How Lathe Machines Market Will Dominate In Coming Years? Key Players: Yamazaki Mazak Pvt. Ltd, Samsung Machine Tools, Hardinge Inc., Doosan Machine Tools Co., Ltd., Dalian Machine Tool Corporation, Ace Micromatic Group, Yamazaki Mazak Corporation, HMT Mac

The lathe machines market size is projected to be worth USD 40.22 billion by 2026, from USD 25.01 billion as in 2018. The forecast period is set from 2019 to 2026, and the market is anticipated to exhibit a CAGR of 6.0%. A recent report by Fortune Business Insights titled, “Lathe Machines Market Size, Share & Industry Analysis, By Product (CNC, Conventional), By Application (Automotive, General Machinery, Precision Machinery, Transport Machinery, Others) and Regional Forecasts, 2019-2026,” discusses the market and its trajectories in details. As per current lathe machines market trends, the automotive segment is leading in terms of application with 43.0% market share.

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Some of the significant lathe machines market manufacturers are listed below:
• Yamazaki Mazak Pvt. Ltd
• Samsung Machine Tools
• Hardinge Inc.
• Doosan Machine Tools Co., Ltd.
• Dalian Machine Tool Corporation
• Ace Micromatic Group
• Yamazaki Mazak Corporation
• HMT Machine Tools Ltd.
• Haas Automation, Inc.
• Okuma Corporation
• DMG Mori Co., Ltd.

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Advent of Internet of Things to Promote Market Growth

The advent of technological advancements is a major factor augmenting the lathe machines market growth. The rise in adoption and utilization of real-time information access is promoting the use of Internet of Things or IoT-enabled devices. This is because IoT devices provide cost and energy efficiency and are capable of tracking the energy consumed, thus providing greater visibility on product schedule optimization and saving energy. Thus, the surge in demand for human-machine interaction is also projected to promote the use of IoT-enabled devices.

In addition to that, the rise in need for CNC lathes is also boosting the market growth. The high operating accuracy that CNC machines provide results in reduced wastage and the use of optimum raw materials, thus anticipated to accelerate the lathe machines market share. Furthermore, the rise in demand for critical component product manufacturing and the high accuracy provided by it is further prognosticated to help increase the lathe machines market size in the forecast period.
Increasing Adoption of Machinery and Equipment to Help Dominate Market in Asia Pacific

The lathe machines market is geographically categorized into Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa. Among these, Asia Pacific dominated the market, on account of the rising adoption of Industry 4.0 trend. In 2018, Asia Pacific held a lathe machines market size of USD 12.64 billion. In addition, there is a rise in demand for machinery and equipment especially from developing nations such as China and India. The Chinese government is promoting industrialization by taking initiatives such as “Made in China 2025,” under which they are aiming at becoming the high-end producer of goods in terms of machinery and equipment. Such initiatives are expected to help the regional market continue its dominance in the forthcoming years as well.

Geographical Expansion of Companies will Prove Beneficial for Market Players

Lathe machines market manufacturers are emphasizing on expanding their geographical presence and increasing their product portfolio worldwide. This will help to cater to the needs of customers worldwide and generate huge lathe machines market revenue in the forecast duration. Furthermore, the development of 5-axis multitasks lathes, and other multitask lathes will further propel the lathe machines market growth in the years to come.

Key Industry Developments

Some of the key industry developments in the lathe machines market include:

September 2018 – The Hanwha sliding head CNC lathes and collaborative robots (Cobots) was launched by Dugard at the Dugard open house. The company aimed to be at the top of CNC automatic lathe manufacturers and invented the Cobots for application in various sectors such as defense, automotive, electronics, medical, and aerospace.
October 2018 - For catering to the demand of the Chinese customers, a state-of-the-art technological center was built in Shanghai, China, by Ace Micromatic Group (AMG). The product of this company such as grinding machines, machining centers, and CNC lathes, were installed in about more than 60 cities all over China.

