Lathe Machine Market, By Operation (Conventional and CNC), By End-use Industry (Automotive, Industrial Machinery, Transportation, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

The Global Lathe Machine Market is estimated to be valued at US$ 28.13 Bn in 2024 and is expected to reach US$ 40.16 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 28.13 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.20%	2031 Value Projection:	US$ 40.16 Bn

Figure. Lathe Machine Market Share (%), By Region 2024

The global lathe machine market has been witnessing steady growth over the past couple of decades. Lathe machines are versatile metal-cutting machines essential for various manufacturing industries such as automotive, electronics, aerospace and defense amongst others. They are used for turning, revolving or rotating workpieces to cut them to precise dimensions and desired shapes. Technological advancements in machine tools have resulted in development of computer numerical control (CNC) lathes with features such as automatic tool changers, programmable logic controllers and computer-aided manufacturing (CAM) interfaces. This has improved productivity and enabled mass production with high precision. Moreover, factors such as rapid industrialization, growing automotive industry and adoption of advanced manufacturing technologies are expected to drive the demand for lathe machines globally during the forecast period.

Market Dynamics:

The global lathe machine market growth is driven by growing demand from end-use industries, rising automation in manufacturing and technological advancements. Rapid industrialization in developing nations has boosted manufacturing activities. This has increased the demand for metal cutting machines for automotive, precision engineering and other metal-based components manufacturing. Moreover, increasing automation in manufacturing processes has propelled the adoption of CNC lathes over conventional lathes for higher productivity and precision. Manufacturers are also developing advanced lathes with features such as integrated IoT connectivity and multi-tasking capability. However, high initial investments for advanced lathes and availability of substitutes such as machining centers are some of the factors hindering the market growth. Going forward, emerging applications of lathes in micro manufacturing and adoption of 3D printing technology are expected to provide several lucrative growth opportunities for market players.

Key features of the study:

This report provides in-depth analysis of the global lathe machine market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global lathe machine market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Dalian Machine Tool Corporation, DMG Mori Co., Ltd., Doosan Machine Tools, EMAG Group, Haas Automation Inc., Hardinge, Inc., HMT Machine Tools, INDEX and TRAUB, JTEKT Corporation, Okuma Corporation, Samsung Machine Tools, Shaanxi Qinchuan Machine Tool and Tool Group, Tsugami Corporation, and Yamazaki Mazak Corporation

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global lathe machine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lathe machine market.

Detailed Segmentation:

By Operation
- Conventional
- CNC
By End-use Industry
- Automotive
- Industrial Machinery
- Transportation
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Dalian Machine Tool Corporation
- DMG Mori Co., Ltd.
- Doosan Machine Tools
- EMAG Group
- Haas Automation Inc.
- Hardinge, Inc.
- HMT Machine Tools
- INDEX and TRAUB
- JTEKT Corporation
- Okuma Corporation
- Samsung Machine Tools
- Shaanxi Qinchuan Machine Tool and Tool Group
- Tsugami Corporation
- Yamazaki Mazak Corporation

Product Code: CMI7213

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Operation
- Market Snippet, By End-use Industry
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New Products Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Lathe Machine Market, By Operation, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Conventional
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
CNC
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Lathe Machine Market, By End-use Industry, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Industrial Machinery
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Lathe Machine Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Operation, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Operation, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Operation, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Operation, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Operation, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- Dalian Machine Tool Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DMG Mori Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Doosan Machine Tools
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- EMAG Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Haas Automation Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hardinge, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- HMT Machine Tools
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- INDEX and TRAUB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- JTEKT Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Okuma Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Samsung Machine Tools
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Shaanxi Qinchuan Machine Tool and Tool Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tsugami Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yamazaki Mazak Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Reference and Research Methodology

References
Research Methodology
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