Bharat Book Bureau

World Material Handling Products to 2014

Global demand to rise 7% annually through 2014
Global demand for material handling products is projected to rise 7.0 percent per year through 2014 to $119 billion. Demand will benefit from recovery in the key US market, which will rebound from dismal levels in 2009. Demand growth in the Asia/Pacific region will also outpace the global average, increasing 8.4 percent per year through 2014. China will be the fastest growing national market and comprise about one-quarter of the growth in global demand. Above-average growth will also occur in India due to solid gains in fixed investment expenditures and rising manufacturing output. ( )

US demand to exceed world average growth rate
Despite a modest outlook in the shorter term, US demand for material handling products is expected to rise over seven percent per year through 2014. Gains will result from recovery in fixed investment expenditures, which plummeted in 2009 due to the economic recession.

US, China among key producing nations
The largest national industries are those of the US, China, Germany and Japan. US production of material handling products was adversely impacted in 2009 by the poor domestic market, but is expected to recover in conjunction with a rebound in US demand. China has grown into a leading supplier of material handling products, taking advantage not only of its inexpensive labor pool, but also of favorable exchange rates, which have made pricing of Chinese goods especially competitive. China exports products to the US, Western Europe and throughout Asia.

Both durable, nondurable goods manufacturing markets to see advances
Durable goods manufacturers accounted for the largest portion of global material handling equipment demand in 2009. Growth over the forecast period will benefit from rising production in key markets such as the motor vehicle industry. Demand from nondurable goods manufacturers will also advance through 2014, led by healthy growth in the chemicals and food and beverages markets. Advances will result from the increased importance of international trade throughout the manufacturing sector, which will benefit material handling demand as a matter of course.

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