Lathe is a machine tool that is principally used for shaping articles of metal, wood, or other materials. It is one of the most important machine tools in the metal working industry and operates on the principle of a rotating workpiece and a fixed cutting tool. In a lathe machine the cutting tool is feed into the workpiece that rotates about its own axis and causes the workpiece to be formed into the required shape. Some of the key components of a lathe machine include bed, carriage, headstock, and tailstock, feed rod, and lead screws.
The global lathe machines market is segmented based on type, operation, end-user industries, and geography. Based on type, the lathes are classified into vertical and horizontal lathes. By mode of operation, the lathe machine market is segmented into conventional or manually operated type and CNC lathes. CNC lathes accounted for a dominant share in 2015 and are expected to maintain their position over the forecast period. CNC lathes help the end-user industries to meet the requirements of high production rates, uniformity, and consistent part quality.
The global lathe machines market based on end-user industries is categorized into automotive, general manufacturing, transportation, and others. The automotive industry accounted for a larger share of the market in 2015 and is projected to grow at a CAGR of 6.3% over the forecast period. The lathe machines market growth in the automotive industry is driven by the growing automotive production demand and the requirement of complex CNC machines due to toughness of materials, complex geometries, and tight tolerances that are required for manufacturing automotive parts.
Geographically, the lathe machines market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Australia, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Key players profiled in the report include Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automation Inc., Hardinge Inc., HMT Machine Tools, JTEJT Corporation, Okuma Corporation, Samsung Machine Tools, and Yamazaki Mazak Corporation.
This study provides an in-depth analysis of the global lathe machines market along with current trends and future estimations to identify the potential investment pockets for stakeholders.
It presents information regarding key drivers, restraints, and opportunities along with their impact analysis.
Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers.
Quantitative analysis of the current market and estimations from 2014 to 2022 is provided to highlight the financial competency of the market.
The global lathe machines market is segmented on the basis of type, by operation, end-use industries, and geography.
Rest of Europe
Rest of Asia-Pacific
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter 2 Executive Summary
2.1. CXO Perspective
Chapter 3 Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Impacting Factors
3.2.3. Top Winning Strategies
3.3. Porters Five Forces Analysis
3.3.1. Low Bargaining Power Of Suppliers
3.3.2. High Bargaining Power Of Buyers
3.3.3. Low Threat Of Substitutes
3.3.4. High Competitive Rivalry
3.3.5. Moderate Threat Of New Entrants
3.4. Market Players Positioning
3.5. Market Dynamics
184.108.40.206. Growth In Consumer Disposable Income
220.127.116.11. Growing Automotive Industry
18.104.22.168. Growing Aerospace Industry
22.214.171.124. Growing Dominance Of Cnc Lathes
126.96.36.199. Chinese Economic Slowdown
188.8.131.52. Uncertainty In The Global Manufacturing Sector
184.108.40.206. Government And Environmental Regulations
220.127.116.11. Evolution Of Smart And Sustainable Manufacturing
Chapter 4 Global Lathe Machines Market, By Type
4.1.1. Market Size And Forecast
4.2. Horizontal Lathes
4.2.1. Key Market Trends
4.2.2. Key Drivers And Opportunities
4.2.3. Market Size And Forecast
4.3. Vertical Lathes
4.3.1. Key Market Trends
4.3.2. Key Drivers And Opportunities
4.3.3. Market Size And Forecast
Chapter 5 Global Lathe Machines Market, By Mode Of Operation
5.1.1. Market Size And Forecast
5.2. Conventional Lathes
5.2.1. Key Market Trends
5.2.2. Key Drivers And Opportunities
5.2.3. Market Size And Forecast
5.3. Cnc Lathes
5.3.1. Key Market Trends
5.3.2. Key Drivers And Opportunities
5.3.3. Market Size And Forecast
Chapter 6 Global Lathe Machines Market, End-User Industry
6.1.1. Market Size And Forecast
6.2.1. Key Market Trends
6.2.2. Key Drivers And Opportunities
6.2.3. Market Size And Forecast
6.3. General Machinery
6.3.1. Key Market Trends
6.3.2. Key Drivers And Opportunities
6.3.3. Market Size And Forecast
6.4.1. Key Market Trends
6.4.2. Key Drivers And Opportunities
6.4.3. Market Size And Forecast
6.5.1. Key Market Trends
6.5.2. Key Drivers And Opportunities
6.5.3. Market Size And Forecast
Chapter 7 Global Lathe Machines Market, By Geography
7.2. North America
7.2.1. Key Market Trends
