The global forklift market has shown steady growth over the past decade. Forklift sales exceeded $50 billion worldwide in 2019, and they are projected to increase at a compound annual growth rate of 10.5% between 2020 and 2026. In addition, global shipments of forklifts are expected to surpass 3 million by 2026.
- Viper Lift Trucks Reviews
- Best Forklifts On The Market
- Best Forklifts 2020 Reviews
- Electric Forklift Brands
- Best Forklift 2020 Reviews
- What Are The Best Forklifts
2021 could be a big year for forklift manufacturers, too. To understand why, let’s consider factors that could help the global forklift market grow.
The global forklift market has shown steady growth over the past decade. Forklift sales exceeded $50 billion worldwide in 2019, and they are projected to increase at a compound annual growth rate of 10.5% between 2020 and 2026. In addition, global shipments of forklifts are expected to surpass 3 million by 2026.
Sep 30, 2020 Miami, Florida - ( NewMediaWire) - September 29, 2020 - The forklift industry is not like it was a few decades ago In fact, there are several major forklift manufacturers out there nowadays, each of which builds unique and innovative lifts for different types of jobs. This can make narrowing down your choices as a buyer a bit difficult. Sep 27, 2020 Top forklift manufacturers 2020 If you’re considering adding new products to your fleet of forklifts, you may feel overwhelmed by the decisions you have to make. Because there are so many forklifts on the market —which vary in size, power, price, capacity, energy efficiency, and much more— one of the best ways to start narrowing down your. ATOMS is an entertainment channel and the number one destination for amazing, original content. There, you can find the video about sports, human talent, the. Clark – Class 3 (Electric motor hand trucks or hand/rider trucks) Clark’s electric forklifts sweeps the.
What Factors Will Drive the Growth of Forklift Companies Going Forward?
Forklifts are in high demand in many industries, including:
- Transportation and logistics
- Retail and e-commerce
- Manufacturing
- Food and beverage
Going forward, the top forklift brands look poised to use state-of-the-art tools and technologies to enhance their products. These brands will drive the growth of the global forklift market and ensure businesses can use their products to become more productive and efficient than ever before.
Top Forklift Manufacturers of 2021
Many changes are taking place in the forklift sector. Some manufacturers have merged. Others are bringing different technologies together under one roof to provide one-stop shopping for customers. Despite these changes, the leading forklift manufacturers list contains mostly the same players from the previous year.
1. Toyota
This should come as no surprise to anyone. Toyota has been the leading forklift manufacturer for many years. They show no signs of losing their top ranking. Known for their quality and reliability, Toyota offers electric trucks in a variety of models.
2. KION Group
Kion Group is another fixture on the top forklift manufacturer’s list. It sells two brands of lift trucks: Linde and Baoli. Linde has been a leader in material handling equipment for over 150 years. It serves the North American market. Baoli sells trucks in the international market. Its products include diesel, gas, liquid propane and electric trucks.
3. Jungheinrich Group
Based in Germany, Jungheinrich offers electric forklifts and lift trucks sold in North America by more than 400 dealers. Jungheinrich’s product line includes counterbalanced and lithium-ion trucks. This top forklift manufacturer also offers order pickers, turret and reach trucks, tow tractors, walkie stackers, and more.
4. Mitsubishi Logisnext
This forklift manufacturer formed as a result of the merger between Mitsubishi Nichiyu Forklift and UniCarriers Corp. It offers six brands of lift trucks: Mitsubishi Forklift Trucks, UniCarriers, Nichiyu Electric Forklift, CAT Lift Trucks, TCM, and Rocla.
5. Hyster-Yale Materials Handling (HYMP)
HYMP is the parent company of the Hyster and Yale forklift brands and consistently ranks among the leading global lift truck brands. It continues to explore ways to grow its business in Eastern Europe, Asia-Pacific, Latin America, and China.
6. Crown Equipment
Crown Equipment is a privately held company based in Ohio that specializes in electric trucks. It offers a wide range of models, including counterbalance, very narrow aisle, and reach trucks. Crown also provides order pickers, stackers and tow trucks.
7. Anhui Heli Forklift
Based in China, Anhui Heli has led the Chinese market for nearly 30 years in a row. Anhui Heli offers a mix of IC, electric, and lithium battery trucks. It also offers empty container stackers, wheel loaders, tractors, forklift attachments, and more.
8. Komatsu
Anne of green gables 123movies. Komatsu is the second-largest manufacturer in the world, with 25 plants around the globe. The company’s forklift division specializes in IC pneumatic, electric riders, IC cushion, and narrow aisle forklifts.
