Global Lathe Machines Market to Be Driven by The Rising Industrial Machinery Market In The Forecast Period Of 2021-2026

Press Release


The new report by Expert Market Research titled, ‘Global Lathe Machines Market Report and Forecast 2021-2026, gives an in-depth analysis of the global lathe machines market, assessing the market based on its segments like types, process types, distribution channels, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/lathe-machines-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 6%

Lathe machines have a significant role to play in the metalworking market. The growing demand for lathe machines, particularly the CNC type, is expected to drive the market due to high precision and low operating costs. Asia-Pacific has the largest market share of machines due to the growing demand from developing countries, including India and China. This is expected to result in the demand growth of lathe machines shortly. Increased demand for the prefabricated metal industry is also likely to produce high revenues throughout North America and Latin America.

Industry Definition and Major Segments

Lathe refers to a machine tool that is mainly used to shape articles of wood, metal or other materials. Lathe machines are one of the most popular machine tools used in the metalworking industry. They are considered a powerful metal forming machine tool.

The market can be divided into the following segments based on Lathe machine type:

  • Horizontal
  • Vertical

Based on the capacity, the market can be divided into:

  • Heavy duty
  • Medium duty
  • Low duty

The market can be divided on based on machine types into:

  • Mechanical
  • CNC

Based on operations, the market can be divided by:

  • Manual chucks
  • Power chucks

The market can be categorized based on end uses into:

  • Automotive
  • Construction
  • Electronic
  • General Machinery
  • Oil and Gas
  • Paper and Pulp
  • Others

The leading regional markets for Lathe Machines Market are:

  • North America
  • Latin Americas
  • Middle East and Africa
  • Europe
  • Asia Pacific

Market Trends

The increased demand for mass production in a short time and increased demand from the critical component manufacturing sector are expected to drive the market for lathe machines. The rising demand for machines from various other industries, such as food processing, construction and packaging, drives the general trend. However, complex components from the aerospace industry and the military sector are expected to drive the precision machinery segment.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/lathe-machines-market

Key Market Players

The major players in the market are SMEC CO., LTD, Haas Automation, Inc, Okuma Corporation, Accurate Machines Tools, and EMAG GmbH & Co. KG among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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