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.
By Modern Materials Handling Staff
May 24, 2013 - MMH Editorial

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!

Recent Entries

While shippers ready themselves for the long Labor Day weekend, we’d like to remind them that new security and compliance regulations are - as always – looming ahead.

United States Class I carloads were down 56,104 carloads–or 4.6 percent annually–at 1,115,957 in August, and intermodal containers and trailers were up 3.6 percent--or 38,617 units- at 1,114,370.

A new report from Chicago-based freight transportation and logistics consultancy CarrierDirect released this week examines current freight market conditions and what logistics and supply chain stakeholders need to do and know in order to stay one step ahead of the competition.

You’ve heard the old saying, it was the best of times, it was the worst of times. Rob Handfield sees this as the best of times for procurement professionals, who have an opportunity to deliver real value to their organizations

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

About the Author

Josh Bond, Senior Editor
Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.

Comments

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