New MHE Worldwide Market Report Released
Just quick heads up –
The new world material handling equipment market report has been released and is now available. The good news is that it’s predicting a growth in demand of 5% or more by 2012.
From the report:
The world market for material handling equipment and systems is projected to increase more than five percent per year through 2012 and exceed $120 billion (including price increases). Generally healthy economic conditions will support gains in global material handling demand, especially in rapidly developing areas such as China and India, where rising manufacturing output and fixed investment will fuel growth. The advanced nations of North America, Western Europe and the Asia/Pacific region (i.e., Australia and Japan) comprise relatively mature markets for material handling. A healthy economic outlook coupled with a pickup in fixed investment will support material handling demand in the US, while expanding manufacturing output will support gains in Japan and Western Europe.