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Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global lathe machines market reached a value of US$ 22.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 31.12 Billion by 2027 exhibiting a growth rate (CAGR) of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, operation, capacity and end user.

Breakup by Type:

  • Vertical Lathes
  • Horizontal Lathes
     

Breakup by Operation:

 

 
 

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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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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 and SMEC CO. LTD.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

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

List of Figures

Figure 1: Global: Lathe Machines Market: Major Drivers and Challenges
Figure 2: Global: Lathe Machines Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Lathe Machines Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Lathe Machines Market: Breakup by Type (in %), 2021
Figure 5: Global: Lathe Machines Market: Breakup by Operation (in %), 2021
Figure 6: Global: Lathe Machines Market: Breakup by Capacity (in %), 2021
Figure 7: Global: Lathe Machines Market: Breakup by End User (in %), 2021
Figure 8: Global: Lathe Machines Market: Breakup by Region (in %), 2021
Figure 9: Global: Lathe Machines (Vertical Lathes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Lathe Machines (Vertical Lathes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Lathe Machines (Horizontal Lathes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Lathe Machines (Horizontal Lathes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Lathe Machines (Conventional Lathes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Lathe Machines (Conventional Lathes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Lathe Machines (CNC Lathes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Lathe Machines (CNC Lathes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Lathe Machines (Heavy Duty) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Lathe Machines (Heavy Duty) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Lathe Machines (Medium Duty) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Lathe Machines (Medium Duty) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Lathe Machines (Low Duty) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Lathe Machines (Low Duty) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Lathe Machines (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Lathe Machines (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Lathe Machines (General Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Lathe Machines (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Lathe Machines (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Lathe Machines (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Lathe Machines (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Lathe Machines (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Lathe Machines Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Lathe Machines Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Lathe Machines Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Lathe Machines Industry: SWOT Analysis
Figure 81: Global: Lathe Machines Industry: Value Chain Analysis
Figure 82: Global: Lathe Machines Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Lathe Machines Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Lathe Machines Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Lathe Machines Market Forecast: Breakup by Operation (in Million US$), 2022-2027
Table 4: Global: Lathe Machines Market Forecast: Breakup by Capacity (in Million US$), 2022-2027
Table 5: Global: Lathe Machines Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Lathe Machines Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Lathe Machines Market: Competitive Structure
Table 8: Global: Lathe Machines Market: Key Players


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Key Questions Answered in This Report

The global lathe machines market was valued at US$ 22.7 Billion in 2021.

We expect the global lathe machines market to exhibit a CAGR of 5.10% during 2022-2027.

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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