Tuesday, 02 January 2024 12:17 GMT

Forklift Aftermarket Services Industry Trends And Growth Outlook 2025-2030: Service Types, Distribution Channels, End User Sectors, Power Types, Lift Capacities, Regions, Leading Companies


(MENAFN- GlobeNewsWire - Nasdaq) Forklift aftermarket services present opportunities driven by predictive maintenance, digital training, and e-commerce channels. Sustainability efforts and regulatory changes foster innovation in powertrains and recyclable components.

Dublin, Sept. 11, 2025 (GLOBE NEWSWIRE) -- The "Forklift Aftermarket Services Market - Global Forecast 2025-2030" report has been added to ResearchAndMarkets's offering.

Forklift aftermarket services are evolving rapidly as digital transformation, supply chain complexities, and sustainability pressures reshape operational priorities across global industries. Senior leaders navigating this terrain face intensified demands to minimize downtime, optimize costs, and ensure fleet compliance through robust service and technology strategies.

Market Snapshot: Forklift Aftermarket Services

The forklift aftermarket services market is anchored by the critical need for operational continuity, especially in industries where efficient material handling is directly tied to competitiveness. Recent advancements in diagnostics, remote monitoring, and data analytics are redefining traditional service models, driving widespread adoption of predictive maintenance and advanced training solutions. Regulatory changes and tariff impacts further influence supply chain strategies, regional service approaches, and market segmentation. This landscape demands agility, technical expertise, and strategic partnerships to sustain growth.

Scope & Segmentation

This report analyzes the forklift aftermarket services sector across a comprehensive range of categories and geographic regions:

  • Service Types: Corrective maintenance, inspection and training programs, parts replacement (batteries, hydraulic components, safety systems, tires, transmission and drivetrain), and preventive maintenance (condition-based and scheduled programs).
  • Distribution Channels: E-commerce platforms, independent multi-brand and single-brand service providers, OEM-authorized channels, and third-party retailers.
  • End User Sectors: Construction, logistics and transport, manufacturing (including automotive, chemical and pharmaceuticals, food and beverage), retail and e-commerce, cold storage, and general warehousing.
  • Power Types: CNG, diesel, electric, and LPG forklifts.
  • Lift Capacities: Models up to 2.5 tons, between 2.5 and 5 tons, and equipment above 5 tons.
  • Regions: Americas (including United States, Canada, Mexico, Brazil, Argentina), EMEA (United Kingdom, Germany, France, Russia, Italy, Spain, UAE, Saudi Arabia, South Africa, Denmark, Netherlands, Qatar, Finland, Sweden, Nigeria, Egypt, Turkey, Israel, Norway, Poland, Switzerland), and Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Philippines, Malaysia, Singapore, Vietnam, Taiwan).
  • Leading Companies: Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Mitsubishi Logisnext Co., Ltd., Doosan Corporation, Komatsu Ltd., Clark Material Handling Company, Hyundai Heavy Industries Co., Ltd.

Key Takeaways

  • Predictive maintenance, powered by real-time telematics and remote diagnostics, is delivering measurable reductions in unplanned downtime and optimizing resource allocation for operators and service providers.
  • Digital training programs, including augmented reality modules and immersive simulations, are closing operator skill gaps and supporting compliance with evolving regulatory standards.
  • E-commerce platforms are improving accessibility and speed for parts procurement, prompting both OEMs and independents to diversify their online offerings and enhance customer experience.
  • Regulatory and sustainability drivers are pushing widespread adoption of energy-efficient powertrains and recyclable components, reshaping parts design and aftermarket support strategies.
  • Strategic partnerships and acquisitions-especially involving local suppliers and technology startups-are increasing supply chain resilience and accelerating adoption of innovative service tools.
  • Regional variations in regulatory frameworks, infrastructure maturity, and customer requirements highlight the value of localized expertise and compliance mechanisms for sustained success.

Tariff Impact

New U.S. tariffs introduced in 2025 have directly affected forklift aftermarket services by increasing component costs and reshaping procurement strategies. Providers now focus on domestic sourcing, supply chain diversification, and regional inventory consolidation to mitigate margin pressures. Strategic alliances with local manufacturers are emerging as viable solutions to maintain service responsiveness and reduce exposure to cross-border duties.

Methodology & Data Sources

This report employs a rigorous multi-stage research methodology, including executive interviews, field technician insights, and secondary reviews of industry publications and regulatory documents. Extensive data triangulation and segmentation analysis ensure robust and reliable findings aligned with current market realities.

Why This Report Matters

  • Enables senior decision-makers to anticipate disruptive trends and adapt fleet management strategies for competitive advantage.
  • Provides actionable insight into regional compliance dynamics and partnership opportunities for supply chain resilience.
  • Equips organizations to benchmark against industry leaders and optimize aftermarket service investment portfolios.

Key Topics Covered

1. Preface
2. Research Methodology
3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Market Sizing & Forecasting
5. Market Dynamics
5.1. Integration of IoT-enabled predictive maintenance platforms in forklift fleets
5.2. Adoption of electric forklift battery swapping stations to minimize downtime in aftermarket support
5.3. Utilization of advanced telematics data analytics for proactive forklift component replacement scheduling
5.4. Rise of mobile service vans equipped with remote diagnostics for on-site forklift repairs
5.5. Implementation of augmented reality modules for technician training in forklift aftermarket services
5.6. Expansion of sustainable remanufacturing programs for forklift parts to reduce environmental impact
5.7. Deployment of blockchain-enabled supply chain traceability for authentic forklift spare parts distribution
5.8. Growth of subscription-based forklift service models offering bundled maintenance and parts support
6. Market Insights
6.1. Porter's Five Forces Analysis
6.2. PESTLE Analysis
7. Cumulative Impact of United States Tariffs 2025

8. Forklift Aftermarket Services Market, by Service Type
8.1. Introduction
8.2. Corrective Maintenance
8.2.1. Breakdown Repair
8.2.2. Emergency Repair
8.3. Inspection & Training
8.3.1. Inspection Services
8.3.2. Operator Training
8.4. Parts Replacement
8.4.1. Batteries
8.4.2. Hydraulic Components
8.4.3. Safety Systems
8.4.4. Tires
8.4.5. Transmission & Drivetrain
8.5. Preventive Maintenance
8.5.1. Condition Based Maintenance
8.5.2. Scheduled Maintenance
9. Forklift Aftermarket Services Market, by Distribution Channel
9.1. Introduction
9.2. E Commerce Platforms
9.3. Independent Service Providers
9.3.1. Multi Brand Specialists
9.3.2. Single Brand Specialists
9.4. OEM Authorized Channel
9.5. Third Party Retailers
10. Forklift Aftermarket Services Market, by End User
10.1. Introduction
10.2. Construction
10.3. Logistics & Transport
10.4. Manufacturing
10.4.1. Automotive
10.4.2. Chemical & Pharmaceuticals
10.4.3. Food & Beverage
10.5. Retail & E Commerce
10.6. Warehousing
10.6.1. Cold Storage
10.6.2. General Warehousing
11. Forklift Aftermarket Services Market, by Power Type
11.1. Introduction
11.2. CNG
11.3. Diesel
11.4. Electric
11.5. LPG
12. Forklift Aftermarket Services Market, by Lift Capacity
12.1. Introduction
12.2. 2.5-5 Ton
12.3. Above 5 Ton
12.4. Up to 2.5 Ton
13. Americas Forklift Aftermarket Services Market
13.1. Introduction
13.2. United States
13.3. Canada
13.4. Mexico
13.5. Brazil
13.6. Argentina
14. Europe, Middle East & Africa Forklift Aftermarket Services Market
14.1. Introduction
14.2. United Kingdom
14.3. Germany
14.4. France
14.5. Russia
14.6. Italy
14.7. Spain
14.8. United Arab Emirates
14.9. Saudi Arabia
14.10. South Africa
14.11. Denmark
14.12. Netherlands
14.13. Qatar
14.14. Finland
14.15. Sweden
14.16. Nigeria
14.17. Egypt
14.18. Turkey
14.19. Israel
14.20. Norway
14.21. Poland
14.22. Switzerland
15. Asia-Pacific Forklift Aftermarket Services Market
15.1. Introduction
15.2. China
15.3. India
15.4. Japan
15.5. Australia
15.6. South Korea
15.7. Indonesia
15.8. Thailand
15.9. Philippines
15.10. Malaysia
15.11. Singapore
15.12. Vietnam
15.13. Taiwan
16. Competitive Landscape
16.1. Market Share Analysis, 2024
16.2. FPNV Positioning Matrix, 2024
16.3. Competitive Analysis
The companies profiled in this Forklift Aftermarket Services market report include:

  • Toyota Industries Corporation
  • KION Group AG
  • Jungheinrich AG
  • Crown Equipment Corporation
  • Hyster-Yale Materials Handling, Inc.
  • Mitsubishi Logisnext Co., Ltd.
  • Doosan Corporation
  • Komatsu Ltd.
  • Clark Material Handling Company
  • Hyundai Heavy Industries Co., Ltd.

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