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Lathe Machines Market Trends, Size, Share, Growth, and Forecast 2030

Lathe Machines Market was valued USD 11.06 Bn in 2023 and is expected to grow USD 12.53 Bn at a CAGR of 1.8 % during the forecast period.<br>

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Lathe Machines Market Trends, Size, Share, Growth, and Forecast 2030

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  1. LATHE MACHINES MARKET GLOBAL ANALYSIS REPORT 2024-2030 Published by: Kadambari Jedhe

  2. Market Size & Overview: The global lathe machines market was valued at approximately USD 11.06 billion in 2023 and is projected to reach USD 12.53 billion by 2030, growing at a compound annual growth rate (CAGR) of 1.8% during the forecast period. Lathe machines play a crucial role in the metalworking industry, performing operations such as faceting, sanding, knurling, cutting, and drilling. The increasing adoption of Computer Numerical Control (CNC) lathes, driven by the demand for automation and enhanced manufacturing productivity, is a significant factorcontributingto market growth.

  3. Market Growth & Opportunities The market is experiencing growth due to the advantages offered by CNC lathe machines, including high accuracy, increased speed, enhanced safety, and reduced production costs. The shift towards Industry 4.0, emphasizing predictive maintenance and real-time connectivity, is further propelling the adoption of smart lathe machines. Predictive maintenance capabilities help in minimizing downtime and repair costs, thereby enhancing operationalefficiency. Sample Request

  4. Market Segmentation by Operation by End-User Industry ◦ Conventional Lathes ◦ Automotive ◦ CNC Lathes ◦ General manufacturing ◦ Transportation by Type ◦ Others ◦ Vertical lathes ◦ Horizontal lathes

  5. Regional Analysis: ▪ North America: This region holds a significant share of the lathe machines market, attributed to a robust manufacturing sector in countries like the U.S. and Canada. The presence of leading machine tool manufacturers and a strong industrial base contribute to consistent demand for both CNC and conventionallathe machines. ▪ Europe: Europe is a notable market for lathe machines, with countries such as Germany playing a pivotal role. The region's focus on precision engineering and advanced manufacturingtechniques supports the demand for high-quality lathe machines. ▪ Asia-Pacific (APAC): APAC is emerging as the fastest-growing market, driven by rapid industrialization in countries like China, India, and Vietnam. The expansion of engineering and automotive industries, coupled with lower production costs and supportive governmentpolicies, is boosting the adoptionof lathe machines in this region.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition 1. DMG Mori & FAMOT: DMG Mori strengthened its market position by acquiring FAMOT to enhance its productioncapabilities and expand its product portfolio. 2. Hardinge Inc. & Weingärtner: Hardinge acquired Weingärtner to bolster its precision machining solutions and expand its global footprint 3. Haas Automation & Local Manufacturing Expansion: Haas Automation invested in expanding its production facilities to cater to the growing demand for CNC lathe machines worldwide. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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