LATHE MACHINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Expansion of machine tool industry

The global machine tool industry has experienced steady growth over the past few decades driven by rising demand from end-use manufacturing sectors. As a pivotal segment of this industry, the lathe machine market is also witnessing expansion. Major players in the machine tool market are increasingly focusing on strengthening their lathe machinery portfolio by developing automated and computer numerical control (CNC) lathes with advanced features to gain competitive advantage.

Leading lathe producers are investing heavily in Industry 4.0 technologies like Internet of Things (IoT), additive manufacturing, robotics, AI and big data to launch smart, connected lathe solutions for manufacturers. This is allowing them to enhance productivity, reduce downtime and operational costs for customers. Given the product and technology upgrades, machine tool companies are expanding their global footprint by setting up new manufacturing plants, sales and service centers worldwide. They are also enhancing overseas distribution networks and collaborating with regional distributors to boost lathe machine exports.

The growing scale and investments of the machine tool industry have increased lathe manufacturing capacities and geographical reach.

• Dalian Machine Tool Corporation
• DMG Mori Co., Ltd.
• Doosan Machine Tools
• EMAG Group
• Haas Automation Inc.
• Hardinge, Inc.
• HMT Machine Tools
• INDEX and TRAUB
• JTEKT Corporation
• Okuma Corporation
• Samsung Machine Tools
• Shaanxi Qinchuan Machine Tool and Tool Group
• Tsugami Corporation
• Yamazaki Mazak Corporation