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2022 Top 10 Global Forklift Manufacturers

1. Toyota Industries Corporation

Founded in 1926, Japan's Toyota is headquartered in Aichi Prefecture, Japan. It owns TOYOTA, BT, RAYMOND, CESAB and Tailifu brands and a full range of product lines. Since Toyota acquired the famous European forklift manufacturer Sweden BT in 2000, it has been in the leading position in global sales for 19 consecutive years. It has more than 100 general agents, more than 750 dealers and 9 production bases around the world. Forklift revenue in 2019 was US$13.36 billion, a year-on-year increase of 0.5%.

2. KION Group

Founded in 1904 and headquartered in Wiesbaden, Germany, the KION Group includes brands such as Linde, Still, Baoli, Fenwick and OMVoltas. In 2019, car revenue was US$7.17 billion, an increase of 8% year-on-year.

3. Jungheinrich Group

Jungheinrich was established in 1953, headquartered in Hamburg, Germany, and has sales and after-sales service companies in many regions around the world. Revenue in 2019 was $4.58 billion, up 5% year-over-year.

4. Mitsubishi Logisnext

Headquartered in Tokyo, Japan, the company was formed by the merger of Mitsubishi Nichiyu Forklift Co., Ltd. and UniCarriers Corp. In 2019, the company's revenue was US$4.15 billion, a year-on-year decrease of 3%.

5. Crown Equipment Group

Founded in 1946 and headquartered in Ohio, USA, Crown is the largest supplier of electric forklifts in North America, with a global service and distribution network of more than 500 retail locations.

　　6. Hyster-Yale Material Handling Equipment

Headquartered in Cleveland, USA, the company is the parent company of Hyster and Yale brand forklifts. Fiscal 2019 revenue was $3.29 billion, up 4% year-over-year.

7. Anhui Heli

Anhui Heli was founded in 1958 and is headquartered in Hefei, Anhui Province. It produces more than 1,700 product models online. Anhui Heli has established 23 provincial-level marketing networks and nearly 400 sales outlets in China, and has established overseas agency relationships in overseas regions. Its main products are sold to more than 150 countries and regions in the world. In 2019, revenue was US$1.45 billion, a year-on-year increase of 5%.

8. Hangcha Group

Founded in 1956, Hangcha Group is headquartered in Hangzhou, Zhejiang. It has more than 70 holding subsidiaries and more than 300 sales outlets in China; it has 5 branches overseas and more than 230 agents. Its products are exported to Russia and Brazil. , Poland, France, Turkey, the United States and other regions. In 2019, revenue was US$1.27 billion, a year-on-year increase of 5%.

9. Doosan Industrial Vehicle Company

Doosan Industrial Vehicle Company launched Korea's first forklift in 1968, and has since developed into the largest industrial vehicle manufacturer in Korea. Revenue was $1.17 billion in 2019, up 4% year-over-year.

10. Clark Material Handling

Clark has manufactured the world's first forklift with a history of more than 100 years. Revenue was $780 million in 2019, slightly down from $790 million in 2018.