Table of Contents
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.
🧭 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.
Featured Forklift LiFePo4 Battery
48V Forklift Battery
Forklift Lithium Battery 51.2v 404Ah for Still FM-X
48V Forklift Battery
48V 519Ah Lifepo4 Lithium Battery for Heli CPD20/25-GB2/GD Forklift
80V Forklift Battery
80V 404Ah Lifepo4 Lithium Battery for CPD30/35-G1/G3 Forklift
80V Forklift Battery
80V 560AH Lifepo4 Lithium Battery for HELI CPD35-GD2
80V Forklift Battery
80V 600Ah LiFePO4 Lithium Battery for NICHIYU FBC25/30P Forklift
48V Forklift Battery
48V 201Ah Lifepo4 Lithium Battery for NICHIYU FBRM13H-70 Reach Truck
48V Forklift Battery
48V 225Ah Lifepo4 Lithium Battery for HYUNDAI 10/13BR Forklift
Forklift LiFePo4 Battery
48V 230Ah Lifepo4 Lithium Battery For HYUNDAI 18BR-7/9 Reach Truck