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Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 175 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820781
Description Jump to:
The global lathe machines market size reached US$ 24.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 32.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

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 report, along with forecasts at the global, regional and country level from 2023-2028. 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

1. What was the size of the global lathe machines market in 2022?
2. What is the expected growth rate of the global lathe machines market during 2023-2028?
3. What are the key factors driving the global lathe machines market?
4. What has been the impact of COVID-19 on the global lathe machines market?
5. What is the breakup of the global lathe machines market based on the type?
6. What is the breakup of the global lathe machines market based on the operation?
7. What is the breakup of the global lathe machines market based on the capacity?
8. What is the breakup of the global lathe machines market based on the end user?
9. What are the key regions in the global lathe machines market?
10. Who are the key players/companies in the global lathe machines market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Lathe Machines Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Vertical Lathes
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Horizontal Lathes
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Operation
7.1 Conventional Lathes
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 CNC Lathes
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Capacity
8.1 Heavy Duty
8.1.1 Market Heavy Duty Trends
8.1.2 Market Forecast
8.2 Medium Duty
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Low Duty
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End User
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 General Manufacturing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Transportation
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 DMG Mori Co. Ltd
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Doosan Machine Tools Co. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 EMAG GmbH & Co. KG
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Fair Friend Group
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Haas Automation Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Hardinge Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 HMT Machine Tools Limited (HMT Limited)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Hurco Companies Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 JTEKT Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Macpower CNC Machines Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Mazak Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Okuma Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 SMEC CO. LTD
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
List of Figures
Figure 1: Global: Lathe Machines Market: Major Drivers and Challenges
Figure 2: Global: Lathe Machines Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Lathe Machines Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Lathe Machines Market: Breakup by Type (in %), 2022
Figure 5: Global: Lathe Machines Market: Breakup by Operation (in %), 2022
Figure 6: Global: Lathe Machines Market: Breakup by Capacity (in %), 2022
Figure 7: Global: Lathe Machines Market: Breakup by End User (in %), 2022
Figure 8: Global: Lathe Machines Market: Breakup by Region (in %), 2022
Figure 9: Global: Lathe Machines (Vertical Lathes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Lathe Machines (Vertical Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Lathe Machines (Horizontal Lathes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Lathe Machines (Horizontal Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Lathe Machines (Conventional Lathes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Lathe Machines (Conventional Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Lathe Machines (CNC Lathes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Lathe Machines (CNC Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Lathe Machines (Heavy Duty) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Lathe Machines (Heavy Duty) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Lathe Machines (Medium Duty) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Lathe Machines (Medium Duty) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Lathe Machines (Low Duty) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Lathe Machines (Low Duty) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Lathe Machines (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Lathe Machines (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Lathe Machines (General Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Lathe Machines (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Lathe Machines (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Lathe Machines (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Lathe Machines (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Lathe Machines (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Lathe Machines Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Lathe Machines Industry: SWOT Analysis
Figure 81: Global: Lathe Machines Industry: Value Chain Analysis
Figure 82: Global: Lathe Machines Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Lathe Machines Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Lathe Machines Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Lathe Machines Market Forecast: Breakup by Operation (in Million US$), 2023-2028
Table 4: Global: Lathe Machines Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
Table 5: Global: Lathe Machines Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Lathe Machines Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Lathe Machines Market: Competitive Structure
Table 8: Global: Lathe Machines Market: Key Players

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 and SMEC CO. LTD.

Methodology

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Table Information

Report AttributeDetails
No. of Pages175
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 24 Billion
Forecasted Market Value ( USD ) by 2028 $ 32.7 Billion
Compound Annual Growth Rate5.3%
Regions CoveredGlobal
No. of Companies Mentioned12

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