Market Overview:
The global CNC lathe, CNC turning centers market is expected to register a CAGR of 5.8% during the forecast period (2018-2030). The growth in the market can be attributed to the increasing demand for precision machining and automation in manufacturing industries. In addition, the growing automotive industry is also contributing to the growth of this market. Based on type, the global CNC lathe, CNC turning centers market can be segmented into vertical and horizontal machines. The vertical machines are expected to dominate the market during the forecast period owing to their ability to produce high-precision parts with tight tolerances. Based on application, this market can be segmented into manufacturers, machine shops and automotive companies among others.
Product Definition:
A CNC lathe, also known as a CNC turning center, is a computerized machine that uses programmed instructions to create cylindrical parts. The importance of CNC lathes and turning centers is that they provide an efficient and consistent way to produce high-quality parts.
Vertical:
Vertical milling is a process in which the workpiece is placed at a certain height above the head of the machine tool. In such processes, feed and speed can be regulated by using various techniques depending upon requirements. The vertical milling technique has gained significant importance owing to its ability to produce components with complex geometries and high production rates.
The emergence of technologies such as 3D printing has led numerous manufacturers to adopt additive manufacturing for designing.
Horizontal:
Horizontal is the term used for a machine tool that has its cutting edge parallel to the long axis of the machine. The horizontal milling machines are widely used in industries such as automotive, electronics, aerospace and defense among others. Horizontal mills are also known as grinders or cnc turning centers depending on their application.
The vertical milling machines have their cutting edges at different angles.
Application Insights:
The global market is segmented by application into manufacturers, machine shops, automotive and other industries. The manufacturers application segment dominated the overall industry in terms of revenue in 2017. This can be attributed to the growing demand for precision-engineered products from various end-use industries such as aerospace and defense among others.
The need for high precision engineering components with tight tolerances is driving the demand for CNC lathes among manufacturing companies across different end-use verticals globally. In addition to this factor; factors such as increasing investments by manufacturing companies in developing their existing or new production facilities will further boost product adoption over the forecast period globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the increasing demand for high-quality precision tools from various end-use industries, such as aerospace and defense, automotive, medical devices and others. The region is expected to continue its dominance over the forecast period due to growing industrialization and rising per capita income of consumers.
The growth of manufacturing industries in emerging economies like China and India is anticipated to boost product demand over the forecast period. Furthermore, favorable government policies regarding research & development activities are projected to propel industry expansion over next few years.
North America accounted for a significant share of revenue in 2017 owing with rapid technological advancements coupled with presence of major companies across U S A & Canada that have been investing heavily on machine tooling technologies has led North America cnc lathe market into first position globally by 2030 time frame.
Growth Factors:
- Increasing demand for CNC Turning Centers from the automotive and aerospace industries due to the need for high precision and accuracy.
- Growing demand for CNC Turning Centers from small- and medium-sized businesses (SMBs) due to the lower cost of ownership and ease of use compared to traditional machine tools.
- Rising popularity of CAM software, which enables users to program machining operations without having extensive knowledge about CNC controls or programming languages.
- Advances in machine tool technology that have led to the development of more powerful and efficient machines with smaller footprints, making them ideal for use in tight manufacturing spaces.
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Lathe, CNC Turning Centers Market Research Report
By Type
Vertical, Horizontal
By Application
Manufacturers, Machine Shop, Automotive, Others
By Companies
Doosan, Haas Automation, Inc, Hurco, Okuma, Hardinge Group, Intelitek, Milltronics USA, Mazak, EMAG GmbH & Co. KG, ToYoda, Doosan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global CNC Lathe, CNC Turning Centers Market Report Segments:
The global CNC Lathe, CNC Turning Centers market is segmented on the basis of:
Types
Vertical, Horizontal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturers, Machine Shop, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Doosan
- Haas Automation, Inc
- Hurco
- Okuma
- Hardinge Group
- Intelitek
- Milltronics USA
- Mazak
- EMAG GmbH & Co. KG
- ToYoda
- Doosan
Highlights of The CNC Lathe, CNC Turning Centers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vertical
- Horizontal
- By Application:
- Manufacturers
- Machine Shop
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNC Lathe, CNC Turning Centers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CNC Lathe is a machine that uses computer-controlled axes to turn parts or products. A CNC Turning Center is a machine that has multiple CNC lathes working together to produce complex parts quickly and accurately.
