- Power Take Offs - 6 Bolt
- Power Take Offs - 8 Bolt
- Power Take Offs - 10 Bolt
Power Take Off (PTO) Market size was valued at USD 410.0 billion in 2021, growing at a CAGR of 6.2% from 2022-28.Â A PTO enables the hosting energy source to provide power to extra equipment that lacks its engine or motor. For example, A PTO allows a tractor engine to power a jackhammer. Agriculture equipment, trucks, and commercial vehicles all employ PTOs. Power take-off works by removing power from a running engine, shaft, or gear and passing it to a different machine or an associated implement. In many fields, various types of PTOs are used. For example, Semi-permanently installed power take-offs are commonly utilized to extract power from industrial and marine engines. Typically, these applications used a drive shaft and bolted joint to send power to a secondary tool or accessory. Such drive shafts could also power fire pumps in a marine application. The capacity to apply across a wide range of machinery types is driving the PTO market demand. The increasing number of Power Take-Off (PTO) market participants across geographies will likely fuel market expansion. Moreover, key vendors are likely to increase their production capabilities and company expansion investments during the research period. Many market participants are discovering attractive prospects in growing economies, where enormous populations are combined with innovative developments in various industries. Power Take Off 8-Bolt type is expected to expand at a healthy compound annual growth rate of 6.8% from 2022 to 2028. The market for the 8-bolt type accounted for a larger revenue share in 2021 and is projected to reach USD Million by 2025. These PTOs are widely used for high torque applications such as pneumatic blowers, large winches, and vacuum pumps.
Fastest Growing Market
The growing use of Power Take-Off (PTO) in automotive, machinery, and other industries propels the global Power Take-Off (PTO) market. Forestry and municipal machinery, including cranes, mowers, feeders, road sweepers, and firefighting equipment, all use them. Power take-offs are commonly utilized on backhoe loaders, dump trucks, loaders, and rough terrain forklift trucks in the construction industry. Waste collection trucks, crane trucks, car carrier trucks, low-loader trucks, and vacuum trucks, among others, all require power take-off units in their hydraulic systems. The increasing application of PTO drives the market worldwide. On the other hand, PTOs are a continuous threat to farmlands because of their quick rotation speed, operator error, and lack of suitable protecting or shielding cabinet or cage, limiting the market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.