7.2.2. Key Drivers And Opportunities
7.3.1. Key Market Trends
7.3.2. Key Drivers And Opportunities
18.104.22.168. Rest Of Europe
7.4.1. Key Market Trends
7.4.2. Key Drivers And Opportunities
22.214.171.124. Rest Of Asia-Pacific
7.5.1. Key Market Trends
7.5.2. Key Drivers And Opportunities
126.96.36.199. Latin America
188.8.131.52. Middle East
Chapter 8 Company Profiles
8.1. Dalian Machine Tool Corporation
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves And Developments
8.2. Dmg Mori Co., Ltd
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves And Developments
8.3. Doosan Machine Tools
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves And Developments
8.4. Haas Automation Inc.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves And Developments
8.5. Hardinge Inc
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves And Developments
8.6. Hmt Machine Tools
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves And Developments
8.7. Jtekt Corporation
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves And Developments
8.8. Okuma Corporation
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves And Developments
8.9. Samsung Machine Tools
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.10. Yamazaki Mazak Corporation
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves And Developments
Lathe machines are one of the most important machine tools used in the metal-working industry and are considered as powerful metal shaping machine tools. They transform the unfinished metal sheet into a variety of finished metal products, precise machine components, automotive spares, and body parts. Lathe machines include metal cutting tools that create desired product from metal sheets by scraping the unwanted metal.
The global lathe machines market is segmented based on type, mode of operation, end-user industry, and geography. By type, the lathe machine is classified into horizontal lathes and vertical lathes. The horizontal lathes segment was the most dominant type in 2015, and is estimated to grow at the highest rate during the forecast period. Horizontal lathes are machine tools used for glass working, metal working & spinning, and wood turning. The demand for these machines has increased considerably over the years owing to their ability to deform metal for a wide range of materials and constant advancements in technology.
Based on the mode of operation, the global lathe machines market is segmented into conventional or manually operated lathes and CNC (Computer Numerical Controlled) lathes. CNC lathes dominated the market in 2015 accounting for $8,121 million in 2015. CNC lathes have steadily replaced previous production lathes as they are simple to set up and operate, and require minimal supervision
The global lathe machines market based on end-user industry is classified into automotive, general machinery, transport, and others. The automotive segment dominated the market in 2015, accounting for $3,809 million. The lathe machines market for automotive segment is driven by the improvement in the economic conditions and the rise in consumer confidence, which have resulted in higher demand for new, fuel-efficient, and technologically advanced cars equipped with more safety features. This in turn has enhanced production rates for the industry, causing upsurge in demand for lathe machines.
Geographically, the market is studied across four regions, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the most dominant geographical market in 2015, and is estimated to grow at a CAGR of 3.2% owing to the emergence of Asian countries as global economic powers and their increase in interest in the development of their local manufacturing base.
Key findings of the Lathe Machines Market
CNC lathe machines market accounted for $8,121 million in 2015, and is expected to grow at a CAGR of 3.4% during the forecast period.
Lathe machines market for general machinery industry is expected to grow at a CAGR of 2.8%.
Horizontal lathe machines market was valued at $8,367 million in 2015.
Asia-Pacific is expected to be the fastest growing regional market, with a CAGR of 3.2%.
The key players in the lathe machines market focus on collaborations, partnerships, and product developments to remain competitive in the market. Some of the key players in the lathe machines market include Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automation Inc., Hardinge Inc., HMT Machine Tools, JTEJT Corporation, Okuma Corporation, Samsung Machine Tools, and Yamazaki Mazak Corporation.
- Dalian Machine Tool Corporation
- DMG Mori Co., Ltd
- Doosan Machine Tools
- Haas Automotive Inc.
- Hardinge, Inc.
- HMT Machine Tools
- JTEKT Corporation
- Okuma Corporation
- Samsung Machine Tools
- Yamazaki Mazak Corporation
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.