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Lathe Machines Market by Type (Horizontal, Vertical), Mode of Operation (Conventional, CNC), End-user industry (Automotive, General Machinery, Transportation) and Geography (North America, Europe, Asia-Pacific, and LAMEA) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

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CM_171959
Pages: 184
Mar 2017 | 3840 Views
 
Author's : Nikhil Dasyam
Tables: 44
Charts: 56
 

Lathe Machines Market Overview:

Global lathe machines market size was valued at $9,925 million in 2015. The lathe machines market is projected to grow at a CAGR of 2.6% and is forecast to reach $12,012 million by 2022. The global lathe machines market is largely driven by the growing automotive production demand, high demanding end-user industries, growing dominance of CNC lathes, and increasing need for smart and sustainable manufacturing. However, the market growth for lathe machines is restrained by factors such as the slowdown in Chinas economic growth and uncertainty in the global manufacturing sector.

Lathe is a machine tool that is principally used for shaping articles of metal, wood, or other materials. Lathe machines are one of the most important machine tools used in the metal working industry. Lathes are considered as powerful metal shaping machine tools. They can transform the unfinished metal sheet into a variety of finished metal products, precise machine components, automotive spares and body parts, and much more. Lathe machines include metal cutting tools that cut the metal sheets into required sizes and engrave desired designs in order to create customized shapes by shaving off the unwanted metal from the surface.

Segment Overview:

The global lathe machines market is segmented based on type, operation, end-user industries, and geography. Based on type, the lathes are classified into vertical and horizontal lathes. By mode of operation, the lathe machines industry is segmented into conventional or manually operated type and CNC lathes. CNC lathes accounted for a dominant share in 2015 and are expected to maintain their position over the forecast period. CNC lathes help the end-user industries to meet the requirements of high production rates, uniformity, and consistent part quality.

The global lathe machines market based on end-user industries is categorized into automotive, general manufacturing, transportation, and others. The automotive industry accounted for a larger share of the market in 2015 and is projected to grow at a CAGR of 6.3% over the forecast period. The growth of the lathe machines market in the automotive industry is driven by the growing automotive production demand and the requirement of complex CNC machines due to toughness of materials, complex geometries, and tight tolerances that are required for manufacturing automotive parts.

Geographically, the lathe machines market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Australia, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The Asia-Pacific region generated the maximum revenue, and is estimated to grow at a CAGR of 3.2%, followed by Europe. The emergence of Asian countries as global economic powers and their increasing interest in developing their local manufacturing base has fueled the market for machine tools such as lathes in the region.

Global Lathe Machines Market Segmentation

lathe machine market segmentation

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Top Investment Pockets for Global Lathe Machines Market

lathe machine market top investment pockets

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The top investment pockets for the global lathe machines market is analyzed across the regions of North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the most dominant region for lathe machines market accounting for $4,345 million in 2015. The Asia-Pacific market is the engine of the global economic demand. Although the external demand for the region remains sluggish, the growth is being supported by the increasing domestic demand. China and Japan are the two most dominant markets for lathe machines in the Asia-Pacific region. The demand for lathe machines in China is expected to remain moderate over the forecast period as the economy in the country continues its rebalancing of shifting away from manufacturing and investment to services and consumption. The highest growth from Asia-Pacific is being witnessed in India supported by the governments initiative to promote India as the worlds most preferred hub for manufacturing. The Indian government launched the Make in India program which plans to place India on the world map as a manufacturing hub and provide momentum to the Indian economy.

Europe is the second most dominant market for lathe machines globally. Europes machine tool industry is one of the most globally competitive sectors and generates more than one third of the world machine tool production and half of the worlds exports. Over the past few years, Europes position has been severally challenged by the emergence of low cost Asian countries. However, the lathe machines market growth in Europe is being supported by the economic recovery in Europe and growing demand for automotive and aerospace production.

Key Benefits

  • This study provides an in-depth analysis of the global lathe machines market along with current trends and future estimations to identify the potential investment pockets for stakeholders.
  • It presents information regarding key drivers, restraints, and opportunities along with their impact analysis.
  • Porters Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers.
  • Quantitative analysis of the current market and estimations from 2014 to 2022 is provided to highlight the financial competency of the market.

Lathe Machines Market Key Segmentation

The global lathe machines market is segmented on the basis of type, by operation, end-use industries, and geography.

