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Acquire Market Research has announced a new report titled “Global Power Take-off Market Growth 2019-2024” to their offerings

According to this study, over the next five years the Power Take-off Market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 450 million by 2024, from US$ 330 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Power Take-off business.

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.

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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.

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.

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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 and countries.

This study considers the Power Take-off 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

Others

Segmentation by application:

Automotive

Machinery

This report also splits the market by region:

Americas (United States, Canada, Mexico, Brazil)

APAC( China, Japan, Korea, Southeast Asia, India, Australia)

Europe( 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.

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The key manufacturers covered in this report:

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.

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.

Research objectives

To study and analyze the global Power Take-off consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

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.