The material handling world is evolving quickly, and forklifts are at the heart of this transformation. Whether in warehouses, factories, or construction sites, forklifts are the engines that keep global supply chains running smoothly. As businesses seek smarter, more sustainable solutions, the top forklift manufacturers are answering the call with innovative technologies that enhance efficiency, reduce costs, and promote environmental sustainability.

Companies like Toyota Material Handling, KION Group, and Hyster-Yale lead the charge from electric forklifts to AI-powered systems. Their groundbreaking solutions are helping businesses achieve operational excellence while staying competitive in the ever-changing global market. Let's dive into how these forklift giants set the pace and what it means for industries looking to grow and expand.

"Innovation in material handling goes beyond lifting loads. It's about lifting businesses to new heights of efficiency and sustainability." - John Buttery.

Leading Manufacturers Are Revolutionizing Logistics Through Innovation and Sustainability.

Relevance:

Material handling equipment, particularly forklifts, may not always grab the headlines, but they are essential for almost every industry. With new technological advancements, businesses can leverage these tools to optimize operations, streamline logistics, and reduce costs. The relevance of keeping up with these changes cannot be overstated—especially for companies focused on growth, global expansion, and sustainability.

"The material handling industry is no longer about just moving products—it's about moving businesses forward with smarter, more sustainable solutions. The companies that embrace these innovations will lead the future of global logistics." - John Buttery.

Forklift giants set the pace and what it means for industries looking to grow and expand.

1. Toyota Material Handling

Toyota Material Handling leads the global forklift market, known for reliability, innovation, and performance. Their range includes electric, internal combustion engines, and automated forklifts. Focusing on technology, efficiency, and sustainability has made Toyota a pioneer in electric forklifts and autonomous solutions. The company’s vast dealer network ensures global support and service.

Headquarters: Columbus, Indiana, USA
Estimated Number of Dealers: Over 700 globally
Market Share: Approximately 20% global market share
Key Product Lines: Toyota 8-Series, Toyota Traigo, Toyota Tonero
Recent Innovation: Introduction of fuel cell-powered forklifts for enhanced sustainability

2. KION Group (Linde, STILL)

The KION Group, through its brands Linde and STILL, is a major player in the forklift and warehouse equipment sector, particularly in Europe. Known for their electric forklifts and intralogistics systems, they focus on automation and smart warehouse solutions. Linde is celebrated for its ergonomic designs, while STILL specializes in efficient warehouse management systems.

Headquarters: Frankfurt, Germany
Estimated Number of Dealers: Around 1,000 globally
Market Share: Approximately 15% global market share
Key Product Lines: Linde E-Truck, STILL RX 60, KION iGo automation systems
Recent Innovation: AI-powered predictive maintenance systems

3. Hyster-Yale Materials Handling

With over 90 years in the industry, Hyster-Yale is known for its heavy-duty, durable forklifts, particularly suited for industrial environments. They offer a wide range of electric and engine-powered lift trucks and invest heavily in automation and fuel cell technologies to maintain a competitive edge.

Headquarters: Cleveland, Ohio, USA
Estimated Number of Dealers: Roughly 600 globally
Market Share: Approximately 8% global market share
Key Product Lines: Hyster J1.5-3.5XNT, Yale ERP070-080VNL, Hyster-Yale Reach Truck
Recent Innovation: Lithium-ion battery packs for electric forklifts

4. Crown Equipment Corporation

Crown Equipment Corporation, a U.S. leader in electric forklifts and warehouse equipment, is known for its design and operator comfort. Crown’s products feature advanced ergonomics and precision handling systems, and it is strongly committed to sustainability through energy-efficient electric forklifts.

Headquarters: New Bremen, Ohio, USA
Estimated Number of Dealers: 500+ in over 80 countries
Market Share: Approximately 7% global market share
Key Product Lines: Crown RC Series, Crown FC Series, Crown WAV Series
Recent Innovation: V-Force Lithium-Ion Energy Storage System

5. Mitsubishi Logisnext

Mitsubishi Logisnext combines brands like Cat Lift Trucks, Nichiyu, and Unicarriers to offer a broad range of solutions. They focus on reliable, energy-efficient products, from electric forklifts to combustion engine models, with a strong reputation in electric forklift technology.

Headquarters: Kyoto, Japan
Estimated Number of Dealers: Around 800 globally
Market Share: Approximately 10% global market share
Key Product Lines: Mitsubishi EDiA, Cat GP25N, UniCarriers TX Series
Recent Innovation: Automated guided forklifts (AGFs) for warehouse automation

6. Jungheinrich

Jungheinrich is a major German manufacturer specializing in electric forklifts and integrated warehousing systems. Known for its pioneering work in lithium-ion battery technology, Jungheinrich focuses on sustainability and innovation. It offers comprehensive solutions for intralogistics, making it a leader in smart warehouse setups.

