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.

Market Analysis and Insights: Global Power Take-off Market

Due to the COVID-19 pandemic, the global Power Take-off market size is estimated to be worth US$ 422.3 million in 2022 and is forecast to a readjusted size of US$ 592.3 million by 2028 with a CAGR of 5.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Power Take Offs - 6 Bolt accounting for % of the Power Take-off global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.

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.

Global Power Take-off Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Power Take-off Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Power Take Offs - 6 Bolt

Power Take Offs – 8 Bolt

Power Take Offs – 10 Bolt

Others


Segment by Application


Automotive

Machinery


By Company


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)


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina