Xin Hong Guang Group

Get Quote

Providing you with high-quality products and services

Home page Industry News

Largest Forklift Companies: 2025 Global Rankings

Published time：

2026-06-30

Author：

Xin Hong Guang

Source：

Xin Hong Guang

Abstract

The global forklift industry is dominated by a mix of Japanese, German, and American manufacturers. According to Modern Material Handling's 2025 ranking, the top 18 companies generated over $58 billion in lift truck-related revenue in 2024. Below are the largest forklift companies by revenue:Rank Company 2024 Revenue Headquarters1 Toyota Industries Corp. (TICO) $18.26B Japan2 KION Group $8.96B Germany3 Jungheinrich AG $5.60B Germany4 Crown Equipment Corp. $5.29B USA5 Mitsubishi Logisnext Co. $4.44B Japan6 Hyster-Yale $4.30B USA7 Anhui Forklift Group $2.51B China8 Hangcha Group $2.29B China9 Doosan Bobcat $1.52B South Korea10 Clark Material Handling $1.05B USA11 Hyundai Material Handling $926M South Korea12 EP Equipment $900M China13 Combilift $545M Ireland14 Lonking Group $509M China15 Noblelift $484M China16 Manitou Group $233M France17 HUBTEX $113M Germany18 Godrej & Boyce $108M IndiaKey TakeawaysToyota Industries Corp. remains the undisputed global leader, with 2024 revenue of $

The global forklift industry is dominated by a mix of Japanese, German, and American manufacturers. According to Modern Material Handling's 2025 ranking, the top 18 companies generated over $58 billion in lift truck-related revenue in 2024. Below are the largest forklift companies by revenue:


Rank Company 2024 Revenue Headquarters

1 Toyota Industries Corp. (TICO) $18.26B Japan

2 KION Group $8.96B Germany

3 Jungheinrich AG $5.60B Germany

4 Crown Equipment Corp. $5.29B USA

5 Mitsubishi Logisnext Co. $4.44B Japan

6 Hyster-Yale $4.30B USA

7 Anhui Forklift Group $2.51B China

8 Hangcha Group $2.29B China

9 Doosan Bobcat $1.52B South Korea

10 Clark Material Handling $1.05B USA

11 Hyundai Material Handling $926M South Korea

12 EP Equipment $900M China

13 Combilift $545M Ireland

14 Lonking Group $509M China

15 Noblelift $484M China

16 Manitou Group $233M France

17 HUBTEX $113M Germany

18 Godrej & Boyce $108M India

Key Takeaways

Toyota Industries Corp. remains the undisputed global leader, with 2024 revenue of $18.26 billion—more than double the revenue of the second-ranked company. In 2025, Toyota launched more than 22 new electric forklift models and innovative lithium-ion battery solutions.


KION Group (parent company of Linde, STILL, and Baoli) and Jungheinrich hold the second and third positions, respectively, with revenues of $8.96 billion** and **$5.60 billion.


Crown Equipment is the largest U.S.-based forklift manufacturer with $5.29 billion in revenue.


Chinese manufacturers continue to rise: Anhui Forklift Group ($2.51B) and **Hangcha Group** ($2.29B) rank 7th and 8th globally.


Fastest-growing companies include Noblelift (+15%), EP Equipment (+8.3%), and Combilift (+6.9%).

Keywords：
largest forklift companies
Previous article：NoneKonecranes Forklift: Heavy-Duty Specialist for Ports and IndustryNext article:Lateral Forklift: The Side-Loading Specialist for Long Loads
Recommended

Manup Forklift: The Complete Guide to Operator-Elevating Lift Trucks

A "manup forklift" (or "man-up" forklift) is a specialized industrial truck designed to elevate the operator along with the load. Unlike standard forklifts where the operator stays on the ground, man-up forklifts raise the operator to the height of the load, allowing direct visibility and precise handling in high-bay warehouses. Man-up technology was developed in the late 1970s to stack pallet loads at high lift heights in very narrow aisles.Key Types of Manup ForkliftsTurret Trucks (Very Narrow Aisle / VNA)Turret trucks are the most common type of man-up forklift, designed for aisles as narrow as 5–7 feet. The operator platform rises with the forks, and the mast rotates 180° to handle loads on both sides of the aisle without turning the truck. Typical capacities range from 3,000 to 3,500 pounds with lift heights up to 622 inches. Major manufacturers include Crown (TSP Series), Hyster, Yale, Linde, and Cat Lift Trucks.Order PickersOrder pickers are man-up forklifts designed for picking

