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Lathe Machines Market Is Set To Reach USD billion  By 2032, Growing At A CAGR Of 20.3

Lathe Machines Market, Forecast 2024-2032

Jul 15 2024
Base Year: 2023
180 Pages
Market Research Future Logo

Lathe Machines Market Is Set To Reach USD billion  By 2032, Growing At A CAGR Of 20.3

Key Insights

The Lathe Machines Market size was valued at USD 25.01 USD billion in 2023 and is projected to reach USD 91.20 USD billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. A lathe machine is a multifactor tool used to manipulate the materials like wood, metal, and plastics in the machining procedures such cutting, drilling, and sanding. It is deployed in multiple sectors of industry, such as engineering, automobile, aviation and construction. Lathe machines offer a few types including engine lathes, turret lathes and CNC lathes depending on their cutting precision and the tasks being performed. Main constituents of a basic lathe machine are a bed, headstock, tailstock, carriage, and tool post. The future technologies in lathes are likely to include the use of automation as well as computerization, with the emergence of CNC (Computer Numerical Control) lathes that enhance accuracy, efficiency, and customization in the machining operations as such.

Lathe Machines Market Research Report - Market Size, Growth & Forecast

Lathe Machines Trends

  • Growing adoption of CNC lathes for enhanced efficiency and precision
  • Increasing automation and integration with advanced technologies like IoT and AI
  • Rising demand for compact and portable lathes for small-scale applications
  • Adoption of sustainable manufacturing practices to reduce environmental impact

Driving Forces: What's Propelling the Lathe Machines Market

  • Surge in manufacturing activities in emerging economies, particularly in automotive and aerospace sectors
  • Government incentives and investments in advanced manufacturing technologies
  • Increasing preference for customized and complex machined components
  • Growing emphasis on quality and precision in end-use industries

Challenges and Restraints in Lathe Machines Market

  • High cost of CNC lathes and skilled labor
  • Intense competition from low-cost manufacturers in developing countries
  • Limited availability of raw materials and skilled technicians in some regions
  • Fluctuating prices of raw materials, such as steel and aluminum

Emerging Trends in Lathe Machines

  • Integration of additive manufacturing capabilities for hybrid machining
  • Development of multi-axis lathes for complex part production
  • Adoption of digital twin technology for predictive maintenance and process optimization
  • Growing focus on micro-machining for applications in medical and electronics industries

Growth Catalysts in Lathe Machines Industry

Lathe Machines Market Growth
  • Government initiatives to promote automation and digitization in manufacturing
  • Technological advancements in cutting tools and materials
  • Increasing collaboration between manufacturers and research institutions
  • Emergence of new applications in industries such as renewable energy and medical devices

Market Segmentation: Lathe Machines Analysis

Product:

  • CNC Lathes
  • Conventional Lathes

Application:

  • Automotive
  • General Machinery
  • Precision Machinery
  • Transport Machinery
  • Others

Leading Players in the Lathe Machines Market

  • DMG Mori Co., Ltd. 
  • Dalian Machine Tool Corporation 
  • Okuma Corporation 
  • Doosan Machine Tools Co., Ltd. 
  • Haas Automation, Inc. 
  • Hardinge Inc. 
  • HMT Machine Tools Ltd. 
  • SMEC CO., LTD. (Samsung Machine Tools)
  • Yamazaki Mazak Corporation 
  • Ace Micromatic Group

Significant developments in Lathe Machines Sector

  • DMG Mori's acquisition of Mori Seiki to enhance its CNC lathe offerings
  • Doosan Machine Tools' expansion into the Indian market with a new manufacturing facility
  • Yamazaki Mazak's development of a new multi-axis lathe for complex machining operations

Comprehensive Coverage Lathe Machines Market Report

This report provides a comprehensive overview of the global lathe machines market, including detailed analysis by type, application, and region. It offers insights into market dynamics, growth drivers, and challenges. The report also includes profiles of leading market players and key industry developments.

Regional Insight

Lathe Machines Market Regional Share

The Asia-Pacific region is expected to dominate the lathe machines market due to the presence of major manufacturing hubs in China, India, and Japan. Europe and North America are also significant markets, with a strong focus on precision machining in automotive and aerospace industries. Emerging economies such as Brazil, Mexico, and Southeast Asian countries are expected to offer growth opportunities in the future.

