Product Code: A01629
The global lathe machines size was valued at $12,937.6 million in 2021, and is projected to reach $17,798.85 million by 2031, registering a CAGR of 3.1% from 2022 to 2031.
A lathe machine can be defined as a stationary machine tool that is used to shape metal and wood workpieces. Lathe machines rotate the workpiece in a horizontal or vertical plane to remove the unwanted materials from the workpiece and produce the required shape.
Lathe machines are typically made of components such as main bed, main spindle, sub spindle, chuck, guideway, headstock, tail stock, tool turret and computer numerical control (CNC) systems and are available in a wide range on configurations. Vertical lathes rotates the workpiece in a vertical plane and the machinist works the workpiece in a top to down fashion, conversely a horizontal lathe rotates the workpiece in a horizontal plane and the machinist works the workpiece in a side to side fashion.
According to International Energy Agency, India has approximately 25 vehicles per thousand people as of 2020, and the number is expected to cross 150 vehicles per thousand people by the year 2040. The, rise in automobile sales is anticipated to drive the growth of lathes market as lathe machines are used for producing important automotive components such as nuts, bolts, piston, baseball bat, crankshafts, gearbox cases and cylindrical heads.
According to the World Bank have estimated that the world population is projected to reach above 9 billion in 2050, from around 7 billion in 2020. In addition, improvements in economic conditions across the world has enabled people to spend significantly on life enhancing and relatively luxurious products such as better furniture and cars. This, in turn, increases the use of lathe machines as they can be used for producing important automotive components such as nuts, bolts, piston, pump part, ram, train parts, gun barrels, candlesticks, cue sticks, wooden bowls, baseball bat, and crankshafts.
The global lathe machines market is segmented into type, operation, and end-user industry. By type, the market is categorized into horizontal and vertical. By operation, the market is bifurcated into conventional and CNC. By end-user industry, the market is categorized into automotive, industrial machinery, transportation and other. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
The major players profiled in the lathe machines market report include: Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd., Ellison technologies, Haas Automation, Inc., Hardinge Inc., HMT Machine Tools Limited, JTEKT Machinery Americas Corporation, Okuma Corporation, SMEC CO., LTD. and Yamazaki Mazak Pvt. Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lathe machines market analysis from 2021 to 2031 to identify the prevailing lathe machines market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the lathe machines market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global lathe machines market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
By Operation
By End user industry
- Automotive
- Industrial Machinery
- Transportation
- Other
By Region
- North America
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Dalian Machine Tool Group Corporation
- DMG Mori Co., Ltd.
- Ellison Technologies
- Hardinge Inc.
- HMT Limited
- Okuma Corporation
- Yamazaki Mazak Corporation
- Haas Automation, Inc.
- TEKT Corporation
- Samsung Electronics Co., Ltd. (SMEC Machine Tools)
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growth of the automotive industry
- 3.4.1.2. Growth of the aerospace industry
- 3.4.1.3. Advantages of CNC lathe machines
- 3.4.2. Restraints
- 3.4.2.1. Slowdown of global manufacturing industry
- 3.4.3. Opportunities
- 3.4.3.1. Advancements in manufacturing technology
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: LATHE MACHINES MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Horizontal
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Vertical
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: LATHE MACHINES MARKET, BY OPERATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Conventional
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. CNC
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: LATHE MACHINES MARKET, BY END USER INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Automotive
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Industrial Machinery
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Transportation
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Other
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: LATHE MACHINES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Operation
- 7.2.4. Market size and forecast, by End user industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Type
- 7.2.5.1.3. Market size and forecast, by Operation
- 7.2.5.1.4. Market size and forecast, by End user industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Type
- 7.2.5.2.3. Market size and forecast, by Operation
- 7.2.5.2.4. Market size and forecast, by End user industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Type
- 7.2.5.3.3. Market size and forecast, by Operation
- 7.2.5.3.4. Market size and forecast, by End user industry
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Operation
- 7.3.4. Market size and forecast, by End user industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Type
- 7.3.5.1.3. Market size and forecast, by Operation
- 7.3.5.1.4. Market size and forecast, by End user industry
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Type
- 7.3.5.2.3. Market size and forecast, by Operation
- 7.3.5.2.4. Market size and forecast, by End user industry
- 7.3.5.3. Italy
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Type
- 7.3.5.3.3. Market size and forecast, by Operation
- 7.3.5.3.4. Market size and forecast, by End user industry
- 7.3.5.4. UK
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Type
- 7.3.5.4.3. Market size and forecast, by Operation
- 7.3.5.4.4. Market size and forecast, by End user industry
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Type
- 7.3.5.5.3. Market size and forecast, by Operation
- 7.3.5.5.4. Market size and forecast, by End user industry
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Operation
- 7.4.4. Market size and forecast, by End user industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Type
- 7.4.5.1.3. Market size and forecast, by Operation
- 7.4.5.1.4. Market size and forecast, by End user industry
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Type
- 7.4.5.2.3. Market size and forecast, by Operation
- 7.4.5.2.4. Market size and forecast, by End user industry
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Type
- 7.4.5.3.3. Market size and forecast, by Operation
- 7.4.5.3.4. Market size and forecast, by End user industry
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Type
- 7.4.5.4.3. Market size and forecast, by Operation
- 7.4.5.4.4. Market size and forecast, by End user industry
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Type
- 7.4.5.5.3. Market size and forecast, by Operation
- 7.4.5.5.4. Market size and forecast, by End user industry
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Operation
- 7.5.4. Market size and forecast, by End user industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Type
- 7.5.5.1.3. Market size and forecast, by Operation
- 7.5.5.1.4. Market size and forecast, by End user industry
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Type
- 7.5.5.2.3. Market size and forecast, by Operation
- 7.5.5.2.4. Market size and forecast, by End user industry
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Type
- 7.5.5.3.3. Market size and forecast, by Operation
- 7.5.5.3.4. Market size and forecast, by End user industry
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. Dalian Machine Tool Group Corporation
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. DMG Mori Co., Ltd.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Ellison Technologies
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Haas Automation, Inc.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. Hardinge Inc.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. HMT Limited
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. TEKT Corporation
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Okuma Corporation
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Samsung Electronics Co., Ltd. (SMEC Machine Tools)
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Yamazaki Mazak Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio