MHIA: 17.1% growth in materials handling equipment new orders in the first half of 2011

MHIA forecasts growth of 11.0% for 2011 and 7.0% for 2012.

By ·

Material handling equipment orders grew 17.1% in the first half of 2011 and are forecasted to grow 11.0% in 2011 and 7.0% in 2012, according to the latest Material Handling Equipment Manufacturing Forecast (MHEM) released by Material Handling Industry of America (MHIA).

“Consumers and investors are skeptical regarding improvement in economic conditions,” said Hal Vandiver, MHIA executive consultant. “Given slow GDP growth, unemployment is likely not to improve over the next 18 months, supporting concerns about positive consumer behavior. Industrial production activity appears to be softening and factory operating rates (utilization) are forecasted to improve only modestly.”

“Forecasts for GDP, investment and consumption have been downgraded to reflect the growing sentiment that US and global economies are fragile. We have reduced our forecast for MHEM new orders, shipment and domestic demand for 2012.”

In addition, material handling equipment shipments grew 6.1% in 2010 and are forecasted to grow 14.0% in 2011 and 7.0-8.0% in 2012. Domestic demand (shipments plus imports less exports) grew 3.0% to 4.0% in 2010. Domestic demand grew 13.1% in the first half of 2011 and 5.5% in 2012.

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!

Article Topics

Economy · MHI · · All Topics
Latest Whitepaper
Hydrogen, the Future of Materials Handling
Large, successful organizations are integrating hydrogen fuel cell technology into their lift truck fleets and benefiting from lower operational costs, reduced emissions and improved reliability.
Download Today!
From the October 2016 Issue
Brownells’ new Iowa distribution center has taken touches—and miles—out of the order fulfillment process and increased throughput with near 100% accuracy.
System Report: Brownells new DC is flexible and responsive
Pallet Usage Report: Pallets Remain Critical in the Modern-Day Warehouse
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Pallets: Supporting Product, Processes and the Enterprise
The smallest leak in performance or cost can bring a lean, nimble and speedy supply chain to a halt. During this 30-minute webcast we'll examine how Modern's readers use pallets to keep the wheels turning as they maneuver a road filled with sharp edges and potholes.
Register Today!
Brownells: Designing for Efficiency and Growth
Brownells’ new Iowa distribution center has taken touches—and miles—out of the order...
Industry celebrates National Manufacturing Day
Fourth annual Manufacturing Day is a grassroots effort by U.S. manufacturers to improve the public...

American Eagle Outfitters’ omni-channel journey
The fashion retailer has used warehouse execution software and automation to create a true...
The data-driven lift truck
Now that manufacturers and distributors are using the data from their automated systems to drive...