1. Toyota Industries Corp.
Toyota Industries Corp., based in Kariya, Aichi, Japan, had revenues of $19.237 billion for fiscal year 2017. In addition to forklifts sold under the Toyota and Raymond brands, the company also manufactures automobiles (primarily the Yaris/Vitz and RAV4 brands), automotive air conditioning equipment, electronic parts and textile machinery. The company’s revenues solely from the material handling/forklift market were $8.562 billion (a decline by 3% from FY 2016), as Toyota continues its reign as the largest lift truck manufacturer in the world.
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