Toyota tops global forklift list again

News Story
- 17 Aug 2023 ( #1141 ) - Marburg, Germany
1 min read
The latest leaderboard, courtesy of DHF
The latest leaderboard, courtesy of DHF

Once again, there has been very little change in the global top 10 forklift manufacturers list compiled by German magazine DHF.

Japan’s Toyota remains at the top of the 2023 list with a 29.57% share of the world forklift market. KION is in second place again with a 13.98% share, followed by Jungheinrich with 9.10%.

The minor changes in the rankings, drawn up using data from 2021, were Hangcha moving up one spot to 8th, Manitou going from 10th to 9th place and Kalmar falling two spots to sit in 10th position.

Incoming orders rose globally to a 12-year high, with the Asian region accounting for more than half of all orders, according to the annual DHF report by Jurgen Warmbold.

Citing World Industrial Trucks Statistics (WITS) data, the report found incoming orders were up in Europe, the Americas and Asia, with China making a “noticeable contribution”. While in the Africa and Australia/Oceania regions, there was a slight decline during 2021.

Seven industrial truck associations report aggregated and anonymised statistics to produce the WITS reports: Associacao Brasileira de la Maquinas e Equipamentos (ABIMAQ); China Industrial Truck Association (CITA); European Federation of Materials Handling Product Group Industrial Trucks (FEM IT); Industrial Truck Association (ITA); Japanese Industrial Vehicles Association (JIVA); Korean Construction Equipment Manufacturers Association (KOCEMA); and Society of Indian Materials Handling Equipment Manufacturers (SIMHEM).

To be included in the global ranking, companies must have a minimum turnover of EUR10 million. However, not all manufacturers wish to be included in the list.

Do you have materials handling news? Submit your news here
Inside The News
In this week’s Forkliftaction News we report on the recent IMHX event in Birmingham with coverage of new product launches, key themes and observations from those attending. We also name the winners of the 2025 Archies Awards, held in conjunction with IMHX... Continue reading

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Inside The News
In this week’s Forkliftaction News we report on the recent IMHX event in Birmingham with coverage of new product launches, key themes and observations from those attending. We also name the winners of the 2025 Archies Awards, held in conjunction with IMHX... Continue reading

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET