MHI forecasts growth of material handling equipment orders of 5% to 6% for 2013
Material handling equipment new orders grew 7.2% in 2012 and are forecasted to grow 10% or more in 2014.
Latest NewsUniversal Asset Management see significant time, money and labor savings with FedEx Freight Box Future of WMS mapped out in Oracle Forecast Is Your Logistics Strategy Keeping Pace with Your Manufacturing Efficiency? OSHA revised standard 1910.26 sets new dockboard requirements ProMat sees 20% attendance increase; largest event in show history More News
Latest ResourceIs Your Logistics Strategy Keeping Pace with Your Manufacturing Efficiency? U.S. manufacturers continue to invest in world-class technology and innovation, as a growing number of businesses choose to expand U.S.-based production — or return manufacturing from Asia.
Material handling equipment new orders grew 7.2% in 2012 and are forecasted to grow 5.0% to 6.0% in 2013 and 10.0% or more in 2014, according to the latest Material Handling Equipment Manufacturing Forecast (MHEM) released by MHI.
“As the current US economic expansion shifts from capital expenditure driven to consumer-led, we anticipate modest, positive MHEM growth for 2013. Housing, automotive rebounds and expansion in industrial, warehouse and commercial buildings (over 69% 2014 - 2018) will contribute substantially to improved MHEM growth for 2014 and beyond,” says Hal Vandiver, MHI executive consultant.
In addition, material handling equipment shipments grew 9.8% in 2012 and are forecasted to grow 3.5% in 2013 and 9.1% in 2014. Domestic demand (shipments plus imports less exports) grew an 10.9% in 2012 and is estimated to grow 3.4% in 2013 and just over 9.5% in 2014.
MHEM Trade growth slowed by more than 50.0% in 2012 reflecting reduced US demand and serious problems in foreign markets. Import growth in 2012 was 17.9%, down from 37.7% in 2011. Export growth was 11.2% in 2012, down from 26.2% in 2011. MHEM Imports and Exports are expected to slow dramatically in 2013 and rebound modestly beginning mid-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 Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Information Management: Wearables come in for a refit 2017 Air Cargo Roundtable: Positive Outlook Driven by New Demand View More From this Issue