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Lathe Machine Market Analysis and Competitive Landscape Forecast by 2031 | #lathe Machine

Lathe Machine Market Analysis and Competitive Landscape Forecast by 2031

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.