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
Download the full 2016 Modern Materials Handling Salary Survey
How does your earning power match up with your peers across the material handling industry? Materials Handling salary survey, Warehouse manager salary survey, Warehouse Salary Research
Download Today!
From the November 2016 Issue
In Whirlpool Corp.’s Clyde, Ohio, factory, mobile robots have automated the delivery of parts to the line. The result is a more consistent, efficient and safer operation.
Optimizing home delivery: It takes more than planning
9th Annual Salary Survey: Success and Satisfaction Continue to Reign
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2016 Warehouse/DC Operations Webcast: Confronting omni-channel complexity
During this webcast we’ll examine the current activities, trends, and best practices in warehouse and DC operations management and how companies plan to address complex issues associate with omni-channel fulfillment.
Register Today!
EDITORS' PICKS
Systems Report: Whirpool puts mobile robots to work
In Whirlpool Corp.’s Clyde, Ohio, factory, mobile robots have automated the delivery of parts to...
Modern Materials Handling’s 2017 Casebook Collection
The 2017 Casebook features more than 35 case studies that put the spotlight on successful innovation...

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...