World's leading lift truck suppliers in FY 2016, based on revenue (in million U.S. dollars)

Lift truck suppliers worldwide: companies based on revenue 2016 This statistic represents the world's largest lift truck suppliers in the fiscal year of 2016, based on revenue. With total revenue of around 3.4 billion U.S. dollars, Mitsubishi Nichiyu Forklift was ranked third that year. The company sells products manufactured and distributed by various producers, including Mitsubishi Heavy Industries and MCFC Mitsubishi Caterpillar Forklift Co.
Leading lift truck suppliers worldwide

New industrial trucks have been in high demand in recent years since 2009 and reached a record high of 1.1 million orders globally in 2015. The market for new industrial trucks is projected to continue to grow. In the first quarter of 2016, Europe was the driver of demand with new industrial truck orders of about 111,000. Asia was ranked second with around 107,000 orders, while North America was ranked third with 56,700 orders.

As of 2016, Toyota of Japan took a clear leadership position on the world’s leading lift truck supplier table, based on revenue. The company generated 8.6 billion U.S. dollars in revenue from lift truck sales. The German forklift truck supplier Kion Group came in second with almost 5.9 billion U.S. dollars in revenue.
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Revenue in million U.S. dollars
Toyota Industries Corp.8,563
Kion Group5,879
Mitsubishi Nichiyu Forklift3,407
Jungheinrich AG3,252
Crown Equipment Corp.2,910
Hyster-Yale Materials Handling2,570
Anhui Forklift Group928
Doosan Industrial Vehicle781
Hangcha Group Co.774
Clark Material Handling International740
Komatsu Utillity Co.646
Hyundai Heavy Industries*477
Combilift227
EP Equipment200
Konecranes*185
Revenue in million U.S. dollars
Toyota Industries Corp.8,563
Kion Group5,879
Mitsubishi Nichiyu Forklift3,407
Jungheinrich AG3,252
Crown Equipment Corp.2,910
Hyster-Yale Materials Handling2,570
Anhui Forklift Group928
Doosan Industrial Vehicle781
Hangcha Group Co.774
Clark Material Handling International740
Komatsu Utillity Co.646
Hyundai Heavy Industries*477
Combilift227
EP Equipment200
Konecranes*185
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Description Source More information
This statistic represents the world's largest lift truck suppliers in the fiscal year of 2016, based on revenue. With total revenue of around 3.4 billion U.S. dollars, Mitsubishi Nichiyu Forklift was ranked third that year. The company sells products manufactured and distributed by various producers, including Mitsubishi Heavy Industries and MCFC Mitsubishi Caterpillar Forklift Co.
Leading lift truck suppliers worldwide

New industrial trucks have been in high demand in recent years since 2009 and reached a record high of 1.1 million orders globally in 2015. The market for new industrial trucks is projected to continue to grow. In the first quarter of 2016, Europe was the driver of demand with new industrial truck orders of about 111,000. Asia was ranked second with around 107,000 orders, while North America was ranked third with 56,700 orders.

As of 2016, Toyota of Japan took a clear leadership position on the world’s leading lift truck supplier table, based on revenue. The company generated 8.6 billion U.S. dollars in revenue from lift truck sales. The German forklift truck supplier Kion Group came in second with almost 5.9 billion U.S. dollars in revenue.
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Release date
December 2017
Region
Worldwide
Survey time period
FY 2016
Supplementary notes
* According to the source, 2016 revenue streams were not available by press time.

Figures based on foreign exchange rates as of year-end.

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