Hyster
- Company typePublic
- Founded1929
- HeadquartersGreenville, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Hyster firmographics
Firmographics- Name
- Hyster
- Legal name
- Hyster-Yale Materials Handling, Inc.
- Website
- https://hyster.com
- Company type
- Public
- Founded year
- 1929
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Hyster industry classification
Industry- Product category
- Industrial Material Handling Equipment
- NAICS
- Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Material Handling Equipment Manufacturing (33392)
- SIC
- Industrial Trucks, Tractors, Trailors & Stackers (3537)
- akta.pro primary industry
- Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA)
- akta.pro secondary industry
- Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD)
Keywords
Where Hyster is headquartered
LocationHeadquarters
- HQ city
- Greenville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Hyster business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- New Equipment Sales: Sales of new forklifts, container handlers, reach stackers, and pallet trucks across various power types (ICE, electric, lithium-ion). Equipment ranges from 3,000 lbs to 105,800 lbs lifting capacity.
- Parts and Accessories: Aftermarket parts and accessories for forklifts and material handling equipment, available through dealer network and online ordering.
- Maintenance and Service: Planned maintenance programs, emergency service, and technical support through dealer network.
- Fleet Management Services: Hyster Tracker telematics, fleet management solutions, and monitoring services for equipment fleets.
- Equipment Financing and Rental: Short and long-term leases with flexible terms, rental trucks available at short notice, and financing programs through Hyster Capital.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based pricing for all equipment - no public pricing available |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Hyster product offering
Product offeringCore offering
Hyster designs and manufactures a full line of forklifts and material handling equipment for industrial applications. The portfolio spans internal combustion forklifts (diesel/LPG), electric forklifts (lead-acid, TPPL, lithium-ion), high-capacity heavy-duty trucks up to 105,000 lbs, container handlers and reach stackers for ports, and pallet trucks/stackers for warehousing. Supporting offerings include factory-integrated lithium-ion power systems, telematics, operator-assist safety systems, and forklift automation, sold primarily through a global network of over 100 dealers.
Product overview
Hyster designs and manufactures a comprehensive line of forklifts and material handling equipment for the most demanding industrial applications. The product portfolio spans internal combustion forklifts (ICE, LPG, diesel), electric forklifts, high-capacity heavy-duty trucks (up to 105,800 lbs), container handlers and reach stackers (up to 101,000 lbs), and pallet trucks. Key supporting technologies include Hyster Tracker (proprietary fleet telemetry), Hyster Reaction (pedestrian awareness camera system), Hyster Atlas (forklift automation), Hyster Power Cellect (battery swapping), and Dynamic Stability System (DSS). Recent launches include the XTLG Integrated Lithium-Ion series combining ICE chassis with electric efficiency using 75% less energy than diesel, and factory-integrated lithium-ion batteries with high-speed chargers. Products serve industries including ports, manufacturing, warehousing, lumber, metals, chemicals, paper, and logistics.
Differentiator
Problem solved
Functional benefit
Brands
- Hyster Tracker: Telemetry and fleet management system for forklift fleets
- Hyster Reaction
- Power Cellect
- Dynamic Stability System (DSS)
- HY Shield
Products and services
- Hyster A-Series Internal Combustion Forklifts
- Hyster Electric Forklift Trucks
- Hyster High Capacity Forklift Trucks
- Hyster Container Handlers and Reach Stackers
- Hyster Pallet Trucks, Stackers, and Walkies
- Hyster XTLG Integrated Lithium-Ion Forklift Series
- Hyster Integrated Lithium-Ion Batteries and Chargers
- Hyster Tracker Telematics
- Hyster Reaction Pedestrian Awareness System
- Hyster Atlas Forklift Automation
- Power Cellect Battery Swapping System
- Hyster Parts and Accessories
- Hyster Maintenance and Service Programs
- Hyster Equipment Financing and Rental
Quantifiable outcome
- 75% less energy consumption compared to diesel models (VDI cycle testing)
- +3 more outcomes
Companies that use Hyster
Customer profileNamed customers5 records
Segments11 records
Ideal customer profiles4 records
Hyster technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature8 records
Hyster partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered notable and core.
- GrenzebachnotableRobotics company partnering with major hyperscalers including Hyster for data center robotics to move heavy GPU racks and liquid cooling equipment exceeding 6,000 pounds.
- DS AutomotionnotableRobotics company collaborating on data center automation solutions for handling heavy computing infrastructure components in partnership with companies like Hyster.
- PHS WestnotableRobotics company working with Hyster and other robotics firms on data center material handling for heavy rack movement.
