MHIA forecasts growth of 8% to 9% for 2012 and 6% in 2013 with continued growth in 2014
Shipments forecasted to grow 9% in 2012 and 7.5% in 2013 and 2014.
in the NewsDigital Issue: The Current State of Third-Party Logistics Services New JDA survey finds missing link to omni-channel success for manufacturers and retailers FTR report makes the case for Twin 33-foot trailers in the LTL sector A3 fall conferences to offer insight into latest automation, strategies and networking Some shipping sectors still slow to recognize advances in ocean cargo technology More News
Material handling equipment orders 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 in 2014 and beyond. We have extended the forecast of 2012 to 2013; and in 2014, indicated the expectation for slower growth.”
In addition, material handling equipment shipments are forecasted to grow 9.0% in 2012 and 7.5% in 2013 and 2014. Domestic demand (shipments plus imports less exports) 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.
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!
GE Healthcare: Self-driving vehicles are the centerpiece of ROC The Big Picture: Adaptability as King View More From this Issue