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Global Lathe Machines Market Trends, Analysis, Forecast: 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: Automotive, Construction, Electronic, Others; Regional Analysis; Competitive Landscape; 2024-2032
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.
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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: 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.
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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 | 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- 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Lathe Machines Market Analysis
8.1 Key Industry Highlights
8.2 Global Lathe Machines Historical Market (2018-2023)
8.3 Global Lathe Machines Market Forecast (2024-2032)
8.4 Global Lathe Machines Market by Type
8.4.1 Horizontal
8.4.1.1 Historical Market (2018-2023)
8.4.1.2 Market Forecast (2024-2032)
8.4.2 Vertical
8.4.2.1 Historical Market (2018-2023)
8.4.2.2 Market Forecast (2024-2032)
8.5 Global Lathe Machines Market by Capacity
8.5.1 Heavy Duty
8.5.1.1 Historical Market (2018-2023)
8.5.1.2 Market Forecast (2024-2032)
8.5.2 Medium Duty
8.5.2.1 Historical Market (2018-2023)
8.5.2.2 Market Forecast (2024-2032)
8.5.3 Low Duty
8.5.3.1 Historical Market (2018-2023)
8.5.3.2 Market Forecast (2024-2032)
8.6 Global Lathe Machines Market by Machine Type
8.6.1 Mechanical
8.6.1.1 Historical Market (2018-2023)
8.6.1.2 Market Forecast (2024-2032)
8.6.2 CNC
8.6.2.1 Historical Market (2018-2023)
8.6.2.2 Market Forecast (2024-2032)
8.7 Global Lathe Machines Market by Operation
8.7.1 Manual Chucks
8.7.1.1 Historical Market (2018-2023)
8.7.1.2 Market Forecast (2024-2032)
8.7.2 Power Chucks
8.7.2.1 Historical Market (2018-2023)
8.7.2.2 Market Forecast (2024-2032)
8.8 Global Lathe Machines Market by End Use
8.8.1 Automotive
8.8.1.1 Historical Market (2018-2023)
8.8.1.2 Market Forecast (2024-2032)
8.8.2 Construction
8.8.2.1 Historical Market (2018-2023)
8.8.2.2 Market Forecast (2024-2032)
8.8.3 Electronic
8.8.3.1 Historical Market (2018-2023)
8.8.3.2 Market Forecast (2024-2032)
8.8.4 General Machinery
8.8.4.1 Historical Market (2018-2023)
8.8.4.2 Market Forecast (2024-2032)
8.8.5 Oil and Gas
8.8.5.1 Historical Market (2018-2023)
8.8.5.2 Market Forecast (2024-2032)
8.8.6 Paper and Pulp
8.8.6.1 Historical Market (2018-2023)
8.8.6.2 Market Forecast (2024-2032)
8.8.7 Others
8.9 Global Lathe Machines Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Lathe Machines Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Lathe Machines Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Lathe Machines Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Lathe Machines Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Lathe Machines Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 SMEC CO., LTD
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Haas Automation, Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Okuma Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Accurate Machine Tools
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 EMAG GmbH & Co. KG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Lathe Machines Market: Key Industry Highlights, 2018 and 2032
2. Global Lathe Machines Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Lathe Machines Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Lathe Machines Historical Market: Breakup by Capacity (USD Billion), 2018-2023
5. Global Lathe Machines Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
6. Global Lathe Machines Historical Market: Breakup by Machine Type (USD Billion), 2018-2023
7. Global Lathe Machines Market Forecast: Breakup by Machine Type (USD Billion), 2024-2032
8. Global Lathe Machines Historical Market: Breakup by Operation (USD Billion), 2018-2023
9. Global Lathe Machines Market Forecast: Breakup by Operation (USD Billion), 2024-2032
10. Global Lathe Machines Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Global Lathe Machines Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Global Lathe Machines Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Lathe Machines Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Lathe Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Lathe Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Lathe Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Lathe Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Lathe Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Lathe Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 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.
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 2024-2032, 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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