Market Overview:
The global engine lathes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for engine lathes from the metal processing industry, equipment manufacturing, and automobile sectors. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. However, fluctuations in raw material prices may hamper the growth of this market during the forecast period. On basis of type, manual engine lathes held a major share of more than 60% in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to their low cost as compared to automatic engine lathes and easy operability which makes them ideal for small-scale businesses or hobbyists.
Product Definition:
An engine lathe is a machine tool that rotates the workpiece about an axis of rotation to perform various operations such as cutting, knurling, drilling, or deformation.
Manual Engine Lathes:
Manual engine lathes are hand-operated machines that are used for turning, grinding, and cutting different types of materials such as metals or wood. These devices have low power compared to the electric motor-driven machine tools but they can be used for producing high precision parts and components.
Automatic Engine Lathes:
Automatic Engine Lathes (AEL) are used to produce high precision engine components such as cylinder head, main shafts, timing gears and others. AEL is capable of producing component with higher accuracy than manual engine lathes. The machine consists of two or more interlocked rotating parts which are enclosed in a chamber filled with cutting fluid.
Application Insights:
The metal processing industry dominated the global engine lathes market in terms of revenue in 2017. The growth can be attributed to the rising demand for heavy machinery and equipment for industrial purposes. Metal cutting applications include cutting of steel, aluminum, and other metals. These machines are used to produce precision-engineered components that are essential in various industries such as construction, automotive, aerospace etc.
Equipment manufacturing was the second largest application segment with a share of 22% in 2017 owing to increasing investments by governments across various countries including China India Japan South Korea Saudi Arabia United Arab Emirates Germany Brazil etc have been made towards developing manufacturing sectors which will result into increased production of machine tools required component manufacturing over the coming years which is expected to drive demand over the forecast period especially from countries like China Japan Russia Germany France Canada U.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the increasing demand for heavy machinery from developing countries such as China and India, which are among the largest markets globally. The growing manufacturing sector across these economies is fueling growth in this region due to increased production capacity and adoption of latest technologies by manufacturers.
The Middle East & Africa is expected to grow at a significant rate over the forecast period owing to rapid development witnessed by various industries including oil & gas, mining, construction, automotive etc., especially within GCC countries such as Saudi Arabia and UAE.
Growth Factors:
- Increasing demand for high-precision engine lathes from the automotive and aerospace industries.
- Growing popularity of CNC-controlled engine lathes, which offer better precision and flexibility than traditional machines.
- Rising demand for customized engine lathes to meet specific requirements of individual customers or industries.
- Proliferation of small and medium-sized machine shops that need affordable but high quality engine lathes to support their operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Engine Lathes Market Research Report
By Type
Manual Engine Lathes, Automatic Engine Lathes
By Application
Metal Processing Industry, Equipment Manufacturing, Automobile
By Companies
Komatsu, GRIZZLY, FOX, JET, Okuma, MoriSeiki, Central Machinery, South Bend Lathe, Baileigh Industrial, Komatsu
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Engine Lathes Market Report Segments:
The global Engine Lathes market is segmented on the basis of:
Types
Manual Engine Lathes, Automatic Engine Lathes
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
Metal Processing Industry, Equipment Manufacturing, Automobile
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:
- Komatsu
- GRIZZLY
- FOX
- JET
- Okuma
- MoriSeiki
- Central Machinery
- South Bend Lathe
- Baileigh Industrial
- Komatsu
Highlights of The Engine Lathes 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:
- Manual Engine Lathes
- Automatic Engine Lathes
- By Application:
- Metal Processing Industry
- Equipment Manufacturing
- Automobile
- 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 Engine Lathes 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?
Engine lathes are used to cut metal parts by rotating a cutting tool around the workpiece. They can be used for a variety of tasks, including turning gears, shafts, and other components.
Some of the major companies in the engine lathes market are Komatsu, GRIZZLY, FOX, JET, Okuma, MoriSeiki, Central Machinery, South Bend Lathe, Baileigh Industrial, Komatsu.
The engine lathes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Engine Lathes 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 Engine Lathes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Engine Lathes 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 Engine Lathes 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 Engine Lathes Market Size & Forecast, 2018-2028
4.5.1 Engine Lathes Market Size and Y-o-Y Growth
4.5.2 Engine Lathes Market Absolute $ Opportunity
Chapter 5 Global Engine Lathes 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 Engine Lathes Market Size Forecast by Type
5.2.1 Manual Engine Lathes
5.2.2 Automatic Engine Lathes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Engine Lathes 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 Engine Lathes Market Size Forecast by Applications
6.2.1 Metal Processing Industry
6.2.2 Equipment Manufacturing
6.2.3 Automobile
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Engine Lathes 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 Engine Lathes 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 Engine Lathes Analysis and Forecast
9.1 Introduction
9.2 North America Engine Lathes 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 Engine Lathes Market Size Forecast by Type
9.6.1 Manual Engine Lathes
9.6.2 Automatic Engine Lathes
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 Engine Lathes Market Size Forecast by Applications
9.10.1 Metal Processing Industry
9.10.2 Equipment Manufacturing
9.10.3 Automobile
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 Engine Lathes Analysis and Forecast
10.1 Introduction
10.2 Europe Engine Lathes 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 Engine Lathes Market Size Forecast by Type
10.6.1 Manual Engine Lathes
10.6.2 Automatic Engine Lathes
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 Engine Lathes Market Size Forecast by Applications
10.10.1 Metal Processing Industry
10.10.2 Equipment Manufacturing
10.10.3 Automobile
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 Engine Lathes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Engine Lathes 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 Engine Lathes Market Size Forecast by Type
11.6.1 Manual Engine Lathes
11.6.2 Automatic Engine Lathes
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 Engine Lathes Market Size Forecast by Applications
11.10.1 Metal Processing Industry
11.10.2 Equipment Manufacturing
11.10.3 Automobile
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 Engine Lathes Analysis and Forecast
12.1 Introduction
12.2 Latin America Engine Lathes 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 Engine Lathes Market Size Forecast by Type
12.6.1 Manual Engine Lathes
12.6.2 Automatic Engine Lathes
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 Engine Lathes Market Size Forecast by Applications
12.10.1 Metal Processing Industry
12.10.2 Equipment Manufacturing
12.10.3 Automobile
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) Engine Lathes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Engine Lathes 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) Engine Lathes Market Size Forecast by Type
13.6.1 Manual Engine Lathes
13.6.2 Automatic Engine Lathes
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) Engine Lathes Market Size Forecast by Applications
13.10.1 Metal Processing Industry
13.10.2 Equipment Manufacturing
13.10.3 Automobile
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 Engine Lathes Market: Competitive Dashboard
14.2 Global Engine Lathes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Komatsu
14.3.2 GRIZZLY
14.3.3 FOX
14.3.4 JET
14.3.5 Okuma
14.3.6 MoriSeiki
14.3.7 Central Machinery
14.3.8 South Bend Lathe
14.3.9 Baileigh Industrial
14.3.10 Komatsu
