Lathe Machine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW
A lathe is a machine tool that uses tools to spin a workpiece around an axis of rotation to accomplish operations such as cutting, sanding, knurling, drilling, deformation, facing, and turning. Woodturning, metalworking, metal spinning, thermal spraying, parts reclamation, and glassoworking are all done on lathes. Pottery may be shaped on lathes, with the Potter's wheel being the most welloknown design. Most metalworking lathes that are properly equipped can also create most solids of rotation, flat surfaces, and screw threads or helices. 

MARKET SCOPE
The "Global Lathe Machine Market Analysis to 2031" is a specialized and inodepth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lathe machine market with detailed market segmentation by lathe type, mode of operation, end user, and geography. The report provides key statistics on the market status of the leading lathe machine market players and offers key trends and opportunities in the market. 

MARKET SEGMENTATION

• On the basis of lathe type, the market is segmented as horizontal, and vertical. 
• On the basis of mode of operation, the market is segmented as conventional, and CNC. 
• On the basis of end user, the market is segmented as automotive, general machinery, transportation, and others. 

MARKET DYNAMICS

Drivers     

• Growth in consumer disposable income
• Growing dominance of CNC lathes

Restraints

• Government and environmental regulations

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The lathe machine market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. 
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the lathe machine market in these regions

IMPACT OF COVID-19 ON LATHE MACHINE MARKET
The outbreak of the COVID-19 has severely impacted the manufacturing, and construction industries, which resulted in lower production and sales of lathe machine in the year 2021. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Further, the shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and declined the sale of lathe machine for specific periods. However, as economies started to open in 2021, market normalized the sale volume with an increase in construction and manufacturing activities. Rapid growth of the automotive industry increases the production of automobiles, which augments the demand for lathe machines. 

Lathe Machine Market Report Analysis

Lathe Machine Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• 1Okuma Corporation
• JTEKT Corporation
• HMT Machine Tools Limited
• Hardinge Inc.
• Haas Automation, Inc
• Doosan Machine Tools
• DMG MORI. CO., LTD.
• General Technology Group Dalian Machine Tool Corporation
• SMEC CO., LTD.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Lathe Type

• Horizontal
• Vertical

By Mode of Operation

• Conventional
• CNC

By End User

• Automotive
• General machinery
• Transportation

MARKET PLAYERS
The report covers key developments in the lathe machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lathe machine market is anticipated to lucrative growth opportunities in the future with the rising demand for lathe machine in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lathe machine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 

• Okuma Corporation
• JTEKT Corporation
• HMT Machine Tools Limited
• Hardinge Inc. 
• Haas Automation, Inc
• Doosan Machine Tools
• DMG MORI. CO. , LTD. 
• General Technology Group Dalian Machine Tool Corporation
• SMEC CO. , LTD. 
• YAMAZAKI MAZAK CORPORATION

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. 

Lathe Machine Market Report Scope