Lathe Machines Market Report by Type (Vertical Lathes, Horizontal Lathes), Operation (Conventional Lathes, CNC Lathes), Capacity (Heavy Duty, Medium Duty, Low Duty), End User (Automotive, General Manufacturing, Transportation, and Others), and Region 2024

Lathe Machines Market Report by Type (Vertical Lathes, Horizontal Lathes), Operation (Conventional Lathes, CNC Lathes), Capacity (Heavy Duty, Medium Duty, Low Duty), End User (Automotive, General Manufacturing, Transportation, and Others), and Region 2024-2032


The global lathe machines market size reached US$ 25.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

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 2024-2032. 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 2023?
2. What is the expected growth rate of the global lathe machines market during 2024-2032?
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?


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
10.2 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
10.3 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
10.4 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
10.5 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

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