Hyster

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

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

• Industrial forklifts
• Material handling equipment
• Container handlers
• Lithium-ion forklifts
• Reach stackers

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Parts and Accessories: Aftermarket parts and accessories for forklifts and material handling equipment, available through dealer network and online ordering.
3. Maintenance and Service: Planned maintenance programs, emergency service, and technical support through dealer network.
4. Fleet Management Services: Hyster Tracker telematics, fleet management solutions, and monitoring services for equipment fleets.
5. 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

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core 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

Named customers5 records

Segments11 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Five partnerships are on record, tiered notable and core.

• GrenzebachnotableTechnology or Integration · 11 November 2025Robotics 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 AutomotionnotableTechnology or Integration · 11 November 2025Robotics company collaborating on data center automation solutions for handling heavy computing infrastructure components in partnership with companies like Hyster.
• PHS WestnotableTechnology or Integration · 11 November 2025Robotics company working with Hyster and other robotics firms on data center material handling for heavy rack movement.
• Jtec IndustriesnotableTechnology or Integration · 11 November 2025Robotics company collaborating on data center robotics solutions with Hyster for automated material handling of heavy infrastructure.
• Open Compute ProjectcoreStrategic or Co-development Partner · 11 November 2025Industry 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

Direct 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

• Xx.com/Hyster_AP
• YouTubeyoutube.com/HysterAmericas
• Facebookfacebook.com/hysterasiapacific
• LinkedInlinkedin.com/company/hysterco

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyster