MHIA features session on trends at 2008 Membership Meeting.

Press Release Summary:



At the 2008 MHIA Annual Membership Meeting, industry leaders held a session on current material handing and logistics market trends. Topics included market size and long run average growth, cyclical nature of the market, key markets fueling growth in 2008, and implications for 2009/2010. Other topics included key drivers impacting growth, size and growth estimates, and upside opportunities/downside risks to current forecast. Various material handling market segments were covered.



Original Press Release:



MHIA Leaders Discuss Market Trends



Industry leaders from the Material Handling Industry of America (MHIA) held an educational session on current material handing and logistics market trends during the recent 2008 MHIA Annual Membership Meeting held in Scottsdale, Arizona. During the session, speakers delivered their insights into current conditions including:

Market size and long run average growth

Cyclical nature of market

Key end-user/vertical markets fueling growth in 2008 and implications for 2009/2010

Key market drivers impacting growth in 2009 and 2010

Estimates for 2008 and 2009 market size and growth over 2007 and 2008

Upside opportunities, downside risks to current forecast

Key issues and trends.

Material handling market segments covered included conveyors, industrial racks, casters and wheeled devices, automated material handling, industrial lifts, supply chain execution, industrial trucks, overhead lifting and integrated systems.

MHIA is an international trade association that has represented the material handling & 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 industry. Much of the work of the industry is done within its product-specific sections, councils and affiliates. The association also sponsors trade events, such as ProMat and NA 2010 to showcase the products and services of its member companies and to educate industry professionals on the productivity solutions provided through material handling and logistics.

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