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

Name: Lathe Machine Market News
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Lathe Machine Market Size, Lathe Machine Market Share, Lathe Machine Market Trends, Lathe Machine Market Growth, Lathe Machine Market Analysis, Lathe Machine Market Forecast, Lathe Machine Market Report, Lathe Machine Industry Report

Lathe Machine Market, By Operation (Conventional and CNC), By End-use Industry (Automotive, Industrial Machinery, Transportation, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024
Code : CMI7213
Pages :165
Formats :
Excel and PDF
Industry : Information and Communication Technology

Key Developments

In September 2023, Star Micronics Co. Ltd, a leading manufacturer of machine tools and precision parts, announced the development of SP-20/23, a CNC Swiss-type automatic lathe capable of supporting parts machining in various industries, including automobiles, hydraulic/pneumatic equipment, and general machinery.
In December 2022, the Tata Group, a global enterprise with a mission to improve the quality of life of the communities it serves globally through long-term stakeholder value creation based on Leadership with Trust, unveiled a five-year investment plan of US$ 90 billion in semiconductors. This goal involves expanding into sophisticated chip fabrication and fabs in the next years, which is projected to increase demand for lathe machines in the semiconductor industry.