Global Precision Engine Lathes Market Growth 2025-2031

The global Precision Engine Lathes market size is predicted to grow from US$ 13360 million in 2025 to US$ 17250 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

A Precision Engine Lathe is a high-accuracy machine tool used for shaping metal, wood, or other materials by rotating a workpiece against a cutting tool. It is designed for fine machining tasks requiring tight tolerances, smooth finishes, and detailed craftsmanship. Precision engine lathes are commonly used in manufacturing, tool-making, and repair shops for producing shafts, threads, and complex components. These lathes typically feature precise spindle bearings, finely calibrated lead screws, and advanced controls to ensure accurate cutting, drilling, and turning operations.

United States market for Precision Engine Lathes is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Precision Engine Lathes is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Precision Engine Lathes is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Precision Engine Lathes players cover Haas Automation, Lagun Engineering, Hardinge, Cincinnati Milling Machine, Hurco Companies, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Precision Engine Lathes Industry Forecast” looks at past sales and reviews total world Precision Engine Lathes sales in 2024, providing a comprehensive analysis by region and market sector of projected Precision Engine Lathes sales for 2025 through 2031. With Precision Engine Lathes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precision Engine Lathes industry.

This Insight Report provides a comprehensive analysis of the global Precision Engine Lathes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Precision Engine Lathes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Precision Engine Lathes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precision Engine Lathes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Precision Engine Lathes.

This report presents a comprehensive overview, market shares, and growth opportunities of Precision Engine Lathes market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Manual Precision Engine Lathes
CNC Precision Engine Lathes

Segmentation by Application:
Industrial Machinery
Automotive
Medical Device Manufacturing
Defense & Military
Aerospace
Oil & Gas
Electronics & Semiconductor
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Haas Automation
Lagun Engineering
Hardinge
Cincinnati Milling Machine
Hurco Companies
Milltronics
KNUTH Machine Tools
Standard Modern
WEILER Werkzeugmaschinen
TRUMPF
Colchester Machine Tool
Shun Chuan Precision Machinery
Takamatsu Machinery
Takisawa Machine Tool
DMG MORI
Okuma
Mazak
AMADA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Precision Engine Lathes market?

What factors are driving Precision Engine Lathes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Precision Engine Lathes market opportunities vary by end market size?

How does Precision Engine Lathes break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.