Lathe Machines Market Size, Trends, Overview - 2022

1. Lathe Machines Market Opportunities and Forecasts, 2014- 2022

2. Lathe Machines Market Overview • The global lathe machines market size was estimated to be $9,925 million in 2015, and is expected to reach $12,012 million by 2022, growing at a CAGR of 2.6%. • The Automotive segment is expected to dominate the end-user sector in the global lathe machines market from 2015 to 2022. • Asia-Pacific dominated with 43.8% of the global lathe machines market share in 2015. • Lathe machines are one of the most important machine tools used in the metal- working industry and are considered as powerful metal shaping machine tools. • Lathe machines include metal cutting tools that create desired product from metal sheets by scraping the unwanted metal. • The horizontal lathes segment was the most dominant type in 2015, and is estimated to grow at the highest rate during the forecast period.

3. Lathe Machines Market Segmentation

4. Key Factors Impact Lathe Machines Market • Lathe Machines transform the unfinished metal sheet into a variety of finished metal products, precise machine components, automotive spares, and body parts. • The demand for horizontal lathe machines has increased considerably over the years owing to their ability to deform metal for a wide range of materials and constant advancements in technology. • CNC lathes have steadily replaced previous production lathes as they are simple to set up and operate, and require minimal supervision. • The lathe machines market for automotive segment is driven by the improvement in the economic conditions and the rise in consumer confidence, which have resulted in higher demand for new, fuel-efficient, and technologically advanced cars equipped with more safety features. This in turn has enhanced production rates for the industry, causing upsurge in demand for lathe machines.

5. Lathe Machines Market Analysis and Trends • The global lathe machines market is segmented based on type, mode of operation, end-user industry, and geography. • By type, the lathe machine is classified into horizontal lathes and vertical lathes. The horizontal lathes segment was the most dominant type in 2015, and is estimated to grow at the highest rate during the forecast period. • Based on the mode of operation, the global lathe machines market is segmented into conventional or manually operated lathes and CNC (Computer Numerical Controlled) lathes. CNC lathes dominated the market in 2015 accounting for $8,121 million in 2015. • The global lathe machines market based on end-user industry is classified into automotive, general machinery, transport, and others. The automotive segment dominated the market in 2015, accounting for $3,809 million.

6. Lathe Machines Market Top Investment Pockets

7. Key findings of the Lathe Machines Market • CNC lathe machines market accounted for $8,121 million in 2015, and is expected to grow at a CAGR of 3.4% during the forecast period. • Lathe machines market for general machinery industry is expected to grow at a CAGR of 2.8%. • Horizontal lathe machines market was valued at $8,367 million in 2015. • Asia-Pacific is expected to be the fastest growing regional market, with a CAGR of 3.2%. • Key players in the lathe machines market include Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automation Inc., Hardinge Inc., HMT Machine Tools, JTEJT Corporation, Okuma Corporation, Samsung Machine Tools, and Yamazaki Mazak Corporation.

8. Lathe Machines Market “Steady recovery in the global Purchasing Managers Index (PMI) together with the rapidly growing manufacturing activity in countries such as India, Thailand, Malaysia, and Taiwan drives the market for lathe machines during the forecast period.” Nikhil Dasyam, Research Analyst, Construction & Manufacturing at AMR

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