Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Lathe Machines Market Outlook
The global lathe machines market is significantly supported by the growth of the global industrial machinery market, which is expected to grow at CAGR 6% in the forecast period of 2024-2032. The market is being driven by the widespread adoption of CNC lathe machine and the rise of Industry 4.0.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Acceleration of Manufacturing Sector in Developing Nations is Driving the Market
Asia-Pacific holds the major lathe machines market share owing to the increasing demand from developing nations, including India and China. The Chinese government initiatives such as “Made in China 2025” focuses on becoming high end producer of goods. This is expected to result in lathe machines market growth in the near future. The growing demand for the prefabricated metal industry is also expected to earn high revenue across North America and Latin America. The increasing popularity of CNC lathe machines is further expected to drive the lathe machines market in Europe. Furthermore, the rise in demand for precision manufacturing, especially due to the rise of Industry 4.0 in major segments of the manufacturing sector, is driving the market for lathe machines globally.
Lathe Machines: Market Segmentation
Lathe refers to a machines tool that is principally used for shaping articles of wood, metal, or other materials. Lathe machines are one of the significant machines tools used in the metal working industry. They are considered a strong metal shaping machines tools. Lathe machines plays a significant role in the metal-working sector. Lathe machines have widespread applications, including sanding, knurling, cutting and drilling.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major type of the lathe machines are:
- Horizontal
- Vertical
In terms of capacity, the market can be segmented into:
- Heavy duty
- Medium duty
- Low duty
On the basis of machines type, the industry is categorised into:
- Mechanical
- CNC
In terms of operation, the market is divided into:
- Manual chucks
- Power chucks
The market can be broadly classified on the basis of its end uses into:
- Automotive
- Construction
- Electronic
- General Machinery
- Oil and Gas
- Paper and Pulp
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Growing Demand for Precision Manufacturing and IoT is Boosting the Market for Lathe Machines
The rising demand for lathe machines, especially the CNC type, is expected to drive the market due to features such as high precision along with low operational costs. The increased demand for mass production in reduced time frames and the increasing demand from the critical component product manufacturing sector are projected to drive the lathe machines market. The rise of Industry 4.0 is pushing the demand for interconnected machinery, which in turn is driving the demand for machines conducive to predictive maintenance. This is where more CNC lathe machines are projected to be put to use. The rise in demand for machines from various other sectors such as food processing, construction, packaging is driving the general trend. While complex part manufacturing from aerospace industry and military sector is expected to drive the precision machinery segment.
Key Industry Players in the Global Lathe Machines Market
The report presents a detailed analysis of the following key players in the global lathe machines market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- SMEC CO., LTD
- Haas Automation, Inc
- Okuma Corporation
- Accurate Machines Tools
- EMAG GmbH & Co. KG
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Capacity |
|
| Breakup by Machine Type |
|
| Breakup by Operation |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The lathe machines market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major market drivers include the increasing demand for lathe machines in developing countries, the rising popularity of CNC lathe machines, and the rise of Industry 4.0.
The key trends guiding the market growth are the high precision and low operational costs offered by lathe machines, the surging demand for mass production, and the surging utilisation of lathe machines in the food processing, packaging, and construction sectors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of lathe machines are vertical and horizontal.
The significant capacities of lathe machines are heavy duty, medium duty, and low duty.
The various machine types considered in the market report are mechanical and CNC.
Manual chucks and power chucks are the major segments based on operation considered in the market report.
The several end uses of the product are automotive, construction, electronic, general machinery, oil and gas, and paper and pulp, among others.
The leading players in this market are SMEC CO., LTD, Haas Automation, Inc, Okuma Corporation, Accurate Machines Tools, and EMAG GmbH & Co. KG, amongst others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124