By Type

  • Vertical lathes
  • Horizontal lathes

By Operation

  • Conventional lathes
  • CNC lathes

By End-user

  • Automotive
  • General manufacturing
  • Transportation
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Australia
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Middle East
    • Latin America
    • Africa

Key Players

  • Dalian Machine Tool Corporation
  • DMG Mori Co., Ltd
  • Doosan Machine Tools
  • Haas Automotive Inc.
  • Hardinge, Inc.
  • HMT Machine Tools
  • JTEKT Corporation
  • Okuma Corporation
  • Samsung Machine Tools
  • Yamazaki Mazak Corporation
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top impacting factors
3.2.3. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Low bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. High competitive rivalry
3.3.5. Moderate threat of new entrants

3.4. MARKET PLAYERS POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Growth in consumer disposable income
3.5.1.2. Growing automotive industry
3.5.1.3. Growing aerospace industry
3.5.1.4. Growing dominance of CNC lathes

3.5.2. Restraints

3.5.2.1. Chinese economic slowdown
3.5.2.2. Uncertainty in the global manufacturing sector
3.5.2.3. Government and environmental regulations

3.5.3. Opportunities

3.5.3.1. Evolution of smart and sustainable manufacturing

Chapter: 4 GLOBAL LATHE MACHINES MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. HORIZONTAL LATHES

4.2.1. Key market trends
4.2.2. Key drivers and opportunities
4.2.3. Market size and forecast

4.3. VERTICAL LATHES

4.3.1. Key market trends
4.3.2. Key drivers and opportunities
4.3.3. Market size and forecast

Chapter: 5 GLOBAL LATHE MACHINES MARKET, BY MODE OF OPERATION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. CONVENTIONAL LATHES

5.2.1. Key market trends
5.2.2. Key drivers and opportunities
5.2.3. Market size and forecast

5.3. CNC LATHES

5.3.1. Key market trends
5.3.2. Key drivers and opportunities
5.3.3. Market size and forecast

Chapter: 6 GLOBAL LATHE MACHINES MARKET, END-USER INDUSTRY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. AUTOMOTIVE

6.2.1. Key market trends
6.2.2. Key drivers and opportunities
6.2.3. Market size and forecast

6.3. GENERAL MACHINERY

6.3.1. Key market trends
6.3.2. Key drivers and opportunities
6.3.3. Market size and forecast

6.4. TRANSPORTATION

6.4.1. Key market trends
6.4.2. Key drivers and opportunities
6.4.3. Market size and forecast

6.5. OTHERS

6.5.1. Key market trends
6.5.2. Key drivers and opportunities
6.5.3. Market size and forecast

Chapter: 7 GLOBAL LATHE MACHINES MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key drivers and opportunities

7.2.2.1. U.S.
7.2.2.2. Canada
7.2.2.3. Mexico

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key drivers and opportunities

7.3.2.1. Germany
7.3.2.2. UK
7.3.2.3. France
7.3.2.4. Italy
7.3.2.5. Rest Of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key drivers and opportunities

7.4.2.1. China
7.4.2.2. India
7.4.2.3. Japan
7.4.2.4. Australia
7.4.2.5. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key drivers and opportunities

