The global lathe machines market reached a value of US$ 22.7 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 31.12 Billion by 2027 exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
The growing trend of industrial automation and precision manufacturing represents one of the major factors bolstering the market growth as lathe machines enhance product uniformity and improve the value chain. Moreover, lathe machines are gaining traction in manufacturing various medical implants and equipment on account of their high speed, accuracy and reduced operating costs. Apart from this, the escalating demand for fuel-efficient automobiles with advanced safety features is promoting the adoption of lathe machines for forming different parts of vehicles. Due to the availability of technical expertise, cheap labor and low raw material costs, several foreign firms are setting up their manufacturing facilities in emerging countries like China and India. This is creating lucrative opportunities for manufacturers to expand their consumer base and maintain a competitive edge. Furthermore, the emergence of the Fourth Industry Revolution (Industry 4.0) is encouraging the integration of the Internet of Things (IoT) in lathe machines, which is anticipated to drive the market.
The publisher provides an analysis of the key trends in each sub-segment of the global lathe machines market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, operation, capacity and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being DMG Mori Co. Ltd, Doosan Machine Tools Co. Ltd., EMAG GmbH & Co. KG, Fair Friend Group, Haas Automation Inc., Hardinge Inc., HMT Machine Tools Limited (HMT Limited), Hurco Companies Inc., JTEKT Corporation, Macpower CNC Machines Limited, Mazak Corporation, Okuma Corporation and SMEC CO. LTD.
Lathe machines are used to shape metal, wood and other materials into desired shapes and sizes. These machines operate on the rotating workpiece principle and utilize fixed cutting tools that help in facing, centering, chamfering, knurling, drilling, boring, reaming, tapping, thread cutting and parting off. They comprise leg, bed, chuck, apron, headstock, tailstock, carriage, saddle, cross-slide, compound rest, tool post, lead screw, feed rod and main spindle. At present, they find extensive applications in woodturning, metal spinning, thermal spraying, glass working and parts reclamation. Lathe Machines Market Trends:
The growing trend of industrial automation and precision manufacturing represents one of the major factors bolstering the market growth as lathe machines enhance product uniformity and improve the value chain. Moreover, lathe machines are gaining traction in manufacturing various medical implants and equipment on account of their high speed, accuracy and reduced operating costs. Apart from this, the escalating demand for fuel-efficient automobiles with advanced safety features is promoting the adoption of lathe machines for forming different parts of vehicles. Due to the availability of technical expertise, cheap labor and low raw material costs, several foreign firms are setting up their manufacturing facilities in emerging countries like China and India. This is creating lucrative opportunities for manufacturers to expand their consumer base and maintain a competitive edge. Furthermore, the emergence of the Fourth Industry Revolution (Industry 4.0) is encouraging the integration of the Internet of Things (IoT) in lathe machines, which is anticipated to drive the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global lathe machines market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, operation, capacity and end user.
Breakup by Type:
- Vertical Lathes
- Horizontal Lathes
Breakup by Operation: Conventional Lathes
- CNC Lathes
Breakup by Capacity:
- Heavy Duty
- Medium Duty
- Low Duty
Breakup by End User:
- Automotive
- General Manufacturing
- Transportation
- Others
Breakup by Region: North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being DMG Mori Co. Ltd, Doosan Machine Tools Co. Ltd., EMAG GmbH & Co. KG, Fair Friend Group, Haas Automation Inc., Hardinge Inc., HMT Machine Tools Limited (HMT Limited), Hurco Companies Inc., JTEKT Corporation, Macpower CNC Machines Limited, Mazak Corporation, Okuma Corporation and SMEC CO. LTD.
Key Questions Answered in This Report:
- How has the global lathe machines market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global lathe machines market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the operation?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global lathe machines market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Lathe Machines Market
What is the estimated value of the Global Lathe Machines Market?
What is the growth rate of the Global Lathe Machines Market?
What is the forecasted size of the Global Lathe Machines Market?
Who are the key companies in the Global Lathe Machines Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 22.7 Billion |
| Forecasted Market Value ( USD | $ 31.12 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Lathe Machines Market
6 Market Breakup by Type
7 Market Breakup by Operation
8 Market Breakup by Capacity
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- DMG Mori Co. Ltd
- Doosan Machine Tools Co. Ltd.
- EMAG GmbH & Co. KG
- Fair Friend Group
- Haas Automation Inc.
- Hardinge Inc.
- HMT Machine Tools Limited (HMT Limited)
- Hurco Companies Inc.
- JTEKT Corporation
- Macpower CNC Machines Limited
- Mazak Corporation
- Okuma Corporation
- SMEC CO. LTD.
Methodology
LOADING...