2026-06-30

Manual Mini Forklift: A Complete 2026 Price and Specs Guide

A manual mini forklift is a compact, human-powered lift truck designed for light to medium-duty material handling in tight spaces. These machines rely on a hydraulic pump for lifting and are manually pushed or pulled, making them ideal for warehouses, retail backrooms, supermarkets, and small workshops.Price Range and Real-World ExamplesManual mini forklifts are among the most affordable material handling solutions, with prices ranging from approximately $200 to $800 for most models, though heavy-duty units can cost more.Model / Type Capacity Price FeaturesMini Hand Manual Hydraulic Forklift (HXSF Series) 500–3,000 kg $217–$245 Foot-operated hydraulic, 1,600mm lift height, adjustable forks [6†L6-L9][6†L11]Movmes Manual Hand Mini Stacker 500–1,500 kg $605 1,600mm lift height, adjustable forks, 161 kg weight, 1,235mm turning radius [7†L4-L5][7†L21-L25][7†L32]Mini Fork Lift Hand Stacker (FUPIA MS Series) 1,000–2,000 kg $500 1,600–3,000mm lift height, adjustable forks up to 1,000mm, 1,480m

2026-06-30

Manual Forklift Price: A Complete 2026 Cost Guide

A "manual forklift" typically refers to human-powered material handling equipment, primarily manual pallet jacks and manual stackers. These are cost-effective solutions for light to medium-duty lifting and moving tasks, with prices ranging from under $300 for basic pallet jacks to over $3,000 for heavy-duty manual stackers.Manual Pallet Jack PricesManual pallet jacks are the most common and affordable type of manual forklift.Type Price Range Capacity Best ForBasic Manual Pallet Jack $250 – $500 [8†L13] 4,000 – 5,500 lbs Small warehouses, light-duty use [1†L22]Standard Manual Pallet Jack $300 – $800 5,500 – 6,600+ lbs Low-volume operations, general warehousing [7†L8-L9]Premium/Heavy-Duty Manual Jack $500 – $1,000+ 5,500+ lbs Frequent use, heavier loadsSpecialty/Low-Profile Jack $739 – $755 4,400 lbs Narrow aisles, tight spaces [1†L30-L31]Real-World Examples:Crown PTH 50 Hand Pallet Jack (5,000 lb capacity): $749 [3†L24-L25]Dayton Low Profile Pallet Jack (4,400 lb capacity): $739 [1†L30-

2026-06-30

Manual Forklift for Sale: Types, Prices, and Where to Buy

"Manual forklift" is a broad term that generally refers to human-powered material handling equipment, distinct from motorized forklifts. When searching for a manual forklift for sale, you will primarily find manual pallet jacks and manual stackers. These are cost-effective solutions for light to medium-duty lifting and moving tasks in warehouses, retail spaces, and workshops.Types of Manual Forklifts for SaleManual Pallet Jacks (Hand Pallet Trucks)These are the most common type of manual forklift. They use a hydraulic pump operated by a handle to lift pallets a few inches off the ground and are manually pushed or pulled. They are ideal for loading docks, warehouses, and retail environments for moving pallets over short distances.Example: The Hyster HY55-PT is a durable manual pallet jack with a 5,500 lb capacity, offering various configurations like low-profile and stainless steel models.Manual Stackers (Hand Stackers)These are similar to pallet jacks but feature a mast that allows for

2026-06-30

Manual Electric Forklift: A Complete Guide to Semi-Powered Material Handling

A manual electric forklift is a hybrid material handling machine that combines a manual hydraulic lifting mechanism with an electric motor for propulsion. Unlike fully electric forklifts that use electric power for both lifting and travel, manual electric forklifts typically require manual effort for lifting (via a pump handle) while an electric motor provides powered travel. They are classified under OSHA Class III as electric motor hand or hand/rider trucks.Types of Manual Electric ForkliftsElectric Pallet Jacks (Walkie Pallet Trucks)These are the most common type of manual electric forklift. The operator walks behind the unit and uses a control handle to manage electric-powered travel and lifting. Load capacities typically range from 3,000 to 6,000 lbs. They are ideal for loading docks, narrow aisles, and trailer operations. Toyota's Tora-Max Electric Walkie Pallet Jack, for example, features a turtle button for low-speed control and an electric lift/lower system.Electric Walkie

2026-06-30

Manlift Forklift: Understanding the Term

"Manlift forklift" is not a standard industry term. It typically refers to one of two distinct concepts: a forklift attachment for lifting personnel or a brand name (Manlift) that also offers forklifts. The confusion often arises because the word "manlift" (or "man lift") is commonly used to describe aerial work platforms like scissor lifts or boom lifts, which are different from forklifts.Manlift as a Forklift Attachment (Personnel Basket)The most common interpretation of a "manlift forklift" is a standard forklift equipped with a personnel basket or work platform. This attachment transforms a forklift into a mobile elevated work platform for tasks like maintenance, inventory checks, or warehouse repairs.Key Requirements (OSHA):Certified Equipment: The basket must be a commercially manufactured and certified platform. Improvised or homemade baskets are generally prohibited.Capacity: The combined weight of the basket, workers, and tools must not exceed 50% of the forklift's rated c

