Friday, January 20, 2012
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 is an international trade association that has represented the material handling and logistics industry since 1945. MHIA members include material handling and logistics equipment and systems manufacturers, integrators, consultants, publishers, and third party logistics providers. Member companies come from all areas of material handling and various parts of the world, making MHIA a strong national and international representative for the material handling and logistics industry. Much of the work of the industry is done within its product-specific Industry Groups. The association sponsors trade events, such as ProMat and MODEX to showcase the products and services of its member companies and to educate manufacturing, distribution and supply chain professionals on the productivity solutions provided through material handling and logistics.
Contact: Carol Miller, Vice President of Marketing & Communications, Material Handling Industry of America (MHIA) (704) 676-1190/800-345-1815.