7.5.2.1. Latin America
7.5.2.2. Middle East
7.5.2.3. Africa

Chapter: 8 COMPANY PROFILES

8.1. DALIAN MACHINE TOOL CORPORATION

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments

8.2. DMG MORI CO., LTD

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments

8.3. DOOSAN MACHINE TOOLS

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments

8.4. HAAS AUTOMATION INC.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments

8.5. HARDINGE INC

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments

8.6. HMT MACHINE TOOLS

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments

8.7. JTEKT CORPORATION

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments

8.8. OKUMA CORPORATION

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments

8.9. SAMSUNG MACHINE TOOLS

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance

8.10. YAMAZAKI MAZAK CORPORATION

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL LATHE MACHINES MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
TABLE 2. HORIZONTAL LATHE MACHINE MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 3. VERTICAL LATHE MACHINE MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 4. GLOBAL LATHE MACHINES MARKET REVENUE, BY MODE OF OPERATION, 2014-2022 ($MILLION)
TABLE 5. CONVENTIONAL LATHE MACHINE MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 6. CNC LATHE MACHINE MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 7. GLOBAL LATHE MACHINES MARKET REVENUE, BY END-USER INDUSTRY, 2014-2022 ($MILLION)
TABLE 8. LATHE MACHINE MARKET REVENUE FOR AUTOMOTIVE INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 9. LATHE MACHINE MARKET REVENUE FOR GENERAL MACHINERY INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 10. LATHE MACHINE MARKET REVENUE FOR TRANSPORTATION INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 11. LATHE MACHINE MARKET REVENUE FOR OTHER INDUSTRIES, BY REGION, 2014-2022 ($MILLION)
TABLE 12. LATHE MACHINES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 13. NORTH AMERICA LATHE MACHINES MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
TABLE 14. NORTH AMERICA LATHE MACHINES MARKET REVENUE, BY MODE OF OPERATION, 2014-2022 ($MILLION)
TABLE 15. NORTH AMERICA LATHE MACHINES MARKET REVENUE, BY END-USER SECTOR, 2014-2022 ($MILLION)
TABLE 16. EUROPE LATHE MACHINES MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
TABLE 17. EUROPE LATHE MACHINES MARKET REVENUE, BY MODE OF OPERATION, 2014-2022 ($MILLION)
TABLE 18. EUROPE LATHE MACHINES MARKET REVENUE, BY END-USER SECTOR, 2014-2022 ($MILLION)
TABLE 19. ASIA-PACIFIC LATHE MACHINES MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
TABLE 20. ASIA-PACIFIC LATHE MACHINES MARKET REVENUE, BY MODE OF OPERATION, 2014-2022 ($MILLION)
TABLE 21. ASIA-PACIFIC LATHE MACHINES MARKET REVENUE, BY END-USER SECTOR, 2014-2022 ($MILLION)
TABLE 22. LAMEA LATHE MACHINES MARKET REVENUE, BY TYPE, 2014-2022 ($MILLION)
TABLE 23. LAMEA LATHE MACHINES MARKET REVENUE, BY MODE OF OPERATION, 2014-2022 ($MILLION)
TABLE 24. LAMEA LATHE MACHINES MARKET REVENUE, BY END-USER SECTOR, 2014-2022 ($MILLION)
TABLE 25. DALIAN MACHINE TOOL CORPORATION: COMPANY SNAPSHOT
TABLE 26. DALIAN MACHINE TOOL CORPORATION: OPERATING SEGMENTS
TABLE 27. DMG MORI CO., LTD: COMPANY SNAPSHOT
TABLE 28. DMG MORI CO., LTD: OPERATING SEGMENTS
TABLE 29. DOOSAN MACHINE TOOLS: COMPANY SNAPSHOT
TABLE 30. DOOSAN MACHINE TOOLS: OPERATING SEGMENTS
TABLE 31. HAAS AUTOMATION INC: COMPANY SNAPSHOT
TABLE 32. HAAS AUTOMATION INC: OPERATING SEGMENTS
TABLE 33. HARDINGE INC: COMPANY SNAPSHOT
TABLE 34. HARDINGE INC: OPERATING SEGMENTS
TABLE 35. HMT MACHINE TOOLS: COMPANY SNAPSHOT
TABLE 36. HMT MACHINE TOOLS: OPERATING SEGMENTS
TABLE 37. JTEKT CORPORATION: COMPANY SNAPSHOT
TABLE 38. JTEKT CORPORATION: OPERATING SEGMENTS
TABLE 39. OKUMA CORPORATION: COMPANY SNAPSHOT
TABLE 40. OKUMA CORPORATION: OPERATING SEGMENTS
TABLE 41. SAMSUNG MACHINE TOOLS: COMPANY SNAPSHOT
TABLE 42. SAMSUNG MACHINE TOOLS: OPERATING SEGMENTS
TABLE 43. YAMAZAKI MAZAK CORPORATION: COMPANY SNAPSHOT
TABLE 44. YAMAZAKI MAZAK CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. GLOBAL LATHE MACHINES MARKET: EXECUTIVE SUMMARY SNAPSHOT
FIGURE 2. GLOBAL LATHE MACHINES MARKET SEGMENTATION
FIGURE 3. TOP INVESTMENT POCKETS
FIGURE 4. TOP IMPACTING FACTORS
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. COMPETITIVE RIVALRY
FIGURE 9. THREAT OF NEW ENTRANTS
FIGURE 10. GLOBAL LATHE MACHINES MARKET, BY MATERIAL TYPE, 2015 & 2022 (%)
FIGURE 11. COMPARATIVE REGIONAL SHARE ANALYSIS OF HORIZONTAL LATHE MACHINES MARKET, 2015 & 2022 (%)
FIGURE 12. GLOBAL HORIZONTAL LATHE MACHINES MARKET, 2014-2022 ($MILLION)
FIGURE 13. COMPARATIVE REGIONAL SHARE ANALYSIS OF VERTICAL LATHE MACHINES MARKET, 2015 & 2022 (%)
