MHIA Forecasts Growth in Material Handling Equipment New Orders in 2010

Material handling equipment orders are forecasted to grow 2.0-3.5% in 2010, according to the latest Material Handling Equipment Manufacturing Forecast (MHEM) released by Material Handling Industry of America (MHIA).

“We are in the middle of a contraction this year, but the worst appears to be over,” said Hal Vandiver, MHIA executive vice president of business development. “The decline in new orders is now forecasted to slow slightly in the last quarter of 2009 and hold the total year decline to 35.0% to 38.0%. We now believe that growth in the 2.0 to 3.5% range is possible in 2010.”

In addition, material handling equipment shipments are forecasted to contract 35.0% in 2009 and 5.5% 2010. Domestic demand (shipments plus imports less exports) will contract about 35.0% in 2009. Exports are forecasted to decline in 2009 and return to growth in 2010. Domestic demand will be down slightly in 2010.

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.

Download the complete forecast.

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 2011 and NA 2010 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.
 

<< Back to news articles