9. Hangcha Group
Hangcha has been making forklifts for more than 50 years. It produces IC and electric trucks, including an explosion-proof model.
10. Clark Material Handling
Clark built their first “Tructractor” in 1917. More than a century later, they offer five major lines. These include LPG, gasoline, dual fuel, diesel, electric riders, and powered hand trucks.
Which Forklift Brands Prioritize Workplace Safety?
Forklift companies develop their products with safety top of mind. In doing so, they ensure businesses can purchase lifts that their workers can use to safely perform a variety of tasks.
It often helps to learn about a forklift’s safety features before you purchase a lift. This enables you to evaluate the different safety features available from myriad forklift brands and select a lift that makes it easy for your workers to minimize risk.
Along with evaluating different forklift brands and their products’ safety features, you should enroll your workers in a safety training program. This program goes hand-in-hand with a first-rate forklift, and over time, will help you get the most value out of your purchase.
Enroll Your Workers in the Top Forklift Safety Training Program
Viper Lift Trucks Reviews
Choosing a top forklift manufacturer will help ensure you buy a well-made machine. That way, you can reduce accidents and stay on OSHA’s good side. But, without the proper training for your forklift workers, even the best forklift can’t prevent accidents.
That’s where ForkliftCertification.com comes in. We’re the number one online provider of forklift training and certification. In only about one hour from any device with an internet connection, operators can become trained and certified in Classes 1, 2, 3, 4, 5, and 7 forklifts.
Sign up today, so your workers can become certified forklift operators and will be 100% OSHA-compliant!
Did you know that material handling is a $330 Billion (with a capital B) industry, globally?
The top materials handling company by gross sales numbers is Caterpillar Inc. All by themselves, they raked in $53.8 billion in 2019. More than double the next highest sales numbers by Toyota Industries Corporation.
But the world of materials handling and sales numbers isn’t the whole story. Cranes and forklifts are two very different beasts.
Make sure your diesel is full and your batteries are charged. Keep reading to get our picks for the 5 best forklift brands in 2020.
Heavy-Lifters of the Forklift Brands
Since forklifts come in so many shapes and sizes our list will be an overall comparison, covering different types of forklifts.
1. Hyster
Hyster is one of the most recognizable brands of forklift in the world. Even without being inducted to forklifts, one of their warehouse forklifts is probably what you would imagine.
A long history of dependence and credibility with modern know-how and global reach make Hyster the #1 pick.
Best Forklifts On The Market
2. Yale
Yale is defacto #2, for being the second-most-recognizable and reliable brand in the world. While the company started out in the 1800s with locks, for which they are still a big name, they also had industrial aspirations.
Since the 1920s, Yale has been a leader in forklift design and production. It helps that Hyster and Yale have joined forces to completely slam-dunk on the competition.
The Hyster-Yale group IS material handling, even if they aren’t pulling the sales numbers of Caterpillar Inc.
3. Hiab
Hiab is a huge name in truck-mounted forklifts, producing the MOFFETT model of forklifts. There are a variety of different sizes and kinds available, from electric to diesel. They run quietly and in narrow spaces such as streets.
Recently, they also acquired their direct competitor, Princeton, and the PiggyBack series. They’re now a nearly identical machine now, with MOFFETT lifts featuring off-centered seating while Princeton is in-line with the forks and mast.
Overall, they represent the first and second place market share in truck-mounted solutions. This means Hiab now has unprecedented reach in this segment.
4. Toyota
Toyota makes more than cars. Actually, after Caterpillar, they are the highest-selling material handling company in the world. Their range of forklifts covers difficult terrain to tight spaces and warehouses. Their lift capacities go from a ton to 50 tons.
The chances that Toyota doesn’t have a forklift product that you’re looking for is low. However, they don’t specialize in anything in particular except for comfort and smoothness.
Still, creature comforts are welcome.
5. Komatsu
Best Forklifts 2020 Reviews
Lastly, for our top 5, we have Komatsu which is another Japanese manufacturer of heavy industry and other industrial machinery. They have a great track record, though only 6% of their overall business sales are forklift related.
They are a quickly growing company and should be on your radar for upcoming years.
Lowering the Forks
Although forklift brands as a whole are having a tough year, because of the COVID-19 pandemic, don’t count the industry out.
Electric Forklift Brands
Best Forklift 2020 Reviews
Material handling is expected to grow as an industry almost 6% into 2026. This from projections based on information gathered after the virus appeared in 2020!
The fewer people that products change hands during distribution, means less viral contact. Truck-mounted forklifts are known to streamline delivery systems as is.
What Are The Best Forklifts
Make sure to check them out now for single-operator distribution models, and safety!