The global lathe machines market is significantly supported by the growth of the global industrial machinery market, which is expected to grow at CAGR 6.00% in the forecast period of 2025-2034. The market is being driven by the widespread adoption of CNC lathe machine and the rise of Industry 4.0.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
6%
Value in USD Billion
2025-2034
Lathe Machines Market Outlook
*this image is indicative*
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.
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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.
The major type of the lathe machines are:
In terms of capacity, the market can be segmented into:
On the basis of machines type, the industry is categorised into:
In terms of operation, the market is divided into:
The market can be broadly classified on the basis of its end uses into:
The regional markets for the product include:
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.
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:
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.
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The lathe machines market is projected to grow at a CAGR of 6.00% between 2025 and 2034.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Capacity |
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| Breakup by Machine Type |
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| Breakup by Operation |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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