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South America 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 2023-08-21 I 92 Pages I The Insight Partners
The South America conventional lathe machine market was valued at US$ 32.26 million in 2023 and is expected to reach US$ 39.44 million by 2028. It is estimated to register a CAGR of 4.1% from 2023 to 2028.
Growing Oil & Gas Industry Drive South America Conventional Lathe Machine Market
In the oil & gas industry, various components such as metallic pieces, engine shafts, sucker rods, stanchions, bolts, and nuts are used in oil drilling and exploration. Here, the lathe machine is used for the production of the above components for quick replacements if there is any equipment damage at the oil field while exploration. In addition, in oil fields, there is often a breakdown of piping systems causing machine tool manufacturers to work strategically to deal with this problem. Here, conventional lathes are used to handle very large diameter pipes as those in the drilling and conveyance sections. The constant need to repair and maintain piping and conveyance systems is increasing the demand for conventional lathe machines across oil fields. Furthermore, the growing oil exploration industry is fueling the market's growth. Thus, the growing oil & gas industry is expected to fuel the growth of the South America conventional lathe machine market.
South America Conventional Lathe Machine Market Overview
The South America conventional lathe machine market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. In vehicle manufacturing, conventional lathe machines are used to produce disc brakes, engine parts, and different parts of the vehicle. As the automotive industry is witnessing tremendous growth in the region, the need for conventional lathe machines is also rising. Governments of various countries in SAM plays a substantial role in developing the automotive industry. The increase in commercial and passenger vehicle sales in Brazil over the past decade is primarily driven by national economic growth, favorable consumer credit policies, and fiscal incentives offered by the government. According to the OICA, in 2022, motor vehicle production was ~2.96 million units, which increased by 9% compared to 2021. Furthermore, the growing EV production capabilities from leading players in the region is likely to increase the demand for conventional lathe machines in the coming years. In November 2022, BYD signed a letter of intent with the local government of Camacari, Brazil, to establish a manufacturing facility for EVs and the processing of raw battery materials. The company announced its plan to start the construction of the facility by June 2023. The manufacturing plant will have two production lines, one of which will be for raw battery materials preparation and the other for the manufacturing of electric buses and trucks. These two lines are expected to be operational by October 2024. In addition, the company also plans to construct the third production line for the manufacturing of electric cars and plug-in hybrid vehicles, which is expected to be operational by January 2025. Also, according to the Automotive Association of Peru (AAP), in Peru, the sales of hybrid and EVs increased by 151.7% in 2021 from the sales in 2020. Thus, the growing automobile production in the country is expected to fuel the growth of the South America conventional lathe machine market in SAM during the forecast period.
South America Conventional Lathe Machine Market Revenue and Forecast to 2028 (US$ Million)
South America Conventional Lathe Machine Market Segmentation
The South America conventional lathe machine market is segmented into spindle orientation, number of axis, end-user, lathe type, and country.
Based on spindle orientation, the South America conventional lathe machine market is segmented into horizontal and vertical. In 2023, the horizontal segment held the larger share of the South America conventional lathe machine market.
Based on number of axis, the South America conventional lathe machine market is segmented into 2 and 3. In 2023, the 2 segment held the larger share of the South America conventional lathe machine market.
Based on end-user, the South America 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 South America conventional lathe machine market.
Based on lathe type, the South America 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 South America conventional lathe machine market.
Based on country, the South America conventional lathe machine market is segmented into Brazil, Argentina, and the Rest of South America. In 2023, Brazil accounted for the largest share of the South America conventional lathe machine market.
