The Lathe Machines Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Lathe Machines Market?
The historical growth trend in the Lathe Machines Global Market Report 2025 has seen a consistent increase in market size. The size of the market is expected to rise from $11.93 billion in 2024 to $12.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Lathe Machines Industry?
The global market for lathe machines is projected to reach $13.97 billion by 2029. This reflects a compound annual growth rate (CAGR) of 3.3%.
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What are the Key Growth Drivers Fueling the Lathe Machines Market?
The key drivers in the lathe machines market are:
• The resilience of global manufacturing
• Growth in the renewable energy sector
• Expansion of medical device manufacturing
• Development of global infrastructure
Global Market Segmentation: Identifying Major Lathe Machines Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Lathe Machines Market?
The key trends in the lathe machines market are:
• Automation and integration of robotics are key emerging trends.
• There's a rising focus on customization and tailoring to meet specific industry requirements.
• Emphasizing user-friendly human-machine interfaces is a notable trend.
• The attention towards predictive maintenance technologies is growing in the sector.
Who Are the Top Competitors & Leading Players in the Lathe Machines Market?
Major companies in the lathe machines market 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.
Regional Dominance: Which Area Leads the Global Lathe Machines Market?
Asia-Pacific was the largest region in the lathe machines market in 2024
