Global Portable Machine Tools Market By Type (Flange Facing Machines, Line Boring Machines, Drilling and Tapping Machines, Milling Machines, and Others), By Application (Energy, Oil and Gas, Manufacturing, Construction, and Others), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2028

Market.US announces publication of its most recently generated research report titled, “Global Portable Machine Tools Market by Product Type (Flаngе Fасіng Масhіnеѕ, Drіllіng аnd Тарріng Масhіnеs, Milling Machines, Hot Tapping Machines, Clamshell Pipe Cutting Machines, and Other Product Type), By Industry Vertical (Energy, Oil & Gas, Manufacturing, and Other Industry Verticals), and by Region – Global Forecast to 2030”, which offers a holistic view of the global portable machine tools market through systematic segmentation that covers every aspect of the target market.

A machine tool is a machine used to perform machining operations (such as grinding, cutting, shearing, trimming, etc.) on metals or rigid materials. All types of machine tools have methods to constrain workpieces or objects and provide machine tool parts to guide movement.

Before 2500 BC, ancient Egypt noticed the existence of various machine tools. Due to the industrial revolution in countries such as the United Kingdom and the United States, machine tools became popular in the late 1700s. In the early days, most were used for machine tools powered by animal or human muscle power.

But in today’s era, machine tools are driven by pneumatics, hydraulics, and electricity. Now, most manufacturing companies are shifting from traditional fixed machine tools to portable machine tools.

Global Portable Machine Tools Market Revenue (US$ Mn), 2020–2030

The process of disassembling the workpiece or equipment in order to transport it to the machine shop is very frustrating and time-consuming. The portable machine tool can be easily transported to the location of the workpiece or equipment.

Due to the use of portable machine tools, logistics costs and workpiece movement is reduced, which is expected to drive the growth of the target market. Whereas, compared with stationary machine tools, the cost of portable machine tools is higher. In addition, fluctuations in prices and raw material suppliers are expected to limit the growth of the global portable machine tool market.

Global Portable Machine Tools Market Attractiveness Analysis by Product Type, 2021 – 2030

The research report on the global portable machine tools market includes profiles of some of the major companies such as Enerpac Tool Group Corp. (Mirage Machines Limited Products), CLIMAX Portable Machining Tools Inc., Tri Tool Inc., Sir Meccanica S.p.A., Thermotech AS (Normaco – Portable Machining Tools) Protem Usa Llc, Protem Usa Llc, Mauco Tools, York Portable Machine Tools, Jin Shaa Machines, Shenzhen Zhuoyang Machinery Co., Ltd., and others

Global Portable Machine Tools Market Segments based on Product Type, Industry Vertical, and Region

Based on Product Type

• Flаngе Fасіng Масhіnеѕ
• Drіllіng аnd Тарріng Масhіnеs
• Milling Machines
• Hot Tapping Machines
• Clamshell Pipe Cutting Machines
• Other Product Types

Based on Industry Vertical

• Energy
• Oil & Gas
• Manufacturing
• Other Industry Verticals

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Based on Key Players

• Enerpac Tool Group Corp. (Mirage Machines Limited Products)
• CLIMAX Portable Machining Tools Inc.
• Tri Tool Inc.
• Sir Meccanica S.p.A.
• Thermotech AS (Normaco – Portable Machining Tools) Protem Usa Llc
• Protem Usa Llc
• Mauco Tools
• York Portable Machine Tools
• Jin Shaa Machines
• Shenzhen Zhuoyang Machinery Co. Ltd.
• others

For the Portable Machine Tools Market research study, the following years have been considered to estimate the market size: