Lathe Machines Market size was valued at US$ 10.5 Bn. in 2020 and the total revenue is expected to grow at 1.8 % CAGR through 2021 to 2027, reaching nearly US$ 11.9 Bn.
Lathe Machines Market Overview:
Maximize Market Research's new report, Global Lathe Machines Market is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast . The research will serve as a tool for a more accurate assessment of the current and future conditions of the worldwide Lathe Machines market.
The market estimations in the report are based on sale price of (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). The percentage splits, market shares, and breakdowns of the segments are derived on the basis of weightages assigned to each of the segments on their utilization rate and average sale price. The country wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
Market Scope:
The research provides an analytical view of the business by studying several elements such as global Lathe Machines market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Lathe Machines market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Drivers:
Reduced waste and optimal raw material utilisation are made possible by high operating accuracy. In addition to the rising demand for mass production, a deadline was instituted, which led to an increase in the use of CNC ladder machines. Growing market demand for industry 4.0 as a result of the predictive maintenance feature The popularity of smart machines is rising as real-time connectivity is more and more in demand. This is a result of the rising demand for high productivity, reliable production, and waste minimization. Project-based process optimization is made possible by Industry 4.0 in areas that demand immediate attention. The need to significantly reduce downtime and repair costs has led to a rise in the use of predictive and preventive maintenance in the manufacturing sector.
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Segmentation:
Vertical lathes and Horizontal lathes are the two types of lathe machines that make up the global lathe machines market. Throughout the forecast period, the horizontal lathe segment is anticipated to significantly outpace growth. A horizontal lathe's main use is to rotate a workpiece while using a turning tool. Tools for drilling, reamering, broaching, tapping, dies, and knurling can all be used on a lathe. While performing vertical machining operations, a vertical lathe machine, on the other hand, rotates a workpiece on a rotating axis. On vertical lathe machines, drilling is frequently done with the aid of tool posts that hold the drilling tools.
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Key Players:
• Dalian Machine Tool Corporation
• DMG Mori Co., Ltd
• Doosan Machine Tools
• Haas Automotive Inc.
• Hardinge, Inc.
• HMT Machine Tools
• JTEKT Corporation
• Okuma Corporation
• Samsung Machine Tools
• Yamazaki Mazak Corporation
• EMAG group
• Shaanxi Qinchuan Machine Tool and Tool Group
• Tsugami Corporation
• INDEX and TRAUB
Regional Analysis:
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from publisher and presented in this report.
The report has analyzed the global Lathe Machines market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
COVID-19 Impact Analysis on Lathe Machines Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Lathe Machines Market Report are:
- Which are the major companies in the Lathe Machines market?
- Which is the potential market for Lathe Machines in terms of the region?
- Which application area of Lathe Machines is expected to grow at a significant rate in the market in the forecast period?
- What are the opportunities for new market entrants?
- What will be the Lathe Machines market size by 2029?
- What are the growth prospects for the Lathe Machines market?
- What is the base year considered in the Lathe Machines market report?
- Which region holds the largest market share in the Lathe Machines market?
- What factors are anticipated to drive the Lathe Machines market?
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