Headquarters: Hamburg, Germany
Estimated Number of Dealers: 400+ globally
Market Share: Approximately 6% global market share
Key Product Lines: EFG Series, EKS Series, ETV Series
Recent Innovation: POWERLiNE lithium-ion technology for extended operational times

7. Komatsu Forklift

Komatsu, a company renowned for its heavy equipment, extends its expertise to forklifts, offering a durable line of industrial trucks designed for demanding environments. Known for low maintenance costs and efficiency, Komatsu forklifts are favored in industries like construction and mining.

Headquarters: Tokyo, Japan
Estimated Number of Dealers: Around 300 globally
Market Share: Approximately 4% global market share
Key Product Lines: AE50 Series, BX50 Series, WA Series Wheel Loaders
Recent Innovation: Hydrogen fuel cell forklifts for zero-emission operations

8. Hyundai Heavy Industries

Hyundai Heavy Industries offers a diverse range of material handling equipment, including electric, diesel, and LPG forklifts. Their forklifts are known for competitive pricing and reliability, making them popular in industries requiring durable, cost-effective solutions.

Headquarters: Seoul, South Korea
Estimated Number of Dealers: Around 300 globally
Market Share: Approximately 3% global market share
Key Product Lines: 9 Series, 30/33D-9 Series, 15BT-9 Series
Recent Innovation: Telematics systems for real-time fleet management

9. Doosan Industrial Vehicles

Doosan produces rugged forklifts suited for harsh working environments. Their vehicles are designed for high performance and easy maintenance. As demand for eco-friendly solutions grows, Doosan is expanding its electric forklift line to meet these needs.

Headquarters: Incheon, South Korea
Estimated Number of Dealers: 200-250 globally
Market Share: Approximately 3% global market share
Key Product Lines: Pro-5 Series, 7 Series, BR Series
Recent Innovation: B45X-7 Series with advanced ergonomics and safety features

10. Anhui Forklift Group (HELI)

Anhui Forklift Group, also known as HELI, is one of China's largest forklift manufacturers. It offers a broad portfolio of forklifts at competitive prices, including electric, diesel, and LPG-powered models. HELI is rapidly growing its global presence.

Headquarters: Hefei, Anhui Province, China
Estimated Number of Dealers: Over 1,000 globally
Market Share: Approximately 2% global market share
Key Product Lines: G Series, K Series, H Series
Recent Innovation: Smart, connected forklifts with IoT capabilities

11. Clark Material Handling

Clark is credited with inventing the modern forklift and continues to innovate in both electric and combustion-powered models. Known for their rugged designs, Clark’s global dealer network provides comprehensive support across industries.

Headquarters: Lexington, Kentucky, USA
Estimated Number of Dealers: 500+ globally
Market Share: Approximately 2% global market share
Key Product Lines: S-Series, GEX Series, PWX Series
Recent Innovation: CLARK Smart Fleet telematics system

12. Hangcha Group

Hangcha is a leading Chinese manufacturer, offering electric, diesel, and LPG forklifts. With a growing global footprint, Hangcha is recognized for producing high-quality forklifts at competitive prices, driving improvements in sustainability and technology.

Headquarters: Hangzhou, Zhejiang Province, China
Estimated Number of Dealers: More than 700 globally
Market Share: Approximately 2% global market share
Key Product Lines: XF Series, A Series, J Series
Recent Innovation: Lithium-ion powered pallet trucks for improved energy efficiency

13. Nichiyu (Part of Mitsubishi Logisnext)

Nichiyu is known for eco-friendly, emission-free equipment, specializing in electric forklifts. As part of Mitsubishi Logisnext, Nichiyu integrates advanced battery technology and energy-efficient systems to meet the growing demand for greener solutions, particularly in indoor and warehouse applications.

Headquarters: Kyoto, Japan
Estimated Number of Dealers: Part of Mitsubishi's global dealer network of 800
Market Share: Included in Mitsubishi Logisnext’s market share
Key Product Lines: FBT Series, FBRF Series, FBR Series
Recent Innovation: Regenerative braking systems for improved energy efficiency

14. Kalmar (Cargotec Corporation)

Kalmar, part of Cargotec Corporation, specializes in heavy-duty forklifts and material handling solutions for ports and industrial logistics. Kalmar is a container handling and automation leader, offering robust forklifts and reach stackers for extreme environments.

