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

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

Report Format: PDF+Excel | Report ID: SR112024A5232
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Market Overview:

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.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 25.2 Billion
Market Forecast in 2032
US$ 37.5 Billion
Market Growth Rate 2024-2032 4.4%


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.

Global Lathe Machines Market

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.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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:

 

 
 

 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Operation, Capacity, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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, SMEC CO. LTD.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global lathe machines market was valued at US$ 25.2 Billion in 2023.

We expect the global lathe machines market to exhibit a CAGR of 4.4% during 2024-2032.

The growing utilization of lathe machines in woodturning, metal spinning, thermal spraying, etc., owing to the rising trend of industrial automation and precision manufacturing, is primarily driving the global lathe machines market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for lathe machines.

Based on the type, the global lathe machines market has been segmented into vertical lathes and horizontal lathes. Currently, horizontal lathes hold the majority of the total market share.

Based on the operation, the global lathe machines market can be divided into conventional lathes and CNC lathes, where CNC lathes currently exhibit a clear dominance in the market.

Based on the capacity, the global lathe machines market has been categorized into heavy duty, medium duty, and low duty. Among these, heavy duty accounts for the majority of the global market share.

Based on the end user, the global lathe machines market can be segregated into automotive, general manufacturing, transportation, and others. Currently, the automotive industry holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global lathe machines market include 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.

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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
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