Global Power Take Off (PTO) Market Growth 2023-2029

Global Power Take Off (PTO) Market Growth 2023-2029

Product Code:449769

Published Date: Feb 08,2023

Pages: 118

Region: Global

Category: Machinery & Equipment

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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 (PTO) Industry Forecast” looks at past sales and reviews total world Power Take Off (PTO) sales in 2022, providing a comprehensive analysis by region and market sector of projected Power Take Off (PTO) sales for 2023 through 2029. With Power Take Off (PTO) 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 (PTO) industry.

This Insight Report provides a comprehensive analysis of the global Power Take Off (PTO) 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 (PTO) 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 (PTO) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Take Off (PTO) 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 (PTO).

The global Power Take Off (PTO) market size is projected to grow from US$ 416.4 million in 2022 to US$ 482.1 million in 2029; it is expected to grow at a CAGR of 482.1 from 2023 to 2029.

Global key players of power take off (PTO) include Interpump Group, Parker, Hyva, etc. The top three players hold a share about 78%. Europe is the largest producer, holds a share around 45%, followed by China and North America, with share 24% and 21%, separately. The largest market is China, holds a share about 37%, followed by Europe and North America, with around 26% and 17% market share respectively.

This report presents a comprehensive overview, market shares, and growth opportunities of Power Take Off (PTO) 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
    Weichai Power
    OMSI
    Bezares
    Zhejiang Bezares Power Transmission
    OMFB
    ZF Friedrichshafen AG
    Ozceylanlar Hydraulic Co.
    Kozanoğlu Kozmaksan Ltd.
    Hydreco Powauto
    SUNFAB
    MX Company
    Qijiang Gear Transmission

Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Take Off (PTO) market?
What factors are driving Power Take Off (PTO) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Take Off (PTO) market opportunities vary by end market size?
How does Power Take Off (PTO) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?