Some of the key players operating in the cnc lathe, cnc turning centers market are Doosan, Haas Automation, Inc, Hurco, Okuma, Hardinge Group, Intelitek, Milltronics USA, Mazak, EMAG GmbH & Co. KG, ToYoda, Doosan.
The cnc lathe, cnc turning centers market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNC Lathe, CNC Turning Centers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CNC Lathe, CNC Turning Centers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CNC Lathe, CNC Turning Centers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CNC Lathe, CNC Turning Centers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CNC Lathe, CNC Turning Centers Market Size & Forecast, 2018-2028
4.5.1 CNC Lathe, CNC Turning Centers Market Size and Y-o-Y Growth
4.5.2 CNC Lathe, CNC Turning Centers Market Absolute $ Opportunity
Chapter 5 Global CNC Lathe, CNC Turning Centers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 CNC Lathe, CNC Turning Centers Market Size Forecast by Type
5.2.1 Vertical
5.2.2 Horizontal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global CNC Lathe, CNC Turning Centers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 CNC Lathe, CNC Turning Centers Market Size Forecast by Applications
6.2.1 Manufacturers
6.2.2 Machine Shop
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC Lathe, CNC Turning Centers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CNC Lathe, CNC Turning Centers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America CNC Lathe, CNC Turning Centers Analysis and Forecast
9.1 Introduction
9.2 North America CNC Lathe, CNC Turning Centers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America CNC Lathe, CNC Turning Centers Market Size Forecast by Type
9.6.1 Vertical
9.6.2 Horizontal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America CNC Lathe, CNC Turning Centers Market Size Forecast by Applications
9.10.1 Manufacturers
9.10.2 Machine Shop
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe CNC Lathe, CNC Turning Centers Analysis and Forecast
10.1 Introduction
10.2 Europe CNC Lathe, CNC Turning Centers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe CNC Lathe, CNC Turning Centers Market Size Forecast by Type
10.6.1 Vertical
10.6.2 Horizontal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe CNC Lathe, CNC Turning Centers Market Size Forecast by Applications
10.10.1 Manufacturers
10.10.2 Machine Shop
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific CNC Lathe, CNC Turning Centers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific CNC Lathe, CNC Turning Centers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific CNC Lathe, CNC Turning Centers Market Size Forecast by Type
11.6.1 Vertical
11.6.2 Horizontal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific CNC Lathe, CNC Turning Centers Market Size Forecast by Applications
11.10.1 Manufacturers
11.10.2 Machine Shop
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America CNC Lathe, CNC Turning Centers Analysis and Forecast
12.1 Introduction
12.2 Latin America CNC Lathe, CNC Turning Centers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America CNC Lathe, CNC Turning Centers Market Size Forecast by Type
12.6.1 Vertical
12.6.2 Horizontal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America CNC Lathe, CNC Turning Centers Market Size Forecast by Applications
12.10.1 Manufacturers
12.10.2 Machine Shop
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) CNC Lathe, CNC Turning Centers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) CNC Lathe, CNC Turning Centers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) CNC Lathe, CNC Turning Centers Market Size Forecast by Type
13.6.1 Vertical
13.6.2 Horizontal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) CNC Lathe, CNC Turning Centers Market Size Forecast by Applications
13.10.1 Manufacturers
13.10.2 Machine Shop
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CNC Lathe, CNC Turning Centers Market: Competitive Dashboard
14.2 Global CNC Lathe, CNC Turning Centers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Doosan
14.3.2 Haas Automation, Inc
14.3.3 Hurco
14.3.4 Okuma
14.3.5 Hardinge Group
14.3.6 Intelitek
14.3.7 Milltronics USA
14.3.8 Mazak
14.3.9 EMAG GmbH & Co. KG
14.3.10 ToYoda
14.3.11 Doosan
