Conventional Lathe Machine Market Scope And Analysis

Report Code : TIPRE00029909
Category : Manufacturing and Construction

Status : Published
No. of Pages : 209

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Conventional Lathe Machine Market Analysis and Scope (2024 to 2028)

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Conventional Lathe Machine Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 0.95 Billion
Market Size by 2028	US$ 1.47 Billion
Global CAGR (2023 - 2028)	9.2%
Historical Data	2021-2022
Forecast period	2024-2028
Segments Covered	By Spindle Orientation Horizontal and Vertical By Number of Axis 2 and 3 By End-User Automotive General Machinery Aerospace Electronics Oil & Gas By Lathe Type Universal Lathe and Oil Country Lathe
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Myday Machinery Inc Romi Machine Tools Ltd Colchester Machine Tool Solutions Ltd Metalurgica Torrent SA Knuth Werkzeugmaschinen GmbH Optimum Maschinen GmbH Win Ho Technology Industrial Co Ltd Comev SpA ITAMA Srl

Recent Developments

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the conventional lathe machine market. A few recent key market developments are listed below:

In 2022, TJM Capital, a private equity investment firm specializing in lower and middle-market growth businesses, successfully acquired the Machine Tool Solutions Division of the UK's 600 Group. As part of this acquisition, TJM Capital has gained ownership of Colchester Machine Tool Solutions, a company with offices in the UK, Germany, and Australia, and Clausing Industrial, based in Michigan, US. This strategic move by TJM Capital allows it to expand its portfolio and further strengthen its presence in the machine tool industry. The acquisition presents new opportunities for growth and development within the sector.
In 2021, Romi USA recently formed a strategic partnership with United Precision Services (UPS), based in Cincinnati, Ohio. This exclusive distribution agreement grants UPS the sole rights to distribute Romi's extensive range of heavy-duty horizontal and vertical lathes throughout the United States and Canada. As part of their services, UPS boasts a fully functional showroom and provides comprehensive turn-key machining solutions to their customers. This collaboration is expected to strengthen Romi's presence in the North American market and expand the reach of its high-quality CNC lathe products.
In 2022, Romi has launched the C 1100H heavy-duty flatbed lathe, designed for machining large parts. It features a monoblock cast iron bed for enhanced rigidity and accuracy. The lathe also includes a cast iron headstock with Timken bearings, a coolant and lubricating system with sensors, and a high torque AC motor for efficient operation.