The Most Popular Manufacturers Of Forklifts
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As an accredited forklift training provider, staying abreast of industry trends and the leading forklift manufacturers is essential to ensure our clients receive the best equipment for their businesses. Here’s a detailed compilation of the top ten best-selling forklift brands globally, based on overall sales figures:
1. Toyota Material Handling
Toyota Material Handling stands as the epitome of reliability and quality since its inception in 1939. Renowned for robust and dependable equipment, Toyota’s forklifts offer superior comfort and functionality. With reported revenues of $19.98 billion in 2020, Toyota remains the world’s largest material handling lift truck manufacturer for over a decade.
2. The Kion Group / Linde Forklift Trucks
The Kion Group, comprising brands like Linde, boasts a rich history dating back to 1819. With operations in 100 countries and over 35,000 employees, Kion reported material handling revenues of $7.18 billion in 2019, solidifying its position in the global forklift market.
3. Jungheinrich Group
From its humble beginnings in 1899, Jungheinrich has grown to become the third-largest logistics company globally. With reported revenues of $4.56 billion in 2019, Jungheinrich continues to excel in providing top-notch material handling solutions.
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4. Mitsubishi Forklift Trucks
A joint venture with Caterpillar Inc. in 1992 led to the formation of Mitsubishi Forklift Trucks. With reported sales reaching $4.26 billion in 2019, Mitsubishi’s forklifts are known for their reliability and efficiency.
5. Crown Lift Trucks
Crown Equipment Corporation, a US-based manufacturer, specializes in material handling equipment. With reported revenues of $3.5 billion in 2019, Crown stands as a leading player in the global forklift market.
6. Hyster Yale Material Handling
Formed in 2002, Hyster-Yale Materials Handling Inc. has established itself as a Fortune 1000 company. With reported revenues of $3.3 billion in 2019, Hyster Yale continues to innovate and excel in the material handling industry.
7. Anhui Heli Co.
As the largest Chinese forklift truck producer, Anhui Heli reported revenues of $1.44 billion in 2019, reflecting its significant presence in the global market.
8. Hangcha Group
Hangcha Group, another prominent Chinese manufacturer, offers a wide range of forklift trucks designed for easy maintenance and low upkeep costs. With revenues of $1.28 billion in 2019, Hangcha continues to make its mark in the industry.
9. Komatsu Ltd
Komatsu entered the forklift industry in the early 2000s and reported revenues of $1.25 billion in 2020. With a focus on quality and innovation, Komatsu is a key player in the global forklift market.
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10. Clark Forklift Trucks
Founded in the USA during the first world war, Clark Material Handling has a long-standing reputation for quality and reliability. With reported sales of $783 million in 2019, Clark continues to be a major player in the global forklift industry.
11. Typhon Forklifts
Typhon Forklifts introduces a new era of efficiency and performance in material handling with its innovative range of forklifts. With cutting-edge technology and unparalleled reliability, Typhon forklifts offer a seamless solution for various industrial applications.
These new forklift models exemplify the industry’s commitment to innovation and excellence, providing businesses with advanced solutions to enhance productivity and safety in their operations.
Emerging Trends: 2023 Forklift Innovations
The forklift industry is witnessing continuous innovation and technological advancements, with new models entering the market to meet evolving demands. In 2023, several new forklift models have been introduced, showcasing enhanced features and capabilities.
Conclusion
The global forklift market continues to evolve, driven by technological advancements and changing customer needs. With a diverse range of manufacturers offering innovative solutions, businesses have ample opportunities to invest in high-quality forklifts tailored to their specific requirements. Typhon Forklifts, alongside other leading brands, represents the forefront of innovation in the industry, ensuring businesses have access to top-tier equipment to drive their operations forward. Stay tuned for further updates on emerging trends and developments in the forklift industry.