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Table of Content

5. Global Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts – By Product (Value)
5.2.1.CNC (Computerized numerical control)
5.2.1.1.Vertical CNC Lathe machines
5.2.1.2. Horizontal CNC Lathe machines
5.2.2.Conventional
5.3.Market Sizing Estimations and Forecasts – By Application (Value)
5.3.1.Automotive
5.3.2.General Machinery
5.3.3.Precision engineering
5.3.4.Transport Machinery
5.3.5.Others
5.4.Market Analysis, Insights and Forecast – By Region (Value)
5.4.1.North America
5.4.2.Europe
5.4.3.Asia Pacific
5.4.4.Middle East & Africa
5.4.5.Latin America
6. North America Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts – By Product (Value)
6.2.1.CNC (Computerized numerical control)
6.2.1.1.Vertical CNC Lathe machines
6.2.1.2.Horizontal CNC Lathe machines
6.2.2.Conventional
6.3.Market Sizing Estimations and Forecasts – By Application (Value)
6.3.1.Automotive
6.3.2.General Machinery
6.3.3.Precision engineering
6.3.4.Transport Machinery
6.3.5.Others
6.4.Market Analysis, Insights and Forecast – By Country (Value)
6.4.1.United States
6.4.2.Canada
7. Europe Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts – By Product (Value)
7.2.1.CNC (Computerized numerical control)
7.2.1.1.Vertical CNC Lathe machines
7.2.1.2.Horizontal CNC Lathe machines
7.2.2.Conventional
7.3.Market Sizing Estimations and Forecasts – By Application (Value)
7.3.1.Automotive
7.3.2.General Machinery
7.3.3.Precision engineering
7.3.4.Transport Machinery
7.3.5.Others
7.4.Market Analysis, Insights and Forecast – By Country (Value)
7.4.1.Germany
7.4.2.UK
7.4.3.Russia
7.4.4.Italy
7.4.5.Rest of Europe
8. Asia Pacific Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts – By Product (Value)
8.2.1.CNC (Computerized numerical control)
8.2.1.1.Vertical CNC Lathe machines
8.2.1.2.Horizontal CNC Lathe machines
8.2.2.Conventional
8.3.Market Sizing Estimations and Forecasts – By Application (Value)
8.3.1.Automotive
8.3.2.General Machinery
8.3.3.Precision engineering
8.3.4.Transport Machinery
8.3.5.Others
8.4.Market Analysis, Insights and Forecast – By Country (Value)
8.4.1.China
8.4.2.Japan
8.4.3.India
8.4.4.Southeast Asia
8.4.5.Rest of Asia Pacific
9. Middle East and Africa Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
9.1.Key Findings / Summary
9.2.Market Sizing Estimations and Forecasts – By Product (Value)
9.2.1.CNC (Computerized numerical control)
9.2.1.1.Vertical CNC Lathe machines
9.2.1.2.Horizontal CNC Lathe machines
9.2.2.Conventional
9.3.Market Sizing Estimations and Forecasts – By Application (Value)
9.3.1.Automotive
9.3.2.General Machinery
9.3.3.Precision engineering
9.3.4.Transport Machinery
9.3.5.Others
9.4.Market Analysis, Insights and Forecast – By Country (Value)
9.4.1.GCC
9.4.2.South Africa
9.4.3.Rest of MEA
10. Latin America Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
10.1.Key Findings / Summary
10.2.Market Sizing Estimations and Forecasts – By Product (Value)
10.2.1.CNC (Computerized numerical control)
10.2.1.1.Vertical CNC Lathe machines
10.2.1.2.Horizontal CNC Lathe machines
10.2.2.Conventional
10.3.Market Sizing Estimations and Forecasts – By Application (Value)
10.3.1.Automotive
10.3.2.General Machinery
10.3.3.Precision engineering
10.3.4.Transport Machinery
10.3.5.Others
10.4.Market Analysis, Insights and Forecast – By Country (Value)
10.4.1.Brazil
10.4.2.Mexico
10.4.3.Rest of LATAM
11. Global Market Share Analysis, By Key Players, 2018
12. Competition Matrix
12.1.Business Strategies Adopted by Leading Players

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