Lathe Machines Global Market Research, Analysis, Trends, Report, Demand, Share, Overview, Outlook and Forecast Till 2022
Research study says global Lathe Machines industry is expected to grow during forecast period to 2022, Ask for sample@ http://www.researchbeam.com/lathe-machines-market/request-sample
Recent research added report on “Worldwide Lathe Machines Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Lathe Machines Market by Type (Horizontal, Vertical), Mode of Operation (Conventional, CNC), End-user industry (Automotive, General Machinery, Transportation) and Geography (North America, Europe, Asia-Pacific, and LAMEA) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022”
Lathe is a machine tool that is principally used for shaping articles of metal, wood, or other materials. It is one of the most important machine tools in the metal working industry and operates on the principle of a rotating workpiece and a fixed cutting tool. In a lathe machine the cutting tool is feed into the workpiece that rotates about its own axis and causes the workpiece to be formed into the required shape. Some of the key components of a lathe machine include bed, carriage, headstock, and tailstock, feed rod, and lead screws.
The global lathe machines market is segmented based on type, operation, end-user industries, and geography. Based on type, the lathes are classified into vertical and horizontal lathes. By mode of operation, the lathe machine market is segmented into conventional or manually operated type and CNC lathes. CNC lathes accounted for a dominant share in 2015 and are expected to maintain their position over the forecast period. CNC lathes help the end-user industries to meet the requirements of high production rates, uniformity, and consistent part quality.
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The global lathe machines market based on end-user industries is categorized into automotive, general manufacturing, transportation, and others. The automotive industry accounted for a larger share of the market in 2015 and is projected to grow at a CAGR of 6.3% over the forecast period. The lathe machines market growth in the automotive industry is driven by the growing automotive production demand and the requirement of complex CNC machines due to toughness of materials, complex geometries, and tight tolerances that are required for manufacturing automotive parts.
Geographically, the lathe machines market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Australia, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key players profiled in the report include Dalian Machine Tool Group Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automation Inc., Hardinge Inc., HMT Machine Tools, JTEJT Corporation, Okuma Corporation, Samsung Machine Tools, and Yamazaki Mazak Corporation.
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Key Benefits
- This study provides an in-depth analysis of the global lathe machines market along with current trends and future estimations to identify the potential investment pockets for stakeholders.
- It presents information regarding key drivers, restraints, and opportunities along with their impact analysis.
- Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers.
- Quantitative analysis of the current market and estimations from 2014 to 2022 is provided to highlight the financial competency of the market.
- Market Segmentation
- The global lathe machines market is segmented on the basis of type, by operation, end-use industries, and geography.
By Type
- Vertical lathes
- Horizontal lathes
By Operation
- Conventional lathes
- CNC lathes
By End-user
- Automotive
- General manufacturing
- Transportation
- Others
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