Power Take Off (PTO) Market: By Type (Power Take Offs - 6 Bolt, Power Take Offs - 8 Bolt, Power Take Offs - 10 Bolt, Others), By Application (Automotive, Machinery, and Others) and Geography

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Power Take Off (PTO) Market size was valued at USD 410 billion in 2022, growing at a significant CAGR of 6.2% from 2023-2029. 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.

Power Take Off (PTO) Market Key Developments:

  • In May 2022, ZF announced joining forces with Mercedes-Benz Trucks to equip its electric trucks with eWorX, ZFs electrified Power Take-Off (PTO) system.
  • In May 2022, Ocean Harvesting has successfully completed the testing of a prototype in scale 1:10 of the power take-off (PTO) and the control system for the wave energy converter InfinityWEC, part of a project co-financed by the Swedish Energy Agency.

Power Take Off Pto Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.2%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Power Take Off (PTO) Market Dynamics

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.

Key Features of the Reports

  • The power take off (pto) market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Power Take Off Pto Market Segmentation

By Type
  • Power Take Offs - 6 Bolt
  • Power Take Offs - 8 Bolt
  • Power Take Offs - 10 Bolt
  • Others
By Application
  • Automotive
  • Machinery
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

The power take off (PTO) market size was valued at USD 410 billion in 2022.

The power take off (PTO) market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The power take off (PTO) market key players are Interpump Group, Parker, Hyva, OMFB, Weichai Power, Bezares, Zhejiang Bezares Power Transmission Co Ltd, ZF Friedrichshafen AG, Kozanoglu Kozmaksan Ltd, Ozceylanlar Hydraulic Co, OMS, SUNFAB

1.Executive Summary
2.Global Power Take Off (PTO) Market Introduction 
2.1.Global Power Take Off (PTO) Market  - Taxonomy
2.2.Global Power Take Off (PTO) Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.Region
3.Global Power Take Off (PTO) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Power Take Off (PTO) Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Power Take Off (PTO) Market  By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Power Take Offs - 6 Bolt
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Power Take Offs - 8 Bolt
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Power Take Offs - 10 Bolt
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Power Take Off (PTO) Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Automotive
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Machinery
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Others
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Power Take Off (PTO) Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Power Take Off (PTO) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Power Take Offs - 6 Bolt
8.1.2.Power Take Offs - 8 Bolt
8.1.3.Power Take Offs - 10 Bolt
8.1.4.Others
8.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Automotive
8.2.2.Machinery
8.2.3.Others
8.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Power Take Off (PTO) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Power Take Offs - 6 Bolt
9.1.2.Power Take Offs - 8 Bolt
9.1.3.Power Take Offs - 10 Bolt
9.1.4.Others
9.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Automotive
9.2.2.Machinery
9.2.3.Others
9.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10.Asia Pacific (APAC) Power Take Off (PTO) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Power Take Offs - 6 Bolt
10.1.2.Power Take Offs - 8 Bolt
10.1.3.Power Take Offs - 10 Bolt
10.1.4.Others
10.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Automotive
10.2.2.Machinery
10.2.3.Others
10.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Power Take Off (PTO) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Power Take Offs - 6 Bolt
11.1.2.Power Take Offs - 8 Bolt
11.1.3.Power Take Offs - 10 Bolt
11.1.4.Others
11.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Automotive
11.2.2.Machinery
11.2.3.Others
11.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Power Take Off (PTO) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Power Take Offs - 6 Bolt
12.1.2.Power Take Offs - 8 Bolt
12.1.3.Power Take Offs - 10 Bolt
12.1.4.Others
12.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Automotive
12.2.2.Machinery
12.2.3.Others
12.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Interpump Group
13.2.2.Parker
13.2.3.Hyva
13.2.4.OMFB
13.2.5.Weichai Power
13.2.6.Bezares
13.2.7.Zhejiang Bezares Power Transmission Co Ltd
13.2.8.ZF Friedrichshafen AG
13.2.9.Kozanoglu Kozmaksan Ltd
13.2.10.Ozceylanlar Hydraulic Co
13.2.11.OMS
13.2.12.SUNFAB
14. Research Methodology 
15. Appendix and Abbreviations 
  • Interpump Group
  • Parker
  • Hyva
  • OMFB
  • Weichai Power
  • Bezares
  • Zhejiang Bezares Power Transmission Co Ltd
  • ZF Friedrichshafen AG
  • Kozanoglu Kozmaksan Ltd
  • Ozceylanlar Hydraulic Co
  • OMS
  • SUNFAB

Adjacent Markets