FIGURE 14. GLOBAL VERTICAL LATHE MACHINES MARKET, 2014-2022 ($MILLION)
FIGURE 15. GLOBAL LATHE MACHINES MARKET, BY MODE OF OPERATION, 2015 & 2022 (%)
FIGURE 16. COMPARATIVE REGIONAL SHARE ANALYSIS OF CONVENTIONAL LATHE MACHINES MARKET, 2015 & 2022 (%)
FIGURE 17. GLOBAL CONVENTIONAL LATHE MACHINES MARKET, 2014-2022 ($MILLION)
FIGURE 18. COMPARATIVE REGIONAL SHARE ANALYSIS OF CNC LATHE MACHINES MARKET, 2015 & 2022 (%)
FIGURE 19. GLOBAL CNC LATHE MACHINES MARKET, 2014-2022 ($MILLION)
FIGURE 20. GLOBAL LATHE MACHINES MARKET, BY END-USER INDUSTRY, 2015 & 2022 (%)
FIGURE 21. COMPARATIVE REGIONAL SHARE ANALYSIS OF CNC LATHE MACHINES MARKET FOR AUTOMOTIVE INDUSTRY, 2015 & 2022
FIGURE 22. GLOBAL AUTOMOTIVE LATHE MACHINES MARKET, 2014-2022 ($MILLION)
FIGURE 23. COMPARATIVE REGIONAL SHARE ANALYSIS OF CNC LATHE MACHINES MARKET FOR GENERAL MACHINERY INDUSTRY, 2015 & 2022
FIGURE 24. GLOBAL LATHE MACHINES MARKET FOR GENERAL MACHINERY INDUSTRY, 2014-2022 ($MILLION)
FIGURE 25. COMPARATIVE REGIONAL SHARE ANALYSIS OF LATHE MACHINES MARKET FOR TRANSPORTATION MACHINERY INDUSTRY, 2015 & 2022
FIGURE 26. GLOBAL LATHE MACHINES MARKET FOR TRANSPORTATION INDUSTRY, 2014-2022 ($MILLION)
FIGURE 27. COMPARATIVE REGIONAL SHARE ANALYSIS OF LATHE MACHINES MARKET FOR OTHER MACHINERY INDUSTRY, 2015 & 2022
FIGURE 28. GLOBAL LATHE MACHINES MARKET FOR OTHER INDUSTRIES, 2014-2022 ($MILLION)
FIGURE 29. LATHE MACHINES MARKET SHARE, BY REGION, 2015 (%)
FIGURE 30. NORTH AMERICA LATHE MACHINES MARKET REVENUE, BY COUNTRY & END-USER INDUSTRY, 2014-2022 ($MILLION)
FIGURE 31. U.S. LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 32. CANADA LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 33. MEXICO LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 34. EUROPE LATHE MACHINES MARKET REVENUE, BY COUNTRY & END-USER INDUSTRY, 2014-2022 ($MILLION)
FIGURE 35. GERMANY LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 36. UK LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 37. FRANCE LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 38. ITALY LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 39. REST OF EUROPE LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 40. ASIA-PACIFIC LATHE MACHINES MARKET REVENUE, BY COUNTRY & END-USER INDUSTRY, 2014-2022 ($MILLION)
FIGURE 41. CHINA LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 42. INDIA LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 43. JAPAN LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 44. AUSTRALIA LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 45. REST OF ASIA-PACIFIC LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 46. LAMEA LATHE MACHINES MARKET REVENUE, BY COUNTRY & END-USER INDUSTRY, 2014-2022 ($MILLION)
FIGURE 47. LATIN AMERICA LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 48. MIDDLE EAST LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 49. AFRICA LATHE MACHINES MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 50. DMG MORI CO., LTD: REVENUE BY YEARS, 2013-2015 ($MILLION)
FIGURE 51. DOOSAN MACHINE TOOLS: REVENUE BY YEARS, 2013-2015 ($MILLION)
FIGURE 52. HARDINGE INC: REVENUE BY YEARS, 2013-2015 ($MILLION)
FIGURE 53. HMT MACHINE TOOLS: REVENUE BY YEARS, 2013-2015 ($MILLION)
FIGURE 54. JTEKT CORPORATION: REVENUE BY YEARS, 2013-2015 ($MILLION)
FIGURE 55. OKUMA CORPORATION: REVENUE BY YEARS, 2014-2016 ($MILLION)
FIGURE 56. SAMSUNG MACHINE TOOLS: REVENUE BY YEARS, 2014-2016 ($MILLION)

 

Lathe is a machine tool that is used for shaping articles of metal, wood, or other materials in the metal working industry, operating on the principle of a rotating workpiece and a fixed cutting tool. The global lathe machines market is estimated to witness moderate growth during the forecast period, owing to increase in consumer disposable income and growth in end-user industries such as automotive and aerospace. One of the key factor driving the lathe machines market is the increase in domination of CNC machines in the end-user industries. CNC (Computer Numeric Control) lathes are automatic machine tools that allow for precise operation of stored programmable commands. In conventional machines, manual involvement of operator decides various machines parameters such as feed and depth of cut according to the requirements. The CNC lathe machines market is being accelerated by the upsurge in adoption of CNC cutting, which reduces the production time and element of human error to a great extent. Enterprises have gained significant competitive advantages through the adoption of CNC machines. CNC offers a wide range of benefits owing to the R&D efforts undertaken over the last couple of decades. Essentially, CNC cutting enables precise cutting of a metal while taking into account various requirements.

 

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