Lathe Machine Market Analysis and Competitive Landscape Forecast by 2031
The global lathe machine market is projected to grow from US$ 22.45 billion in 2023 to US$ 33.76 billion by 2031, expanding at a CAGR of 5.4% between 2023 and 2031. This growth is attributed to increasing demand for precision manufacturing and the shift toward Industry 4.0 technologies.