2026-06-30

Manitou Forklift Dealers: A Complete Global Guide

Manitou forklift dealers are part of a global network of independent distributors that sell, rent, and service Manitou's full range of material handling equipment. Manitou has 800 independent dealers in more than 140 countries. In North America alone, the dealer network includes more than 450 locations.How to Find a Manitou DealerManitou provides an official dealer locator on its website. To find a dealer, visit the "Contact Manitou" page, zoom in on your geographical area on the map, and click on the dealer pointer. You can also search directly by region or country.Partner Dealers: Manitou's Elite NetworkIn 2024, Manitou introduced a "Partner Dealer" designation for dealers who demonstrate excellence in sales, parts support, and service. The first Partner Dealers are:Dealer Territory Founded SpecializationStevenson Crane and Service, LLC Illinois, Indiana, Michigan 1989 Construction, industrial, mechanical, manufacturing, material handlingJ.-Rene Lafond Quebec, Canada 1974 Mem

2026-06-30

Local Forklift Dealer: How to Find the Right One

Finding a local forklift dealer is the first step toward reliable equipment, service, and support. The best dealer is not always the closest one—it is the one that stocks the parts you need, responds quickly, and understands your specific operation.How to Find a Local Forklift DealerManufacturer Dealer LocatorsMost major forklift brands offer online dealer locators. Hyster provides an interactive tool where you enter your location and filter by product type, equipment category, or power source. Yale offers a similar locator for authorized dealers in your area. These tools allow you to search by city, ZIP code, or use GPS autodetect, and often include filters for lift capacity, fuel type, and rental availability.Online Marketplaces and DirectoriesForkliftTrader.com allows you to find dealers by entering your ZIP code or using your current location. Machinery Trader offers apps and search tools to filter listings by category, make, model, and location. Equipment Depot has over 50 nationw

2026-06-30

Loadall Forklift: The Original Telehandler from JCB

A Loadall forklift is a telescopic handler, also known as a telehandler, manufactured by JCB. It is a versatile lifting machine equipped with a telescopic boom, allowing it to function as both a forklift and a crane. JCB pioneered the Loadall concept in 1977, revolutionizing materials handling by combining the best features of a forklift, crane, and wheel loader into a single machine.Key FeaturesTelescopic Boom – The defining feature of a Loadall is its extendable boom, which provides both vertical lift and forward reach, allowing operators to place loads at height or over obstacles.Versatility – Loadalls can accommodate a wide range of attachments, including forks, buckets, hooks, sweeper attachments, man platforms, and tire handlers. Attachments can be changed in seconds with the Q Fit carriage system.Visibility and Operator Comfort – Side-engine design provides excellent rear and side visibility. JCB offers one of the largest cabins in the industry with low internal noise levels, ai

2026-06-30

LiuGong Forklift Price: A Complete 2026 Market Overview

LiuGong forklift prices vary widely by model, capacity, power source, and condition—from approximately $17,000 for a new 2.5-ton electric model** to over **$199,000 for a heavy-duty 16-ton unit [1†L4-L7][7†L10-L14]. Used and rental options offer more affordable entry points.New LiuGong Forklift PricesModel Capacity Power Price (USD) SourceCLG2025A-S 2.5 tons Electric $17,000 Made-in-China [1†L4-L7][6†L3-L4]CLG2025G-LP 2.5 tons LPG $30,000 Machinio [1†L9-L10][7†L5-L7]CLG2035G 3.2 tons (7,000 lb) LPG CHF 20,237–33,818 (~$22,500–$37,500) Machinery Trader [12†L10-L11]CPCD30-E 3.0 tons Diesel ¥131,250 (~$18,000 USD) MyMRO [8†L3-L4]3.0T 4x4 Rough Terrain 3.0 tons Diesel ¥98,000 (~$13,500 USD) Government contract [4†L9][11†L9]CLG2070H 7.0 tons Diesel $89,500 Machinio [7†L14-L16]CLG2100H 10.0 tons Diesel $142,500 Machinio [1†L10][7†L8-L10]CLG2160H 16.0 tons Diesel $199,500 Machinio [7†L11-L14]Used LiuGong Forklift PricesUsed LiuGong forklifts offer significant savings over new models, with pri

2026-06-30