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Global Lathe Machines Market: By Type: Horizontal, Vertical; By Capacity: Heavy Duty, Medium Duty, Low Duty; By Machine Type: Mechanical, CNC; By Operation: Manual Chucks, Power Chucks; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
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 2022-2027. The market is being driven by the widespread adoption of CNC lathe machine and the rise of Industry 4.0.
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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: Industry Definition and 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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Capacity, Machine Type, Operation, End Use, Region |
| Breakup by Type | Horizontal, Vertical |
| Breakup by Capacity | Heavy Duty, Medium Duty, Low Duty |
| Breakup by Machine Type | Mechanical, CNC |
| Breakup by Operation | Manual Chucks, Power Chucks |
| Breakup by End Use | Automotive, Construction, Electronic, General Machinery, Oil and Gas, Paper and Pulp, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | SMEC CO., LTD, Haas Automation, Inc, Okuma Corporation, Accurate Machine Tools, EMAG GmbH & Co. KG, Others |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Lathe Machines Market Analysis
8.1 Key Industry Highlights
8.2 Global Lathe Machines Historical Market (2017-2021)
8.3 Global Lathe Machines Market Forecast (2022-2027)
8.4 Global Lathe Machines Market by Type
8.4.1 Horizontal
8.4.1.1 Market Share
8.4.1.2 Historical Market (2017-2021)
8.4.1.3 Market Forecast (2022-2027)
8.4.2 Vertical
8.4.2.1 Market Share
8.4.2.2 Historical Market (2017-2021)
8.4.2.3 Market Forecast (2022-2027)
8.5 Global Lathe Machines Market by Capacity
8.5.1 Heavy Duty
8.5.1.1 Market Share
8.5.1.2 Historical Market (2017-2021)
8.5.1.3 Market Forecast (2022-2027)
8.5.2 Medium Duty
8.5.2.1 Market Share
8.5.2.2 Historical Market (2017-2021)
8.5.2.3 Market Forecast (2022-2027)
8.5.3 Low Duty
8.5.3.1 Market Share
8.5.3.2 Historical Market (2017-2021)
8.5.3.3 Market Forecast (2022-2027)
8.6 Global Lathe Machines Market by Machine Type
8.6.1 Mechanical
8.6.1.1 Market Share
8.6.1.2 Historical Market (2017-2021)
8.6.1.3 Market Forecast (2022-2027)
8.6.2 CNC
8.6.2.1 Market Share
8.6.2.2 Historical Market (2017-2021)
8.6.2.3 Market Forecast (2022-2027)
8.7 Global Lathe Machines Market by Operation
8.7.1 Manual Chucks
8.7.1.1 Market Share
8.7.1.2 Historical Market (2017-2021)
8.7.1.3 Market Forecast (2022-2027)
8.7.2 Power Chucks
8.7.2.1 Market Share
8.7.2.2 Historical Market (2017-2021)
8.7.2.3 Market Forecast (2022-2027)
8.8 Global Lathe Machines Market by End Use
8.8.1 Automotive
8.8.1.1 Market Share
8.8.1.2 Historical Market (2017-2021)
8.8.1.3 Market Forecast (2022-2027)
8.8.2 Construction
8.8.2.1 Market Share
8.8.2.2 Historical Market (2017-2021)
8.8.2.3 Market Forecast (2022-2027)
8.8.3 Electronic
8.8.3.1 Market Share
8.8.3.2 Historical Market (2017-2021)
8.8.3.3 Market Forecast (2022-2027)
8.8.4 General Machinery
8.8.4.1 Market Share
8.8.4.2 Historical Market (2017-2021)
8.8.4.3 Market Forecast (2022-2027)
8.8.5 Oil and Gas
8.8.5.1 Market Share
8.8.5.2 Historical Market (2017-2021)
8.8.5.3 Market Forecast (2022-2027)
8.8.6 Paper and Pulp
8.8.6.1 Market Share
8.8.6.2 Historical Market (2017-2021)
8.8.6.3 Market Forecast (2022-2027)
8.8.7 Others
8.9 Global Lathe Machines Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 SMEC CO., LTD
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Haas Automation, Inc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Okuma Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Accurate Machine Tools
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 EMAG GmbH & Co. KG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Lathe Machines Market: Key Industry Highlights, 2016 and 2026
2. Global Lathe Machines Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Lathe Machines Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Lathe Machines Historical Market: Breakup by Capacity (USD Billion), 2017-2021
5. Global Lathe Machines Market Forecast: Breakup by Capacity (USD Billion), 2022-2027
6. Global Lathe Machines Historical Market: Breakup by Machine Type (USD Billion), 2017-2021
7. Global Lathe Machines Market Forecast: Breakup by Machine Type (USD Billion), 2022-2027
8. Global Lathe Machines Historical Market: Breakup by Operation (USD Billion), 2017-2021
9. Global Lathe Machines Market Forecast: Breakup by Operation (USD Billion), 2022-2027
10. Global Lathe Machines Historical Market: Breakup by End Use (USD Billion), 2017-2021
11. Global Lathe Machines Market Forecast: Breakup by End Use (USD Billion), 2022-2027
12. Global Lathe Machines Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Lathe Machines Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Lathe Machines Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Lathe Machines Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Lathe Machines Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Lathe Machines Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Lathe Machines Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2022-2027
24. Global Lathe Machines Market Structure
Key Questions Answered in the Report
The lathe machines market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major drivers of the industry include high precision functioning along with low operational costs of improved machines and rise in demand for machines from various other sectors such as food processing, construction, packaging.
The widespread adoption of CNC lathe machine and the rise of Industry 4.0 is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of lathe machines available are horizontal and vertical.
Lathe machines finds applications as heavy duty, medium duty, and low duty.
Lathe machines can be categorised by machine type into mechanical and CNC.
Lathe machines can be divided by operation into manual chucks and power chucks.
Lathe machines can have different end-uses like automotive, construction, electronic, general machinery, oil and gas, and paper and pulp, amongst 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.
Analyst Review
The global lathe machines market was driven by high precision functioning along with low operational costs of improved machines and rise in demand for machines from various other sectors such as food processing, construction, packaging. Aided by widespread adoption of CNC lathe machine and the rise of Industry 4.0, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the lathe machines market can be segmented into horizontal and vertical. Lathe machines finds applications as heavy duty, medium duty, and low duty. Lathe machines can be categorised by machine type into mechanical and CNC. Lathe machines can be divided by operation into manual chucks and power chucks. By end-use, the industry can be divided into automotive, construction, electronic, general machinery, oil and gas, and paper and pulp, amongst others. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include SMEC CO., LTD, Haas Automation, Inc, Okuma Corporation, Accurate Machines Tools, and EMAG GmbH & Co. KG, amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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