PUBLISHER: IMARC | PRODUCT CODE: 1291599
PUBLISHER: IMARC | PRODUCT CODE: 1291599
Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global lathe machines market size reached US$ 24.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Lathe machines are used to shape metal, wood and other materials into desired shapes and sizes. These machines operate on the rotating workpiece principle and utilize fixed cutting tools that help in facing, centering, chamfering, knurling, drilling, boring, reaming, tapping, thread cutting and parting off. They comprise leg, bed, chuck, apron, headstock, tailstock, carriage, saddle, cross-slide, compound rest, tool post, lead screw, feed rod and main spindle. At present, they find extensive applications in woodturning, metal spinning, thermal spraying, glass working and parts reclamation.
Lathe Machines Market Trends:
The growing trend of industrial automation and precision manufacturing represents one of the major factors bolstering the market growth as lathe machines enhance product uniformity and improve the value chain. Moreover, lathe machines are gaining traction in manufacturing various medical implants and equipment on account of their high speed, accuracy and reduced operating costs. Apart from this, the escalating demand for fuel-efficient automobiles with advanced safety features is promoting the adoption of lathe machines for forming different parts of vehicles. Due to the availability of technical expertise, cheap labor and low raw material costs, several foreign firms are setting up their manufacturing facilities in emerging countries like China and India. This is creating lucrative opportunities for manufacturers to expand their consumer base and maintain a competitive edge. Furthermore, the emergence of the Fourth Industry Revolution (Industry 4.0) is encouraging the integration of the Internet of Things (IoT) in lathe machines, which is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lathe machines market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, operation, capacity and end user.
Breakup by Type:
Vertical Lathes
Horizontal Lathes
Breakup by Operation:
Conventional Lathes
CNC Lathes
Breakup by Capacity:
Heavy Duty
Medium Duty
Low Duty
Breakup by End User:
Automotive
General Manufacturing
Transportation
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being DMG Mori Co. Ltd, Doosan Machine Tools Co. Ltd., EMAG GmbH & Co. KG, Fair Friend Group, Haas Automation Inc., Hardinge Inc., HMT Machine Tools Limited (HMT Limited), Hurco Companies Inc., JTEKT Corporation, Macpower CNC Machines Limited, Mazak Corporation, Okuma Corporation and SMEC CO. LTD.
Key Questions Answered in This Report
1. What was the size of the global lathe machines market in 2022?
2. What is the expected growth rate of the global lathe machines market during 2023-2028?
3. What are the key factors driving the global lathe machines market?
4. What has been the impact of COVID-19 on the global lathe machines market?
5. What is the breakup of the global lathe machines market based on the type?
6. What is the breakup of the global lathe machines market based on the operation?
7. What is the breakup of the global lathe machines market based on the capacity?
8. What is the breakup of the global lathe machines market based on the end user?
9. What are the key regions in the global lathe machines market?
10. Who are the key players/companies in the global lathe machines market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lathe Machines Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Vertical Lathes
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Horizontal Lathes
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Operation
- 7.1 Conventional Lathes
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 CNC Lathes
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Capacity
- 8.1 Heavy Duty
- 8.1.1 Market Heavy Duty Trends
- 8.1.2 Market Forecast
- 8.2 Medium Duty
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Low Duty
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by End User
- 9.1 Automotive
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 General Manufacturing
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Transportation
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 DMG Mori Co. Ltd
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 Doosan Machine Tools Co. Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 EMAG GmbH & Co. KG
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Fair Friend Group
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Haas Automation Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Hardinge Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 HMT Machine Tools Limited (HMT Limited)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Hurco Companies Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 JTEKT Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Macpower CNC Machines Limited
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Mazak Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Okuma Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.13 SMEC CO. LTD
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.1 DMG Mori Co. Ltd
List of Figures
- Figure 1: Global: Lathe Machines Market: Major Drivers and Challenges
- Figure 2: Global: Lathe Machines Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Lathe Machines Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Lathe Machines Market: Breakup by Type (in %), 2022
- Figure 5: Global: Lathe Machines Market: Breakup by Operation (in %), 2022
- Figure 6: Global: Lathe Machines Market: Breakup by Capacity (in %), 2022
- Figure 7: Global: Lathe Machines Market: Breakup by End User (in %), 2022
- Figure 8: Global: Lathe Machines Market: Breakup by Region (in %), 2022
- Figure 9: Global: Lathe Machines (Vertical Lathes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Lathe Machines (Vertical Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Lathe Machines (Horizontal Lathes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Lathe Machines (Horizontal Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Lathe Machines (Conventional Lathes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Lathe Machines (Conventional Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Lathe Machines (CNC Lathes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Lathe Machines (CNC Lathes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Lathe Machines (Heavy Duty) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Lathe Machines (Heavy Duty) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Lathe Machines (Medium Duty) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Lathe Machines (Medium Duty) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Lathe Machines (Low Duty) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Lathe Machines (Low Duty) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Lathe Machines (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Lathe Machines (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Lathe Machines (General Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Lathe Machines (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Lathe Machines (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Lathe Machines (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Lathe Machines (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Lathe Machines (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: Lathe Machines Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: Lathe Machines Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: Lathe Machines Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: Lathe Machines Industry: SWOT Analysis
- Figure 81: Global: Lathe Machines Industry: Value Chain Analysis
- Figure 82: Global: Lathe Machines Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Lathe Machines Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Lathe Machines Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Lathe Machines Market Forecast: Breakup by Operation (in Million US$), 2023-2028
- Table 4: Global: Lathe Machines Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
- Table 5: Global: Lathe Machines Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Lathe Machines Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Lathe Machines Market: Competitive Structure
- Table 8: Global: Lathe Machines Market: Key Players
