As an accredited forklift training provider, we like to stay up to date with industry trends and keep a close eye on the different forklift manufacturers to see which ones are staying ahead of the curve in providing the best equipment to help our clients keep their businesses productive and safe.
With that in mind, we’ve compiled a list of the Top Ten Best Selling Forklift Brands Worldwide based on overall sales. It may come as no surprise to hear that Linde forklift trucks are a top seller in the UK, but the popularity of the forklift manufacturer does vary in different parts of the world.
The biggest selling forklift brand in Europe and the UK is Linde material Handling, but with demerger carried out in the past, they are now part of the Kion Group, which rank number 2 in the list for forklift sales worldwide.
The Japanese giant BT / Toyota who proved themselves in offering super-efficient, low maintenance forklifts that can achieve improved manoeuvrability and easier access make them a popular choice worldwide.
Likewise, the top-rated American brand, Hyster-Yale have a large following, not just in the US but also in the UK, the Middle East and South America, thanks to their flexibility of offering both petrol and diesel options ensuring they cover a wide range of preferences across the global markets.
Below we’ve added a few more details about each of the top 10 forklift manufacturers base on sales revenue figures produced over the last couple of years.
Forklift Brands Worldwide
No. 1: Toyota Material Handling
Since the first forklift was produced in 1939 they have become well known across the world for their robust and reliable equipment offering high-quality in both comfort and use.
In addition to producing material handling equipment, Toyota is also a well-known brand producer of domestic vehicles, automotive air conditioning equipment, electronic parts, as well as textile machinery.
Toyota Industries Corp declared revenues of $19.98 billion for the annual accounting period to 2020, and has been the world’s largest material handling lift truck manufacturer for more than a decade.
No. 2: The Kion Group / Linde Forklift Trucks
With facilities in 100 countries and a total of 35,000 employees, The Kion Group is made up of several forklift truck brands including Linde, who have a combined history dating back as far as 1819. Revenue reported in 2019 for the material handling division came to $7.18 billion which represents a more than 5% increase compared to past revenue figures.
No. 3: Jungheinrich Group
From the humble beginnings of being a small import/ export business in 1899 Jungheinrich Group has grown over the last 65 years to become the 3rd largest logistics company in the world. The German manufacturer reported a total of $4.56 billion revenue in 2019 which was also an increase on reported sales for 2018.
No. 4: Mitsubishi Forklift Trucks
The Mitsubishi Forklift Trucks brand was first formed in 1992 in a joint venture with Caterpillar Inc. Since then this Japanese producer has merged with its subsidiary UniCarriers Corporation. Reported Sales for the fiscal year 2018 came to $4.12 billion and in 2019, $4.26 billion sales were achieved.
No. 5: Crown Lift Trucks
US manufacturer, Crown Equipment Corporation, first manufactured temperature controls furnaces and television antenna rotators, before diversifying into their niche in the material handling industry. Crowns reported revenue of $3.5 billion in 2019 for material handling equipment sales making them the 5th largest manufacturer worldwide.
No. 6: Hyster Yale Material Handling
The origins of Hyster-Yale Materials Handling Inc.lie in the Hyster Company and the Yale Materials Handling Corporation, and it has been trading as a stand-alone company since 2002. Hyster-Yale Materials Handling has been listed as a Fortune 1000 company in 2014, 2015 and 2016. Reported revenue for the financial year 2019 was $3.3 billion, which sees them with a rise in revenue from 2018 of 3%
Number 7: Anhui Heli Co.
Anhui Heli is the largest of all the Chinese forklift truck producers. Their declared revenues of $1.44 billion in 2019, was pretty much the same as the previous year, when in 2018 they reported revenue of $1.4 billion.
Number 8: Hangcha Group
Another Chinese manufacturer Hangcha Group, produce a total of 150 different models of forklift truck, which are designed for easy maintenance and with an aim to be low on upkeep costs. The company had revenues of $1.28 billion, which was also very close to the previous year’s figures of $1.27 billion in sales.
Number 9: Komatsu Ltd
Komatsu broke into the forklift truck industry in the early 2000s while working with the German-based Linde Group, which led to the Komatsu Forklift Manufacturing (China) Co., Ltd being founded in 2004, to produce forklift trucks in China. Komatsu reported revenues of $1.25 billion in lift truck sales for the fiscal year of 2020.
Number 10: Clark Forklift Trucks
With production facilities on four continents, Clark Material Handling has a good hold in the field of forklift manufacturing.
Founded in the USA towards the end of the first world war, employees of the Clark company built their own “Tructractor” for moving parts to different areas of the factory. So impressed by this were the customers of the Clark Equipment Company that they asked for models to be made for themselves.
Since then annual sales have continued to grow with reported sales in 2019 of $783 million placing them 10th biggest forklift manufacturer in the world.
Over the years, our experience in forklift training has shown us that brand loyalty is very strong within industries that require the use of various types of lift trucks. However, a powerful influence ahead of the choice of manufacturer is likely to be getting the right machine for the task in hand, especially for independent companies and end-users.
We know from speaking to our own customers, that they increasingly expect higher levels of performance and the application of new technology to increase accuracy and productivity. And this desire filters through to the level of training they require from us for their operatives.
So, if you want to maximise the productivity of your forklift truck workforce while ensuring they are well versed in best practice and safety measures, you’ve come to the right place – contact us on email@example.com or 01438 222157 to discuss your forklift training needs.