Lathe Machines Market Research and Forecast Report 2023-2028

1. Global Lathe Machines Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Lathe Machines Market Research Report: The latest report by IMARC, titled “Lathe Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global lathe machines market reached a value of US$ 24.0 Billion in 2022. Lathe machines are widely used for shaping and removing unwanted pieces from wood or metal products. Besides this, they are also utilized for reaming, drilling, tapping, grooving, knurling, threading and facing of a workpiece. They comprise a bed, tailstock, headstock, tool rest, spindles, feed rod, lead screw, speed controller, chip pan and motor that help in achieving the desired shapes and size of the final product. As a result, they are gaining widespread prominence across the globe and are employed across several industries for metalworking, glass processing, thermal spraying and wood tuning of various artistic products. Request Free Sample Report: https://www.imarcgroup.com/lathe-machines-market/requestsample

4. Report Description and Highlights Report Description Global Lathe Machines Market Trends: The global market is primarily driven by the increasing demand for precision manufacturing across the industrial sector. Coupled with the rising focus on sustainable and smart manufacturing due to the growing need for minimizing wastage, this is creating a positive market outlook. Along with this, the increasing preference for superior quality products has encouraged leading manufacturers to heavily invest in the deployment of advanced automated machines, thereby driving the demand for lathe machines. Moreover, the widespread adoption of the tool in the metalworking industry to transform unfinished metal sheets into vehicle bodies and spare parts is impacting the market growth favorably. Furthermore, continual technological advancements and the introduction of industry 4.0 that has led to the incorporation of the internet of things (IoT) with lathe machines are significantly supporting the demand on the global level. Other factors, including rapid industrialization, intensive business competition and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 32.7 Billion by 2028, exhibiting a CAGR of 5% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Type: • Vertical Lathes • Horizontal Lathes Breakup by Operation: • Conventional Lathes • CNC Lathes Breakup by Capacity: • Heavy Duty • Medium Duty • Low Duty Breakup by End User: • Automotive • General Manufacturing • Transportation • Others

6. Report Description and Highlights Report Description Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others

7. Report Description and Highlights Report Description • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • • DMG Mori Co. Ltd Doosan Machine Tools Co. Ltd. EMAG GmbH & Co. KG Fair Friend Group Haas Automation Inc. Hardinge Inc. HMT Machine Tools Limited (HMT Limited) Hurco Companies Inc. JTEKT Corporation Macpower CNC Machines Limited Mazak Corporation Okuma Corporation SMEC CO. LTD. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/lathe-machines-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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