According to forecasts, the global Forklift Truck Market will grow at a CAGR of 4.02% from 2019 to 2027, reaching US$ 25.04 billion. In the industrial setting, forklift trucks are used for lifting. These forklift trucks are used to move products from one location to another. Forklift trucks are primarily used in the manufacturing and warehouse sectors of the economy because they make it easier to transport bulky goods to multiple locations quickly and thus speed up production.
Leading Companies in the Leading Companies in the:
1. Toyota Industries Corporation
TI Corporation is a Japanese manufacturer of machinery. It is the business from which Toyota Motor Corporation was created. The company was originally and is still a manufacturer of automatic looms. In terms of revenue, it is the biggest forklift truck manufacturer in the world.
In a CDP survey, Toyota Industries Corporation receives the highest rating.
2. Kion Group AG
The headquarters of the German materials handling equipment manufacturer Kion Group AG are in Frankfurt, Hesse. Intralogistics, warehouse automation equipment, and industrial trucks are its main offerings.
KION Group Will Create and Market Its Own Fuel Cell Truck Systems.
3. Jungheinrich AG
The material handling equipment, warehousing, and material flow engineering industries are where Jungheinrich AG operates in Germany. The company is ranked third globally and second in Europe in these segments.
Successfully releasing an ECP commercial paper programme is Jungheinrich.
4. Hyster-Yale Materials Handling, Inc.
Through its wholly owned operating subsidiary, Hyster-Yale Group, Inc., Hyster-Yale Materials Handling, Inc. designs, engineers, manufactures, sells, and services a broad range of lift trucks and aftermarket parts that are marketed internationally primarily under the Hyster and Yale brand names.
5. Crown Equipment Corporation
Crown Equipment Corporation is the fifth-largest producer of powered industrial forklift trucks worldwide and is a privately held, family-run business in the United States. For the fiscal year 2021, Crown generated $4.01 billion in worldwide sales revenue.
6. Mitsubishi Nichiyu Forklift Co., Ltd.
Mitsubishi Heavy Industries (MHI) and several of its Mitsubishi Caterpillar Forklifts subsidiaries, including MCFE Mitsubishi Caterpillar Forklift Europe, MCFA Mitsubishi Caterpillar Forklift America, MLAP Mitsubishi Logisnext Asia Pacific, and MCFC Mitsubishi Caterpillar Forklift, manufacture and distribute a variety of materials handling products under the name Mitsubishi Forklift Trucks (Shanghai).
7. UniCarriers Americas Corporation
Forklifts sold and supported by UCA are UniCarriers-branded, and older products supported by UCA are Nissan Forklift, TCM, Atlet, and Barrett-branded. With more than 250 locations throughout North, Central, and South America, UniCarriers Americas, with its headquarters in Marengo, Illinois, has a network of more than 130 authorised dealerships.
8. Anhui Heli Company Limited
China's Heli is a manufacturer of construction equipment best known for its forklifts. According to a ranking by 2018 sales revenue created by Modern Materials Handling, Heli is the largest manufacturer in China and the 7th largest in the world with about US$1 billion in forklift turnover.
*Definition: A powered industrial truck called a forklift is used to lift and transport materials over short distances. Several businesses, including Yale & Towne Manufacturing and Clark, which made hoists and transmissions, collaborated to develop the forklift at the beginning of the 20th century.
