Jungheinrich

What Jungheinrich does

Jungheinrich AG is a Hamburg-headquartered intralogistics provider founded in 1953 and publicly listed on XETRA (JUN3), with 21,438 employees worldwide and direct sales and service companies in 42 countries. The company manufactures and services electric forklifts, reach trucks, and pallet trucks across the premium Jungheinrich brand and the value-focused AntOn by Jungheinrich sub-brand launched in 2026. Its product portfolio also spans automated storage and retrieval systems (PowerCube, stacker cranes, AutoVNA), Autonomous Mobile Robots led by the EAE 212a, and proprietary lithium-ion battery technology, with field trials underway for sodium-ion batteries as a lower-cost alternative. Customers span industry, retail, logistics, automotive, food, and e-commerce, with named enterprise deployments at Deutsche Aircraft (Factory 4.0 at Leipzig/Halle Airport), Mainova AG, Liebherr Group, Landguth Heimtiernahrung, Wicke GmbH, Flipkart, and Amazon.

The technology stack centers on electrified drive systems, in-house lithium-ion battery manufacturing, FalcOn high-voltage technology for heavy-load electric material handling, and an installed base of more than 1 million battery-powered trucks that generates structured telematics data. AI is embedded in several layers: multi-sensor autonomous navigation in the EAE 212a AMR (LiDAR, cameras, proximity sensors, SLAM); proprietary machine learning models for battery performance prediction developed with Monolith; AI-driven warehouse and fleet optimization; and a recent stake in Navflex Inc. for Physical AI in truck loading and unloading automation. The company holds five consecutive EcoVadis Platinum medals (top 1% sustainability ranking) and won the German Sustainability Award for Companies 2026, alongside IFOY, Red Dot Design, and iF Design awards in 2026.

The business model is an integrated hardware-plus-services-plus-software offering. Revenue is generated through new equipment sales (electric forklifts, pallet trucks, AGVs, AS/RS), higher-margin automation systems projects, short- and long-term rentals, used equipment refurbishment, and recurring after-sales services including maintenance, spare parts logistics, lifecycle services, and cloud-based fleet management software. Distribution combines direct enterprise sales in 42 countries, a regional partner network (EP Equipment in China, AntOn distributor recruitment in Korea), and the Profishop e-commerce storefront for SMB buyers. The public Strategy 2030+ targets €10 billion in revenue with a 10% EBIT margin by 2030, supported by recent acquisitions (Storage Solutions Group for $375 million in 2023, Magazino in 2023, Invar in 2025), the EP Equipment partnership in China, and the AntOn APAC launch.

Name

Jungheinrich

Legal name

Jungheinrich AG

Website

https://jungheinrich.com

Company type

Public

Founded year

1953

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Jungheinrich AG is a German intralogistics provider manufacturing electric forklifts, warehouse automation systems, autonomous mobile robots, and lithium-ion batteries. It serves industrial, retail, logistics, automotive, food, and e-commerce customers across 42 countries via direct sales, channel partners, and integrated after-sales services.

Ownership category

akta.pro rank

Product category

Intralogistics Equipment and Warehouse Automation

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Battery Manufacturing (33591)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD)

akta.pro secondary industries

Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Industrial Material Handling & Warehouse Charging (forklift/AGV chargers, battery swapping) (IMAGAHAG)

Keywords

• Intralogistics solutions
• Electric forklifts
• Warehouse automation
• Autonomous mobile robots
• Material handling equipment

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Equipment Sales: Development, production and sale of new material handling equipment including electric forklifts, pallet trucks, and automated guided vehicles. All trucks are battery-powered with lithium-ion battery availability for nearly all models.
2. Automation Systems Projects: Planning and realization of warehouse automation projects including automated storage systems, mobile robots, and integrated material flow solutions. Combines higher-margin systems projects with equipment sales.
3. Rental Services: Short-term and long-term rental of new and used material handling equipment
4. Used Equipment: Refurbishment and sale of used trucks
5. After-Sales Services: Customer services including maintenance, repairs, spare parts, and lifecycle services. Comprehensive financial services also offered.
6. Stacker Cranes and Load Handling: Supply of stacker cranes and load handling equipment for automated warehouses

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Jungheinrich manufactures and sells battery-powered industrial trucks (electric forklifts, reach trucks, pallet trucks), automated storage and retrieval systems, autonomous mobile robots, and proprietary lithium-ion battery technology, complemented by warehouse management software, rental, after-sales services, and turnkey warehouse automation project planning for enterprise customers in industry, retail, logistics, automotive, food, and e-commerce sectors.

