Subscribe to our free, weekly email newsletter!


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 Modern Materials Handling Staff
September 06, 2011

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!

Recent Entries

The visit is intended to highlight the city's warehousing, distribution and logistics industries.

In today's supply chain, the only constant is change. Our white paper 'Change Your Perspective: Four Keys to Effectively Adapting to Rapid Change in the Distribution Center Environment' provides key insights on not only adapting to trends, but which trends will enable you to achieve running the warehouse of the future.

Custom pallet manufacturer and global provider of temperature assurance packaging join association.

Small changes in pallet design can yield longer life and less product damage, according to Virginia Tech's Center for Packaging and Unit Load Design.

Cloud computing, big data, wireless communication and the Internet of Things (IoT) increase exposure to cyber-risks.

Article Topics

News · Economy · MHI · MHIA · All topics


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA