In recent years, the forklift industry has observed a steady growth in the forklift market. According to a market research report, global forklift sales will reach approximately 1 million units in 2023, representing a 5% increase from the previous year.
According to a market research report, global forklift sales reached approximately 1 million units in 2023, representing a year-on-year growth of 5%. This growth is attributed to the expansion of warehousing and logistics, rapid development of e-commerce industry, and advancement of industrial automation. The forklift market is expected to continue its growth trend through 2024, with sales expected to climb further. Major forklift manufacturers are making continuous efforts in technological innovation and product upgradation to meet the changing market demands and expand their market share globally. The following post will look at the Top 10 Forklift Manufacturers in 2024.
Top 10 Forklift Manufacturers
Toyota Material Handling
Renowned for their exceptional reliability and durability, Toyota forklifts are equipped with advanced automated driver assistance systems and intelligent battery management. Toyota launched a new series of electric-pneumatic forklifts in November 2023, these forklifts include 48V and 80V specifically designed to cope with a variety of outdoor terrains and weather conditions. This series of forklifts combines advanced electric and pneumatic technologies to improve operational efficiency and enhance reliability and durability in harsh environments.
CAT Lift Trucks
Designed to excel in tough conditions with reliable performance and minimal downtime, CAT forklift trucks are popular for their robust engineering, advanced control systems, ergonomic design and range of safety features. The CAT GP Series, including models like the GP25N and GP30N, is known for its heavy-duty capabilities and outdoor use, while the EP Series, such as the EP16-20(C)N, provides efficient, emission-free operation for indoor settings.
Jungheinrich
Jungheinrich specializes in warehouse forklifts and automation solutions with significant technological innovation and energy efficiency. Equipped with intelligent control systems and high-efficiency batteries that enable long hours of intensive operation, Jungheinrich forklifts are designed to be energy efficient and easy to operate, contributing to the overall efficiency of warehouse management.
Hyster
Hyster forklifts are known for their durability and innovative features. Hyster J60-70XNL forklift have gained popularity in recent years, thanks to their highly efficient integrated lithium battery technology and lightweight design, which not only allows for faster charging and longer range, but also improves maneuverability and stability. At the same time, the J60-70XNL is virtually maintenance-free, reducing operating costs, and is environmentally friendly with no emissions, making it ideal for high-intensity operations and environmentally friendly locations.
Crown Equipment
Corporation one of the most popular forklifts in the world, Crown Forklifts are characterized by their superior durability and operator comfort. On the one hand, Crown electric forklifts have an ergonomic design and low total cost of ownership, providing a better operating experience and lower maintenance costs. On the other hand it offers innovative safety features such as an adjustable driver seat and an efficient braking system.
Hangcha
Hangcha offers cost-effective forklifts with reliable performance and a wide range of applications, designed with a focus on ruggedness and durability, and excelling in a number of industrial sectors.Hangcha forklifts are available in a wide range of models to meet different operational needs and are suitable for a wide variety of industrial environments and load requirements.
Clark Material Handling
Known for their durability and safe design, Clark forklift have long enjoyed an excellent reputation in the forklift industry. In recent years, the Clark GEX Series has gained popularity due to its efficient powertrain, long range, operator comfort and advanced safety features. At the same time, this environmentally friendly forklift is emission-free, making it ideal for warehousing and logistics applications.
Doosan Industrial Vehicle
Focusing on high performance and economy, Doosan Forklift is especially suited for applications that require power and long-term stability. The Doosan B20T-7 forklift is a popular choice for a wide range of industrial and warehousing applications due to its high efficiency, operator comfort, multiple safety features and environmental friendliness.
Komatsu
Komatsu is a Japanese multinational company that has built a fleet of forklifts covering small to large power with years of experience and the latest technology. The company has 25 factories worldwide specializing in IC pneumatic, electric, IC cushion and narrow aisle forklifts. Komatsu forklifts are known for their high performance, stability and rugged construction for a variety of industrial applications. By combining innovative technologies, Komatsu forklifts not only enhance work efficiency, but also effectively reduce operating costs.
Mitsubishi Logistics
Mitsubishi Logistics offers high-performance forklifts that combine innovative design and ease of operation with a comprehensive lineup of forklifts and warehouse equipment for a variety of industrial needs. In 2023, Mitsubishi Logisnext sold over 50,000 electric forklifts worldwide, with the FB40N forklift being the most popular. The Mitsubishi FB40N forklift is equipped with multiple safety features such as stabilization control and automatic braking to ensure safe operation, making it particularly suitable for industrial and warehousing environments where efficiency, safety and environmental friendliness are required.
Where to Buy Forklift Batteries？
BSLBATT, as the world’s leading manufacturer of lithium batteries, is confident in providing the highest-performance lithium batteries for your forklift. BSLBATT forklift batteries feature LiFePO4 technology, offering high performance with a cycle life of up to 3,500 cycles and a full charge time of 2-3 hours. Unlike traditional lead-acid batteries, BSLBATT LiFePO4 batteries are long-lasting and maintenance-free, delivering clear economic benefits. They eliminate the need for a dedicated battery room and reduce the risks associated with gases and acids. Suitable for a wide range of applications, including seat-driven forklifts, pallet trucks, and narrow-aisle forklifts, BSLBATT also offers a diverse range of battery options compatible with the top 10 forklift brands, making them the ideal choice for electric forklift batteries.
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