After an increase in 2017, cumulated production value of materials handling equipment in China, Japan, the E.U. and the U.S. dropped to €140bn in 2018 after the Chinese crane manufacturing market lost some 37%.
2018 was overall a good year in the E.U., Japan and the US, all of which experiences growth rates over 7%. China, however, recorded a 37% drop under the effect of the 50% decrease of its crane market. This result reinforces Europe’s position with 43% of the world market, followed by the US (25%), which overtakes China.
At equipment level, all product categories increased, except cranes and lifting equipment.
- Cranes & Lifting Equipment: despite good results in Europe and the US, the strong decrease in China (-49%) resulted in a substantial draw-back of -23.7% at €54bn.
- Industrial trucks increased by 4% at 38bn. Europe increased by 7.5% at €17.2bn.
- Continuous Handling Equipment now is the second largest product category thanks to a 7% increase at €39bn.
- Racking & shelving production continued its sustained growth with +12% at €10bn.
About World Materials Handling Statistics
The World Materials handling Alliance complies annual statistical data on the production value of materials handling, lifting and storage equipment. The figures are based on publicly available data from official sources (governments, statistical offices) as well as estimates from WMHA partners. The aim is to give a picture of the size and evolution of the industry at international, regional and local levels, as well as by category of equipment.
About the WMHA partners
World statistics are available in the General publications section.