 Toyota is the world's top seller. |
Toyota Industries Corp has held onto the top spot in
Modern Materials Handling's 2018 ranking of the largest forklift manufacturers. The Japanese giant saw its revenue rise 33% to USD11.4 billion - almost double the performance of second-placed KION Group (USD6.763 billion).
"Toyota Forklifts is customer-driven, which contributes to Toyota's position as a top brand in the world," says Jeff Rufener, president of Toyota Material Handling, USA. "We are committed to safety, reliability and low cost of ownership. Those things keep Toyota Forklifts in the industry-leading position in a highly competitive global forklift marketplace."
KION revenues grew 15% in US dollars, and 8.2% in Euros, with sales of 201,000 units in 2017.
Germany's Jungheinrich rose from fourth to third spot, with revenues of USD4.12 billion.
Fourth place on the ranking went to Mitsubishi Logisnext which represents the combination of Mitsubishi Nichiyu and UniCarriers and had revenues of USD3.8 billion.
Ohio-headquartered businesses took out the next two places - Crown Equipment Corp. with a turnover of USD3.08 billion and Hyster-Yale Materials Handling reporting USD2.885 billion.
Anhui Forklift Truck Group, ranked seventh, was the top Chinese manufacturer, with revenues of USD1.347 billion associated with its brands including Heli. It was followed by Hangcha with revenues of USD1.077 billion.
Korea's Doosan Industrial Vehicle and Clark rounded out the top 10.