TOP 10 FORKLIFT MANUFACTURERS

Forklifts are a crucial element in any warehouse operation. These tools allow your team to quickly (and carefully) move heavy loads to and from the loading dock with relative ease. However, one question that a lot of warehouse and supply chain managers have is this: “Which forklift is best for my business ?”

The following manufacturers are listed in order from most revenue

TOYOTA INDUSTRIES

Toyota Industries Corp. is a market leader that offers a variety of forklifts and is a top choice for those seeking an industrial forklift. This Japanese company manufactures forklift attachments, electric forklifts, and pallet trucks. Their forklift manufacturers’ division saw $15.54 billion USD in revenue in 2021, an increase of 25% since 2020, making them a leading forklift manufacturer.

THE KION GROUP

Another popular, successful forklift brand is The KION Group based in Germany. KION Group consists of several lift truck brands. These include:

  • Linde Material Handling
  • STILL
  • Baoli
  • Fenwick
  • OM Voltas

They also have a Supply Chains Solutions segment under their Dematic brand. KION’s Industrial Trucks & Services saw $7.41 billion USD in revenue in 2021, a 14% increase from 2021.

THE JUNGHEINRICH GROUP

Another German company in the global forklift market, The Jungheinrich Group, is another leader when it comes to material handling equipment. They are known among forklift operators for their electric forklifts and pallet trucks. Their revenue in 2021 was $4.82 billion, an 11% increase from the previous year.

CROWN EQUIPMENT CORPORATION

If you’re interested in American companies, Crown Equipment Corporation is a privately-held company that manufactures multiple types of forklifts, including rough terrain forklifts and counterbalance forklifts. Based in New Bremen, Ohio, they saw $4.1 billion USD in revenue in 2021.

MITSUBISHI LOGISNEXT

Mitsubishi Logisnext Co. Ltd., based in Tokyo, consists of multiple brands on the global forklift market. These include:

  • UniCarriers
  • Mitsubishi Caterpillar
  • Nichiyu
  • Rocla
  • TCM

Mitsubishi Logisnext saw $3.75 billion USD in revenue in 2021, and is known for many types of forklifts including internal combustion forklifts and CAT lift trucks.

HYSTER-YALE MATERIALS HANDLING

Cleveland, Ohio-based company Hyster-Yale Materials Handling Inc. is the parent company of the Hyster and Yale lift truck brands. Their consolidated revenue in 2021 was $3.1 billion USD, and they’re well-known for their heavy-duty forklifts and material handling equipment.

ANHUI HELI

Another one of the top forklift manufacturers is Anhui Heli Co. Ltd., based out of Hefei, China. Anhui Heli saw $2.41 billion USD in revenue in 2021 and is known for a variety of material handling lifts, including electric lift trucks and diesel forklifts.

HANGCHA GROUP

Another Chinese company, Hangzhou-based Hangcha Group, makes the list for their electric trucks and narrow aisle forklifts. They had $2.25 billion USD in revenue in 2021, a 26% increase compared to 2020.

MANITOU GROUP

New to the list of top forklift manufacturers by revenue in 2021 is Manitou Group, based out of France. Manitou Group saw an 18% increase in revenue in 2020, with 2021 numbers at $2.13 billion USD. Manitou Group’s rough terrain forklifts are a popular choice, as this

Impetus Professional Forklift and Forklift Attachment manufacturer. Our company are producing Stacker/electric pallet truck/reach truck/diesel/electric/LPG forklift. All products are ODM/OEM Accepted. We have more than 20 years of experience in the forklift industry, we have exported to more than 70 countries.

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