Top 20

As demand for North American warehouse space soars, third-party logistics providers find new ways to serve their growing customer bases.

It was another solid growth year for most of the Top 20 manufacturers of lift trucks. The pandemic was clearly the trigger for some pent-up demand in 2021, but continued growth in 2022 speaks to the value OEMs bring to the table not just with trucks, but with technologies and automation to improve operational performance.

Demand for dry and cold chain warehousing remained strong in 2022 and is expected to continue climbing steadily in 2023. As the sectors continue to evolve, warehouse operators are attracting investor attention, consolidating, and changing their names.

The upward trajectory for warehouse automation system suppliers continued this year with growth for the Top 20 list at 23%, driven by e-commerce pressures and the resulting need for more automation in fulfillment operations.

With e-commerce fulfillment as a catalyst, both the third-party logistics and cold storage warehousing market in North America continue to post healthy gains.

With e-commerce fulfillment as a catalyst, both the third-party logistics and cold storage warehousing market in North America continue to post healthy gains.

With supply chains in disarray and the labor shortage persisting, companies across the board are turning to automatic identification and data capture (AIDC) solutions to help them work smarter, better and faster.

This year’s list shows growth in a trying year, fueled by the e-commerce surge and a corresponding need to step up the automation of fulfillment centers.

Battling the impacts of the global pandemic and handling a massive surge in e-commerce orders, North American third-party logistics providers saw their business remain fairly even in 2020 while the e-commerce portion grew by 28% over 2019.

The North American lift truck market was down slightly in 2019, but still saw some growth and ranked as the third-best year yet.

Although the coming year promises to paint a different picture, the industry continued to build upon record growth in 2019

As the heavy hitters continue steady growth, robotics, automation and artificial intelligence are helping propel smaller players upward.

Focused on enhancing productivity, gaining efficiencies and improving labor utilization in the warehouse and DC, companies buoy the lift truck market by continuing to invest in both electric and internal combustion vehicles.

The technology that drives today’s supply chains is getting stronger, better and faster thanks to an innovative group of suppliers pushing the envelope.

Records continue to topple as the industry achieves robust, global and nearly universal growth.