CNC-TAKANG Co Ltd, Colchester Machine Tool Solutions Ltd, Knuth Werkzeugmaschinen GmbH, L&L Machinery Industry Co Ltd, Optimum Maschinen GmbH, and Romi Machine Tools Ltd are the leading companies operating in the South America 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. South America Conventional Lathe Machine Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America 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 - South America Market Analysis
6.1 South America Conventional Lathe Machine Market Overview
6.2 South America Conventional Lathe Machine Market Revenue Forecast and Analysis
7. South America Conventional Lathe Machine Market Analysis - By Spindle Orientation
7.1 Overview
7.2 South America Conventional Lathe Machine Market, By Spindle Orientation (2022 and 2028)
7.3 Horizontal
7.3.1 Overview
7.3.2 Horizontal: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Vertical
7.4.1 Overview
7.4.2 Vertical: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
8. South America Conventional Lathe Machine Market Analysis - By Number of Axis
8.1 Overview
8.2 South America Conventional Lathe Machine Market, By Number of Axis (2022 and 2028)
8.3 2
8.3.1 Overview
8.3.2 2: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
8.4 3
8.4.1 Overview
8.4.2 3: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9. South America Conventional Lathe Machine Market Analysis - By End-User
9.1 Overview
9.2 South America Conventional Lathe Machine Market, By End-User (2022 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.4 General Machinery
9.4.1 Overview
9.4.2 General Machinery: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Aerospace
9.5.1 Overview
9.5.2 Aerospace: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Electronics
9.6.1 Overview
9.6.2 Electronics: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.7 Oil & Gas
9.7.1 Overview
9.7.2 Oil & Gas: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
10. South America Conventional Lathe Machine Market Analysis - By Lathe Type
10.1 Overview
10.2 South America Conventional Lathe Machine Market, By lathe Type (2022 and 2028)
10.3 Universal Lathe
10.3.1 Overview
10.3.2 Universal Lathe: South America 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: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
11. South America Conventional Lathe Machine Market - Country Analysis
11.1 Overview
11.1.1 South America: Conventional Lathe Machine Market, by Key Country
11.1.1.1 Brazil: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.1.2 Brazil: Conventional Lathe Machine Market, by Number of Axis
11.1.1.1.3 Brazil: Conventional Lathe Machine Market, by End-User
11.1.1.1.4 Brazil: Conventional Lathe Machine Market, by Lathe Type
11.1.1.2 Argentina: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.2.2 Argentina: Conventional Lathe Machine Market, by Number of Axis
11.1.1.2.3 Argentina: Conventional Lathe Machine Market, by End-User
11.1.1.2.4 Argentina: Conventional Lathe Machine Market, by Lathe Type
11.1.1.3 Rest of South America: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of South America: Conventional Lathe Machine Market, By Spindle Orientation
11.1.1.3.2 Rest of South America: Conventional Lathe Machine Market, by Number of Axis
11.1.1.3.3 Rest of South America: Conventional Lathe Machine Market, by End-User
11.1.1.3.4 Rest of South America: 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 Knuth Werkzeugmaschinen GmbH
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 Optimum Maschinen 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 CNC-TAKANG Co Ltd
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 L&L Machinery Industry Co Ltd
13.6.1 1.13.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. South America Conventional Lathe Machine Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South America: Conventional Lathe Machine Market, By Spindle Orientation - Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America: Conventional Lathe Machine Market, by Number of Axis - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South America: Conventional Lathe Machine Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South America: Conventional Lathe Machine Market, by Lathe Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Conventional Lathe Machine Market Segmentation
Figure 2. South America Conventional Lathe Machine Market Segmentation - By Country
Figure 3. South America Conventional Lathe Machine Market Overview
Figure 4. South America Conventional Lathe Machine Market, by Spindle Orientation
Figure 5. South America Conventional Lathe Machine Market, by End-User
Figure 6. South America Conventional Lathe Machine Market, by Country
Figure 7. South America - PEST Analysis
Figure 8. South America Conventional Lathe Machine Market - Ecosystem Analysis
Figure 9. South America Conventional Lathe Machine Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Conventional Lathe Machine Market Revenue Forecast and Analysis (US$ Million)
Figure 11. South America Conventional Lathe Machine Market Revenue Share, By Spindle Orientation (2022 and 2028)
Figure 12. Horizontal: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 13. Vertical: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. South America Conventional Lathe Machine Market Revenue Share, By Number of Axis (2022 and 2028)
Figure 15. 2: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. 3: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Conventional Lathe Machine Market Revenue Share, By End-User (2022 and 2028)
Figure 18. Automotive: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. General Machinery: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Aerospace: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Electronics: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Oil & Gas: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. South America Conventional Lathe Machine Market Revenue Share, By Lathe Type (2022 and 2028)
Figure 25. Universal lathe: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Oil Country Lathe: South America Conventional Lathe Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. South America: Conventional Lathe Machine Market - Revenue, by Key Country (2022 & 2028)
Figure 28. South America: Conventional Lathe Machine Market Revenue Share, by Key Country (2022 & 2028)
Figure 29. Brazil: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Argentina: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of South America: Conventional Lathe Machine Market - Revenue and Forecast to 2028 (US$ Million)
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