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Europe Conventional Lathe Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Spindle Orientation (Horizontal and Vertical), Number of Axis (2 and 3), End-User (Automotive, General Machinery, Aerospace, Electronics, Oil & Gas, Others), and Lathe Type (Universal Lathe and Oil Country Lathe)
Market Report I 2023-08-18 I 136 Pages I The Insight Partners
The Europe conventional lathe machine market was valued at US$ 302.04 million in 2023 and is expected to reach US$ 446.61 million by 2028. It is estimated to register a CAGR of 8.1% from 2023 to 2028.
Increasing Production of Automotive Vehicles Drive Europe Conventional Lathe Machine Market
The automobile industry is a pillar of the economy. In 2022, countries in Europe produced ~16.22 million units of vehicles. The rising demand for electric vehicles worldwide is further propelling the growth of the automotive industry. The growing automotive industry is boosting the demand for conventional lathe machines to produce different parts of vehicles, such as engines, transmissions, brake discs, and other components. Also, the machines are used for the production of brake discs. Moreover, the machine is used to develop electric hand brakes and power windows in vehicles. Hence, the growing production of automotive vehicles is boosting the growth of the Europe conventional lathe machine market.
Europe Conventional Lathe Machine Market Overview
The Europe conventional lathe machine market is segmented into Germany, France, Spain, the UK, Italy, and the Rest of Europe. The Europe aviation sector comprises several aircraft manufacturers that use conventional lathe machines for the production of different aircraft parts, such as plane surfaces, screw threads, airplane engines, and other parts. Thus, for quick production of the above parts, the demand for conventional lathe machines is increasing in the aviation sector of Europe. According to the Aerospace, Security, and Defense Industries Association of Europe (ASD), in 2021, the aerospace sector contributed over US$ 249.31 billion (EUR 240 billion) to the European GDP. Also, the region consists of various aircraft manufacturers, such as Airbus SE, BAE Systems Plc, Thales SA, and Safran SA. These aircraft manufacturers are continuously working on expanding their manufacturing facilities for the production of commercial, military and general aviation aircraft, which is also increasing the demand for conventional lathe machines in the region. For instance, in February 2020, Spirit AeroSystems announced the opening of its new composite manufacturing facility at its site in Prestwick, Scotland. This new US$ 28.38 million (22 million) factory is set to manufacture aircraft parts in Scotland. Hence, such expansion of manufacturing facilities by aircraft producers is propelling the growth of the Europe conventional lathe machine market in the region. In addition, the presence of established car manufacturers and an increase in the development and sales of electric vehicles are expected to boost the demand for conventional lathe machines in Europe as it helps in the production of automobile parts. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, approximately 16.22 million motor vehicles were produced in Europe. Out of this, ~3.68 million cars and light commercial vehicles (LCVs) were produced in Germany. Also, the region's government is taking various initiatives for the growth of the automotive industry, which is likely to propel the demand for conventional lathe machines. For instance, in 2020, the UK government awarded US$ 57.87 million for various low-carbon automotive projects, including the manufacturing of electric vehicles. Thus, the growing automotive industry in the region is expected to fuel the growth of the Europe conventional lathe machine market during the forecast period.
Europe Conventional Lathe Machine Market Revenue and Forecast to 2028 (US$ Million)
Europe Conventional Lathe Machine Market Segmentation
The Europe conventional lathe machine market is segmented into spindle orientation, number of axis, end-user, lathe type, and country.
Based on spindle orientation, the Europe conventional lathe machine market is segmented into horizontal and vertical. In 2023, the horizontal segment held the larger share of the Europe conventional lathe machine market.
Based on number of axis, the Europe conventional lathe machine market is segmented into 2 and 3. In 2023, the 2 segment held the larger share of the Europe conventional lathe machine market.
Based on end-user, the Europe conventional lathe machine market is segmented into automotive, general machinery, aerospace, electronics, oil & gas, others. In 2023, the automotive segment held the largest share of the Europe conventional lathe machine market.
Based on lathe type, the Europe conventional lathe machine market is segmented into universal lathe and oil country lathe. In 2023, the universal lathe segment held the larger share of the Europe conventional lathe machine market.
Based on country, the Europe conventional lathe machine market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. In 2023, the UK accounted for the largest share of the Europe conventional lathe machine market.
