Hyster-Yale Materials Handling (HYMH) has been named North American Material Handling Company of the Year by market research and analysis company Frost & Sullivan.

HYMH was awarded the 2026 Best Practices Recognition for its strong focus on customer challenges and ongoing investment in industry-leading innovations which help address labour, sustainability and cost pressures through automation, electrification and connected technology solutions. 

Frost & Sullivan also highlighted HYMH’s consultative approach to customer engagement.

“Frost & Sullivan applauds the way that Hyster-Yale Materials Handling, Inc (HYMH) is helping shape the future of material handling as the industry advances toward automation, electrification, and intelligent, data-driven operations,” the business states.

“The company’s ability to integrate scalable equipment architecture, embedded telemetry, and automation platforms creates a connected ecosystem that supports long-term operational resilience.

“Complementing its product portfolio, HYMH’s consultative sales approach, disciplined service delivery, and structured customer feedback processes help ensure that technological advancements translate into measurable customer outcomes.

“By aligning continuous innovation with strategic partnerships and customer-centric execution, the company remains responsive to key industry megatrends and well positioned for continuous leadership in intelligent material handling.

“Frost & Sullivan believes this cohesive strategy will enable HYMH to sustain its leadership position and deliver enduring value as the material handling industry continues to transform.

“With its strong overall performance, HYMH earns the 2026 Frost & Sullivan Company of the Year Recognition in the material handling solutions industry.”

David Furman, chief marketing officer with HYMH, says the global supply chain is evolving at an unprecedented pace.

“Persistent labour and cost pressures, combined with demanding delivery expectations, are pushing operations to find smarter ways to perform with greater agility, precision and speed,” he adds.

“By listening closely and collaborating with our customers, we’re commercialising solutions that solve real-world challenges and deliver the practical value they need to keep the world moving.”