The top lift truck suppliers list is changing with industry acquisitions causing a dramatic departure from the norm.
This year’s list of the Top 20 Lift Truck Suppliers is unlike any other in the more than 70-year history of this magazine. Although the company names are familiar, the makeup of the top two has changed substantially since this time last year. Toyota acquired systems integrators Bastian Solutions and Vanderlande Industries, and KION acquired Dematic, which is ranked No. 3 on Modern’s Top 20 Systems Suppliers list.
These developments constitute a dramatic departure from the norm, according to Brett Wood, chairman of the Industrial Truck Association (ITA) and president and CEO of Toyota Material Handling North America.