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2017
Lathe Machines Market

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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Report Code: A01629
Pages: 184
Mar 2017 | 20694 Views
Author(s) : Nikhil D
Tables: 44
Charts: 56
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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

Top Investment Pockets for Global Lathe Machines Market

lathe machine market top investment pockets

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
 

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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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FREQUENTLY ASKED QUESTIONS?

A. The lathe machines market growth is expected to have a CAGR of 2.6% from 2016-2022.

A. Growth in consumer disposable income, booming automotive industry, and increased dominance of CNC lathes are some of the growth factors that drives the lathe machines market growth.

A. The report sample for lathe machines market report can be obtained on demand from the website.

A. Evolution in smart and sustainable manufacturing is one of the key the emerging trends in the lathe machines market.

A. Product launch is one of the key growth strategies of lathe machines market players.

A. The statistical data of the top market players of lathe machines market can be obtained from the company profile section mentioned in the report.

A. Asia-Pacific region will provide more business opportunities for lathe machines market in coming years.

A. By type, horizontal lathe machine holds the maximum share of the lathe machines market.

A. Some of the leading players in lathe machines market are Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automation Inc., Hardinge Inc., HMT Machine Tools, JTEJT Corporation, Samsung Machine Tools, and Yamazaki Mazak Corporation.

A. Some of the potential customers of lathe machines industry are automotive, transportation, and general machinery industry.

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