Lathe Machines Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 20.3% from 2018-2032
Segmentation
  • By Product
    • CNC
    • Conventional
  • By Application
    • Automotive
    • General Machinery
    • Precision Machinery
    • Transport Machinery
    • Others
  • By Geography
  • North America
    • United States
    • Canada
    • Mexico
    • Rest of North America
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia
    • Rest of MEA
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Demand from the Automotive and Construction Sectors to Aid Market Growth
      • 3.3. Market Restrains
        • 3.3.1. The Change in International Policies is Expected to Impact the Market Growth
      • 3.4. Market Trends
        • 3.4.1 The increasing availability of connected logistics solutions equipped with a high level of interoperability
        • 3.4.2 security and accessibility features
        • 3.4.3 is fuelling the demand for these solutions. Additionally
        • 3.4.4 the need to lower down the cost associated with warehousing services and shipment are driving the growth of the market. The expanded market for intelligent transportation solutions is anticipated to accelerate the growth of the market.
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Lathe Machines Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Region
    • 6. North America Lathe Machines Market Analysis, Insights and Forecast, 2018-2030
        • 6.1. Market Analysis, Insights and Forecast - By Product
          • 6.1.1 CNC
          • 6.1.2 Conventional
        • 6.2. Market Analysis, Insights and Forecast - By Application
          • 6.2.1 Automotive
          • 6.2.2 General Machinery
          • 6.2.3 Precision Machinery
          • 6.2.4 Transport Machinery
          • 6.2.5 Others
        • 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 6.3.1 United States
          • 6.3.2 Canada
          • 6.3.3 Mexico
          • 6.3.4 Rest of North America
    • 7. Middle East & Africa Lathe Machines Market Analysis, Insights and Forecast, 2018-2030
        • 7.1. Market Analysis, Insights and Forecast - By Product
          • 7.1.1 CNC
          • 7.1.2 Conventional
        • 7.2. Market Analysis, Insights and Forecast - By Application
          • 7.2.1 Automotive
          • 7.2.2 General Machinery
          • 7.2.3 Precision Machinery
          • 7.2.4 Transport Machinery
          • 7.2.5 Others
        • 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 7.3.1 UAE
          • 7.3.2 South Africa
          • 7.3.3 Saudi Arabia
          • 7.3.4 Rest of MEA
    • 8. Asia Pacific Lathe Machines Market Analysis, Insights and Forecast, 2018-2030
        • 8.1. Market Analysis, Insights and Forecast - By Product
          • 8.1.1 CNC
          • 8.1.2 Conventional
        • 8.2. Market Analysis, Insights and Forecast - By Application
          • 8.2.1 Automotive
          • 8.2.2 General Machinery
          • 8.2.3 Precision Machinery
          • 8.2.4 Transport Machinery
          • 8.2.5 Others
        • 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 8.3.1 China
          • 8.3.2 Japan
          • 8.3.3 India
          • 8.3.4 South Korea
          • 8.3.5 Taiwan
          • 8.3.6 Australia
          • 8.3.7 Rest of Asia-Pacific
    • 9. Europe Lathe Machines Market Analysis, Insights and Forecast, 2018-2030
        • 9.1. Market Analysis, Insights and Forecast - By Product
          • 9.1.1 CNC
          • 9.1.2 Conventional
        • 9.2. Market Analysis, Insights and Forecast - By Application
          • 9.2.1 Automotive
          • 9.2.2 General Machinery
          • 9.2.3 Precision Machinery
          • 9.2.4 Transport Machinery
          • 9.2.5 Others
        • 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 9.3.1 Germany
          • 9.3.2 France
          • 9.3.3 Italy
          • 9.3.4 United Kingdom
          • 9.3.5 Netherlands
          • 9.3.6 Rest of Europe
    • 10. South America Lathe Machines Market Analysis, Insights and Forecast, 2018-2030
        • 10.1. Market Analysis, Insights and Forecast - By Product
          • 10.1.1 CNC
          • 10.1.2 Conventional
        • 10.2. Market Analysis, Insights and Forecast - By Application
          • 10.2.1 Automotive
          • 10.2.2 General Machinery
          • 10.2.3 Precision Machinery
          • 10.2.4 Transport Machinery
          • 10.2.5 Others
        • 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 10.3.1 Brazil
          • 10.3.2 Argentina
          • 10.3.3 Rest of South America
    • 11. Competitive Analysis
      • 11.1. Global Market Share Analysis 2023
        • 11.2. Company Profiles
          • 11.2.1 DMG Mori Co. Ltd.
            • 11.2.1.1. Overview
