With sales on the rise for the second consecutive year, the worldwide industrial lift truck market is revved up.
According to ITA’s worldwide industrial truck figures, shipments were up 132% in 2010.
Last year, shipments were up around the globe.
- Asia experienced the biggest jump, with a 152% increase in shipments. The region went from a 23% decline in 2009 shipping 207,207 units to shipping 314,307 units in 2010.
- Africa was right up there with an increase of 143%. After shipping 9,953 units in 2009 and experiencing a 40% decline, the African region shipped 14,243 units in 2010.
- Europe shipped 245,512 units in 2010, which resulted in 119% increase after experiencing a decline of 48% in 2009.
- The Americas also experienced a 119% increase in 2010 after a decline of 43% in 2009. The region shipped 152,160 units in 2010, compared to 128,246 in 2009.
- Oceania also overcame a 48% decline. In 2009 the region shipped 12,451 units, compared to 14,468 units in 2010, resulting in a 116% increase.
In total, worldwide shipments rose from 561,939 in 2009 to 740,690 in 2010, an impressive 132% increase. With the numbers calculated and each of the worldwide regions performing well, the Top 20 lift truck suppliers also performed well independently.
The Top 10
The top suppliers are at the top of the list again this year and almost in the exact order. Last year’s leading suppliers—Toyota, Kion, Jungheinrich, NACCO and Crown—continue to own the top five positions.
Toyota, which manufactures Toyota and Raymond brands, remains at No. 1 with $5.9 billion in revenue, up from $4.6 billion in 2009. The Kion Group, which includes North American brands Linde, Still, OM and Baoli, retains the No. 2 position with $4.67 billion in revenue, up from $4.1 billion.
Jungheinrich holds on firmly to the No 3. spot with $2.4 billion in revenue, up slightly from $2.3 billion in 2009. Crown and NACCO, which ranked in the No. 4 and No. 5 positions in 2009, respectively, both come in at $1.8 billion and share the No. 4 position. Crown saw an increase in revenue up from $1.6 billion, while NACCO, which includes North American brands Hyster and Yale, rose from $1.5 billion.
The five remaining top 10 lift truck suppliers are also back, with only a slight variation in the order. Rounding out the top 10 are Mitsubishi Caterpillar Forklift, back in No. 6 position; Komatsu, back in the No. 7 position; Nissan moving up one position to No. 8; TCM Corp. also moving up one position to No. 9; and Anhui Forklift Group dropping two positions to No. 10.