Los Angeles, CA -- (SBWire) -- 02/15/2019 --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. PTOs are commonly used in farming equipment, trucks and commercial vehicles.
United States is the largest consumption regions of Power Take-off, with a revenue market share nearly 30.00% in 2016.The second place is Europe; following United States with the revenue market share over 27.56% in 2016. China is another important consumption market of Power Take-off.
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Power Take-off used in industry including Automotive and Machinery. Report data showed that 86.33% of the Power Take-off market demand in Automotive in 2016.
Briefly speaking, in the next few years, Power Take-off industry will still be a relative steady industry. Sales of Power Take-off have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
The global Power Take-off market is valued at 330 million US$ in 2018 is expected to reach 510 million US$ by the end of 2025, growing at a CAGR of 6.5% during 2019-2025.
This report focuses on Power Take-off volume and value at global level, regional level and company level. From a global perspective, this report represents overall Power Take-off market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Interpump Group, Parker, Bezares, OMFB, Weichai Power, Hyva, Kozano?lu Kozmaksan Ltd., Ozceylanlar Hydraulic Co., OMSI, SUNFAB, MX Company, Qijiang Gear Transmission Co., Ltd. (QJGT), ZF Friedrichshafen AG
Segment by Type
Power Take Offs - 6 Bolt, Power Take Offs – 8 Bolt, Power Take Offs – 10 Bolt, Others
Segment by Application
Automotive, Machinery
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Global Power Take-off Market Is Presume to Reach US$ 510 Mn by 2025
Power Take-off Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.