Headquarters: Helsinki, Finland
Estimated Number of Dealers: Around 200 globally
Market Share: Approximately 1% global market share (in the general forklift market)
Key Product Lines: DCG Series, ECG Series, Kalmar FastCharge™
Recent Innovation: Fully electric reach stackers for port operations

15. Manitou

Manitou is known for its rough-terrain forklifts and telehandlers, which cater to agriculture, construction, and heavy industry industries. With a focus on rugged material handling solutions, Manitou excels in outdoor and challenging environments.

Headquarters: Ancenis, France
Estimated Number of Dealers: 1,400 in over 140 countries
Market Share: Approximately 1% global market share (in the general forklift market)
Key Product Lines: MH Series, MI Series, ME Series
Recent Innovation: The Oxygen Line, focusing on electric and hybrid rough terrain handling equipment

16. Lonking Forklift

Lonking, a Chinese manufacturer, offers cost-effective material handling equipment, targeting industries looking for durable and budget-friendly solutions. Lonking forklifts are gaining popularity due to their robustness and affordability, particularly in regions with budget constraints.

Headquarters: Shanghai, China
Estimated Number of Dealers: 500+ globally
Market Share: Approximately 1% global market share
Key Product Lines: FD/FG Series, LG Series, CDM Series
Recent Innovation: Smart diagnostic systems for improved maintenance

17. Tailift (Part of Toyota Industries)

Tailift produces reliable and economical forklifts, catering to businesses that need dependable material handling equipment without breaking the budget. Since joining Toyota Industries, Tailift has integrated Toyota’s technology and quality control, expanding its market share in Asia and globally.

Headquarters: Taichung, Taiwan
Estimated Number of Dealers: Around 100-150 globally
Market Share: Included in Toyota’s market share
Key Product Lines: Z-Series, FB-Series, FG/FD-Series
Recent Innovation: Integration of Toyota’s System of Active Stability (SAS) in select models

18. EP Equipment

EP Equipment is a global leader in electric forklifts, pallet trucks, and material handling solutions. Known for its innovation in lithium-ion battery technology and compact designs, EP Equipment focuses on delivering environmentally friendly and efficient solutions, particularly for warehouse applications.

Headquarters: Anji, Zhejiang Province, China
Estimated Number of Dealers: 300+ globally
Market Share: Approximately 0.5% global market share
Key Product Lines: EPL Series, EPT Series, ES Series
Recent Innovation: AI-driven route optimization for automated guided vehicles (AGVs)

19. Unicarriers (Part of Mitsubishi Logisnext)

Unicarriers, part of Mitsubishi Logisnext, provides a comprehensive range of forklifts and material handling solutions. Unicarriers focuses on improving operational efficiency and productivity with cutting-edge products backed by innovation from both companies.

Headquarters: Tokyo, Japan
Estimated Number of Dealers: Included in Mitsubishi’s global network of 800
Market Share: Included in Mitsubishi Logisnext’s market share
Key Product Lines: TX Series, BX Series, WLX Series
Recent Innovation: Tergo URS reach truck with 360-degree steering

20. Raymond Corporation (Part of Toyota Industries)

Raymond Corporation specializes in warehouse automation and electric forklifts, focusing on narrow-aisle forklifts. As a subsidiary of Toyota Industries, Raymond's innovations in optimizing warehouse space and operational efficiency have bolstered their market position, particularly in North America.

Headquarters: Greene, New York, USA
Estimated Number of Dealers: Over 500 globally
Market Share: Included in Toyota’s market share
Key Product Lines: Model 7000 Reach-Fork® Truck, Model 4250 Stand-up Counterbalanced Truck, Model 8210 Pallet Truck
Recent Innovation: iWAREHOUSE® fleet management and warehouse optimization system

21. Combilift

Combilift specializes in multi-directional forklifts and long-load handling solutions. Their innovative designs cater to industries such as lumber, metals, and manufacturing, where handling oversized or long loads is challenging.

Headquarters: Monaghan, Ireland
Estimated Number of Dealers: Over 300 globally
Market Share: Approximately 0.5% global market share (niche market leader)
Key Product Lines: C-Series, Combi-CB, Aisle Master
Recent Innovation: Combi-CS pedestrian stacker for improved safety in narrow aisles

22. Svetruck

Svetruck is a Swedish manufacturer known for its heavy-duty forklifts and container handlers. They focus on providing reliable equipment for demanding industries like ports, forestry, and heavy manufacturing.

