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Lathe Machines Market size is projected to be worth USD 40.22 billion by 2026

04-22-2022 07:43 AM CET | Industry, Real Estate & Construction

Press release from: Fortune Business Insights™

Lathe Machines Market

Lathe Machines Market

A new market study published by Fortune Business Insights, its report titled "Lathe Machines Market Share & Size". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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%. 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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Top Companies present in the Lathe Machines Market Report are:

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.

The Lathe Machines Market report considers the micro and macro aspect of all the market forces which help the companies to adopt the different tactics to propel their market growth and make the important strategic decision of their crucial investment planning. This report also identifies the factors responsible for each gap and technology's influence on each gap.

Market Segmentation:

By Product (Value)
CNC (Computerized numerical control)
Vertical CNC Lathe machines
Horizontal CNC Lathe machines
Conventional
By Application (Value)
Automotive
General Machinery
Precision engineering
Transport Machinery
Others
By Region (Value)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Get a Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/101804

Analysis & Findings of the Lathe Machines Market Report:

An in-depth analysis of the Lathe Machines Market across regions - North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
How the Market sales are anticipated to grow throughout the forecast period?
How geopolitical policies and technical changes will affect the Market in near future
Where the stakeholders should invest to generate higher profit margins
How consumers (end-users) will reflect to the Lathe Machines Market industry during the forecast period
Who are the industry leaders and what are the key initiatives taken by them for long term growth?

Market Drivers:

Advent of Internet of Things to Promote Market GrowthThe 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 PacificThe 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.

Why buy Lathe Machines Market report?

The report offers a comprehensive evaluation of the Global Lathe Machines Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Purchase Full Report: https://www.fortunebusinessinsights.com/checkout-page/101804

Table of Content:

Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Key Technological Developments
Consolidated SWOT Analysis of Key Players
Global Lathe Machines Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
TOC Continued

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Email: sales@fortunebusinessinsights.com

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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