Lathe Machines Global Market Report 2026

A lathe machine is a versatile machining tool that revolves a workpiece around an axis, allowing for operations such as cutting, sanding, drilling, and turning. This machine is instrumental in shaping both wooden and metallic products, removing excess material to achieve the desired form. The process involves the use of a tool that moves across and penetrates the workpiece, generating chips as it interacts with the rotating material.

The two primary types of lathe machines are vertical lathes and horizontal lathes. Vertical lathes position the spindle in a fixed vertical plane. Operations can be conventional or controlled by CNC (Computer Numerical Control), and the machines come in various capacities, such as heavy duty, medium duty, and low duty. Industries utilizing lathe machines include automotive, general manufacturing, transportation, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are significantly affecting the lathe machines market by increasing the cost of imported spindles, control units, servo motors, and precision mechanical components. Manufacturers in North America and Europe are particularly impacted due to reliance on imported cnc systems, while Asia-Pacific exporters face competitive pricing challenges. These tariffs are raising machine prices and delaying equipment modernization. However, they are also driving localization of machine tool production, regional sourcing of components, and development of competitively priced cnc lathe solutions.

The lathe machines market research report is one of a series of new reports from The Business Research Company that provides lathe machines market statistics, including lathe machines industry global market size, regional shares, competitors with a lathe machines market share, detailed lathe machines market segments, market trends and opportunities, and any further data you may need to thrive in the lathe machines industry. This lathe machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lathe machines market size has grown steadily in recent years. It will grow from $12.05 billion in 2025 to $12.35 billion in 2026 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to expansion of manufacturing industries, growth in automotive production, demand for metal components, advancement in machine tools, replacement of manual lathes.

The lathe machines market size is expected to see steady growth in the next few years. It will grow to $14.28 billion in 2030 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to automation of machine shops, demand for precision components, growth in aerospace manufacturing, investments in smart factories, adoption of digital machining systems. Major trends in the forecast period include adoption of cnc and smart lathes, demand for high-precision turning operations, integration of automation in machining, growth of multi-axis machining, shift toward energy-efficient machines.

The rising demand for automobiles is expected to drive the growth of the lathe machine market going forward. An automobile is a four-wheeled, primarily passenger-focused vehicle typically powered by an internal combustion engine that uses flammable fuel. Lathe machines are used to manufacture automobile components and repair damaged parts by precisely removing defective areas. For example, in October 2025, the Institute of Chartered Accountants in England and Wales (ICAEW), a UK-based professional membership body, reported that the global automotive manufacturing industry is substantial and has recently seen notable growth, with a market valuation of USD 2.8 trillion in 2024. Thus, the increasing demand for automobiles is propelling the lathe machine market.

Leading companies in the lathe machine market are focused on developing innovative products, such as automated lathes, to strengthen their market position. An automatic lathe is a type of lathe with a computer numerical control (CNC) system that allows for the automated control of the cutting process, enabling it to perform various complex machining operations. For example, in September 2023, Star Micronics Co. Ltd., a Japan-based manufacturer of electronic components and printers, introduced the SP-20/23 CNC Swiss-type automatic lathe. This high-precision, computer-controlled machine is designed for producing small, intricate parts and meets the rising demand for advanced machining solutions across industries like automotive, hydraulics, pneumatics, and general machinery. The SP-20/23 features enhanced versatility, advanced functions like thermal displacement correction, and an energy-saving ECO mode, making it ideal for high-precision component production. Its launch reflects the industry's continued shift toward automation and smart manufacturing.

In February 2023, Nidec Corporation, a Japan-based company that produces a diverse range of motors and control equipment for industrial, commercial, and appliance applications, acquired PAMA S.p.A. for an undisclosed amount. This acquisition aims to boost Nidec Corporation's market presence, drive product innovation, and improve operational efficiency within the machine tool industry. PAMA S.p.A., an Italy-based company, specializes in the manufacturing of advanced lathe machines.

Major companies operating in the lathe machines market are Doosan Machine Tools Co. Ltd., JTEKT Corporation, EMCO Corporation, DMG Mori Co. Ltd., Yamazaki Mazak Corporation, Okuma Corporation, Smec Co. Ltd., Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Ellison Technologies Inc., Hasegawa Machine Works Ltd., HMT Limited, Batliboi Ltd., Clausing Industrial Inc., Milltronics USA Inc., Goodway Machine Corporation, Fadal Engineering Inc., Chiah Chyun Machinery Co. Ltd., Dalian Machine Tool Group Corporation, Fryer Machine Systems Inc., Fair Friend Group, Ajax Machine Tools International LTD, American Machine Tools Corporation, Carl Benzinger GmbH, Ace Micromatic Group, Citizen Machinery Co. Ltd., Strojimport A.S.

Asia-Pacific was the largest region in the lathe machines market in 2025. The regions covered in the lathe machines market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the lathe machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The lathe machine market consists of the sale of speed lathes, capstan lathes, tool room lathes, bench lathes, and gap bed lathes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Lathe Machines Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses lathe machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for lathe machines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The lathe machines market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Vertical Lathes; Horizontal Lathes
• 2) By Operation: Conventional Lathes; CNC Lathes
• 3) By Capacity: Heavy Duty; Medium Duty; Low Duty
• 4) By End User Industry: Automotive; General Manufacturing; Transportation; Other End User Industries
• Subsegments:
• 1) By Vertical Lathes: CNC Vertical Lathes; Manual Vertical Lathes
• 2) By Horizontal Lathes: CNC Horizontal Lathes; Manual Horizontal Lathes; Multi-Tasking Horizontal Lathes
• Companies Mentioned: Doosan Machine Tools Co. Ltd.; JTEKT Corporation; EMCO Corporation; DMG Mori Co. Ltd.; Yamazaki Mazak Corporation; Okuma Corporation; Smec Co. Ltd.; Haas Automation Inc.; Hardinge Inc.; Hurco Companies Inc.; Ellison Technologies Inc.; Hasegawa Machine Works Ltd.; HMT Limited; Batliboi Ltd.; Clausing Industrial Inc.; Milltronics USA Inc.; Goodway Machine Corporation; Fadal Engineering Inc.; Chiah Chyun Machinery Co. Ltd.; Dalian Machine Tool Group Corporation; Fryer Machine Systems Inc.; Fair Friend Group; Ajax Machine Tools International LTD; American Machine Tools Corporation; Carl Benzinger GmbH; Ace Micromatic Group; Citizen Machinery Co. Ltd.; Strojimport A.S.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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