MHIA: 24.2% growth in materials handling equipment new orders in 2011
MHIA forecasts growth of 8.0% to 9.0% for 2012 and 6.0% in 2013 with continued growth in 2014
in the NewsUPS and China-based SF Holding to launch joint venture Motors, gears and drives MRO Hub Group announces plans to acquire Estenson Logistics MRO Technician Spotlight: Derek Ingram, Carolina Handling MHEFI announces call for nominations for 2017 awards More News
Material handling equipment orders grew an estimated 24.2% in 2011 and are forecasted to grow 8.0% to 9.0% in 2012 and 6.0% in 2013, according to the latest Material Handling Equipment Manufacturing Forecast (MHEM) released by Material Handling Industry of America (MHIA).
“Consumers’ and Investors’ confidence is best characterized as uncertain; unemployment, industrial production activity and factory operating rates (utilization) are improving modestly,” said Hal Vandiver, MHIA executive consultant. “All are favorably impacting MHEM; but, do not indicate robust growth. Residential and non-residential construction, if forecasts hold, will contribute greatly to positive growth 2014 and beyond. We have extended the forecast of 2012 to 2013; and in 2014, indicated the expectation for a slower pace compared to our last forecast.”
In addition, material handling equipment shipments grew an estimated 19.6% in 2011 and are forecasted to grow 9.0% in 2012 and 7.5% in 2013 and 2014. Domestic demand (shipments plus imports less exports) grew an estimated 21.2% 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.
MHIA: 16.3% growth in materials handling equipment new orders in 2011
MHIA forecasts growth of 8.0% to 9.0% for 2012 and 12.0% in 2013
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!
Top 20 Worldwide Materials Handling Systems Suppliers 2017 ERP Suppliers’ Changing Role View More From this Issue