Market Overview:
The global wood lathe 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 wood lathes from various applications such as wood processing, craft, personal use and others. Additionally, the growing popularity of DIY projects is also propelling the growth of this market. Based on type, mini wood lathes are expected to witness higher growth during the forecast period as compared to other types due to their low cost and easy portability. Based on application, wood processing is anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period followed by craft and personal use segments respectively.
Product Definition:
A wood lathe is a machine used to turn wooden objects. It consists of a cylindrical headstock, hold the workpiece, and a tailstock, which holds the tool. The headstock contains a spindle that is rotated by an electric motor or by hand. The object to be turned is placed against the faceplate on the headstock and held in place by clamps. The tool rest is then adjusted so that it rests against the object being turned and provides support for the cutting tool.
Mini Wood Lathe:
Mini wood lathe is a tool that is used to cut small parts of wood. It has different types of headstock such as spindle, bowl, and round among others. The machine consists of spinning headstock and fixed bed which are mounted on a single axis or double axis systems. Lathe can be operated by foot control or hand control where the operator can adjust the speed of rotation using variable speed motor installed in it.
Midi Wood Lathe:
The lathe is an important tool used in woodworking. It is a device that consists of rotating headstock from which shafts extend outwards and can be mounted on any type of base plate. The most commonly used types of bases are the horizontal or vertical ones. There are different ways to use a lathe depending upon its applications such as turning, chamfering, drilling, etc., but the basic way to use it is similar across all applications.
Application Insights:
The wood processing application segment led the global market in 2017. The product is widely used for processing wood into chips, short logs and long pieces, and other intermediate products such as roundish sticks, short logs, thin branches and tree trunks. These machines are also used for producing small wooden bowls or rotary mortars when combined with a bowl ramming attachment.
The craft application segment is expected to witness the fastest growth over the forecast period owing to increasing demand from furniture making applications across various regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing demand for wood turning machines from craft and hobbyists as well as professionals in the wood processing industry.
Asia Pacific is anticipated to be one of the fastest-growing regions during the same period owing to rising disposable income levels.
Europe also held a significant share of global revenue due to high concentration of manufacturers located there. Germany accounted for more than 25% share within Europe while U.K.
Growth Factors:
- Increasing demand for customized wood products: The global wood lathe market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for customized wood products from end-use industries such as furniture, construction, and interior decoration.
- Rising popularity of DIY projects: The growing popularity of do-it-yourself (DIY) projects is another key factor that is expected to drive the growth of the global wood lathe market during the forecast period.
- Technological advancements: The introduction of technologically advanced machines has helped in improving the efficiency and quality of woodturning products, thereby propelling the growth of this market.
- Growing awareness about benefits offered by wooden products: There has been a rise in awareness among consumers about the benefits offered by wooden products such as durability and low maintenance cost, which is likely to fuel demand for these products in turn driving growth prospects for this market overthe forecast period . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Lathe Market Research Report
By Type
Mini Wood Lathe, Midi Wood Lathe, Full Sized Wood Lathe
By Application
Wood Processing, Craft, Personal Use, Others
By Companies
JPW Industries, Delta Machinery, RIKON Power Tools, Laguna Tools, Teknatool International, WEN, Grizzly, Woodstock International, SCM Group, Robust Tools, JPW Industries, Carbatec, King Canada, Harvey Industries, Jai Industries, Binzhou COSEN CNC equipment, LingRui CNC
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Wood Lathe Market Report Segments:
The global Wood Lathe market is segmented on the basis of:
Types
Mini Wood Lathe, Midi Wood Lathe, Full Sized Wood Lathe
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
Wood Processing, Craft, Personal Use, 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:
- JPW Industries
- Delta Machinery
- RIKON Power Tools
- Laguna Tools
- Teknatool International
- WEN
- Grizzly
- Woodstock International
- SCM Group
- Robust Tools
- JPW Industries
- Carbatec
- King Canada
- Harvey Industries
- Jai Industries
- Binzhou COSEN CNC equipment
- LingRui CNC
Highlights of The Wood Lathe 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:
- Mini Wood Lathe
- Midi Wood Lathe
- Full Sized Wood Lathe
- By Application:
- Wood Processing
- Craft
- Personal Use
- 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 Wood Lathe 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 wood lathe is a machine used to turn pieces of wood into various shapes.
Some of the major players in the wood lathe market are JPW Industries, Delta Machinery, RIKON Power Tools, Laguna Tools, Teknatool International, WEN, Grizzly, Woodstock International, SCM Group, Robust Tools, JPW Industries, Carbatec, King Canada, Harvey Industries, Jai Industries, Binzhou COSEN CNC equipment, LingRui CNC.
The wood lathe market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood Lathe 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 Wood Lathe Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood Lathe 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 Wood Lathe 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 Wood Lathe Market Size & Forecast, 2020-2028
4.5.1 Wood Lathe Market Size and Y-o-Y Growth
4.5.2 Wood Lathe 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 Mini Wood Lathe
5.2.2 Midi Wood Lathe
5.2.3 Full Sized Wood Lathe
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 Wood Processing
6.2.2 Craft
6.2.3 Personal Use
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood Lathe 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 Wood Lathe 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 Mini Wood Lathe
9.6.2 Midi Wood Lathe
9.6.3 Full Sized Wood Lathe
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 Wood Processing
9.10.2 Craft
9.10.3 Personal Use
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 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 Mini Wood Lathe
10.6.2 Midi Wood Lathe
10.6.3 Full Sized Wood Lathe
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 Wood Processing
10.10.2 Craft
10.10.3 Personal Use
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 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 Mini Wood Lathe
11.6.2 Midi Wood Lathe
11.6.3 Full Sized Wood Lathe
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 Wood Processing
11.10.2 Craft
11.10.3 Personal Use
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 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 Mini Wood Lathe
12.6.2 Midi Wood Lathe
12.6.3 Full Sized Wood Lathe
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 Wood Processing
12.10.2 Craft
12.10.3 Personal Use
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) 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 Mini Wood Lathe
13.6.2 Midi Wood Lathe
13.6.3 Full Sized Wood Lathe
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 Wood Processing
13.10.2 Craft
13.10.3 Personal Use
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 Wood Lathe Market: Competitive Dashboard
14.2 Global Wood Lathe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JPW Industries
14.3.2 Delta Machinery
14.3.3 RIKON Power Tools
14.3.4 Laguna Tools
14.3.5 Teknatool International
14.3.6 WEN
14.3.7 Grizzly
14.3.8 Woodstock International
14.3.9 SCM Group
14.3.10 Robust Tools
14.3.11 JPW Industries
14.3.12 Carbatec
14.3.13 King Canada
14.3.14 Harvey Industries
14.3.15 Jai Industries
14.3.16 Binzhou COSEN CNC equipment
14.3.17 LingRui CNC