- Jtec IndustriesnotableRobotics company collaborating on data center robotics solutions with Hyster for automated material handling of heavy infrastructure.
- Open Compute ProjectcoreIndustry standards organization developing best practices and standards for safe human-robot collaboration in data center environments, with Hyster participating as a robotics provider.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Hyster competitors and assessment
Company assessmentDirect peers
- Crown Equipment Corporation: Privately held US-based forklift and warehouse equipment manufacturer competing with Hyster in electric forklifts, pallet trucks, and warehouse automation. Overlaps significantly in North American warehouse and 3PL segments.
- Clark Material Handling: US-based manufacturer of forklifts, pallet trucks, and warehouse equipment with a global dealer network similar to Hyster's. Competes head-to-head in mid-range ICE and electric forklifts.
- Linde Material Handling (Kion Group): Linde, part of Germany's Kion Group, is one of the largest global forklift and intralogistics manufacturers, with strong electric and lithium-ion product lines and a broad dealer network in Europe and globally. Comparable product range and heavy-duty industrial customer base as Hyster.
- Jungheinrich: German intralogistics company offering electric and ICE forklifts, reach trucks, order pickers, and warehouse automation. Strong overlap with Hyster's electric forklift portfolio and warehouse segment, with growing automation capabilities comparable to Hyster Atlas.
- Toyota Material Handling: Toyota's material handling division is the global forklift market leader, offering ICE, electric, and lithium-ion forklifts, pallet trucks, and reach stackers through a similar dealer-distribution model. Direct overlap with Hyster across nearly every product category and customer segment.
- Doosan Industrial Vehicle: South Korean manufacturer of forklifts, warehouse equipment, and material handling solutions with global distribution. Comparable product range across ICE and electric counterbalance forklifts, with strong presence in Asia and growing presence in Europe and Americas.
- Raymond Corporation (Toyota Industries): US-based forklift maker owned by Toyota Industries, focused on electric forklifts, reach trucks, and pallet jacks for the warehouse and distribution market. Direct competitor in the same end markets Hyster serves with its electric lift truck line.
Broad incumbents
- Konecranes: Finnish company specializing in port cranes, container handling equipment, and lifting solutions. Direct overlap with Hyster's container handler and reach stacker business serving ports and intermodal terminals.
- Caterpillar: Global heavy equipment manufacturer with forklifts and material handling as a smaller segment within a much broader construction, mining, and industrial machinery portfolio. Adjacent overlap with Hyster's high-capacity and heavy-duty industrial trucks.
Emerging players
- Manitou Group: French manufacturer of rough-terrain forklifts, telehandlers, and material handling equipment with focus on construction, agriculture, and industrial applications. Partial overlap with Hyster's high-capacity and reach stacker products serving ports and heavy industry.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hyster social profiles
Digital presenceHyster financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hyster leadership team
Management profileNumber of profiles
Hyster funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hyster M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hyster
What does Hyster do?
Hyster designs and manufactures a full line of forklifts and material handling equipment for industrial applications. The portfolio spans internal combustion forklifts (diesel/LPG), electric forklifts (lead-acid, TPPL, lithium-ion), high-capacity heavy-duty trucks up to 105,000 lbs, container handlers and reach stackers for ports, and pallet trucks/stackers for warehousing. Supporting offerings include factory-integrated lithium-ion power systems, telematics, operator-assist safety systems, and forklift automation, sold primarily through a global network of over 100 dealers.
Is Hyster a public or private company?
Hyster is a public company. It is classified as public and is currently operating.
When was Hyster founded?
Hyster was founded in 1929. It employs 101 to 250 people.
Where is Hyster based?
Hyster is headquartered in Greenville, United States, in the North America region.
How does Hyster make money?
Five revenue lines are on record. New Equipment Sales are the primary driver. The others are parts and Accessories, maintenance and Service, fleet Management Services and equipment Financing and Rental.
Who are Hyster's main competitors?
Direct peers on record are Crown Equipment Corporation, Clark Material Handling, Linde Material Handling (Kion Group), Jungheinrich, Toyota Material Handling, Doosan Industrial Vehicle and Raymond Corporation (Toyota Industries). Broad incumbents are Konecranes and Caterpillar. Manitou Group is listed as an emerging player.
Does Hyster have an API?
No public API is recorded for Hyster.
What industry is Hyster in?
Hyster's product category is Industrial Material Handling Equipment. Its primary akta.pro industry code is IMAHABAA, Forklifts & Industrial Trucks (IC & Electric), with a secondary code of IMACAFAD, Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers). Its NAICS code is 333924 and its SIC code is 3537.