Lathe Machines Market- Global Industry Analysis and Forecast (2021-2027) by Type, Operation and End User.

Lathe Machines Market size was valued at US$ 10.5 Bn. in 2020 and the total revenue is expected to grow at 1.8 % CAGR through 2021 to 2027, reaching nearly US$ 11.9 Bn.

Lathe Machines Market Overview:

In the metalworking industry, lathe machines are extremely important. Faceting, sanding, knurling, cutting, and drilling are all common uses for lathe equipment. The rising popularity of CNC lathes is resulting in a rise in market income for machines. This can be ascribed to an increase in the number of automation industries, which are striving to improve productivity and quality in the manufacturing sector. Manufacturers are more prone to flexible activity and as a result are more willing to use technologically advanced lathes. These machines are used to make bolts, screws, and other fasteners. They're also used to shape wood, metal, and other materials into useful shapes. The automobile, general machinery and transportation industries have all seen increased market demand as a result of rising urbanisation. Global-Lathe-Machines-Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

Lathe Machines Market Dynamics:

Thanks to advantages such as high accuracy and low operating costs, the CNC lathe machine is expected to drive market revenue. This is due to a variety of factors including expanded population, higher speed, increased safety and lower production costs due to CNC machines. High operating accuracy allows optimal raw material utilization and reduced waste. Aside from the growing demand for mass production a time frame was introduced as a result more CNC ladder machines are being used. Increasing inclination towards industry 4.0 thanks to predictive maintenance feature driving the market. Smart machines are becoming more popular as the demand for real-time connectivity grows. This is due to increased demand for high efficiency, production consistency, and waste reduction. Industry 4.0 allows for project-based optimization of processes in areas that require immediate attention. Predictive and preventive maintenance has grown in prominence in the manufacturing industry as a result of the requirement to considerably minimize downtime and repair costs. According to various sources, predictive machines prevent machine breakdowns, resulting in a 50% reduction in downtime. Total quality management, which focuses on a machine's capacity to fulfil accuracy criteria, is also driving predictive maintenance.

 Lathe Machines Market Segment Analysis:

Based on type, Global Lathe Machines Market is segmented into Vertical lathes and Horizontal lathes. Horizontal lathe segment is projected to lead the growth considerably throughout the forecast period. The primary purpose of a horizontal lathe is to turn a revolving workpiece with a turning tool. Drills, reamers, broachers, taps, dies, and knurling tools can all be used on the lathe for machining. A vertical lathe machine, on the other hand, is a machine tool that rotates a workpiece on a rotating axis while performing vertical machining operations. Drilling is commonly done on vertical lathe machines with the use of tool posts that hold drilling tools. Based on operation, based on Operation the lathe machine market is segmented into conventional lathes and CNC lathes. CNC (Computerized Numerical Control) has dominated the market as manufacturing and other industries become more automated. The increased adoption of CNC lathe machines in the manufacturing sector for mass production of high-speed, high-quality products is fueling market expansion. Because of a scarcity of skilled workers, the traditional lathe machine market is predicted to increase steadily. Global Lathe Machines Market 1 Based on End User, lathe machine market is segmented into automotive, general manufacturing, transportation, and others. Automotive segment is expected to grow at moderate rate in 2020-2027. The automotive industry requires a variety of parts for manufacture, which may rise as the market grows. As the vehicle business is repetitious, batch production is required. In this business, an automotive system is required to make bulk products on a regular basis and all of these products must be identical. Automated machines are required for such recurrent processes and CNC milling is an example of such a machine in the automobile sector.

Lathe Machines Market Regional Insights:

The Asia-Pacific region is expected to drive the lathe Machines Market in forecast period. Despite the fact that external demand for the region is still weak, the region's economy is being aided by rising local demand. In the Asia-Pacific region China and Japan are the two most important markets for lathe machines. Over the projected period China's demand for lathe machines is expected to remain mild as the country's economy continues to rebalance away from manufacturing and investment and toward services and consumption. India is seeing the fastest growth in Asia-Pacific thanks to the government's initiative to promote India as the world's preferred manufacturing base. The Make in India program was started by the Indian government with the goal of putting India on the map as a manufacturing center and giving the Indian economy a boost. Europe is the world's second-largest market for lathe machines. The machine tool industry in Europe is one of the most globally competitive industries, accounting for more than a third of global machine tool output and half of global exports. The development of low-cost Asian countries has repeatedly undermined Europe's advantage in recent years. The growth of the lathe Machines Market in Europe, on the other hand, is being aided by the European economic recovery and rising demand for automotive and aerospace manufacturing. The objective of the report is to present a comprehensive analysis of the Global Lathe Machines Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Lathe Machines Market dynamics, structure by analyzing the Market segments and project the Global Lathe Machines Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Lathe Machines Market make the report investor’s guide.

Lathe Machines Market Scope: Inquire before buying

Global Lathe Machines Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 10.5 Bn.
Forecast Period 2021 to 2027 CAGR: 1.8% Market Size in 2027: US $ 11.9 Bn.
Segments Covered: by Operation • Conventional Lathes • CNC Lathes
by Type • Vertical lathes • Horizontal lathes
by End-User Industry • Automotive • General manufacturing •  Transportation •  Others

Lathe Machines Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Lathe Machines Market Key Players

• Dalian Machine Tool Corporation • DMG Mori Co., Ltd • Doosan Machine Tools • Haas Automotive Inc. • Hardinge, Inc. • HMT Machine Tools • JTEKT Corporation • Okuma Corporation • Samsung Machine Tools • Yamazaki Mazak Corporation • EMAG group • Shaanxi Qinchuan Machine Tool and Tool Group • Tsugami Corporation • INDEX and TRAUB

Frequently Asked Questions:

1] What segments are covered in Global Lathe Machines Market report? Ans. The segments covered in Global Lathe Machines Market report are based on type, Operation and end user. 2] Which region is expected to hold the highest share in the Global Lathe Machines Market? Ans. Asia Pacific is expected to hold the highest share in the Global Lathe Machines Market. 3] What is the Market size of Global Lathe Machines Market in the forecast period 2021-2027? Ans. The Market size of Global Lathe Machines Market in the forecast period 2021-2027 is US $ 11.5 Bn. 4] Who are the top key players in the Global Lathe Machines Market? Ans. Dalian Machine Tool Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automotive Inc., Hardinge, Inc., HMT Machine Tools, JTEKT Corporation, Okuma Corporation, Samsung Machine Tools, Yamazaki Mazak Corporation, EMAG group, Shaanxi Qinchuan Machine Tool and Tool Group, Tsugami Corporation, INDEX and TRAUB 5] What was the Market size of Global Lathe Machines Market in 2020? Ans. The Market size of Global Lathe Machines Market in 2020 was US $ 10.5 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Lathe Machines Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Lathe Machines market 3.4. Geographical Snapshot of the Global Lathe Machines market, By Manufacturer share 4. Global Lathe Machines Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Technologies 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Lathe Machines market 5. Supply Side and Demand Side Indicators 6. Global Lathe Machines Market Analysis and Forecast, 2020-2027 6.1. Global Lathe Machines Market Size & Y-o-Y Growth Analysis. 7. Global Lathe Machines Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Vertical lathes 7.1.2. Horizontal lathes 7.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 7.2.1. Automotive 7.2.2. General manufacturing 7.2.3. Transportation 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 7.3.1. Conventional Lathes 7.3.2. CNC Lathes 8. Global Lathe Machines Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Lathe Machines Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Vertical lathes 9.1.2. Horizontal lathes 9.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 9.2.1. Automotive 9.2.2. General manufacturing 9.2.3. Transportation 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 9.3.1. Conventional Lathes 9.3.2. CNC Lathes 10. North America Global Lathe Machines Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Lathe Machines Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 12. Canada Global Lathe Machines Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 13. Mexico Global Lathe Machines Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 14. Europe Global Lathe Machines Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 15. Europe Global Lathe Machines Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Lathe Machines Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 17. France Global Lathe Machines Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 18. Germany Global Lathe Machines Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 19. Italy Global Lathe Machines Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 20. Spain Global Lathe Machines Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 21. Sweden Global Lathe Machines Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 22. CIS Countries Global Lathe Machines Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 23. Rest of Europe Global Lathe Machines Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 24. Asia Pacific Global Lathe Machines Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 25. Asia Pacific Global Lathe Machines Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Lathe Machines Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 27. India Global Lathe Machines Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 28. Japan Global Lathe Machines Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 29. South Korea Global Lathe Machines Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 30. Australia Global Lathe Machines Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 31. ASEAN Global Lathe Machines Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 32. Rest of Asia Pacific Global Lathe Machines Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 33. Middle East Africa Global Lathe Machines Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 34. Middle East Africa Global Lathe Machines Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Lathe Machines Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 36. GCC Countries Global Lathe Machines Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 36.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 37. Egypt Global Lathe Machines Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 38. Nigeria Global Lathe Machines Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 39. Rest of ME&A Global Lathe Machines Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 40. South America Global Lathe Machines Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 41. South America Global Lathe Machines Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Lathe Machines Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 43. Argentina Global Lathe Machines Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 44. Rest of South America Global Lathe Machines Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By End User Industry, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By Operation, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Lathe Machines Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Operations and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Dalian Machine Tool Corporation 45.3.2. DMG Mori Co. 45.3.3. Doosan Machine Tools 45.3.4. Haas Automotive Inc. 45.3.5. Hardinge 45.3.6. HMT Machine Tools 45.3.7. JTEKT Corporation 45.3.8. Okuma Corporation 45.3.9. Samsung Machine Tools 46. Primary Key Insights

About This Report

Report ID 120130
Category Engineering Equipment
Published Date Sept 2021
Updated Date Dec 2021
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