Materials Handling Equipment to Climb 4% Annually
According to trade publication Modern Materials Handling (MMH), citing a new study by The Freedonia Group, global demand for materials handling products is forecast to climb 4% annually through 2016 to $123.6 billion.
MMH said the U.S. market, which accounted for 22% of global sales in 2011, is expected to remain the leading consumer through 2016. After a period of sluggish gains between 2006 and 2011, demand in the U.S. will perform better through 2016, bolstered by improved manufacturing conditions, especially in the motor vehicle industry.
To read the Modern Materials Handling article click here.
