Lathe Machines

Lathe Machines

Global Lathe Machines Market to Reach US$15.4 Billion by 2030

The global market for Lathe Machines estimated at US$12.4 Billion in the year 2023, is expected to reach US$15.4 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2023-2030. Automotive End-Use, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$7.3 Billion by the end of the analysis period. Growth in the General Machinery End-Use segment is estimated at 2.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.3 Billion While China is Forecast to Grow at 4.7% CAGR

The Lathe Machines market in the U.S. is estimated at US$3.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.0 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Lathe Machines Market - Comprehensive Analysis of Current Trends and Future Opportunities

What Are Lathe Machines and Their Significance in Manufacturing?
Lathe machines are essential tools in the manufacturing industry, used for shaping various materials such as metal, wood, and plastic by rotating the workpiece against a cutting tool. They are fundamental in producing symmetrical objects and are widely used in industries ranging from automotive to aerospace for precision machining. The versatility and precision offered by lathe machines make them indispensable in settings that require high accuracy and fine detailing in component production.

Why Is the Demand for Lathe Machines Growing?
The demand for lathe machines is driven by the expanding manufacturing sector and the need for automated production processes. Advances in CNC (Computer Numerical Control) technology have transformed traditional lathes into highly efficient, precise, and versatile machines, capable of handling complex machining tasks with minimal human intervention. This automation not only increases productivity but also reduces the possibility of errors, leading to higher quality products.

What Challenges Do Manufacturers of Lathe Machines Face?
Despite their extensive applications, manufacturers of lathe machines face challenges such as the high cost of advanced models and the need for skilled operators, especially in regions with a shortage of trained workforce. Moreover, the global economic fluctuations and trade policies can affect market stability and investment in new machinery. However, ongoing technological innovations and training programs are gradually overcoming these barriers, enhancing both the accessibility and functionality of lathe machines.

Growth in the Lathe Machines Market Is Driven by Several Factors
Several factors contribute to the growth of the lathe machines market. Industrial expansion in emerging economies, coupled with the resurgence of manufacturing in developed countries, fuels the demand for new and upgraded machinery. The increasing adoption of automation and precision engineering in manufacturing processes also propels the market forward. Additionally, the integration of IoT and predictive maintenance technologies in lathe machines to enhance operational efficiency and reduce downtime is further boosting their market growth.

Select Competitors (Total 43 Featured) -

• Ace Micromatic Group
• Ajax Machine Tools International Ltd.
• Amera-Seiki
• American Machine Tools Corp.
• Batliboi Ltd.
• Bolton Group
• Carl Benzinger GmbH
• Chiah Chyun Machinery Co., Ltd.
• Citizen Machinery Co., Ltd.
• Clausing Industrial, Inc.
• Dalian Machine Tool Group Corporation
• DMG Mori AG
• Doosan Machine Tools Co., Ltd.
• EMAG GmbH & Co. KG
• EMCO GmbH
• Fadal Engineering, Inc.
• Feeler (FAIR FRIEND GROUP)
• Fryer Machine Systems, Inc.
• Goodway Machine Corporation
• Haas Automation, Inc.
• Hangzhou Datian CNC Machine Tool Co., Ltd.
• Hardinge, Inc.
• Hasegawa Machine Works Ltd.
• Heavy Engineering Corporation Ltd.
• Hitachi Seiki Europe GmbH
• HMT Machine Tools Limited
• Hurco Companies, Inc.
• Huron Graffenstaden SAS
• HYUNDAI WIA Machine Tools
• Intelitek Inc.
• JARNG YEONG ENTERPRISE CO., LTD.
• Jinn Fa Machine industrial Co., Ltd.
• JTEKT Toyoda Americas Corporation
• Jyoti CNC Automation Ltd.
• Kent Industrial USA, Inc.
• Leadwell CNC Machines Mfg Corporation
• Methods Machine Tools Inc.
• Milacron Holdings Corp.
• Milltronics USA, Inc.
• Monarch Lathes
• Murata Machinery Ltd.
• Nakamura-Tome Precision Industry Co., Ltd.
• Okuma Corporation
• O-M Ltd.
• Prompt Integrated Technology Ltd.
• Samsung Machine Tools HQ
• Strojimport A.S.
• Tsugami Corporation
• Victor Machinery Solutions Inc.
• Yama Seiki USA, Inc.
• Yamazaki Mazak Corporation
• Yeong Chin Machinery Industries Co., Ltd.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.