Market Overview:
The global CNC vertical lathe and CNC vertical turning center market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for high precision machining in various industries such as automotive and other applications. Based on type, the global CNC vertical lathe and CNC vertical turning center market has been segmented into horizontal and vertical types. The horizontal type is expected to dominate the market during the forecast period owing to its ability to machine large components with high accuracy. However, the demand for Vertical Turning Centers (VTC) is increasing due their ability to machine smaller parts with better accuracy as compared to Horizontal Turning Centers (HTC).
Product Definition:
A CNC vertical lathe (VTL) or CNC vertical turning center is a machine tool used for the machining of cylindrical parts. The workpiece is rotated about its axis of symmetry and fed into a cutting tool, which removes material to create the desired shape.
Vertical:
Vertical lathe is a tool that is used to cut a wide range of materials such as wood, plastic, aluminum and steel. It has the ability to perform different operations on different types of work pieces at the same time. The vertical lathe consists of headstock (which contains spindle), collet (which holds work piece) and tailstock (which can be moved up or down).
Horizontal:
Horizontal is the movement of work piece in a horizontal direction. In lathe, work piece is rotating clockwise while in turning center it's moving anticlockwise. Horizontal movement of work pieces can be achieved by using spindle motors or by hand rotation.
Application Insights:
The global market is segmented by application into manufacturers, automotive and other. The manufacturers application segment dominated the overall industry in terms of revenue in 2017. Vertical lathes are widely used by the manufacturing sector as they offer high precision, efficiency and versatility at a lower cost than the traditional horizontal lathe machines. These machines have been proven to be an efficient solution for metal cutting applications across various industries such as aerospace & defense, industrial machinery and tools etcetera.
Global NC vertical lathe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. These countries are experiencing strong economic growth owing to various factors such as low labor cost and high population. Moreover, these countries have been witnessing rapid industrialization that has led to an increase in demand for vertical lathes & turning centers for machining different types of parts required by industries located there.
North America accounted for a significant share of global revenue in 2017 owing to the presence of prominent players like Okuma Corporation; however, it is expected to lose out on its market share during the forecast period due rising competition from Asia Pacific region especially from China which will result into lower selling price of products resulting into lower profit margins for North American manufacturers/suppliers who export their products outside North America hence affecting overall regional growth negatively.
Growth Factors:
- Increasing demand for CNC Vertical Lathe and CNC Vertical Turning Center from automotive and aerospace industries due to the rising production of vehicles and aircrafts.
- Growing demand for high precision machining owing to the increasing adoption of advanced manufacturing technologies across various industrial sectors.
- Rising investments in research and development activities by leading players to develop innovative products that cater to the specific needs of different end-use industries.
- Proliferation of online shopping portals that offer a wide range of CNC Vertical Lathe and CNC Vertical Turning Center at competitive prices, thereby boosting sales growth opportunities for market players. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Vertical Lathe and CNC Vertical Turning Center Market Research Report
By Type
Vertical, Horizontal
By Application
Manufacturers, Automotive, Other
By Companies
Doosan, Haas Automation, Hurco, Okuma, Hardinge Group, Intelitek, Milltronics USA, Mazak, EMAG, 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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global CNC Vertical Lathe and CNC Vertical Turning Center Market Report Segments:
The global CNC Vertical Lathe and CNC Vertical Turning Center 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, Automotive, Other
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
- Hurco
- Okuma
- Hardinge Group
- Intelitek
- Milltronics USA
- Mazak
- EMAG
- ToYoda
- Doosan
Highlights of The CNC Vertical Lathe and CNC Vertical Turning Center 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
- Automotive
- Other
- 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 Vertical Lathe and CNC Vertical Turning Center 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 Vertical Lathe is a machine that uses rotary motion to turn parts or products on an axis. A CNC Vertical Turning Center is a machine that uses linear motion to turn parts or products on an axis.
Some of the major companies in the cnc vertical lathe and cnc vertical turning center market are Doosan, Haas Automation, Hurco, Okuma, Hardinge Group, Intelitek, Milltronics USA, Mazak, EMAG, ToYoda, Doosan.
The cnc vertical lathe and cnc vertical turning center 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 Vertical Lathe and CNC Vertical Turning Center 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 Vertical Lathe and CNC Vertical Turning Center Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 CNC Vertical Lathe and CNC Vertical Turning Center 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 Vertical Lathe and CNC Vertical Turning Center 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 Vertical Lathe and CNC Vertical Turning Center Market Size & Forecast, 2020-2028 4.5.1 CNC Vertical Lathe and CNC Vertical Turning Center Market Size and Y-o-Y Growth 4.5.2 CNC Vertical Lathe and CNC Vertical Turning Center Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Vertical
5.2.2 Horizontal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Manufacturers
6.2.2 Automotive
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC Vertical Lathe and CNC Vertical Turning Center 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 Vertical Lathe and CNC Vertical Turning Center 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 Market Size Forecast by Applications
9.10.1 Manufacturers
9.10.2 Automotive
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 Market Size Forecast by Applications
10.10.1 Manufacturers
10.10.2 Automotive
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 Market Size Forecast by Applications
11.10.1 Manufacturers
11.10.2 Automotive
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 Market Size Forecast by Applications
12.10.1 Manufacturers
12.10.2 Automotive
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) Market Size Forecast by Applications
13.10.1 Manufacturers
13.10.2 Automotive
13.10.3 Other
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 Vertical Lathe and CNC Vertical Turning Center Market: Competitive Dashboard
14.2 Global CNC Vertical Lathe and CNC Vertical Turning Center Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Doosan
14.3.2 Haas Automation
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
14.3.10 ToYoda
14.3.11 Doosan