            • 11.2.1.2. Products
            • 11.2.1.3. SWOT Analysis
            • 11.2.1.4. Recent Developments
            • 11.2.1.5. Financials (Based on Availability)
          • 11.2.2 Dalian Machine Tool Corporation
            • 11.2.2.1. Overview
            • 11.2.2.2. Products
            • 11.2.2.3. SWOT Analysis
            • 11.2.2.4. Recent Developments
            • 11.2.2.5. Financials (Based on Availability)
          • 11.2.3 Okuma Corporation
            • 11.2.3.1. Overview
            • 11.2.3.2. Products
            • 11.2.3.3. SWOT Analysis
            • 11.2.3.4. Recent Developments
            • 11.2.3.5. Financials (Based on Availability)
          • 11.2.4 Doosan Machine Tools Co. Ltd.
            • 11.2.4.1. Overview
            • 11.2.4.2. Products
            • 11.2.4.3. SWOT Analysis
            • 11.2.4.4. Recent Developments
            • 11.2.4.5. Financials (Based on Availability)
          • 11.2.5 Haas Automation Inc.
            • 11.2.5.1. Overview
            • 11.2.5.2. Products
            • 11.2.5.3. SWOT Analysis
            • 11.2.5.4. Recent Developments
            • 11.2.5.5. Financials (Based on Availability)
          • 11.2.6 Hardinge Inc.
            • 11.2.6.1. Overview
            • 11.2.6.2. Products
            • 11.2.6.3. SWOT Analysis
            • 11.2.6.4. Recent Developments
            • 11.2.6.5. Financials (Based on Availability)
          • 11.2.7 HMT Machine Tools Ltd.
            • 11.2.7.1. Overview
            • 11.2.7.2. Products
            • 11.2.7.3. SWOT Analysis
            • 11.2.7.4. Recent Developments
            • 11.2.7.5. Financials (Based on Availability)
          • 11.2.8 Samsung Machine Tools
            • 11.2.8.1. Overview
            • 11.2.8.2. Products
            • 11.2.8.3. SWOT Analysis
            • 11.2.8.4. Recent Developments
            • 11.2.8.5. Financials (Based on Availability)
          • 11.2.9 Yamazaki Mazak Corporation
            • 11.2.9.1. Overview
            • 11.2.9.2. Products
            • 11.2.9.3. SWOT Analysis
            • 11.2.9.4. Recent Developments
            • 11.2.9.5. Financials (Based on Availability)
          • 11.2.10 Yamazaki Mazak Pvt. Ltd
            • 11.2.10.1. Overview
            • 11.2.10.2. Products
            • 11.2.10.3. SWOT Analysis
            • 11.2.10.4. Recent Developments
            • 11.2.10.5. Financials (Based on Availability)
          • 11.2.11 Ace Micromatic Group
            • 11.2.11.1. Overview
            • 11.2.11.2. Products
            • 11.2.11.3. SWOT Analysis
            • 11.2.11.4. Recent Developments
            • 11.2.11.5. Financials (Based on Availability)
    List of Figures
    1. Figure 1: Global Lathe Machines Market Revenue Breakdown (USD billion, %) by Region 2023 & 2031
    2. Figure 2: Global Lathe Machines Market Volume Breakdown (Million Units, %) by Region 2023 & 2031
    3. Figure 3: Global Lathe Machines Market Revenue (USD billion), by Region 2023 & 2031
    4. Figure 4: Global Lathe Machines Market Volume (Million Units), by Region 2023 & 2031
    5. Figure 5: Global Lathe Machines Market Revenue Share (%), by Region 2023 & 2031
    6. Figure 6: Global Lathe Machines Market Volume Share (%), by Region 2023 & 2031
    7. Figure 7: North America Lathe Machines Market Revenue (USD billion), by Product 2023 & 2031
    8. Figure 8: North America Lathe Machines Market Volume (Million Units), by Product 2023 & 2031
    9. Figure 9: North America Lathe Machines Market Revenue Share (%), by Product 2023 & 2031
    10. Figure 10: North America Lathe Machines Market Volume Share (%), by Product 2023 & 2031
    11. Figure 11: North America Lathe Machines Market Revenue (USD billion), by Application 2023 & 2031
    12. Figure 12: North America Lathe Machines Market Volume (Million Units), by Application 2023 & 2031
    13. Figure 13: North America Lathe Machines Market Revenue Share (%), by Application 2023 & 2031
    14. Figure 14: North America Lathe Machines Market Volume Share (%), by Application 2023 & 2031
    15. Figure 15: North America Lathe Machines Market Revenue (USD billion), by Country 2023 & 2031
    16. Figure 16: North America Lathe Machines Market Volume (Million Units), by Country 2023 & 2031
    17. Figure 17: North America Lathe Machines Market Revenue Share (%), by Country 2023 & 2031
    18. Figure 18: North America Lathe Machines Market Volume Share (%), by Country 2023 & 2031
    19. Figure 19: Middle East & Africa Lathe Machines Market Revenue (USD billion), by Product 2023 & 2031
    20. Figure 20: Middle East & Africa Lathe Machines Market Volume (Million Units), by Product 2023 & 2031
    21. Figure 21: Middle East & Africa Lathe Machines Market Revenue Share (%), by Product 2023 & 2031
