Global Forklift Market Strong Growth, Parts Demand Continues to Rise 📊🚀

In Q4 2025, the global forklift industry is showing strong recovery momentum.    According to the latest market research report, after reaching sales of 1.84 million    units in 2024, the global forklift market is expected to grow at a compound annual    growth rate of 4.5%, reaching a market size of 2.86 million units by 2034.    This growth trend brings enormous business opportunities to the forklift parts supply chain.

Market Recovery Signals Clear 📈

Data from industry giants Toyota and KION Group from Q4 2024 to Q1 2025 shows    an approximately 9% quarter-on-quarter increase in order backlogs, indicating    that channel inventory drawdown is nearing completion and the market is entering    a new growth cycle. The recovery in China's manufacturing PMI provides strong    support for this trend.

Particularly noteworthy is the outstanding performance of the US forklift market,    with a market size of $8.12 billion in 2025, projected to grow at an annual rate    of 9.1% to $12.55 billion by 2030. This rapid growth directly drives a significant    increase in parts repair and replacement demand.

Counterbalance Forklifts Lead the Market 🏆

In the distribution of forklift types, counterbalance forklifts dominate the market,    with increasingly widespread applications in transport and logistics operations.    Due to their stability and versatility, these forklifts are extensively used in ports,    warehousing, manufacturing, and other sectors, with corresponding parts demand    remaining consistently strong.

Main parts demand for counterbalance forklifts includes:
• Tires and drivetrain components
• Hydraulic system parts (cylinders, hoses, seals)
• Forks and mast assemblies
• Electrical system parts (sensors, controllers, harnesses)
• Brake system components
• Engine and transmission parts

Warehouse Automation Drives Parts Upgrading 🤖

The rapid development of e-commerce and the rise of omnichannel retail have made    warehouse automation an important driving force for industry development.    New generation forklifts equipped with telematics technology are becoming standard,    using advanced sensors and cloud-based data storage to help warehouse managers    remotely track and maintain their fleets.

This trend poses new requirements for parts suppliers: not only providing traditional    mechanical parts but also supplying electronic sensors, communication modules, data    collection devices, and other high-tech parts. TooMoToo is actively expanding its    product line to meet these changing market demands.

TooMoToo: Reliable Choice for Global Parts Supply 🌍

Facing the rapid growth and technological upgrading of the global forklift market,    TooMooToo consistently provides customers with high-quality, multi-category forklift    parts solutions. Our products cover mainstream forklift brands, from traditional    mechanical components to the latest electronic smart parts, meeting the differentiated    needs of various customers.

We understand that in this market environment with continuously rising parts demand,    supply chain stability and product quality reliability are crucial. With years of    industry experience and a comprehensive quality management system, TooMooToo has    become the preferred partner for numerous forklift manufacturers, repair service    providers, and parts distributors.

Seize Opportunities, Create the Future Together 🎯

With the continued recovery of the global economy and the prosperity of manufacturing    and logistics industries, the forklift parts market is experiencing unprecedented    development opportunities. The expansion of the third-party logistics (3PL) market,    increased construction activities, and road network expansion will continue to drive    the growth of forklift and parts demand.

TooMoToo sincerely invites global partners to work together to achieve mutual benefit    and win-win results in this market full of opportunities. Let us grasp the pulse of    industry development together and create greater value for customers! 💪