Lathe Machines Market worth USD 31.5 billion by 2027
The Market Statsville Group (MSG) publishes the new report on the "Lathe Machines Market by Type (Vertical lathes and Horizontal lathes), by Operation (Conventional lathes and CNC lathes), by End-Users (Automotive, General Manufacturing, Transportation and Others), by Region – Global Share and Forecast to 2027".The global lathe machines market size is expected to grow from USD 24.9 billion in 2020 to USD 31.5 billion by 2027, at a CAGR of 4.0% during the forecast period. The automotive industry is one of the key end-user segments for the lathe machines market. The automotive market globally is expected to grow during the forecast period due to low-interest rates and increasing disposable income. Global automotive sales reached record levels in 2020, and this trend is likely to continue throughout the forecast period. German supplier Continental Automotive estimates that the worldwide production of cars and light trucks will grow slightly during the forecast period. The increase in sales is being witnessed in Asia-Pacific, North America, and the Middle East & Africa, while moderate growth is seen in Europe. Although penetration of automobiles into households has increased over the past decade, there is scope for further gain as the middle class in these countries continues to expand.
Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Lathe Machines Market Research Report 2021-2027."
Get Free Sample Report: https://www.marketstatsville.com/request-sample/lathe-machines-market
Global Lathe Machines Market Segmentation
The overall lathe machines market has been segmented into type, operation, end-users, and region.
• By Type (Vertical lathes and Horizontal lathes),
• By Operation (Conventional lathes and CNC lathes)
• By End-Users (Automotive, General Manufacturing, Transportation and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Buy Now at 25% discount: https://www.marketstatsville.com/buy-now/lathe-machines-market
CNC lathes, by operation, is estimated to hold the largest market share during the forecast period
The lathe machines market by mode of operation has been segmented into conventional or manual lathes and CNC lathes. CNC lathes were the highest contributor to the lathe machines market in 2020 and had a market share of 81.8%. CNC lathes are computer numerical controlled machines that perform cutting operations on a workpiece while it is rotated. Computer numerical control (CNC) system offers automation in lathe machines by enabling a workpiece of the desired profile to be formed with minimum supervision from an operator. The CNC lathes are comprised of a peghead or headstock assembly for rotating and holding the desired workpiece or cutting tool for cutting a workpiece while being rotated, and a tailstock for holding the workpiece from its rear end. The conventional models of CNC lathes were manufactured not to permit them to be dismantled and were bulky.
Innovation in the product design of CNC lathe machines and focus on supportive needs such as service providers for the design and fabrication of customization, apparatus, trading, and training drive the growth in this market. The development of platform technologies for enhanced teaching of manufacturing and engineering design is expected to support the growth of the CNC lathes market. Furthermore, the development of solutions for teaching CAD/CAM and manufacturing such as software training, engineering drawing e-learning software, CAD simulator, and an educational CNC machine is the primary focus of leading vendors in this market. Advancements in lathes that can be easily assembled and dismantled, compact design, and longitudinally movable cutting tools are expected to provide growth opportunities for the CNC lathes in the near future.
Don't miss out on business opportunities in Lathe Machines Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.
The Asia Pacific accounts for the largest market share in lathe machines market 2020
Based on the regions, the global lathe machines market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 43.8% in the global lathe machines market and was anticipated to maintain its dominance throughout the forecast period. China and Japan together accounted for about 62.8% of the total Asia-Pacific lathe machines market in 2020, with the former constituting around 44.3%. From a growth perspective, India and China are the two potential markets expected to witness considerably higher growth rates over the forecast period. Currently, these two segments account for 59.9% of the Asia-Pacific lathe machines market. India is expected to grow at a lucrative rate of 4.5% during the forecast period.
The increase in adoption of automation in manufacturing, advancements in technology, rise in living standards, and improvement in the regional economy have boosted the growth opportunities for the CNC lathe machines market in the Asia-Pacific region. Southeast Asia has become a powerhouse for the automotive industry and is expected to maintain its dominant position over the forecast period. The Asia-Pacific region comprises large markets with significant sales potential and important automotive manufacturing hubs. The slowdown of China’s automotive sales is one of the key factors hindering the lathe machines market growth in Asia-Pacific.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the lathe machines market. It also consists of leading companies such as Dalian Machine Tool Group Corporation, Doosan Machine Tools, Haas Automation Inc., DMG Mori Co., Ltd, Hardinge Inc., JTEJT Corporation, Okuma, HMT Machine Tools, Samsung Machine Tools, and Yamazaki Mazak Corporation.
Browse complete report: https://www.marketstatsville.com/lathe-machines-market
Contact Us:
Market Statsville Group
416, East Standsberry Street, Perkins, Oklahoma 74059, USA
USA: +1-580-205-2707 | +91 702 496 8807
Email: sales@marketstatsville.com
Web: www.marketstatsville.com
Content Source: https://www.marketstatsville.com/press-release/lathe-machines-market
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lathe Machines Market worth USD 31.5 billion by 2027 here
News-ID: 2477162 • Views: …
More Releases from Market Statsville Group
Future Of the Dynamic Scheduling Software Market is estimated to grow at a CAGR …
According to the Market Statsville Group (MSG), the global dynamic scheduling software market is estimated to grow at a CAGR of 17.2% from 2022 to 2030.
A newly published report by Market Statsville Group (MSG), titled Global Dynamic Scheduling Software Market provides an exhaustive analysis of significant industry insights and historical and projected global market figures. MSG expects the global Dynamic Scheduling Software market will showcase an impressive CAGR from 2024…
Autonomous Driving Software Market size is expected to grow at a CAGR of 29.5% f …
A new study titled "Autonomous Driving Software Market Size 2022", published by Market Statsville Group (MSG), provides information on regional and global markets. MSG expects the global Autonomous Driving Software market will showcase an impressive CAGR from 2022 to 2030. The comprehensive research report on the Autonomous Driving Software market offers valuable insights, shedding light on the market dynamics, value chain analysis, regulatory framework, emerging investment hotspots, competitive landscape, regional…
Remote Sensing Technology Market Size, Share, Growth, Up-To-Date Key Outlook, an …
A new study titled "Remote Sensing Technology Market Size 2022", published by Market Statsville Group (MSG), provides information on regional and global markets. MSG expects the global Remote Sensing Technology market will showcase an impressive CAGR from 2022 to 2030. The comprehensive research report on the Remote Sensing Technology market offers valuable insights, shedding light on the market dynamics, value chain analysis, regulatory framework, emerging investment hotspots, competitive landscape, regional…
Influencer Marketing Platform Market Worth US$ 251157.78 million by 2033
According to the Market Statsville Group (MSG), the global influencer marketing platform market size is expected to grow from USD 13548.56 million in 2022 to USD 251157.78 million by 2033, at a CAGR of 30.4% from 2023 to 2033. The study report covers crucial data on growth strategy, innovations, market dynamics, company profiles, and market competitiveness for 2022. The Influencer Marketing Platform market report guides new entrants or key existing…
More Releases for CNC
CNC Lathe, CNC Turning Centers Market 2021-2027 Global Industry Analysis | Okuma …
Conducting an orderly observation of the market is one of the major objectives of the CNC Lathe, CNC Turning Centers market report to provide deep perception, make vital improvements, assess market status and follow preceding economic performance. A plethora of information is provided in this market research analysis about market growth along with capturing business enhancing variables, statistics on upcoming events, trends, promotional activities and market changes. Another major goal…
Trending 2020: CNC Machine (CNC Machine Tools) Market Booming Worldwide
Prophecy Market Insights recently presented CNC Machine (CNC Machine Tools) market report which provides reliable and sincere insights related to the various segments and sub-segments of the market. The market study throws light on the various factors that are projected to impact the overall dynamics of the CNC Machine (CNC Machine Tools) market over the forecast period (2019-2029).
The CNC Machine (CNC Machine Tools) research study contains 100+ market data Tables,…
Desktop CNC Machines Market Research Analysis by Carbide3D, Stoney CNC, VELOX CN …
Desktop CNC Machines Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Desktop CNC Machines Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.
The global desktop CNC machines market has witnessed tremendous growth in the last few years, owing to the growing…
Global CNC Routers for Engraving Market Outlook 2018 Biesse, Maxicam, FlexiCAM, …
Recently added detailed market study "Global CNC Routers for Engraving Market" examines the performance of the CNC Routers for Engraving market 2018. It encloses an in-depth Research of the CNC Routers for Engraving market state and the competitive landscape globally. This report analyzes the potential of CNC Routers for Engraving market in the present and the future prospects from various angles in detail.
The Global CNC Routers for Engraving Market 2018…
CNC Machine (CNC Machine Tools) Market: Yamazaki Mazak, DMG Mori Seiki, TRUMPF, …
MarketResearchReports.Biz adds “Global CNC Machine (CNC Machine Tools) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the CNC Machine (CNC Machine Tools) market and the growth estimates for the forecasted period.
This report studies the global CNC Machine (CNC Machine Tools) market status and forecast, categorizes the global CNC Machine (CNC Machine Tools) market size (value & volume) by…
Desktop CNC Machines Market 2017- Inventables, Carbide3D, Stoney CNC, VELOX CNC, …
Apex Research, recently published a detailed market research study focused on the "Desktop CNC Machines Market" across the global, regional and country level. The report provides 360° analysis of "Desktop CNC Machines Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Desktop CNC Machines industry, and estimates the future trend of…