Market Overview:
The global portable machine tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for portable machine tools in various end-use industries such as energy, oil and gas, manufacturing, construction, and others. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. On the basis of type, flange facing machines are expected to lead the global portable machine tools market during the forecast period from 2018 to 2030. This can be attributed to their growing demand in various end-use industries owing to their ability fulfill specific needs related machining operations with high accuracy levels. On account of this factor, these machines are being increasingly adopted by Original Equipment Manufacturers (OEMs) across different regions worldwide.
Product Definition:
Portable machine tools are tools that can be easily moved from one place to another. They are important because they allow people to work on projects without having to move the tools to the project.
Flange Facing Machines:
Flange facing machines are used to face the flanges of fasteners that hold parts or components together. The machine consists of a headstock, an indexing device, and a spindle. It is mainly used in portable machine tools market but also finds its application in heavy-duty machinery and large production facilities.
Line Boring Machines:
Line boring machines are used to create the required shape and size of a metal or non-metal cutting edge. The machine uses a rotating work piece that is fixed to the spindle by means ofa collet, which holds the work piece in place. A drill bit is then lowered onto the spindle and it's rotation is feeded into a machine tool using either manual or automatic systems.
Application Insights:
Manufacturing was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. Portable machine tools are widely used in manufacturing industries, such as automotive, aerospace and defense, packaging machinery, medical equipment and appliances among others. The global manufacturing industry has witnessed tremendous growth over the past few years owing to technological advancements coupled with economic recovery post-recession of 2009-10. This trend is expected to continue through 2018 & 2019 on account of increasing production levels across various industries worldwide.
The oil & gas sector accounted for a share of 15% in terms of revenue in 2017 due to extensive use for drilling and tapping operations at upstream oil fields as well as downstream petroleum refineries.
Regional Analysis:
Asia Pacific portable machine tools market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing demand for drilling and tapping machines, milling machines, and others in the region’s manufacturing sector. In addition, rising investments by various companies in developing countries such as China and India are anticipated to fuel regional product demand.
The growing construction industry in Asia Pacific owing to increased spending on infrastructure development is also likely drive product adoption across this region. For instance, according to the Asian Development Bank Institute (ADBI), annual investment flow into infrastructure has been estimated at around USD X billion per year between 2010-11 and 2014-15 which was largely used for construction activities including hospitals, schools/ colleges buildings among other commercial facilities.
Growth Factors:
- Increasing demand for miniaturization in portable machine tools
- Rising demand for high-precision portable machine tools
- Growing popularity of portable machine tools among small and medium enterprises (SMEs)
- Proliferation of advanced technologies in portable machine tools
- Rising investments in research and development (R&D) activities for the development of new and innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Machine Tools Market Research Report
By Type
Flange Facing Machines, Line Boring Machines, Drilling and Tapping Machines, Milling Machines, Others
By Application
Energy, Oil and Gas, Manufacturing, Construction, Others
By Companies
Mirage Machines, Climax, iZanda, Tri tool, Sir Meccanica, Jin Shaa Machines, York Portable Machine Tools
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Portable Machine Tools Market Report Segments:
The global Portable Machine Tools market is segmented on the basis of:
Types
Flange Facing Machines, Line Boring Machines, Drilling and Tapping Machines, Milling Machines, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Oil and Gas, Manufacturing, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mirage Machines
- Climax
- iZanda
- Tri tool
- Sir Meccanica
- Jin Shaa Machines
- York Portable Machine Tools
Highlights of The Portable Machine Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flange Facing Machines
- Line Boring Machines
- Drilling and Tapping Machines
- Milling Machines
- Others
- By Application:
- Energy
- Oil and Gas
- Manufacturing
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Machine Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Portable machine tools are machines that can be moved from one work area to another. They include a variety of different types of machines, including CNC (computer numerical control) machines and milling machines.
Some of the key players operating in the portable machine tools market are Mirage Machines, Climax, iZanda, Tri tool, Sir Meccanica, Jin Shaa Machines, York Portable Machine Tools.
The portable machine tools market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Machine Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Portable Machine Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Machine Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Portable Machine Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Portable Machine Tools Market Size & Forecast, 2018-2028
4.5.1 Portable Machine Tools Market Size and Y-o-Y Growth
4.5.2 Portable Machine Tools Market Absolute $ Opportunity
Chapter 5 Global Portable Machine Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Portable Machine Tools Market Size Forecast by Type
5.2.1 Flange Facing Machines
5.2.2 Line Boring Machines
5.2.3 Drilling and Tapping Machines
5.2.4 Milling Machines
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Portable Machine Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Portable Machine Tools Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Oil and Gas
6.2.3 Manufacturing
6.2.4 Construction
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Machine Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Portable Machine Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Portable Machine Tools Analysis and Forecast
9.1 Introduction
9.2 North America Portable Machine Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Portable Machine Tools Market Size Forecast by Type
9.6.1 Flange Facing Machines
9.6.2 Line Boring Machines
9.6.3 Drilling and Tapping Machines
9.6.4 Milling Machines
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Portable Machine Tools Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Oil and Gas
9.10.3 Manufacturing
9.10.4 Construction
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Portable Machine Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Portable Machine Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Portable Machine Tools Market Size Forecast by Type
10.6.1 Flange Facing Machines
10.6.2 Line Boring Machines
10.6.3 Drilling and Tapping Machines
10.6.4 Milling Machines
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Portable Machine Tools Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Oil and Gas
10.10.3 Manufacturing
10.10.4 Construction
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Portable Machine Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Portable Machine Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Portable Machine Tools Market Size Forecast by Type
11.6.1 Flange Facing Machines
11.6.2 Line Boring Machines
11.6.3 Drilling and Tapping Machines
11.6.4 Milling Machines
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Portable Machine Tools Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Oil and Gas
11.10.3 Manufacturing
11.10.4 Construction
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Portable Machine Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Portable Machine Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Portable Machine Tools Market Size Forecast by Type
12.6.1 Flange Facing Machines
12.6.2 Line Boring Machines
12.6.3 Drilling and Tapping Machines
12.6.4 Milling Machines
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Portable Machine Tools Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Oil and Gas
12.10.3 Manufacturing
12.10.4 Construction
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Portable Machine Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Portable Machine Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Portable Machine Tools Market Size Forecast by Type
13.6.1 Flange Facing Machines
13.6.2 Line Boring Machines
13.6.3 Drilling and Tapping Machines
13.6.4 Milling Machines
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Portable Machine Tools Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Oil and Gas
13.10.3 Manufacturing
13.10.4 Construction
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Portable Machine Tools Market: Competitive Dashboard
14.2 Global Portable Machine Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mirage Machines
14.3.2 Climax
14.3.3 iZanda
14.3.4 Tri tool
14.3.5 Sir Meccanica
14.3.6 Jin Shaa Machines
14.3.7 York Portable Machine Tools
