Global Lathe Machine Market Forecast to 2030 - COVID-19 Impact and Analysis by Type (Horizontal and Vertical); Mode of Operation (Conventional and CNC); End-user Industry (General Manufacturing, Automotive, Transportation, and Others); and Geography
Global Lathe Machine Market Introduction
A lathe machine is a machine tool used to remove metals from a workpiece to give a required or desired shape and size. Lathe machines are used in metal turning, metalworking, woodturning, metal spinning, glass working, etc. Automation in lathe machines is a major factor likely to drive the growth of the global lathe machine market. Manufacturing industries in developed and developing countries are focusing on replacing conventional lathe machines with computer numerical controlled (CNC) lathe machines to enhance industrial productivity and efficiency. With growing awareness of the quality of products, manufacturers have started automating their production processes. However, one of the most important factors likely to restraint the growth of the global lathe machine market during the forecast period is the relatively high setup costs. Moreover, the increasing popularity of CNC machines and the integration of the Internet of Things (IoT) and artificial intelligence in manufacturing is the new trend in the global lathe machine market that will gain sufficient pull in the coming years.
Global Lathe Machine Market Overview
The global lathe machine market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The lathe machine market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global lathe machine market over the long as well as short period of time. Furthermore, the global lathe machine market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.
Global Lathe Machine Market Insights
The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global lathe machine market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.
Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the lathe machine market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.
COVID-19 Impact on Global Lathe Machine Market
The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global lathe machine market.
With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:
· Rapid shifts in top 100 companies across each sector
· Growth and decline in each sector due to the COVID-19 pandemic
Global Lathe Machine Market – by Type
Global Lathe Machine Market – by Mode of Operation
Global Lathe Machine Market – by End-user Industry
· General Manufacturing
Global Lathe Machine Market – by Geography
· North America
o Rest of Europe
· Asia-Pacific (APAC)
o South Korea
o Rest of APAC
o Latin America
o Middle East
2. DMG Mori Co., Ltd.
3. Doosan Machine Tools Co., Ltd.
4. EMAG Group
5. Haas Automation, Inc.
6. Hardinge Inc.
7. HMT Machine Tools Ltd.
8. INDEX TRAUB
9. JARNG YEONG ENTERPRISE CO., LTD.
10. Jinn Fa Machine Industrial Co., Ltd.
11. JTEKT Corporation
12. Okuma Corporation
13. Shun Chuan Precision Machinery Co., Ltd.
14. SMEC CO., LTD.
15. Yamazaki Mazak Corporation
Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the lathe machine market.
Key Questions Answered
· Which region provides more business opportunities for the global lathe machine market in the upcoming years?
· Who is the leading overall lathe machine market, and what strategies have been adopted by them?
· Which segment accounted for the largest lathe machine market share?
· What are the upcoming trends in the global lathe machine market? What impact would these trends make in the coming years for the lathe machine market?
· Which player offering the best product range for the global lathe machine market?
Key Benefits for Stakeholders
· This study presents the analytical description of the lathe machine market analysis along with the current trends and future estimations to describe coming up investment pockets
· The complete lathe machine market opportunity is resolute by knowing profitable trends to gain a stronger foothold
· The report describes insights associated with key drivers, restraints, opportunities, and trends of the global lathe machine market with thorough impact analysis
· The global lathe machine market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability
· PEST analysis defines the potency of the consumers and suppliers in the global lathe machine market
· Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global lathe machine market
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