Shipments of conveyor equipment hit a record level in 2017, increasing by 15.95% from $12.188 billion in 2016 to $14.038 billion last year, the Conveyor Equipment Manufacturers Association (CEMA) announced in a press release Wednesday.
The organization estimates that orders for conveying equipment hit a total of $14.145 billion in 2017, with new orders last year representing a 15.55% boost, or about $1.82 billion, from the previous year.
Unit Handling orders were up 15.6% and shipments were up 19.2%. In the Bulk Conveying area, orders were up 15.4% and shipments were up 7.7%.
CEMA President, Paul Ross, announced the results at the Association’s 85th annual meeting in Naples, FL earlier this month. The organization tracks new orders and shipped sales volume in nine classes of unit handling equipment and four classes of bulk handling equipment.
The executives representing CEMA member companies who attended the annual meeting expressed continued optimism and forecasted shipments will increase 9.0% for 2018.