Global lathe machines market trends and opportunities

Lathe machine is very commonly used worldwide for the shaping of products made of wood and iron by rotating a workpiece on its axis of rotation and perform the desired operations like sanding, drilling, deformation, and cutting. Global lathe machine market size is valued at more than $10,000 million and further projects by 2.6% more to $12,000 million by 2022.

Lathes are considered as a trademark in metal shaping machines, they can easily turn the unfinished metal product into an accomplished product such as automotive spare and body parts, machine products, and more. This includes cutting metal sheets into the desired size and designs to create customized patterns and shapes.

Heavy-duty lathes are constructed using superior quality materials and embrace premium technology. They are unique sort of lathe which are highly efficient and is used for high volume production. They are preciously designed to ensure durability and optimum performance while using relatively fewer resources. They are capable of multi-tasking with the same efficiency and precision. They are tested thoroughly for high industrial standards and zero defects. They are highly versatile and can be operated at greater speed. Moreover, the heavy lathe machines are produced using top-grade, non-corrosive raw materials for premier finishing, and high tensile strength.

Based on the type, the lathe can be classified as vertical or horizontal lathes. Vertical turning lathe makes it appropriate to mount, align, and fasten the product to be worked. The vertical angle of the spindle helps it cut hard to reach angles. These vertical lathes occupy less ground space in comparison to horizontal lathes, making it more suitable for manufacturing heavy and large objects. The machine works in the direction of gravity which favors the stability of the object and machining process.

Based on the mode of operation the lathe can be segmented into manually operated and CNC lathes. CNC lathe dominates the current lathe market industry and is predicted to grow even further in the coming years. It helps the producer to meet the consumer requirements of high quality, consistent production rate, and uniformity. The machine can be easily programmed to manufacture high precision cuts on stiff materials while maintaining the finest quality. CNC machine is available in two variants to slant bed and flat bed. The upward and downward movement of moving parts of the slant bed machine is balanced making it more efficient in machine works.

The top investment pocket for lathe machine is the Asia-pacific region with the evidence of India emerging as the leader in demand supported by the government’s initiatives to emerge India as a manufacturing hub in the world. The Indian government even launched some programs like Make in India to promote manufacturing in India and promote as the most preferred destination for manufacturing. Europe is in second place for lathe machine usage globally.  Some key layers in the lathe machine segment include Dalian Machine Tool Corporation, DMG Mori Ltd., Doosan Machine Tools, Haas Automotive Inc., Hardinge Inc., HMT Machine Tools, JTEKT Corporation, Okuma Corporation, Samsung Machine Tools, Yamazaki Mazak Corporation.