    22. Figure 22: Middle East & Africa Lathe Machines Market Volume Share (%), by Product 2023 & 2031
    23. Figure 23: Middle East & Africa Lathe Machines Market Revenue (USD billion), by Application 2023 & 2031
    24. Figure 24: Middle East & Africa Lathe Machines Market Volume (Million Units), by Application 2023 & 2031
    25. Figure 25: Middle East & Africa Lathe Machines Market Revenue Share (%), by Application 2023 & 2031
    26. Figure 26: Middle East & Africa Lathe Machines Market Volume Share (%), by Application 2023 & 2031
    27. Figure 27: Middle East & Africa Lathe Machines Market Revenue (USD billion), by Country 2023 & 2031
    28. Figure 28: Middle East & Africa Lathe Machines Market Volume (Million Units), by Country 2023 & 2031
    29. Figure 29: Middle East & Africa Lathe Machines Market Revenue Share (%), by Country 2023 & 2031
    30. Figure 30: Middle East & Africa Lathe Machines Market Volume Share (%), by Country 2023 & 2031
    31. Figure 31: Asia Pacific Lathe Machines Market Revenue (USD billion), by Product 2023 & 2031
    32. Figure 32: Asia Pacific Lathe Machines Market Volume (Million Units), by Product 2023 & 2031
    33. Figure 33: Asia Pacific Lathe Machines Market Revenue Share (%), by Product 2023 & 2031
    34. Figure 34: Asia Pacific Lathe Machines Market Volume Share (%), by Product 2023 & 2031
    35. Figure 35: Asia Pacific Lathe Machines Market Revenue (USD billion), by Application 2023 & 2031
    36. Figure 36: Asia Pacific Lathe Machines Market Volume (Million Units), by Application 2023 & 2031
    37. Figure 37: Asia Pacific Lathe Machines Market Revenue Share (%), by Application 2023 & 2031
    38. Figure 38: Asia Pacific Lathe Machines Market Volume Share (%), by Application 2023 & 2031
    39. Figure 39: Asia Pacific Lathe Machines Market Revenue (USD billion), by Country 2023 & 2031
    40. Figure 40: Asia Pacific Lathe Machines Market Volume (Million Units), by Country 2023 & 2031
    41. Figure 41: Asia Pacific Lathe Machines Market Revenue Share (%), by Country 2023 & 2031
    42. Figure 42: Asia Pacific Lathe Machines Market Volume Share (%), by Country 2023 & 2031
    43. Figure 43: Europe Lathe Machines Market Revenue (USD billion), by Product 2023 & 2031
    44. Figure 44: Europe Lathe Machines Market Volume (Million Units), by Product 2023 & 2031
    45. Figure 45: Europe Lathe Machines Market Revenue Share (%), by Product 2023 & 2031
    46. Figure 46: Europe Lathe Machines Market Volume Share (%), by Product 2023 & 2031
    47. Figure 47: Europe Lathe Machines Market Revenue (USD billion), by Application 2023 & 2031
    48. Figure 48: Europe Lathe Machines Market Volume (Million Units), by Application 2023 & 2031
    49. Figure 49: Europe Lathe Machines Market Revenue Share (%), by Application 2023 & 2031
    50. Figure 50: Europe Lathe Machines Market Volume Share (%), by Application 2023 & 2031
    51. Figure 51: Europe Lathe Machines Market Revenue (USD billion), by Country 2023 & 2031
    52. Figure 52: Europe Lathe Machines Market Volume (Million Units), by Country 2023 & 2031
    53. Figure 53: Europe Lathe Machines Market Revenue Share (%), by Country 2023 & 2031
    54. Figure 54: Europe Lathe Machines Market Volume Share (%), by Country 2023 & 2031
    55. Figure 55: South America Lathe Machines Market Revenue (USD billion), by Product 2023 & 2031
    56. Figure 56: South America Lathe Machines Market Volume (Million Units), by Product 2023 & 2031
    57. Figure 57: South America Lathe Machines Market Revenue Share (%), by Product 2023 & 2031
    58. Figure 58: South America Lathe Machines Market Volume Share (%), by Product 2023 & 2031
    59. Figure 59: South America Lathe Machines Market Revenue (USD billion), by Application 2023 & 2031
    60. Figure 60: South America Lathe Machines Market Volume (Million Units), by Application 2023 & 2031
    61. Figure 61: South America Lathe Machines Market Revenue Share (%), by Application 2023 & 2031
    62. Figure 62: South America Lathe Machines Market Volume Share (%), by Application 2023 & 2031
    63. Figure 63: South America Lathe Machines Market Revenue (USD billion), by Country 2023 & 2031
    64. Figure 64: South America Lathe Machines Market Volume (Million Units), by Country 2023 & 2031
    65. Figure 65: South America Lathe Machines Market Revenue Share (%), by Country 2023 & 2031
    66. Figure 66: South America Lathe Machines Market Volume Share (%), by Country 2023 & 2031
    List of Tables
    1. Table 1: Global Lathe Machines Market Revenue USD billion Forecast, by Product 2018 & 2031
    2. Table 2: Global Lathe Machines Market Volume Million Units Forecast, by Product 2018 & 2031
    3. Table 3: Global Lathe Machines Market Revenue USD billion Forecast, by Application 2018 & 2031
    4. Table 4: Global Lathe Machines Market Volume Million Units Forecast, by Application 2018 & 2031
    5. Table 5: Global Lathe Machines Market Revenue USD billion Forecast, by Region 2018 & 2031
    6. Table 6: Global Lathe Machines Market Volume Million Units Forecast, by Region 2018 & 2031
    7. Table 7: Global Lathe Machines Market Revenue USD billion Forecast, by Region 2018 & 2031
    8. Table 8: Global Lathe Machines Market Volume Million Units Forecast, by Region 2018 & 2031
    9. Table 9: Global Lathe Machines Market Revenue USD billion Forecast, by Product 2018 & 2031
    10. Table 10: Global Lathe Machines Market Volume Million Units Forecast, by Product 2018 & 2031
    11. Table 11: Global Lathe Machines Market Revenue USD billion Forecast, by Application 2018 & 2031
    12. Table 12: Global Lathe Machines Market Volume Million Units Forecast, by Application 2018 & 2031
    13. Table 13: Global Lathe Machines Market Revenue USD billion Forecast, by Country 2018 & 2031
    14. Table 14: Global Lathe Machines Market Volume Million Units Forecast, by Country 2018 & 2031
    15. Table 15: United States Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    16. Table 16: United States Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    17. Table 17: Canada Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    18. Table 18: Canada Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    19. Table 19: Mexico Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    20. Table 20: Mexico Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    21. Table 21: Rest of North America Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    22. Table 22: Rest of North America Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    23. Table 23: Global Lathe Machines Market Revenue USD billion Forecast, by Product 2018 & 2031
    24. Table 24: Global Lathe Machines Market Volume Million Units Forecast, by Product 2018 & 2031
    25. Table 25: Global Lathe Machines Market Revenue USD billion Forecast, by Application 2018 & 2031
    26. Table 26: Global Lathe Machines Market Volume Million Units Forecast, by Application 2018 & 2031
    27. Table 27: Global Lathe Machines Market Revenue USD billion Forecast, by Country 2018 & 2031
    28. Table 28: Global Lathe Machines Market Volume Million Units Forecast, by Country 2018 & 2031
    29. Table 29: UAE Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    30. Table 30: UAE Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    31. Table 31: South Africa Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    32. Table 32: South Africa Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    33. Table 33: Saudi Arabia Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    34. Table 34: Saudi Arabia Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    35. Table 35: Rest of MEA Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    36. Table 36: Rest of MEA Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    37. Table 37: Global Lathe Machines Market Revenue USD billion Forecast, by Product 2018 & 2031
    38. Table 38: Global Lathe Machines Market Volume Million Units Forecast, by Product 2018 & 2031
    39. Table 39: Global Lathe Machines Market Revenue USD billion Forecast, by Application 2018 & 2031
    40. Table 40: Global Lathe Machines Market Volume Million Units Forecast, by Application 2018 & 2031
    41. Table 41: Global Lathe Machines Market Revenue USD billion Forecast, by Country 2018 & 2031
    42. Table 42: Global Lathe Machines Market Volume Million Units Forecast, by Country 2018 & 2031
    43. Table 43: China Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    44. Table 44: China Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    45. Table 45: Japan Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    46. Table 46: Japan Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    47. Table 47: India Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    48. Table 48: India Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    49. Table 49: South Korea Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    50. Table 50: South Korea Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    51. Table 51: Taiwan Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    52. Table 52: Taiwan Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    53. Table 53: Australia Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    54. Table 54: Australia Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    55. Table 55: Rest of Asia-Pacific Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    56. Table 56: Rest of Asia-Pacific Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    57. Table 57: Global Lathe Machines Market Revenue USD billion Forecast, by Product 2018 & 2031
