Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • March 2022 •
  • 145 pages •
  • Report ID: 6247198 •
  • Format: PDF
The global lathe machines market reached a value of US$ 22.7 Billion in 2021. Looking forward, the analyst 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.

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 analyst 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:
General Manufacturing

Breakup by Region: North America
United States
South Korea
United Kingdom
Latin America
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?