Global Wood Lathe Market Growth 2023-2029

Global Wood Lathe Market Growth 2023-2029

A lathe is a machine tool which spins the workpiece to perform various operations such as cutting, sanding, knurling, drilling, or deformation with tools that are applied to the workpiece to create an object which has symmetry about an axis of rotation. Lathes perform the machining operation known as "turning." While turning, material is removed from a work piece by rotating it against a tool. Turning is a central production operation in the manufacture of many metal, plastic and wood parts. Lathes can be either manually operated or computer controlled (CNC). Lathes can have many differences, unique features and accessories to facilitate a wide range of jobs.
The simplest lathe type is the wood lathe. As the name suggests, it is designed for turning wood. Wood lathes are small machines consisting of a bed, headstock, tailstock and tool rest. Unlike with what is found on a metal-working machine, there are no precision ways since the cutting tools are moved by hand and not by machine power. A steady hand and good skill is needed to control the cutting tool to accurately turn smooth curves and complex contours on the work piece. The spindle is driven by a belt connected to a motor, and speed differentiations are made by manually moving the belt to one of many pulleys mounted to the back of the spindle.
 Lathe tools are held by hand against the work, with the support of the tool rest. The tool rest is adjustable and is clamped to the bed at a position that best suites the operation at hand.
A wood lathe machine is a machine tool that fixes a workpiece on a rotating spindle, and is usually used for machining cylindrical workpieces. General wood lathes are equipped with various special tools, which can complete inner and outer circle processing, drilling, threading, cutting groove, end surface processing, outer circle, drilling center hole, turning hole, reaming hole, turning cone, turning forming surface, knurling, coiled spring and other processing procedures. Original source from https://www.stylecnc.com, if you want to copy, please indicate the primary source: https://www.stylecnc.com/blog/wood-lathe-machine-types.html
The Wood Lathe industry can be broken down into several segments, Mini Wood Lathe, Midi Wood Lathe, etc.
Across the world, the major players cover JPW Industries, Delta Machinery, RIKON Power Tools, etc.
LPI (LP Information)' newest research report, the “Wood Lathe Industry Forecast” looks at past sales and reviews total world Wood Lathe sales in 2022, providing a comprehensive analysis by region and market sector of projected Wood Lathe sales for 2023 through 2029. With Wood Lathe sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wood Lathe industry.
This Insight Report provides a comprehensive analysis of the global Wood Lathe landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wood Lathe portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wood Lathe market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wood Lathe and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wood Lathe.
The global Wood Lathe market size is projected to grow from US$ 198.4 million in 2022 to US$ 252.9 million in 2029; it is expected to grow at a CAGR of 252.9 from 2023 to 2029.
Global Wood Lathe key players include JPW Industries, Grizzly, Woodstock International, Axminster, Harvey Industries, etc. Global top 5 manufacturers hold a share over 20%.
North America is the largest market, with a share about 34%, followed by Asia-Pacific, has a share about 30 percent.
In terms of product, Midi Wood Lathe is the largest segment, with a share over 50%. And in terms of application, the largest application is Wood Processing Industry.
This report presents a comprehensive overview, market shares, and growth opportunities of Wood Lathe market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Mini Wood Lathe
Midi Wood Lathe
Full Sized Wood Lathe
Segmentation by application
Wood Processing
Craft
Personal Use
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
JPW Industries
Delta Machinery
RIKON Power Tools
Laguna Tools
Teknatool International
WEN
Grizzly
Woodstock International
SCM Group
Robust Tools
Axminster
Carbatec
King Canada
Harvey Industries
Jai Industries
Binzhou COSEN CNC equipment
LingRui CNC
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wood Lathe market?
What factors are driving Wood Lathe market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wood Lathe market opportunities vary by end market size?
How does Wood Lathe break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.