Material handling equipment buys to rise in 2010
Growth of 2.5%-3% versus 35%-38% drop in 2009
Tom Stundza -- Purchasing, 11/20/2009 2:15:28 PM
Purchases of material handling equipment will grow 2%-3.5% in 2010, according to the latest forecast from the Material Handling Industry of America.
"We are in the middle of a contraction this year, but the worst appears to be over," says Hal Vandiver, the trade group's 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% to 38%."
Material handling equipment shipments are forecasted to contract 35% in 2009 and, because of the time needed between orders and delivery, slide by 5.5% 2010. Vandiver says domestic demand-shipments plus imports less exports-will contract about 35% in 2009.
Exports material handling equipment are expected to decline in 2009 and return to growth in 2010. However, domestic demand still will be down in 2010, Vandiver says.
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