Product overview

Jungheinrich offers an integrated portfolio of intralogistics solutions combining hardware, software, and services. The core product lines include industrial trucks/forklifts (electric counterbalanced trucks, reach trucks like ETV 216i, pallet trucks including Ameise brand), automated warehouse systems (PowerCube automated storage, AS/RS stacker cranes, narrow-aisle trucks), and Autonomous Mobile Robots (AMR) such as the award-winning EAE 212a. The company manufactures proprietary lithium-ion batteries and offers cloud-based fleet management software for connected warehouse operations. The portfolio is complemented by a dual-brand strategy: the premium Jungheinrich brand and the value-focused AntOn by Jungheinrich sub-brand launched in 2026. Services include rental, after-sales support, used equipment refurbishment, and turnkey automation project planning. With over 1 million battery-powered vehicles in operation, the company holds a leading position in electrification and automation for intralogistics.

Differentiator

Problem solved

Functional benefit

Brands

• AntOn by Jungheinrich: Value-focused material handling brand offering cost-effective forklifts and pallet trucks for the entry-level segment, launched in 2026
• Jungheinrich Ameise
• Jungheinrich PROFISHOP
• FalcOn
• PowerCube
• EAE 212a
• ETV 216i
• AME 18

Products and services

• Industrial Trucks and Electric Forklifts Comprehensive portfolio of electric and battery-powered industrial trucks including counterbalanced forklifts, reach trucks, and pallet trucks, sold to enterprise warehouse and logistics customers with lithium-ion battery options across nearly all models.
• ETV 216i Electric Reach Truck Electric reach truck featuring advanced lithium-ion technology, designed for high-performance warehouse applications combining aesthetics, ergonomics, and performance for enterprise logistics buyers.
• EAE 212a Autonomous Mobile Robot (AMR) Autonomous Mobile Robot (AMR) for warehouse automation featuring AI-powered navigation, 2-day deployment, and pricing of €88,000-€95,000, targeted at warehouse and 3PL operators seeking flexible, infrastructure-light automation.
• AME 18 Electric Pallet Truck Electric pedestrian pallet truck for moving palletized loads in warehouses, retail, and logistics operations, recognized for outstanding design and ergonomic performance.
• PowerCube Automated Container Storage System Automated container storage system providing high-density storage with automated retrieval capabilities, deployed in major warehouse automation projects such as the Deutsche Aircraft Factory 4.0 facility at Leipzig/Halle Airport.
• Automated Storage and Retrieval Systems (AS/RS) Comprehensive range of automated warehouse systems including stacker cranes, narrow-aisle trucks, and multi-level shuttle systems for high-density storage and automated material handling, sold as turnkey automation projects to enterprise customers.
• AntOn by Jungheinrich Value Brand Value-focused material handling brand offering cost-effective electric forklifts (2,000-3,500 kg capacity) and 1,500 kg pallet trucks with lithium-ion batteries, targeting entry-level and cost-sensitive buyers in Asia-Pacific markets.
• Jungheinrich Ameise Pallet Trucks Established pallet truck brand offering manual and electric models for moving palletized loads in warehouses, retail, and logistics operations across Europe, sold via Profishop and direct sales.
• FalcOn High-Voltage Electric Forklift Technology High-voltage electric forklift technology bringing electrified heavy-duty performance to material handling equipment, enabling electric drives to serve previously combustion-dominated heavy-load applications.
• Warehouse Management Software (Cloud-based) Cloud-based digital products and software for fleet management, warehouse execution, and process optimization in connected warehouse operations, sold to enterprise customers as part of integrated intralogistics solutions.
• After-Sales Services and Lifecycle Support Comprehensive lifecycle services including maintenance, spare parts logistics, customer service, and support for the installed base of over 1 million battery-powered vehicles, provided through direct service companies across 42 countries.
• Rental Services Short-term and long-term rental of new and used material handling equipment, providing flexible access to Jungheinrich products without capital expenditure for enterprise and mid-market customers.
• Used Equipment Refurbishment and Resale Refurbishment and sale of used trucks as part of the integrated business model, extending product lifecycle and providing cost-effective options for customers.
• Warehouse Automation Project Planning and Integration Planning, design, integration, and realization of turnkey warehouse automation projects including AS/RS, mobile robots, and integrated material flow solutions, delivered as customized projects to enterprise customers.
• Jungheinrich Profishop E-commerce Storefront Own-brand online e-commerce storefront where SMB and individual buyers can purchase pallet trucks, stacker trucks, and warehouse equipment directly without sales representative involvement.

