Global Lathe Machine Market
The global Lathe Machine market was valued at USD 10,350.50 Mn million in 2020 which expected to reach USD 13,500.45 Mn by 2027 at a CAGR 3.45% from 2020-2027.
A lathe is a machine tool that is primarily used to shape metal, wood, or other materials into various shapes. In the metalworking industry, lathe machines are one of the most important machine tools. Lathes are extremely effective metal shaping machines. They can turn unfinished metal sheets into a wide range of finished metal products, including precise machine components, automotive spares and body parts, and much more.
Market Drivers
Manufacturing Sector Acceleration in Developing Countries
Rise in demand from developing countries such as India and China, Asia-Pacific dominates the lathe machine market. The Chinese government's initiatives, such as "Made in China 2025," aim to make the country a high-end producer of goods. This is expected to boost the market for lathe machines in the near future. Growing demand for the prefabricated metal industry is expected to generate significant revenue in North America and Latin America. The growing popularity of CNC lathe machines is expected to fuel the European lathe machine market.
Furthermore, the rise in demand for precision manufacturing, particularly as a result of the implementation of Industry 4.0 in major segments of the manufacturing sector, is driving the global market for lathe machines.
Market Restraints
Several Industrial Economies in North America, Europe and East Asia are trapped in low growth trap while the manufacturing growth of the number of emerging industrial economies is also decreasing. One of the key reasons is the lack of adequate support from finacial sectors, Investments has severely declined ,in industrialized economies, while foreign direct investment in developing countries remained lower throughout.
Impact of COVID-19
The pandemic of COVID-19 had a significant impact on the trade segment and industry.Manufacturers are figuring out how to recover from the current situation by reshaping their sales channels and product innovation. The duration of the virus outbreak remains an important factor in determining the pandemic's overall impact. The global Lathe Machines industry, on the other hand, is expected to stabilize after 2021.The pandemic had little effect on the liquor industry..
Market Segmentation
The Global Lathe Machine Market is segmented into Product, Operation, Distribution Channel and Growing System. By Product such as Vertical lathes, Horizontal lathes, CNC Flat Bed Lathes, CNC Slant Bed Lathes, Turnmill machines or turning centers. Further, market is segmented into By Operation such as Conventional lathes, CNC lathes. End-User such as Automotive, General Manufacturing, Transportation, Others
Regional Analysis
Global Lathe Machine Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia-Pacific region dominated the lathe machine market. The Asia-Pacific region is the driving force behind global economic growth. Despite the fact that external demand for the region is still sluggish, the region's growth is being aided by rising domestic demand. In the Asia-Pacific region, China and Japan are the two most important markets for lathe machines.
Key Players
Various key players are listed in this report such as Geminis lathes SA, Tacchi Giacomo en Figli, Giuseppe Giana SRL, Maschinenfabrik Herkules GmbH & Co, Waldrich Siegen GmbH & Co, WFL Millturn technologies GmbH & Co, Weingartner Maschinenbau GmbH, NSH Group (Niles-Simmons)
Market Taxonomy
By Product
By Operation
By End-User
By Region
Key Questions Addressed by the Report
Global Lathe Machine Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Lathe Machine Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Lathe Machine Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Lathe Machine Market Share Analysis, By Product
5.3 Global Lathe Machine Market Size and Forecast, By Product
5.3.1 Vertical lathes
5.3.2 Horizontal lathes
5.3.2.1 CNC Flat Bed Lathes
5.3.2.2 CNC Slant Bed Lathes
5.3.3 Turnmill machines or turning centers
6 Global Lathe Machine Market, By Operation
6.1 Y-o-Y Growth Comparison, By Operation
6.2 Global Lathe Machine Market Share Analysis, By Operation
6.3 Global Lathe Machine Market Size and Forecast, By Operation
6.3.1 Conventional lathes
6.3.2 CNC lathes
7 Global Lathe Machine Market, By End-User
7.1 Y-o-Y Growth Comparison, By End-User
7.2 Global Lathe Machine Market Share Analysis, By End-User
7.3 Global Lathe Machine Market Size and Forecast, By End-User
7.3. 1Automotive
7.3.2 General Manufacturing
7.3.3 Transportation
7.3.4 Others
8 Global Lathe Machine Market, By Region
8.1 Global Lathe Machine Market Share Analysis, By Region
8.2 Global Lathe Machine Market Share Analysis, By Region
8.3 Global Lathe Machine Market Size and Forecast, By Region
9 North America Lathe Machine Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Lathe Machine Market Share Analysis, By Product
9.3 North America Lathe Machine Market Size and Forecast, By Operation
9.4 North America Lathe Machine Market Size and Forecast, By End-User
9.6 North America Lathe Machine Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Lathe Machine Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Lathe Machine Market Share Analysis, By Product
10.3 Europe Lathe Machine Market Size and Forecast, By Operation
10.4 Europe Lathe Machine Market Size and Forecast, By End-User
10.6 Europe Lathe Machine Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Lathe Machine Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Lathe Machine Market Share Analysis, By Product
11.3 Asia Pacific Lathe Machine Market Size and Forecast, By Operation
11.4 Asia Pacific Lathe Machine Market Size and Forecast, By End-User
11.6 Asia Pacific Lathe Machine Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Lathe Machine Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Lathe Machine Market Share Analysis, By Product
12.3 Latin America Lathe Machine Market Size and Forecast, By Operation
12.4 Latin America Lathe Machine Market Size and Forecast, By End-User
12.6 Latin America Lathe Machine Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Lathe Machine Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Lathe Machine Market Share Analysis, By Product
13.3 Middle East Lathe Machine Market Size and Forecast, By Operation
13.4 Middle East Lathe Machine Market Size and Forecast, By End-User
13.6 Middle East Lathe Machine Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Geminis lathes SA
15.1.1 Overview
15.1.2 Products
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Tacchi Giacomo en Figli
15.2.1 Overview
15.2.2 Products
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Giuseppe Giana SRL
15.3.1 Overview
15.3.2 Products
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Maschinenfabrik Herkules GmbH & Co
15.4.1 Overview
15.4.2 Products
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Waldrich Siegen GmbH & Co
15.5.1 Overview
15.5.2 Products
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 WFL Millturn technologies GmbH & Co
15.6.1 Overview
15.6.2 Products
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Weingartner Maschinenbau GmbH
15.7.1 Overview
15.7.2 Products
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 NSH Group (Niles-Simmons)
15.8.1 Overview
15.8.2 Products
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
