Top 10 Forklift Manufacturers of 2023

Many changes are taking place in the forklift sector. Some manufacturers have merged. Others are bringing different technologies together under one roof to provide one-stop shopping for customers. Despite these changes, the leading forklift manufacturers list contains mostly the same players from the previous year.

1. Toyota

This should come as no surprise to anyone. Toyota has been the leading forklift manufacturer for many years. They show no signs of losing their top ranking. Known for their quality and reliability, Toyota offers electric trucks in a variety of models.

2. KION Group

Kion Group is another fixture on the top forklift manufacturer’s list. It sells two brands of lift trucks: Linde and Baoli. Linde has been a leader in material handling equipment for over 150 years. It serves the North American market. Baoli sells trucks in the international market. Its products include diesel, gas, liquid propane and electric trucks.

3. Jungheinrich Group

Based in Germany, Jungheinrich offers electric forklifts and lift trucks sold in North America by more than 400 dealers. Jungheinrich’s product line includes counterbalanced and lithium-ion trucks. This top forklift manufacturer also offers order pickers, turret and reach trucks, tow tractors, walkie stackers, and more.

4. Mitsubishi Logisnext

This forklift manufacturer formed as a result of the merger between Mitsubishi Nichiyu Forklift and UniCarriers Corp. It offers six brands of lift trucks: Mitsubishi Forklift Trucks, UniCarriers, Nichiyu Electric Forklift, CAT Lift Trucks, TCM, and Rocla.

5. Hyster-Yale Materials Handling (HYMP)

HYMP is the parent company of the Hyster and Yale forklift brands and consistently ranks among the leading global lift truck brands. It continues to explore ways to grow its business in Eastern Europe, Asia-Pacific, Latin America, and China.

6. Crown Equipment

Crown Equipment is a privately held company based in Ohio that specializes in electric trucks. It offers a wide range of models, including counterbalance, very narrow aisle, and reach trucks. Crown also provides order pickers, stackers and tow trucks.

7. Anhui Heli Forklift

Based in China, Anhui Heli has led the Chinese market for nearly 30 years in a row. Anhui Heli offers a mix of IC, electric, and lithium battery trucks. It also offers empty container stackers, wheel loaders, tractors, forklift attachments, and more.

8. Komatsu

Komatsu is the second-largest manufacturer in the world, with 25 plants around the globe. The company’s forklift division specializes in IC pneumatic, electric riders, IC cushion, and narrow aisle forklifts.

9. Hangcha Group

Hangcha has been making forklifts for more than 50 years. It produces IC and electric trucks, including an explosion-proof model.

10. Clark Material Handling

Clark built their first “Tructractor” in 1917. More than a century later, they offer five major lines. These include LPG, gasoline, dual fuel, diesel, electric riders, and powered hand trucks.

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