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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Power Take-off market for 2018-2023.
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.
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.
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.
Over the next five years, LPI(LP Information) projects that Power Take-off will register a 6.7% CAGR in terms of revenue, reach US$ 450 million by 2023, from US$ 330 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Take-off market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Power Take Offs - 6 Bolt
- Power Take Offs - 8 Bolt
- Power Take Offs - 10 Bolt
Segmentation by application:
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Interpump Group
- Weichai Power
- Kozanoglu Kozmaksan Ltd.
- Ozceylanlar Hydraulic Co.
- MX Company
- Qijiang Gear Transmission Co., Ltd. (QJGT)
- ZF Friedrichshafen AG
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Power Take-off consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Power Take-off market by identifying its various subsegments.
- Focuses on the key global Power Take-off manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Power Take-off with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Power Take-off submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.