Materials handling equipment that does a counterbalanced type belong to Fork lift Trucks?

Yes, A  counterbalance forklift truck operates a counterbalance weight design with a weight at the rear of the truck, off-setting the load to be lifted at the front. These trucks are used in many storage, warehouse and distribution systems where they carry out loading, stacking and horizontal transport functions. Ideal for use where stock is transported on pallets as the forks extend from the front of the counterbalance trucks, meaning the truck can be driven up to the exact location of the load. This makes their operation straightforward and less challenging.