The global Power Take-off market was 330 million US$ in 2018 and is expected to 510 million US$ by the end of 2025, growing at a CAGR of 6.5% between 2019 and 2025.
Los Angeles, CA -- (SBWIRE) -- 04/23/2019 -- 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.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.
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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.
This report studies the Power Take-off market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Power Take-off in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
By the product type, the market is primarily split into
Power Take Offs - 6 Bolt
Power Take Offs – 8 Bolt
Power Take Offs – 10 Bolt
Others
By the end users/application, this report covers the following segments
Automotive
Machinery
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