    58. Table 58: Global Lathe Machines Market Volume Million Units Forecast, by Product 2018 & 2031
    59. Table 59: Global Lathe Machines Market Revenue USD billion Forecast, by Application 2018 & 2031
    60. Table 60: Global Lathe Machines Market Volume Million Units Forecast, by Application 2018 & 2031
    61. Table 61: Global Lathe Machines Market Revenue USD billion Forecast, by Country 2018 & 2031
    62. Table 62: Global Lathe Machines Market Volume Million Units Forecast, by Country 2018 & 2031
    63. Table 63: Germany Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    64. Table 64: Germany Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    65. Table 65: France Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    66. Table 66: France Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    67. Table 67: Italy Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    68. Table 68: Italy Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    69. Table 69: United Kingdom Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    70. Table 70: United Kingdom Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    71. Table 71: Netherlands Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    72. Table 72: Netherlands Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    73. Table 73: Rest of Europe Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    74. Table 74: Rest of Europe Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    75. Table 75: Global Lathe Machines Market Revenue USD billion Forecast, by Product 2018 & 2031
    76. Table 76: Global Lathe Machines Market Volume Million Units Forecast, by Product 2018 & 2031
    77. Table 77: Global Lathe Machines Market Revenue USD billion Forecast, by Application 2018 & 2031
    78. Table 78: Global Lathe Machines Market Volume Million Units Forecast, by Application 2018 & 2031
    79. Table 79: Global Lathe Machines Market Revenue USD billion Forecast, by Country 2018 & 2031
    80. Table 80: Global Lathe Machines Market Volume Million Units Forecast, by Country 2018 & 2031
    81. Table 81: Brazil Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    82. Table 82: Brazil Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    83. Table 83: Argentina Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    84. Table 84: Argentina Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    85. Table 85: Rest of South America Lathe Machines Market Revenue (USD billion) Forecast, by Application 2018 & 2031
    86. Table 86: Rest of South America Lathe Machines Market Volume (Million Units) Forecast, by Application 2018 & 2031
    AspectsDetails
    Study Period 2018-2032
    Base Year 2023
    Estimated Year 2024
    Forecast Period2024-2032
    Historical Period2018-2023
    Growth RateCAGR of 20.3% from 2018-2032
    Segmentation
    • By Product
      • CNC
      • Conventional
    • By Application
      • Automotive
      • General Machinery
      • Precision Machinery
      • Transport Machinery
      • Others
    • By Geography
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
    • Middle East & Africa
      • UAE
      • South Africa
      • Saudi Arabia
      • Rest of MEA
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Australia
      • Rest of Asia-Pacific
    • Europe
      • Germany
      • France
      • Italy
      • United Kingdom
      • Netherlands
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America

    STEP 1 - Identification of Relevant Samples Size from Population Database

    Step Chart
    bar chart
    method chart

    STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

    approach chart
    Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

    Note* : In applicable scenarios

    STEP 3 - Data Sources

    Primary Research

    • Web Analytics
    • Survey Reports
    • Research Institute
    • Latest Research Reports
    • Opinion Leaders

    Secondary Research

    • Annual Reports
    • White Paper
    • Latest Press Release
    • Industry Association
    • Paid Database
    • Investor Presentations
    approach chart

    STEP 4 - Data Triangulation

    Involves using different sources of information in order to increase the validity of a study

    These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

    Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

    During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

    Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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