Annn Yang Machinery Co Ltd, CNC-TAKANG Co Ltd, Colchester Machine Tool Solutions Ltd, Comev SpA, GDW Werkzeugmaschinen Herzogenaurach GMBH, ITAMA Srl, Knuth Werkzeugmaschinen GmbH, L&L Machinery Industry Co Ltd, Optimum Maschinen GmbH, Romi Machine Tools Ltd, Summit Machine Tool LLC, and Win Ho Technology Industrial Co Ltd are the leading companies operating in the Europe conventional lathe machine market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Conventional Lathe Machine Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Conventional Lathe Machine Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Production of Automotive Vehicles
5.1.2 Growing Oil & Gas Industry
5.2 Market Restraints
5.2.1 Rising Demand for CNC Lathe Machines
5.3 Market Opportunities
5.3.1 Increasing Demand for Aircraft
5.4 Future Trends
5.4.1 Growing General Machinery Manufacturing Industry
5.5 Impact Analysis of Drivers and Restraints
6. Conventional Lathe Machine Market - Europe Market Analysis
6.1 Europe Conventional Lathe Machine Market Overview
6.2 Europe Conventional Lathe Machine Market Revenue Forecast and Analysis
7. Europe Conventional Lathe Machine Market Analysis - By Spindle Orientation
7.1 Overview
7.2 Europe Conventional Lathe Machine Market, By Spindle Orientation (2022 and 2028)
7.3 Horizontal
7.3.1 Overview
7.3.2 Horizontal: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Vertical
7.4.1 Overview
7.4.2 Vertical: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
8. Europe Conventional Lathe Machine Market Analysis - By Number of Axis
8.1 Overview
8.2 Europe Conventional Lathe Machine Market, By Number of Axis (2022 and 2028)
8.3 2
8.3.1 Overview
8.3.2 2: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
8.4 3
8.4.1 Overview
8.4.2 3: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9. Europe Conventional Lathe Machine Market Analysis - By End-User
9.1 Overview
9.2 Europe Conventional Lathe Machine Market, By End-User (2022 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.4 General Machinery
9.4.1 Overview
9.4.2 General Machinery: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Aerospace
9.5.1 Overview
9.5.2 Aerospace: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Electronics
9.6.1 Overview
9.6.2 Electronics: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.7 Oil & Gas
9.7.1 Overview
9.7.2 Oil & Gas: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
10. Europe Conventional Lathe Machine Market Analysis - By Lathe Type
10.1 Overview
10.2 Europe Conventional Lathe Machine Market, By lathe Type (2022 and 2028)
10.3 Universal Lathe
10.3.1 Overview
10.3.2 Universal Lathe: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
10.4 Oil Country Lathe
10.4.1 Overview
10.4.2 Oil Country Lathe: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
11. Europe Conventional Lathe Machine Market - Country Analysis
11.1 Overview
11.1.1 Europe: Conventional Lathe Machine Market, by Key Country
11.1.1.1 Germany: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Germany: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.1.2 Germany: Conventional Lathe Machine Market, by Number of Axis
11.1.1.1.3 Germany: Conventional Lathe Machine Market, by End-User
11.1.1.1.4 Germany: Conventional Lathe Machine Market, by Lathe Type
11.1.1.2 France: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 France: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.2.2 France: Conventional Lathe Machine Market, by Number of Axis
11.1.1.2.3 France: Conventional Lathe Machine Market, by End-User
11.1.1.2.4 France: Conventional Lathe Machine Market, by Lathe Type
11.1.1.3 Italy: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Italy: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.3.2 Italy: Conventional Lathe Machine Market, by Number of Axis
11.1.1.3.3 Italy: Conventional Lathe Machine Market, by End-User
11.1.1.3.4 Italy: Conventional Lathe Machine Market, by Lathe Type
11.1.1.4 UK: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 UK: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.4.2 UK: Conventional Lathe Machine Market, by Number of Axis
11.1.1.4.3 UK: Conventional Lathe Machine Market, by End-User
11.1.1.4.4 UK: Conventional Lathe Machine Market, by Lathe Type
11.1.1.5 Spain: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Spain: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.5.2 Spain: Conventional Lathe Machine Market, by Number of Axis
11.1.1.5.3 Spain: Conventional Lathe Machine Market, by End-User
11.1.1.5.4 Spain: Conventional Lathe Machine Market, by Lathe Type
11.1.1.6 Rest of Europe: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.6.2 Rest of Europe: Conventional Lathe Machine Market, by Number of Axis
11.1.1.6.3 Rest of Europe: Conventional Lathe Machine Market, by End-User
11.1.1.6.4 Rest of Europe: Conventional Lathe Machine Market, by Lathe Type
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Romi Machine Tools Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Colchester Machine Tool Solutions Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Pinacho (Metalurgica Torrent SA)
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Knuth Werkzeugmaschinen GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Optimum Maschinen GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Win Ho Technology Industrial Co Ltd
13.6.1 Key Facts
13.6.1.1 Business Description
13.6.2 Products and Services
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
13.7 Comev SpA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ITAMA Srl
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 CNC-TAKANG Co Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 GDW Werkzeugmaschinen Herzogenaurach GMBH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Summit Machine Tool LLC
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 L&L Machinery Industry Co Ltd
13.12.1 1.13.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Annn Yang Machinery Co Ltd
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Conventional Lathe Machine Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 17. UK: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 18. Spain: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 19. Spain: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 20. Spain: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 21. Spain: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Conventional Lathe Machine Market Segmentation
Figure 2. Europe Conventional Lathe Machine Market Segmentation - By Country
Figure 3. Europe Conventional Lathe Machine Market Overview
Figure 4. Europe Conventional Lathe Machine Market, by Spindle Orientation
Figure 5. Europe Conventional Lathe Machine Market, by End-User
Figure 6. Europe Conventional Lathe Machine Market, by Country
Figure 7. Europe - PEST Analysis
Figure 8. Europe Conventional Lathe Machine Market - Ecosystem Analysis
Figure 9. Europe Conventional Lathe Machine Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Conventional Lathe Machine Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Conventional Lathe Machine Market Revenue Share, By Spindle Orientation (2022 and 2028)
Figure 12. Horizontal: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 13. Vertical: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Conventional Lathe Machine Market Revenue Share, By Number of Axis (2022 and 2028)
Figure 15. 2: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. 3: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Conventional Lathe Machine Market Revenue Share, By End-User (2022 and 2028)
Figure 18. Automotive: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. General Machinery: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Aerospace: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Electronics: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Oil & Gas: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Conventional Lathe Machine Market Revenue Share, By Lathe Type (2022 and 2028)
Figure 25. Universal lathe: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Oil Country Lathe: Europe Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: Conventional Lathe Machine Market - Revenue, by Key Country (2022) (US$ Million)
Figure 28. Europe: Conventional Lathe Machine Market Revenue Share, by Key Country (2022 & 2028)
Figure 29. Germany: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. France: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Italy: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Spain: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Europe: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
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