Mitsubishi Logisnext retained fourth place after a slight dip in revenues a spokesperson attributed to an unfavorable currency exchange rate. The company sold 103,000 units in 2019, down from 116,000 the previous year.

Mitsubishi Logisnext Americas Inc. (MLA), the holding company for Mitsubishi Caterpillar Forklift America Inc. (MCFA), acquired Pon Material Handling NA, a U.S. materials handling equipment dealer operating as Equipment Depot. The acquisition adds full-service materials handling operations across nine states. MCFA now has 110 authorized dealers covering more than 730 locations across North, Central and South America.

Mitsubishi Logisnext represents Jungheinrich in North America, a market that now has access to several new and previously European models.

The company released a new Mitsubishi 4,500- to 6,500-pound capacity electric cushion tire forklift series, and both Cat and Mitsubishi 3,000- to 4,000-pound capacity electric cushion tire lift trucks. It expanded its full range of forklifts to include a new generation of automation capabilities, including two AGV solutions: an automatic guided electric tow tractor and an automatic guided medium-to-high-level stacker.

Crown Equipmentremains in fifth place after reporting a 7% revenue increase to $3.72 billion.

Hyster Yalegrew almost 4% to hold sixth place with $3.29 billion in revenues. The company sold 100,300 units in 2019, down from about 101,900 units in 2018.

Hyster-Yale’s new product programs include products covering internal combustion engine and electric trucks. This year it introduced a new range of counterbalanced trucks. Also introduced were a range of trucks manufactured by Hyster-Yale Maximal in China, which are being launched globally under the Hyster UT and Yale UX brands to serve lower-intensity customer applications. In 2019, a new end rider and a new automated reach truck were released in the North America market, and a range of new lower-cost Class 3 lift trucks, including walkie and stacker global products, were sold in certain markets.

In early 2020, Hyster-Yale launched a new 3- to 5-ton integrated lithium-ion engine lift truck for the Americas and Europe, the Middle East and African markets, and expects to launch a 7- to 9-ton version later in 2020. The company expects to launch a newer-model reach truck for the Americas market in 2020.

The Worldwide Industrial Truck Statistics (WITS) organization tracks quarterly and monthly statistics on lift truck sales and its report is compiled by six trade groups based in North America, Brazil, Japan, Korea, Europe and China.

According to the 2019 WITS figures, global orders decreased by 2% and world shipments increased by 0.3%.