Lathe Machines Market Report 2026

The lathe machines market size has grown steadily in recent years. It will grow from $12.05 billion in 2025 to $12.35 billion in 2026 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to expansion of manufacturing industries, growth in automotive production, demand for metal components, advancement in machine tools, replacement of manual lathes.

The lathe machines market size is expected to see steady growth in the next few years. It will grow to $14.28 billion in 2030 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to automation of machine shops, demand for precision components, growth in aerospace manufacturing, investments in smart factories, adoption of digital machining systems. Major trends in the forecast period include adoption of cnc and smart lathes, demand for high-precision turning operations, integration of automation in machining, growth of multi-axis machining, shift toward energy-efficient machines.

The rising demand for automobiles is expected to drive the growth of the lathe machine market going forward. An automobile is a four-wheeled, primarily passenger-focused vehicle typically powered by an internal combustion engine that uses flammable fuel. Lathe machines are used to manufacture automobile components and repair damaged parts by precisely removing defective areas. For example, in October 2025, the Institute of Chartered Accountants in England and Wales (ICAEW), a UK-based professional membership body, reported that the global automotive manufacturing industry is substantial and has recently seen notable growth, with a market valuation of USD 2.8 trillion in 2024. Thus, the increasing demand for automobiles is propelling the lathe machine market.

Leading companies in the lathe machine market are focused on developing innovative products, such as automated lathes, to strengthen their market position. An automatic lathe is a type of lathe with a computer numerical control (CNC) system that allows for the automated control of the cutting process, enabling it to perform various complex machining operations. For example, in September 2023, Star Micronics Co. Ltd., a Japan-based manufacturer of electronic components and printers, introduced the SP-20/23 CNC Swiss-type automatic lathe. This high-precision, computer-controlled machine is designed for producing small, intricate parts and meets the rising demand for advanced machining solutions across industries like automotive, hydraulics, pneumatics, and general machinery. The SP-20/23 features enhanced versatility, advanced functions like thermal displacement correction, and an energy-saving ECO mode, making it ideal for high-precision component production. Its launch reflects the industry's continued shift toward automation and smart manufacturing.

In February 2023, Nidec Corporation, a Japan-based company that produces a diverse range of motors and control equipment for industrial, commercial, and appliance applications, acquired PAMA S.p.A. for an undisclosed amount. This acquisition aims to boost Nidec Corporation’s market presence, drive product innovation, and improve operational efficiency within the machine tool industry. PAMA S.p.A., an Italy-based company, specializes in the manufacturing of advanced lathe machines.

Major companies operating in the lathe machines market are Doosan Machine Tools Co. Ltd., JTEKT Corporation, EMCO Corporation, DMG Mori Co. Ltd., Yamazaki Mazak Corporation, Okuma Corporation, Smec Co. Ltd., Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Ellison Technologies Inc., Hasegawa Machine Works Ltd., HMT Limited, Batliboi Ltd., Clausing Industrial Inc., Milltronics USA Inc., Goodway Machine Corporation, Fadal Engineering Inc., Chiah Chyun Machinery Co. Ltd., Dalian Machine Tool Group Corporation, Fryer Machine Systems Inc., Fair Friend Group, Ajax Machine Tools International LTD, American Machine Tools Corporation, Carl Benzinger GmbH, Ace Micromatic Group, Citizen Machinery Co. Ltd., Strojimport A.S.

Asia-Pacific was the largest region in the lathe machines market in 2025. The regions covered in the lathe machines market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lathe machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The lathe machine market consists of the sale of speed lathes, capstan lathes, tool room lathes, bench lathes, and gap bed lathes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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