Quantifiable outcome

• Up to 30% improvement in order fulfillment rates with warehouse automation
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• MonolithcoreTechnology or Integration · 21 April 2026Partnership to use AI-driven tools for analyzing battery test data and accelerating battery development for electric forklifts. Collaboration aims to reduce reliance on physical testing using machine learning models that predict battery performance, cutting development time and prototype costs.
• AntOn Distributor Network (Korea)coreChannel Partner/ Reseller/ Distributor · 21 January 2026Recruiting new distributors to join the AntOn distributor network across Korea as part of market expansion efforts for the value-focused brand.
• Deutsche AircraftcoreOthers · 14 October 2025Selected to provide automated logistics solutions for Deutsche Aircraft's Factory 4.0 production facility at Leipzig/Halle Airport. First combination of PowerCube and AutoVNA technologies in the industry.
• EP EquipmentcoreStrategic or Co-development Partner · 8 May 2025Strategic partnership with Chinese forklift supplier EP Equipment to expand product portfolio and offer more electric trucks. Focus on lithium-ion powered material handling equipment with joint innovation and market expansion efforts.
• Wicke GmbHminorOthersCustomer reference and project execution partner cited as evidence of execution strength at LogiMAT 2026.
• Mainova AGminorOthersEnergy company customer for integrated Regional Warehouse East project in Frankfurt, commissioned following EU-wide tender process.
• Magazino GmbHcoreStrategic or Co-development PartnerAcquired in August 2023 to strengthen warehouse mobile robotics capabilities by integrating Magazino's robotics and navigation software.
• Storage Solutions GroupcoreStrategic or Co-development PartnerAcquired in January 2023 for $375 million to strengthen U.S. warehouse automation presence and offerings.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Crown Equipment: Privately held US-based forklift and material handling equipment manufacturer with strong electric truck portfolio and warehouse automation capabilities. Direct competitor in counterbalanced trucks, reach trucks, and warehouse solutions.
• KION Group: Frankfurt-listed European intralogistics leader and direct competitor through Linde Material Handling, STILL, and Dematic brands. Comparable product portfolio spanning forklifts, warehouse automation, and supply chain solutions serving identical enterprise customers.
• Dematic (KION subsidiary): Global leader in automated storage, retrieval systems, and integrated warehouse automation, owned by KION Group. Directly competes with Jungheinrich's PowerCube and AutoVNA AS/RS offerings in enterprise warehouse automation projects.
• Hyster-Yale Materials Handling: US-listed peer (HYSTER) designing and manufacturing lift trucks under Hyster and Yale brands, with complementary warehouse automation offerings. Directly competes in counterbalanced trucks and emerging AMR/automation segments.
• Mitsubishi Logisnext: Tokyo-listed forklift manufacturer (Mitsubishi Heavy Industries subsidiary) operating Cat, Mitsubishi, and UniCarriers brands globally. Comparable electric and IC truck portfolio serving logistics, manufacturing, and retail customers.

Emerging players

• EP Equipment: Chinese Li-ion forklift specialist and Jungheinrich strategic partner. Competes in the value segment with cost-effective electric material handling equipment, and represents both a partner and competitor in APAC and value-tier markets.
• Symbotic: US-based AI-enabled warehouse automation and robotics company serving large enterprise retailers. Represents the next-generation automation competitor and potential partner for Jungheinrich's automation ambitions, especially in North America.
• Hangcha Group: Chinese forklift manufacturer and rapidly growing exporter of electric and Li-ion forklifts into Europe and emerging markets. Represents the primary low-cost competitive threat that Jungheinrich's AntOn value brand and EP Equipment partnership are designed to counter.

Broad incumbents

• Toyota Material Handling: Global #1 forklift manufacturer by volume (Toyota Industries subsidiary) with full product range of electric and IC trucks, plus automation solutions. Comparable customer base across manufacturing, logistics, and retail with overlapping product categories.

Regional players

• Doosan Industrial Vehicle: Korean forklift manufacturer with global ambitions, particularly in electric trucks and automation. Comparable product range and regional competition in APAC, where Jungheinrich is expanding via the AntOn brand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jungheinrich
• Instagraminstagram.com/jungheinrich
• Xx.com/JungheinrichAG

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments3 records

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

Frequently asked questions about Jungheinrich