Top 10 Forklift Brands in the World

Usually, forklifts are also considered lift trucks. Other material handling equipment for different use cases comprises counterbalance forklifts, reach trucks, pallet trucks, stackers, etc. 

According to Global Market Insight, the forklift market in the world exceeded USD $50 billion in value for the year 2019, and an estimated total of 1.5 million units of forklifts was sold. With the rise in the expansions of new warehouses and distribution centers by leading e-commerce players, it is expected to push the forklift market to grow an estimated 10.6% CAGR from 2020 – 2026. Currently, it is estimated that around 400 forklift manufacturers in the world are competing for a piece of this cake.

The most comprehensive forklift rental guide is here

So, what are the Top 10 Forklift Brands in the world?

1. Toyota 

Comfortably in the lead as the world’s largest lift truck manufacturer, Toyota is the most famous forklift brand in the world. They are owned by Toyota Industries Corp. and based in Kariya, Aichi, Japan. 

2. Linde

The No. 2 forklift brand in the world is owned by KION Group. Based in Frankfurt, Germany, KION Group is also made up of several other lift truck brands other than Linde. This includes STILL, Fenwick, Baoli, OM STILL, and Voltas. 

3. Jungheinrich 

Known for its high quality of electric series forklifts, the Jungheinrich brand is owned by Jungheinrich Group, based in Hamburg, Germany. They are in the top 3 most famous forklift brands in the world.

4. Mitsubishi 

A well-known Japanese brand, Mitsubishi is owned by Mitsubishi Logisnext Co. Ltd. The company was formed through the integration of Mitsubishi Nichiyu Forklift Co. Ltd. and its subsidiary, UniCarriers Corp. 

5. Crown 

The most well-known forklift brand from the US, Crown is owned by Crown Equipment Corp., a privately-held company based in the US.

6. Hyster

A brand owned by Hyster-Yale Materials Handling Inc., based in the US. The company is the result of the merger between both Hyster and Yale branded lift trucks.

7. Heli

Heli is one of the top Chinese forklift brands in the world. The brand is owned by Anhui Heli Co. Ltd., based in Hefei, China.

8. Hangcha 

Another well-known Chinese brand, Hangcha is owned by Hangcha Group, based in Hangzhou, China.

9. Komatsu

Another well-known Japanese forklift brand, they are owned by Komatsu Ltd., is based in Tokyo, Japan. The company is also known for its high-quality construction, mining, and utility equipment. 

10. Clark Material Handling

Clark is based in the US and owned by Clark Material Handling. The company has been a supplier of forklifts for over 100 years. 

Looking to rent a forklift? Visit antbuildz.com  today to check for the best forklift equipment rate instantly, compare and rent in just a few clicks. Every forklift rental that you made online via antbuildz.com has protected with Antbuildz Machinery All Risk which covers your equipment risk up to S$15,000 during your entire rental period.