The lathe machines global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lathe Machines Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lathe machines market size has grown steadily in recent years. It will grow from $11.53 billion in 2023 to $11.93 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to industrialization and manufacturing growth, expanding automotive industry, aerospace and defense sector demand, general machinery production, repair and maintenance needs..
The lathe machines market size is expected to see steady growth in the next few years. It will grow to $13.41 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to global manufacturing resilience, renewable energy sector growth, expansion of medical device manufacturing, global infrastructure development.. Major trends in the forecast period include automation and robotics integration, customization and tailoring to specific industry needs, focus on user-friendly human-machine interfaces (hmis), emphasis on predictive maintenance technologies..
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/lathe-machines-global-market-report
Scope Of Lathe Machines Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lathe Machines Market Overview
Market Drivers –
The increasing demand for automobiles is expected to propel the growth of the lathe machine market going forward. An automobile is a four-wheeled, mostly passenger-focused vehicle typically powered by an internal combustion engine that burns flammable fuel. Lathe machines manufacture automobile components and repair damaged car parts by turning down or removing defective areas with precision. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Europe-based advocate for the automobile industry, global motor vehicle production increased by 5.7% to 85.4 million in 2022 from 80.14 million in 2021. Further, the number of new commercial vehicle registrations in the European Union increased by 7.7% from 329,984 vans in 2022 to 355,553 vans in 2023. Therefore, the increasing demand for automobiles is driving the lathe machine market.
Market Trends –
Major companies operating in the lathe machine market are focused on developing innovative products, such as automated lathes, to strengthen their position in the market. An automatic lathe is a lathe with an automatically controlled cutting process controlled by computer numerical control systems to be programmed to perform various complex machining operations. For instance, in September 2021, Star Micronics Co Ltd., a Japan-based manufacturer of electronic components and printers, launched the two latest SL Series Swiss-type automated lathes, the SL-7 and SL-10. They are uniquely designed to address tiny-diameter machining requirements in devices and equipment in the data and communication, automobile, and medical sectors. These two models will add to Star’s multi-processing capabilities, including the SR-10J type C in its diminutive diameter processing portfolio. Material sizes of as little as 7 mm and 10 mm can be processed using the SL-7 and SL-10, respectively. The improved multi-processing capacity in back-working will reduce cycle time through effective process splitting. The features of SL Series Swiss-type automated lathes are high efficiency and productivity, as well as high accuracy, operability, and usability.
The lathe machines market covered in this report is segmented –
1) By Type: Vertical Lathes, Horizontal Lathes
2) By Operation: Conventional Lathes, CNC Lathes
3) By Capacity: Heavy Duty, Medium Duty, Low Duty
4) By End User Industry: Automotive, General Manufacturing, Transportation, Other End User Industries
Get an inside scoop of the lathe machines market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13135&type=smp
Regional Insights –
Asia-Pacific was the largest region in the lathe machines market in 2023. The regions covered in the lathe machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the lathe machines market report are Doosan Machine Tools Co. Ltd., JTEKT Corporation, EMCO Corporation, DMG Mori Co. Ltd., Yamazaki Mazak Corporation, Bolton Group, Okuma Corporation, Smec Co. Ltd., Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Ellison Technologies Inc., Hasegawa Machine Works Ltd., HMT Limited, Batliboi Ltd., Clausing Industrial Inc., Milltronics USA Inc., Goodway Machine Corporation, Fadal Engineering Inc., Chiah Chyun Machinery Co. Ltd., Intelitek Inc., Dalian Machine Tool Group Corporation, Fryer Machine Systems Inc., Fair Friend Group, Ajax Machine Tools International LTD, American Machine Tools Corporation, Carl Benzinger GmbH, Ace Micromatic Group, Citizen Machinery Co. Ltd., Strojimport A.S.
Table of Contents
1. Executive Summary
2. Lathe Machines Market Report Structure
3. Lathe Machines Market Trends And Strategies
4. Lathe Machines Market – Macro Economic Scenario
5. Lathe Machines Market Size And Growth
…..
27. Lathe Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
