2025-2034 Lathe Machines Market Roadmap: Insights for Competitive Advantage

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How Large Will the Lathe Machines Market Size By 2025?
The market for lathe machines has seen a consistent increase in size over the past few years. From $11.93 billion in 2024, it is expected to reach $12.25 billion in 2025, recording a compound annual growth rate (CAGR) of 2.6%. The factors driving this growth during the historical period include the growth in industrialization and manufacturing, rising automotive industry, demand from aerospace and defense sectors, as well as production of general machinery, and repair and maintenance requirements.

How Big Is the Lathe Machines Market Size Expected to Grow by 2029?
In the coming years, the size of the lathe machines market is predicted to experience consistent growth, expanding to $13.97 billion in 2029 with a compound annual growth rate (CAGR) of 3.3%. The growth during the projected period can be accredited to factors such as resilience in global manufacturing, the growing renewable energy sector, the burgeoning medical device manufacturing industry, and worldwide infrastructure development. Noteworthy trends in the forecast period encompass the integration of automation and robotics, customizing and tailoring to meet specific industry demands, prioritizing user-friendly human-machine interfaces (HMIS), and a concentration on predictive maintenance technologies.

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Which Key Market Drivers Powering Lathe Machines Market Expansion and Growth?
The surge in automobile requirements is anticipated to fuel lathe machine market expansion. Automobiles are primarily four-wheeled vehicles intended for passengers and are mostly powered by an internal combustion engine which uses combustible fuel. Lathe machines play a crucial role in creating automobile parts and mending faulty car components by accurately shaving off or eliminating the damaged zones. For example, the European Automobile Manufacturers Association reported that in May 2023, global vehicle production rose by 5.7% to reach 85.4 million in 2022, an increase from 80.14 million in 2021. Moreover, the amount of newly registered commercial vehicles in the European Union grew by 7.7%, rising from 329,984 vans in 2022 to 355,553 vans in 2023. Hence, the escalating demand for automobiles is accelerating the expansion of the lathe machine industry. Lathe Machines Market Driving Force: Increasing Use of Robotic Devices

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Which Fast-Growing Trends Are Poised to Disrupt the Lathe Machines Market?
The primary players in the lathe machine market are implementing strategies to secure their market position by launching innovative product lines, such as automated lathes. These automatic lathes are controlled by computer numerical control systems, which can be programmed to execute various complex machining procedures. An instance of this innovation was seen in September 2023 when Star Micronics Co., Ltd., a company based out of Japan that manufactures electronic components and printers, unveiled its latest product - the SP-20/23 CNC Swiss-type automatic lathe. Created to manufacture small, complex parts, this high-precision, computer-driven machine caters to the increasing demand for sophisticated machining solutions in industries like automotive, hydraulics, pneumatics, and standard machinery. The SP-20/23 not only has greater versatility but also includes features like thermal displacement correction and an energy-saving ECO mode, making it optimal for producing high precision components. This product release highlights the ongoing transition of the industry toward automation and smart manufacturing techniques.

What Are the Emerging Segments in the Lathe Machines Market?
The lathe machines market covered in this report is segmented -

1) By Type: Vertical Lathes, Horizontal Lathes
2) By Operation: Conventional Lathes, CNC Lathes
3) By Capacity: Heavy Duty, Medium Duty, Low Duty
4) By End User Industry: Automotive, General Manufacturing, Transportation, Other End User Industries

Subsegments:
1) By Vertical Lathes: CNC Vertical Lathes, Manual Vertical Lathes
2) By Horizontal Lathes: CNC Horizontal Lathes, Manual Horizontal Lathes, Multi-Tasking Horizontal Lathes

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Who Are the Global Leaders in the Lathe Machines Market?
Major companies operating in the lathe machines market report are Doosan Machine Tools Co. Ltd., JTEKT Corporation, EMCO Corporation, DMG Mori Co. Ltd., Yamazaki Mazak Corporation, Bolton Group, Okuma Corporation, Smec Co. Ltd., Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Ellison Technologies Inc., Hasegawa Machine Works Ltd., HMT Limited, Batliboi Ltd., Clausing Industrial Inc., Milltronics USA Inc., Goodway Machine Corporation, Fadal Engineering Inc., Chiah Chyun Machinery Co. Ltd., Intelitek Inc., Dalian Machine Tool Group Corporation, Fryer Machine Systems Inc., Fair Friend Group, Ajax Machine Tools International Ltd., American Machine Tools Corporation, Carl Benzinger GmbH, Ace Micromatic Group, Citizen Machinery Co. Ltd., Strojimport A.S.

Which are the Top Profitable Regional Markets for the Lathe Machines Industry?
Asia-Pacific was the largest region in the lathe machines market in 2024. The regions covered in the lathe machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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