Global Power Take-off Market Growth 2023-2029

Global Power Take-off Market Growth 2023-2029

Power take-off (PTO) is a device that transfers an engine’s mechanical power to another piece of equipment. A PTO allows the hosting energy source to transmit power to additional equipment that does not have its own engine or motor. For example, a PTO helps to run a jackhammer using a tractor engine. The power take-off is mainly used for dump trucks, fire trucks, cement mixer trucks, refrigerated trucks and other special vehicles that require additional power.
LPI (LP Information)' newest research report, the “Power Take-off Industry Forecast” looks at past sales and reviews total world Power Take-off sales in 2022, providing a comprehensive analysis by region and market sector of projected Power Take-off sales for 2023 through 2029. With Power Take-off sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Take-off industry.
This Insight Report provides a comprehensive analysis of the global Power Take-off landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Take-off portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Power Take-off market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Take-off and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Take-off.
The global Power Take-off market size is projected to grow from US$ 388.7 million in 2022 to US$ 585 million in 2029; it is expected to grow at a CAGR of 585 from 2023 to 2029.
Of the major players of Power Take Off (PTO), Interpump Group maintained its first place in the ranking. Interpump Group accounted for 38% the Global Power Take Off (PTO) revenue market share. Other players accounted for 12% and 7% including Parker and Hyva.
The market for Power Take Off (PTO) consumption divided into six geographic regions: The market in China Power Take Off (PTO) accounted for 40%, is estimated to represent the highest share.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Take-off market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Power Take Offs - 6 Bolt
Power Take Offs – 8 Bolt
Power Take Offs – 10 Bolt
Others
Segmentation by application
Automotive
Machinery
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Interpump Group
Parker
Hyva
OMFB
Weichai Power
Bezares
Zhejiang Bezares Power
Transmission Co.,Ltd
ZF Friedrichshafen AG
Kozanoğlu Kozmaksan Ltd.
Ozceylanlar Hydraulic Co.
OMSI
SUNFAB
MX Company
Qijiang Gear Transmission Co., Ltd. (QJGT)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Take-off market?
What factors are driving Power Take-off market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Take-off market opportunities vary by end market size?
How does Power Take-off break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.