Lathe Center Market Growth, Trends, and Forecast, 2021-2031

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Lathe Center Market 2021 Share, Trend, Segmentation and Forecast To 2031  September 22, 2021

 Shubham Jamdade

 Press Release

0

Lathe Center Market – Introduction Lathe center is a machine tool used for accurate positioning of a work piece about its axis between a head

stock spindle and tailstock spindle. Lathe centers are used to manufacture cylindrical shapes from different range of materials such as plastics and steels. The lathe center can be operated by a person or operated automatically by a machine.

Key Drivers of the Lathe Center Market

Many industries make use of lathe centers for fabricating parts and features that have a circular cross section. Automotive, aerospace, oil & gas, electronics, mining, and ship building are some of the

industries using a lathe center. It is also a very common tool used by steel and plastic manufacturers.

This increases the demand for lathe centers and helps in the growth of the market.

Lathe centers are widely used in construction. They are used on wood, metal, and other common

construction material. Increase in construction activities across the globe is helping in the growth of the lathe center market.

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Factors Restraining the Lathe Center Market Lathe centers can perform diverse operations, but only one tool can be used at a time and the idle

time between the operations is high. Also, the preciseness of the job performed with a lathe center depends largely on the skills of the operator. Further, the Covid-19 pandemic negatively impacted the growth of the lathe center market. Factories and manufacturing plants were closed due to

lockdown and supply chains were disrupted because of lack of raw materials which hampered the growth of the lathe center market.

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Asia Pacific to Hold Leading Share of the Global Lathe Center Market In terms of region, the global lathe center market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North

America. Analysis and forecast of the lathe center market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of

Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and

Rest of Middle East & Africa. The lathe center market in South America is segmented into Brazil and Rest of South America.

Asia Pacific dominated the global lathe center market in 2020, due to presence of a large number of

steel manufacturers in the region. Growth in construction industry has been driving the lathe center market in Asia Pacific, particularly in China, India, and Japan.

The lathe center market in Asia Pacific is projected to expand at a rapid pace, followed by North America and Europe during the forecast period.

Key Players Operating in the Lathe Center Market The global lathe center market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global lathe

center market are: Karl Bruckner GmbH Riten Industries, Inc. Röhm GmbH Sontheim MACK Werkzeuge AG ROTOR TOOL GmbH Sassatelli s.r.l.

Tecnologie FRB Granlund Tools HENNINGER GMBH U. CO. KG Knuth Machine Tools

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Global Lathe Center Market: Research Scope Global Lathe Center Market, by Mode of Operation Manual Automatic Global Lathe Center Market, by Type Dead center (and live center) Soft center Running or revolving center Pipe center Cup center Drive center Spring center Global Lathe Center Market, by Application Milling Turning Grinding Drilling Boring

Others (Facing off, etc.)

Global Lathe Center Market, by Price Low Medium High Global Lathe Center Market, by End-use Industry Steel Automotive Aerospace Ship building Others (oil & gas, etc.)

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