes and technologies enabling same-day, same-hour order fulfillment using intelligent supply chain software.
Register Today!
EDITORS' PICKS
Southern Glazer’s Wine & Spirits: Designed to Last
On Long Island, the country’s premier distributor of wine and spirits turned to shuttle and case...
GE Healthcare System Report: Lean repairs
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new...

Materials Handling Innovation (and why it matters)
Every company considers itself an innovator. It’s time to include materials handling leaders in...
Thrive Market’s Startup Distribution Network
How does a fastgrowing, e-commerce startup company build out order fulfillment capabilities? Thrive...