Global Power Take-off Sales Market Report 2023

Market Analysis and Insights: Global Power Take-off Market

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.

Due to the COVID-19 pandemic, the global Power Take-off market size is estimated to be worth US$ 397.3 million in 2022 and is forecast to a readjusted size of US$ 592.3 million by 2029 with a CAGR of 5.8% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Power Take Offs - 6 Bolt accounting for % of the Power Take-off global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. 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 Scope and Market Size

The global Power Take-off market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Power Take-off market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


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 Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


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)

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