Global Lathe Machine Market 2016-2020

Global outlook of the lathe machine market

Technavio’s market research analysts predict the global lathe machine market to grow steadily during the forecast period and post an impressive revenue of more than USD 12 billion by 2020. This industry research report identifies the surge in automation to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the increasing need to provide superior-quality products, companies around the world have started automating their manufacturing processes. To enhance their productivity, the manufacturing industries in the developed and developing countries are increasingly focusing on replacing their manually controlled conventional lathe machines with computer numerical controlled (CNC) machines. The increased productivity will not only enhance the company’s profit margins but also aids in having a competitive edge and reduces operational costs. This will consequently induce more industries to automate their manufacturing processes, in turn, propelling the market’s growth prospects. 

The integration of Internet of Things (IoT) in manufacturing will be one of the major trends that will gain traction in this market in the coming years. The adoption of IoT improves visibility in the manufacturing process so that the companies can monitor every unit of production at each step in the production process. This increased visibility will help companies manufacture higher-quality, more reliable, and durable products. For instance, the wind turbines manufactured by GE consist of numerous sensors that record data points every second. This helps the company optimize turbine performance and forecast part replacement and maintenance.

Competitive landscape and key vendors

Characterized by the presence of numerous lathe machine manufacturers, this market appears to be fragmented. With vendors competing to gain significant revenue shares, the market is highly competitive. The regional and local vendors manufacture and offer customized and energy-efficient equipment at comparative prices offering intense competition to the international vendors. Though the market will witness the entry of new vendors, they will find it difficult to compete with the international vendors in terms of quality, features, functionalities, and services. The introduction of new products with advanced features and technologies will intensify the market’s competitive environment in the coming years.

The leading vendors in the market are -

• DMTG
• DMG Mori
• Yamazaki Mazak
• Okuma
• Samsung Machine Tools

The other prominent vendors in the market are Strojimport, Hurco, JTEKT Toyoda Americas Corporation, Ajax Machine Tools, Haas Automation, HMT Machine Tools, American Machine Tools, Heavy Engineering Corporation, Doosan Machine Tools, Hangzhou Datian CNC Machine Tool Corporation, Ace Micromatic, Batliboi, Nakamura-Tome Precision Industry, HYUNDAI WIA Machine Tools, Jinn Fa Machine, Bolton Group, JARNG YEONG ENTERPRISE, EMCO, Victor Machinery Solutions, Kent Industrial, Jyoti CNC Automation, Feeler (FAIR FRIEND GROUP), CHIAH CHYUN MACHINERY CO., PROMPT INTEGRATED TECHNOLOGY, CHIAH CHYUN MACHINERY CO., Amera-Seiki, GOODWAY MACHINE, Yama Seiki, YEONG CHIN MACHINERY INDUSTRIES CO., TSUGAMI CORPORATION, EMAG, HURON GRAFFENSTADEN, INTELITEK, Fadal Engineering, LEADWELL CNC MACHINES MFG, TrensHWACHEON, Methods Machine Tools, MILLTRONICS, Murata, Fryer Machine Systems, HASEGAWA MACHINE WORKS, O-M Ltd. Group, BENZINGER, Milacron,  CITIZEN, CLAUSING, DAEWOO, HARDINGE, HITACHI-Seiki, and MONARCH.

Segmentation by end-user and analysis of the lathe machine market

• Automotive
• General machinery
• Transport

During 2015, the automotive segment accounted for the major market shares and dominated the industry. The growth of the automotive industry in countries such as the US, China, and Germany and the low auto loan rates in developed and developing countries that result in increasing the sales of automobiles will drive the market’s growth in the coming years.

Geographical segmentation and analysis of the lathe machine market

• Americas
• APAC
• EMEA

According to this market research and analysis, APAC will be the major revenue contributor to the lathe machine market throughout the next four years. The presence of the major low-cost manufacturing hubs in the region such as China and India and the availability of technical expertise and low-cost labor will induce companies to establish manufacturing units in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global lathe machine market?
• What are the key market trends impacting the growth of the global lathe machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global lathe machine market?
• What are the market opportunities and threats faced by the vendors in the global lathe machine market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global lathe machine market?

Technavio also offers customization on reports based on specific client requirement.

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