Materials handling industry rebounds

$75 billion. That could be the most important figure reported by the Material Handling Industry of America (MHIA), sponsor of ProMat, at its annual State of the Industry press conference yesterday.
By Modern Materials Handling Staff
March 22, 2011 - MMH Editorial

$75 billion. That could be the most important figure reported by the Material Handling Industry of America (MHIA), sponsor of ProMat, at its annual State of the Industry press conference yesterday.

“That figure represents the capital spending plans of ProMat attendees over the next 18 months,” said George Prest, chief operating officer for MHIA. That’s right, ProMat attendees say they plan to spend $75 billion on the materials handling and information handling technologies on display that this year’s show in the next year and a half.

29%. That could be the second most important figure reported by MHIA. That represents the increase in pre-registrations for this year’s event over the 2009 show.

Taken together, the numbers paint a picture of why materials handling spending has begun to rebound from the recession that began in 2008. In fact, the chart of economic activity for the industry over the last few years looks very much like a V-shaped recovery, according to Prest.

Material Handling Equipment Manufacturers (MHEM) report that new orders grew by 18% in 2010 over 2009. Those same manufacturers are forecasting growth of 11% to 12% for 2011-2012. MHEM shipments—the actual deliveries of materials handling equipment and systems—grew between 6% and 7% in 2010 and are also forecast to grow by 11% to 12% in 2011-2012.

Finally, MHEM Domestic Demand, a figure defined as shipments to domestic customers plus imports of equipment by domestic customers less export shipments, grew 3% to 4% in 2010, but is forecast to grow 11% to 12% in 2011. MHIA is also forecasting strong export growth in 2011.

“The buying power of our attendees is the primary reason there’s a lot more activity and optimism on the floor this year over the 2009 show,” Prest said.

2011 Industry Outlook: Optimism shines
Materials handling industry experts report that 2010 was better than expected and believe that we’re painting a brighter picture for 2011.

ProMat 2011 will be held March 21 - 24, 2011 at McCormick Place South in Chicago. The tradeshow will showcase the latest manufacturing, distribution and supply chain solutions in the material handling and logistics industry.

Read all of Modern’s ProMat 2011 coverage

 

 



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

Experienced executive joins provider of automated storage and retrieval systems.

This white paper will outline the use of automated, software-driven picking technologies such as horizontal carousels, vertical carousels and vertical lift modules for inventory picking. These automated picking technologies can slash fulfillment times, labor needs and warehouse footprint requirements, while vastly improving throughput and worker productivity. This supports same-day and next-day delivery objectives and boosts customer satisfaction. Download the complimentary white paper.

How to identify and reduce the six types of waste common to every battery room.

Most departments to double in size, electrical controls department to increase four-fold.

Revitalize American Manufacturing and Innovation Act would create more advanced manufacturing centers to compete globally and attract investors.

Article Topics

News · Materials Handling · ProMat 2011 · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA