Lathe Machine Market Synopsis:
Lathe Machine Market Size Was Valued at USD 26.3 Billion in 2023, and is Projected to Reach USD 38.8 Billion by 2032, Growing at a CAGR of 4.19 % from 2024-2032.
The lathe machine market has been gradually progressing owing to growing need for accurate machining all across industries including automobile, aviation, and manufacturing domains. Lathes play an important role in the processes of the material removal of metals, Wood and other materials with high accuracy for the manufacturing of Parts that have Tight tolerance limits. With industries spurring towards automation and precision trends, the demand for better lathe machines including computer numerical control lathes is on the rise. This trend is motivated by the increased need for quality and precision in manufacturing processes and ultimate manufacture of components.
The third factor to contribute to the growth of the lathe machine market is towards automation and Industry 4.0. hcp the accessibility of motorized CNC lathes is an indication that manufacturers can obtain high productivity, less human interference errors, and enhanced formation lines. These sophisticated devices provide higher stiffness, adaptability, and versatility plus the notion to control intricate shapes, which give an extensive application. Moreover, the application of technologies such as robotics and artificial intelligence (AI) to the lathe machines is enhancing efficiency and quality of the products in a way that helps businesses to meet the current need of modern industries.
On a regional level, Asia Pacific has the highest market share of lathe machine due to the increasing industrial application in China, India, and Japan. These nations have adopted the culture of providing production lines for many industries; thus, the need to use lathes for large production. Also, the increasing concern towards development and capital spending on smart manufacturing is expected to accelerate the demand for advanced lathe machines. It is also believed that North America and Europe will have a gradual growth as automation and precision manufacturing become important in aerospace, automobile, and health care industries. The need for ordering exclusively produced ordered parts is likely to drive the market further, along with gradually replacing old and less efficient equipment with the latest systems on the market.
Lathe Machine Market Trend Analysis:
Rising Adoption of CNC Lathe Machines
- Heavier use of precision and automated manufacturing solutions is influencing the use of CNC (Computer Numerical Control) lathe machines. Such machines offer the level of precision that cannot be easily achieved through manual means, shorter cycle time, and the capacity to work on complex geometries, thus are fundamentally vital in automotive, aerospace, and electronics industries. Moreover, with the help of the integration IT components such as IoT and AI into cnc lathes, real-time monitor and predicated maintenance ability can be improved and thus increases the efficiency and reliability of the CNC lathes. It will further continue as another means of cutting operational expenses while increasing production quality.
Growing Demand for Eco-Friendly Lathe Machines
- With the newfound focus on the environmental impact of products, manufacturers are increasing addressing this, to provide for the production of sustainable lathe machines. These are usually built to occupy less energy, use eco-friendly lubricants, and still discharge little waste. Since companies are shifting focus toward green manufacturing practices and governments are coming up with policies that curb industrial emissions, more firms are adopting these environmentally friendly products. Enterprises involved in funding sustainable products are not only reaching regulatory standards but also tapping the market’s eco-conscious consumers to drive further market expansion in the next few years.
Lathe Machine Market Segment Analysis:
Lathe Machine Market is Segmented on the basis of By type, operation, capacity, end user, and region
By Type, Vertical Lathes segment is expected to dominate the market during the forecast period
- Click for information on the lathe machine market by type including vertical lathe and horizontal lathe, used for different industrial applications. Vertical lathe is useful for dealing with large sized products, especially in aerospace and ship manufacturing industries, where precision and rigidity are important. The horizontal types, on the other hand, are predominant where high spindle speed is necessary as in automotive and general engineering. The decision between using the vertical and the horizontal lathes is based on the complexity of the system and its production, the material it is made from, and the quantity produced, all of which has driven the manufacturers to come up with improved systems to suit the various industry requirements.
End User, Automotive segment expected to held the largest share
- The lathe machine finds its application in automotive, general manufacturing, transportation and several others who seek precision machining and high efficiency tools. Special cars definitely require Lathe Machines in the automotive industry to manufacture engine parts, gears, and other substantial parts that meet the durability of intense car use. These machines come handy in general manufacturing practices to meet requirements on metal working, prototyping and production of unique manufacturing tools. The transportation industry also applies lathes in manufacturing parts needed for rail, maritime, and aerospace industries where accuracy and dependability are of outmost importance. Further, industries other than automobiles and machine tools industries, like health care and defense are also using advanced lathes for specialized and more precise applications which has expanded the market all the more.
Lathe Machine Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- The lathe machine market in North America is expected to have the largest market share during the forecast period because of its advanced and established manufacturing industry and high use of sophisticated technological tools. Arising from the established manufacturing companies the region relies on the sectors such as Aerospace, automotive, and defense among others, creates a large market for metalworking tools that includes lathe machines. Besides, advancing interest in the digitalization of machining processes and incorporations of smart technologies like IoT and AI into machining processes adds to its growth. The ability to establish domestic manufacturing capabilities through government policies collectively with the presence of large market players also helps North America dominate the lathe machine market globally.
Active Key Players in the Lathe Machine Market
- DMG Mori Co. Ltd (Japan)
- Doosan Machine Tools Co. Ltd. (South Korea)
- EMAG GmbH & Co. KG (Germany)
- Fair Friend Group (Taiwan)
- Haas Automation Inc. (USA)
- Hardinge Inc. (USA)
- HMT Machine Tools Limited (HMT Limited) (India)
- Hurco Companies Inc. (USA)
- JTEKT Corporation (Japan)
- Macpower CNC Machines Limited (India)
- Mazak Corporation (Japan)
- Okuma Corporation (Japan)
- SMEC CO. LTD (South Korea), and Other Active Players
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Lathe Machine Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 26.3 Billion |
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Forecast Period 2024-32 CAGR: |
4.19% |
Market Size in 2032: |
USD 38.8 Billion |
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Segments Covered: |
By Type |
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By Operation |
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Capacity |
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End User |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Lathe Machine Market by Type (2018-2032)
4.1 Lathe Machine Market Snapshot and Growth Engine
4.2 Market Overview
4.3 Vertical Lathes
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
4.3.3 Key Market Trends, Growth Factors, and Opportunities
4.3.4 Geographic Segmentation Analysis
4.4 Horizontal Lathes
Chapter 5: Lathe Machine Market by Operation (2018-2032)
5.1 Lathe Machine Market Snapshot and Growth Engine
5.2 Market Overview
5.3 Conventional Lathes
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Geographic Segmentation Analysis
5.4 CNC Lathes
5.5 Capacity
5.6 Heavy Duty
5.7 Medium Duty
5.8 Low Duty
5.9 End User
5.10 Automotive
5.11 General Manufacturing
5.12 Transportation
5.13 Others
5.14 North America (U.S.
5.15 Canada
5.16 Mexico)
5.17 Eastern Europe (Russia
5.18 Bulgaria
5.19 The Czech Republic
5.20 Hungary
5.21 Poland
5.22 Romania
5.23 Rest of Eastern Europe)
5.24 Western Europe (Germany
5.25 UK
5.26 France
5.27 The Netherlands
5.28 Italy
5.29 Spain
5.30 Rest of Western Europe)
5.31 Asia Pacific (China
5.32 India
5.33 Japan
5.34 South Korea
5.35 Malaysia
5.36 Thailand
5.37 Vietnam
5.38 The Philippines
5.39 Australia
5.40 New-Zealand
5.41 Rest of APAC)
5.42 Middle East & Africa (Turkey
5.43 Bahrain
5.44 Kuwait
5.45 Saudi Arabia
5.46 Qatar
5.47 UAE
5.48 Israel
5.49 South Africa)
5.50 South America (Brazil
5.51 Argentina
5.52 Rest of SA)
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Benchmarking
6.1.2 Lathe Machine Market Share by Manufacturer (2024)
6.1.3 Industry BCG Matrix
6.1.4 Heat Map Analysis
6.1.5 Mergers and Acquisitions
6.2 DMG MORI CO. LTD (JAPAN)
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Role of the Company in the Market
6.2.5 Sustainability and Social Responsibility
6.2.6 Operating Business Segments
6.2.7 Product Portfolio
6.2.8 Business Performance
6.2.9 Key Strategic Moves and Recent Developments
6.2.10 SWOT Analysis
6.3 DOOSAN MACHINE TOOLS CO. LTD. (SOUTH KOREA)
6.4 EMAG GMBH & CO. KG (GERMANY)
6.5 FAIR FRIEND GROUP (TAIWAN)
6.6 HAAS AUTOMATION INC. (USA)
6.7 HARDINGE INC. (USA)
6.8 HMT MACHINE TOOLS LIMITED (HMT LIMITED) (INDIA)
6.9 HURCO COMPANIES INC. (USA)
6.10 JTEKT CORPORATION (JAPAN)
6.11 MACPOWER CNC MACHINES LIMITED (INDIA)
6.12 MAZAK CORPORATION (JAPAN)
6.13 OKUMA CORPORATION (JAPAN)
6.14 SMEC CO. LTD (SOUTH KOREA)
6.15 OTHER ACTIVE PLAYERS.
Chapter 7: Global Lathe Machine Market By Region
7.1 Overview
7.2. North America Lathe Machine Market
7.2.1 Key Market Trends, Growth Factors and Opportunities
7.2.2 Top Key Companies
7.2.3 Historic and Forecasted Market Size by Segments
7.2.4 Historic and Forecasted Market Size by Type
7.2.4.1 Vertical Lathes
7.2.4.2 Horizontal Lathes
7.2.5 Historic and Forecasted Market Size by Operation
7.2.5.1 Conventional Lathes
7.2.5.2 CNC Lathes
7.2.5.3 Capacity
7.2.5.4 Heavy Duty
7.2.5.5 Medium Duty
7.2.5.6 Low Duty
7.2.5.7 End User
7.2.5.8 Automotive
7.2.5.9 General Manufacturing
7.2.5.10 Transportation
7.2.5.11 Others
7.2.5.12 North America (U.S.
7.2.5.13 Canada
7.2.5.14 Mexico)
7.2.5.15 Eastern Europe (Russia
7.2.5.16 Bulgaria
7.2.5.17 The Czech Republic
7.2.5.18 Hungary
7.2.5.19 Poland
7.2.5.20 Romania
7.2.5.21 Rest of Eastern Europe)
7.2.5.22 Western Europe (Germany
7.2.5.23 UK
7.2.5.24 France
7.2.5.25 The Netherlands
7.2.5.26 Italy
7.2.5.27 Spain
7.2.5.28 Rest of Western Europe)
7.2.5.29 Asia Pacific (China
7.2.5.30 India
7.2.5.31 Japan
7.2.5.32 South Korea
7.2.5.33 Malaysia
7.2.5.34 Thailand
7.2.5.35 Vietnam
7.2.5.36 The Philippines
7.2.5.37 Australia
7.2.5.38 New-Zealand
7.2.5.39 Rest of APAC)
7.2.5.40 Middle East & Africa (Turkey
7.2.5.41 Bahrain
7.2.5.42 Kuwait
7.2.5.43 Saudi Arabia
7.2.5.44 Qatar
7.2.5.45 UAE
7.2.5.46 Israel
7.2.5.47 South Africa)
7.2.5.48 South America (Brazil
7.2.5.49 Argentina
7.2.5.50 Rest of SA)
7.2.6 Historic and Forecast Market Size by Country
7.2.6.1 US
7.2.6.2 Canada
7.2.6.3 Mexico
7.3. Eastern Europe Lathe Machine Market
7.3.1 Key Market Trends, Growth Factors and Opportunities
7.3.2 Top Key Companies
7.3.3 Historic and Forecasted Market Size by Segments
7.3.4 Historic and Forecasted Market Size by Type
7.3.4.1 Vertical Lathes
7.3.4.2 Horizontal Lathes
7.3.5 Historic and Forecasted Market Size by Operation
7.3.5.1 Conventional Lathes
7.3.5.2 CNC Lathes
7.3.5.3 Capacity
7.3.5.4 Heavy Duty
7.3.5.5 Medium Duty
7.3.5.6 Low Duty
7.3.5.7 End User
7.3.5.8 Automotive
7.3.5.9 General Manufacturing
7.3.5.10 Transportation
7.3.5.11 Others
7.3.5.12 North America (U.S.
7.3.5.13 Canada
7.3.5.14 Mexico)
7.3.5.15 Eastern Europe (Russia
7.3.5.16 Bulgaria
7.3.5.17 The Czech Republic
7.3.5.18 Hungary
7.3.5.19 Poland
7.3.5.20 Romania
7.3.5.21 Rest of Eastern Europe)
7.3.5.22 Western Europe (Germany
7.3.5.23 UK
7.3.5.24 France
7.3.5.25 The Netherlands
7.3.5.26 Italy
7.3.5.27 Spain
7.3.5.28 Rest of Western Europe)
7.3.5.29 Asia Pacific (China
7.3.5.30 India
7.3.5.31 Japan
7.3.5.32 South Korea
7.3.5.33 Malaysia
7.3.5.34 Thailand
7.3.5.35 Vietnam
7.3.5.36 The Philippines
7.3.5.37 Australia
7.3.5.38 New-Zealand
7.3.5.39 Rest of APAC)
7.3.5.40 Middle East & Africa (Turkey
7.3.5.41 Bahrain
7.3.5.42 Kuwait
7.3.5.43 Saudi Arabia
7.3.5.44 Qatar
7.3.5.45 UAE
7.3.5.46 Israel
7.3.5.47 South Africa)
7.3.5.48 South America (Brazil
7.3.5.49 Argentina
7.3.5.50 Rest of SA)
7.3.6 Historic and Forecast Market Size by Country
7.3.6.1 Russia
7.3.6.2 Bulgaria
7.3.6.3 The Czech Republic
7.3.6.4 Hungary
7.3.6.5 Poland
7.3.6.6 Romania
7.3.6.7 Rest of Eastern Europe
7.4. Western Europe Lathe Machine Market
7.4.1 Key Market Trends, Growth Factors and Opportunities
7.4.2 Top Key Companies
7.4.3 Historic and Forecasted Market Size by Segments
7.4.4 Historic and Forecasted Market Size by Type
7.4.4.1 Vertical Lathes
7.4.4.2 Horizontal Lathes
7.4.5 Historic and Forecasted Market Size by Operation
7.4.5.1 Conventional Lathes
7.4.5.2 CNC Lathes
7.4.5.3 Capacity
7.4.5.4 Heavy Duty
7.4.5.5 Medium Duty
7.4.5.6 Low Duty
7.4.5.7 End User
7.4.5.8 Automotive
7.4.5.9 General Manufacturing
7.4.5.10 Transportation
7.4.5.11 Others
7.4.5.12 North America (U.S.
7.4.5.13 Canada
7.4.5.14 Mexico)
7.4.5.15 Eastern Europe (Russia
7.4.5.16 Bulgaria
7.4.5.17 The Czech Republic
7.4.5.18 Hungary
7.4.5.19 Poland
7.4.5.20 Romania
7.4.5.21 Rest of Eastern Europe)
7.4.5.22 Western Europe (Germany
7.4.5.23 UK
7.4.5.24 France
7.4.5.25 The Netherlands
7.4.5.26 Italy
7.4.5.27 Spain
7.4.5.28 Rest of Western Europe)
7.4.5.29 Asia Pacific (China
7.4.5.30 India
7.4.5.31 Japan
7.4.5.32 South Korea
7.4.5.33 Malaysia
7.4.5.34 Thailand
7.4.5.35 Vietnam
7.4.5.36 The Philippines
7.4.5.37 Australia
7.4.5.38 New-Zealand
7.4.5.39 Rest of APAC)
7.4.5.40 Middle East & Africa (Turkey
7.4.5.41 Bahrain
7.4.5.42 Kuwait
7.4.5.43 Saudi Arabia
7.4.5.44 Qatar
7.4.5.45 UAE
7.4.5.46 Israel
7.4.5.47 South Africa)
7.4.5.48 South America (Brazil
7.4.5.49 Argentina
7.4.5.50 Rest of SA)
7.4.6 Historic and Forecast Market Size by Country
7.4.6.1 Germany
7.4.6.2 UK
7.4.6.3 France
7.4.6.4 The Netherlands
7.4.6.5 Italy
7.4.6.6 Spain
7.4.6.7 Rest of Western Europe
7.5. Asia Pacific Lathe Machine Market
7.5.1 Key Market Trends, Growth Factors and Opportunities
7.5.2 Top Key Companies
7.5.3 Historic and Forecasted Market Size by Segments
7.5.4 Historic and Forecasted Market Size by Type
7.5.4.1 Vertical Lathes
7.5.4.2 Horizontal Lathes
7.5.5 Historic and Forecasted Market Size by Operation
7.5.5.1 Conventional Lathes
7.5.5.2 CNC Lathes
7.5.5.3 Capacity
7.5.5.4 Heavy Duty
7.5.5.5 Medium Duty
7.5.5.6 Low Duty
7.5.5.7 End User
7.5.5.8 Automotive
7.5.5.9 General Manufacturing
7.5.5.10 Transportation
7.5.5.11 Others
7.5.5.12 North America (U.S.
7.5.5.13 Canada
7.5.5.14 Mexico)
7.5.5.15 Eastern Europe (Russia
7.5.5.16 Bulgaria
7.5.5.17 The Czech Republic
7.5.5.18 Hungary
7.5.5.19 Poland
7.5.5.20 Romania
7.5.5.21 Rest of Eastern Europe)
7.5.5.22 Western Europe (Germany
7.5.5.23 UK
7.5.5.24 France
7.5.5.25 The Netherlands
7.5.5.26 Italy
7.5.5.27 Spain
7.5.5.28 Rest of Western Europe)
7.5.5.29 Asia Pacific (China
7.5.5.30 India
7.5.5.31 Japan
7.5.5.32 South Korea
7.5.5.33 Malaysia
7.5.5.34 Thailand
7.5.5.35 Vietnam
7.5.5.36 The Philippines
7.5.5.37 Australia
7.5.5.38 New-Zealand
7.5.5.39 Rest of APAC)
7.5.5.40 Middle East & Africa (Turkey
7.5.5.41 Bahrain
7.5.5.42 Kuwait
7.5.5.43 Saudi Arabia
7.5.5.44 Qatar
7.5.5.45 UAE
7.5.5.46 Israel
7.5.5.47 South Africa)
7.5.5.48 South America (Brazil
7.5.5.49 Argentina
7.5.5.50 Rest of SA)
7.5.6 Historic and Forecast Market Size by Country
7.5.6.1 China
7.5.6.2 India
7.5.6.3 Japan
7.5.6.4 South Korea
7.5.6.5 Malaysia
7.5.6.6 Thailand
7.5.6.7 Vietnam
7.5.6.8 The Philippines
7.5.6.9 Australia
7.5.6.10 New Zealand
7.5.6.11 Rest of APAC
7.6. Middle East & Africa Lathe Machine Market
7.6.1 Key Market Trends, Growth Factors and Opportunities
7.6.2 Top Key Companies
7.6.3 Historic and Forecasted Market Size by Segments
7.6.4 Historic and Forecasted Market Size by Type
7.6.4.1 Vertical Lathes
7.6.4.2 Horizontal Lathes
7.6.5 Historic and Forecasted Market Size by Operation
7.6.5.1 Conventional Lathes
7.6.5.2 CNC Lathes
7.6.5.3 Capacity
7.6.5.4 Heavy Duty
7.6.5.5 Medium Duty
7.6.5.6 Low Duty
7.6.5.7 End User
7.6.5.8 Automotive
7.6.5.9 General Manufacturing
7.6.5.10 Transportation
7.6.5.11 Others
7.6.5.12 North America (U.S.
7.6.5.13 Canada
7.6.5.14 Mexico)
7.6.5.15 Eastern Europe (Russia
7.6.5.16 Bulgaria
7.6.5.17 The Czech Republic
7.6.5.18 Hungary
7.6.5.19 Poland
7.6.5.20 Romania
7.6.5.21 Rest of Eastern Europe)
7.6.5.22 Western Europe (Germany
7.6.5.23 UK
7.6.5.24 France
7.6.5.25 The Netherlands
7.6.5.26 Italy
7.6.5.27 Spain
7.6.5.28 Rest of Western Europe)
7.6.5.29 Asia Pacific (China
7.6.5.30 India
7.6.5.31 Japan
7.6.5.32 South Korea
7.6.5.33 Malaysia
7.6.5.34 Thailand
7.6.5.35 Vietnam
7.6.5.36 The Philippines
7.6.5.37 Australia
7.6.5.38 New-Zealand
7.6.5.39 Rest of APAC)
7.6.5.40 Middle East & Africa (Turkey
7.6.5.41 Bahrain
7.6.5.42 Kuwait
7.6.5.43 Saudi Arabia
7.6.5.44 Qatar
7.6.5.45 UAE
7.6.5.46 Israel
7.6.5.47 South Africa)
7.6.5.48 South America (Brazil
7.6.5.49 Argentina
7.6.5.50 Rest of SA)
7.6.6 Historic and Forecast Market Size by Country
7.6.6.1 Turkiye
7.6.6.2 Bahrain
7.6.6.3 Kuwait
7.6.6.4 Saudi Arabia
7.6.6.5 Qatar
7.6.6.6 UAE
7.6.6.7 Israel
7.6.6.8 South Africa
7.7. South America Lathe Machine Market
7.7.1 Key Market Trends, Growth Factors and Opportunities
7.7.2 Top Key Companies
7.7.3 Historic and Forecasted Market Size by Segments
7.7.4 Historic and Forecasted Market Size by Type
7.7.4.1 Vertical Lathes
7.7.4.2 Horizontal Lathes
7.7.5 Historic and Forecasted Market Size by Operation
7.7.5.1 Conventional Lathes
7.7.5.2 CNC Lathes
7.7.5.3 Capacity
7.7.5.4 Heavy Duty
7.7.5.5 Medium Duty
7.7.5.6 Low Duty
7.7.5.7 End User
7.7.5.8 Automotive
7.7.5.9 General Manufacturing
7.7.5.10 Transportation
7.7.5.11 Others
7.7.5.12 North America (U.S.
7.7.5.13 Canada
7.7.5.14 Mexico)
7.7.5.15 Eastern Europe (Russia
7.7.5.16 Bulgaria
7.7.5.17 The Czech Republic
7.7.5.18 Hungary
7.7.5.19 Poland
7.7.5.20 Romania
7.7.5.21 Rest of Eastern Europe)
7.7.5.22 Western Europe (Germany
7.7.5.23 UK
7.7.5.24 France
7.7.5.25 The Netherlands
7.7.5.26 Italy
7.7.5.27 Spain
7.7.5.28 Rest of Western Europe)
7.7.5.29 Asia Pacific (China
7.7.5.30 India
7.7.5.31 Japan
7.7.5.32 South Korea
7.7.5.33 Malaysia
7.7.5.34 Thailand
7.7.5.35 Vietnam
7.7.5.36 The Philippines
7.7.5.37 Australia
7.7.5.38 New-Zealand
7.7.5.39 Rest of APAC)
7.7.5.40 Middle East & Africa (Turkey
7.7.5.41 Bahrain
7.7.5.42 Kuwait
7.7.5.43 Saudi Arabia
7.7.5.44 Qatar
7.7.5.45 UAE
7.7.5.46 Israel
7.7.5.47 South Africa)
7.7.5.48 South America (Brazil
7.7.5.49 Argentina
7.7.5.50 Rest of SA)
7.7.6 Historic and Forecast Market Size by Country
7.7.6.1 Brazil
7.7.6.2 Argentina
7.7.6.3 Rest of SA
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies
Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
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Lathe Machine Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 26.3 Billion |
|
Forecast Period 2024-32 CAGR: |
4.19% |
Market Size in 2032: |
USD 38.8 Billion |
|
Segments Covered: |
By Type |
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By Operation |
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|
Capacity |
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|
End User |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Lathe Machine Market research report is 2024-2032.
DMG Mori Co. Ltd (Japan), Doosan Machine Tools Co. Ltd. (South Korea), EMAG GmbH & Co. KG (Germany), Fair Friend Group (Taiwan), Haas Automation Inc. (USA), Hardinge Inc. (USA), HMT Machine Tools Limited (HMT Limited) (India), Hurco Companies Inc. (USA), JTEKT Corporation (Japan), Macpower CNC Machines Limited (India), Mazak Corporation (Japan), Okuma Corporation (Japan), SMEC CO. LTD (South Korea), and Other Active Players.
The Lathe Machine Market is segmented into by Type, Application, Operation, Capacity, End User and region. by Type (Vertical Lathes, Horizontal Lathes), Operation (Conventional Lathes, CNC Lathes), Capacity (Heavy Duty, Medium Duty, Low Duty), End User (Automotive, General Manufacturing, Transportation, and Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Russia; Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; The Netherlands; Italy; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
A lathe machine is a versatile tool used in manufacturing and machining processes to shape, cut, drill, and perform other operations on materials such as metal, wood, and plastic. By rotating the workpiece against various cutting tools, the lathe ensures precision and uniformity in producing components of varying complexities. Widely employed in industries like automotive, aerospace, and metalworking, lathe machines come in different types, including CNC (computer numerical control) and manual lathes, catering to diverse application needs. Their ability to handle intricate designs and repetitive tasks makes them an essential part of modern manufacturing processes.
Lathe Machine Market Size Was Valued at USD 26.3 Billion in 2023, and is Projected to Reach USD 38.8 Billion by 2032, Growing at a CAGR of 4.19 % from 2024-2032.