Headquarters: Ljungby, Sweden
Estimated Number of Dealers: Around 50 globally
Market Share: Less than 0.5% global market share (niche market player)
Key Product Lines: 13.6-120 Series, 28-32 Series, 42-120 Series
Recent Innovation: Hybrid diesel-electric powertrains for reduced fuel consumption and emissions

23. Heli Forklift America

Heli Forklift America, the North American division of Anhui Heli Co., Ltd (HELI), offers a wide range of forklifts. The division focuses on providing cost-effective solutions while maintaining high quality and performance standards, expanding its footprint in the North American market.

Headquarters: Memphis, Tennessee, USA (North American headquarters)
Estimated Number of Dealers: Over 100 in North America
Market Share: Included in HELI’s global market share
Key Product Lines: CPYD Series, CPD Series, CBD Series
Recent Innovation: Lithium-ion battery options for electric forklifts

24. Liebherr

Although Liebherr is best known for construction equipment, it also manufactures heavy-duty material handling equipment such as forklifts for specialized industrial and port applications. Their machines are engineered for durability and high performance in demanding environments.

Headquarters: Biberach an der Riss, Germany
Estimated Number of Dealers: Part of Liebherr’s global network of over 140 companies
Market Share: Less than 0.5% in the general forklift market (stronger in specialized heavy-duty equipment)
Key Product Lines: LRS Log Handler, TL Telehandler, LH Material Handler
Recent Innovation: Electric drive systems for large material handlers, reducing emissions in port operations

The future is bright for companies that invest in these technologies today.

Conclusion:

The forklift industry is transforming remarkably, with leading manufacturers like Toyota, KION Group, and Hyster-Yale at the forefront. Through technological advancements such as electric forklifts, AI-driven maintenance, and automation, these companies are redefining what it means to manage material handling efficiently and sustainably.

By embracing these innovations, businesses can improve their bottom line and future-proof their operations against the growing demands of global logistics. The future is bright for companies that invest in these technologies today, setting themselves up for long-term success.

"The businesses that stay ahead are the ones that see the potential in the latest technology and sustainability efforts," says John Buttery. "Forklift manufacturers are offering more than just equipment—they're offering the tools to drive global growth and operational excellence."

The opportunities have never been better for those ready to grow and compete in new markets.

My Perspective:

Having worked across various industries that rely on forklifts, I’ve seen firsthand how innovations in this field can transform a business. Forklifts may seem like a simple part of the supply chain, but new technologies have become crucial tools for efficiency and sustainability. Whether switching to electric models or implementing AI systems, these advances offer tangible benefits in both cost savings and productivity.

The companies leading the charge—like Toyota, KION, and Hyster-Yale—are not just improving their products; they’re offering complete solutions for businesses aiming for global expansion and operational excellence. The opportunities have never been better for those ready to grow and compete in new markets.

About the Author

John Buttery is an experienced business executive specializing in revenue growth, market-entry, and product launches across industries such as geospatial, agriculture, and industrial equipment. With a deep understanding of material handling and logistics, John has successfully guided businesses through strategic partnerships, new product introductions, and global expansion. He is known for his ability to leverage innovation, industry insights, and a collaborative leadership style to drive measurable results.

Forklifts are important for sustainability, driving business growth.

Description - Learn how top forklift manufacturers like Toyota, KION, and Hyster-Yale innovate with electric forklifts, automation, and AI-driven systems to revolutionize material handling. Discover the global partnerships and technological advances reshaping the future of logistics.

Summary - Leading forklift manufacturers like Toyota, KION Group, and Hyster-Yale are driving major innovations in material handling. With electric forklifts, AI-powered systems, and global dealer networks, they are helping businesses optimize logistics, improve sustainability, and expand into new markets.

Keywords - forklift manufacturers, material handling solutions, electric forklifts, warehouse automation, global dealer networks, AI-driven maintenance, sustainability, Toyota forklifts, business growth, logistics innovation, AMR, autonomous mobile robots, AGV

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Electric and AI-powered forklifts are shaping the future.

Top 24 Forklift Manufacturers: Driving the Future of Global Material Handling - How Leading Manufacturers Are Revolutionizing Logistics Through Innovation and Sustainability.
♦️ Toyota, KION, and Hyster-Yale lead forklift innovation
♦️ Electric and AI-powered forklifts shaping the future
♦️ Global partnerships and dealer networks offer local support
♦️ Automation and sustainability driving business growth
♦️ Investing in advanced forklift technologies
♦️ Ensuring operational excellence and future success.
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#forklifts #materialhandling #logistics #businessgrowth #ToyotaMaterialHandling #KIONGroup #HysterYale #AI #sustainability #globalexpansion #electricforklifts #automation #innovation #AMR #autonomousmobilerobots #AGV

Top 24 Forklift Manufacturers: Driving the Future of Global Material Handling