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World’s Leading Forklift Brands Based on 2024 MMH Data

Top 10 Forklift Manufacturers – 2024 Horizontal Comparison Table

2024 Global Forklift Manufacturer Rankings

Material handling vehicles play an increasingly vital role across manufacturing, logistics, warehousing, and distribution. Globally, 50% of forklifts are used in manufacturing, 30% in logistics, and the remaining 20% across other industrial applications.
According to the World Industrial Truck Statistics (WITS), total global forklift sales reached 2.1 million units in 2023, with projections of 2.26 million units in 2024. These figures reflect growing demand for efficient and reliable material handling vehicles.
The following ranking is based on Modern Materials Handling’s 2024 global Top 20 lift truck suppliers (MMH Source).
Rank Manufacturer Headquarters Key Strengths Notable Technology Focus
1 Toyota Industries Corp. Japan Industry leader in durability and global scale Electric & hybrid forklifts, energy efficiency
2 KION Group AG Germany Owns Linde & STILL; strong global presence Lithium, automation, AGVs
3 Jungheinrich AG Germany Leading in electric & warehouse automation Smart warehouse systems, lithium integration
4 Crown Equipment Corp. USA Ergonomic design and advanced battery systems Long-life batteries, logistics optimization
5 Mitsubishi Logisnext Japan Broad product line, sustainable focus in Asia-Pacific New energy forklifts, lithium-ion systems
6 Hyster-Yale Materials USA Rugged high-capacity machines for heavy industry Large-load IC trucks, port handling
7 Anhui Forklift Group (Heli) China China’s largest brand, competitive pricing Electric forklifts for global markets
8 Hangcha Group Co. China Fast growth, hydrogen/electric product lines Multi-energy forklifts, OEM customization
9 Doosan Bobcat South Korea Heavy-duty build, strong in construction/logistics sectors Diesel & electric forklifts
10 Clark Material Handling USA Classic reliability and global distribution network Value-driven electric lift trucks

🏆 Top 10 Forklift Manufacturers in 2024

1. Toyota Industries Corporation

Toyota remains the world leader in forklift manufacturing, known for exceptional reliability, safety, and advanced energy-efficient technologies. Toyota’s electric and internal combustion forklifts are widely used in demanding industrial settings.

2. KION Group AG

Headquartered in Germany, KION owns renowned brands such as Linde and STILL. The group is known for comprehensive solutions across electric and automated material handling vehicles, with a strong global footprint.

3. Jungheinrich AG

Another German powerhouse, Jungheinrich specializes in electric forklifts and warehouse automation. Its products are highly efficient and integrated with smart systems, making them ideal for high-throughput logistics operations.

4. Crown Equipment Corp.

Based in the United States, Crown is recognized for ergonomic design and battery technology innovations. Its lift trucks are favored by logistics companies and e-commerce warehouses for long-term reliability.

5. Mitsubishi Logisnext

A key player in the Asia-Pacific region, Mitsubishi offers a diverse portfolio of electric and internal combustion forklifts, with increasing focus on sustainability and lithium battery integration.

6. Hyster-Yale Materials Handling

Known for rugged and high-capacity forklifts, Hyster-Yale serves ports, heavy manufacturing, and large distribution centers, particularly across North America.

7. Anhui Forklift Group Co.

Also known as Heli, Anhui Forklift is China’s largest forklift manufacturer, providing cost-effective and reliable solutions tailored to domestic and international markets.

8. Hangcha Group Co.

Hangcha offers a broad product range—including electric, diesel, and hydrogen-powered forklifts. Its rapid development and flexible customization make it competitive globally.

9. Doosan Bobcat

Korea-based Doosan Bobcat delivers heavy-duty lift trucks suited for construction and industrial applications. The brand is expanding its global reach, especially in Southeast Asia and the Middle East.

10. Clark Material Handling

Clark, one of the oldest names in the industry, continues to serve global markets with a solid lineup of standard-duty forklifts and warehouse vehicles, focusing on value and simplicity.

📊 Industrial Material Handling Vehicles Trends

Material handling vehicles, especially electric forklifts, are rapidly overtaking traditional internal combustion models. As reported by WITS, electric forklift sales have surged from 534,700 units in 2013 to 1.544 million units in 2023, with a compound annual growth rate (CAGR) of 11.19%. In contrast, internal combustion forklift sales only grew from 454,100 to 593,500 units, a CAGR of 2.71%.
This shift reflects a broader industry transition toward sustainability, automation, and lower operating costs.
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🧭 Summary

As the global forklift market evolves, leading brands are innovating to meet the demands of energy efficiency, automation, and smart logistics. The continued rise of material handling vehicles, especially electric-powered models, is shaping the future of global supply chains.

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