Global Lathe Machines Market: Industry Analysis and Forecast (2021-2027)

[mayuri kathade]

Maximize Market Research's latest report, " Global Lathe Machines Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.

Global Lathe Machines Market size was valued at US$ 10.5 Bn. in 2020 and the total revenue is expected to grow at 1.8 % CAGR through 2021 to 2027, reaching nearly US$ 11.9 Bn.

Global Lathe Machines Market Overview

In the metalworking industry, lathe machines are extremely important. Faceting, sanding, knurling, cutting, and drilling are all common uses for lathe equipment. The rising popularity of CNC lathes is resulting in a rise in market income for machines. This can be ascribed to an increase in the number of automation industries, which are striving to improve productivity and quality in the manufacturing sector. Manufacturers are more prone to flexible activity and as a result are more willing to use technologically advanced lathes. These machines are used to make bolts, screws, and other fasteners. They're also used to shape wood, metal, and other materials into useful shapes. The automobile, general machinery and transportation industries have all seen increased market demand as a result of rising urbanisation.

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Global Lathe Machines Market Major Market Players

• Dalian Machine Tool Corporation
• DMG Mori Co., Ltd
• Doosan Machine Tools
• Haas Automotive Inc.
• Hardinge, Inc.
• HMT Machine Tools
• JTEKT Corporation
• Okuma Corporation
• Samsung Machine Tools
• Yamazaki Mazak Corporation
• EMAG group
• Shaanxi Qinchuan Machine Tool and Tool Group
• Tsugami Corporation
• INDEX and TRAUB
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of Global Lathe Machines Market by Types and Applications:

The report has covered the market size by country (regions) for the global Lathe Machines market. Segment by Application. The Lathe Machines Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.

Analysis of the Lathe Machines Market Share and Competitive Landscape:

This report provides a detailed analysis of the Global Lathe Machines Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

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