Global Wood Lathe Market Outlook 2022

A lathe is a machine tool which spins the workpiece to perform various operations such as cutting, sanding, knurling, drilling, or deformation with tools that are applied to the workpiece to create an object which has symmetry about an axis of rotation. Lathes perform the machining operation known as "turning." While turning, material is removed from a work piece by rotating it against a tool. Turning is a central production operation in the manufacture of many metal, plastic and wood parts. Lathes can be either manually operated or computer controlled (CNC). Lathes can have many differences, unique features and accessories to facilitate a wide range of jobs.
The simplest lathe type is the wood lathe. As the name suggests, it is designed for turning wood. Wood lathes are small machines consisting of a bed, headstock, tailstock and tool rest. Unlike with what is found on a metal-working machine, there are no precision ways since the cutting tools are moved by hand and not by machine power. A steady hand and good skill is needed to control the cutting tool to accurately turn smooth curves and complex contours on the work piece. The spindle is driven by a belt connected to a motor, and speed differentiations are made by manually moving the belt to one of many pulleys mounted to the back of the spindle.
 Lathe tools are held by hand against the work, with the support of the tool rest. The tool rest is adjustable and is clamped to the bed at a position that best suites the operation at hand.
A wood lathe machine is a machine tool that fixes a workpiece on a rotating spindle, and is usually used for machining cylindrical workpieces. General wood lathes are equipped with various special tools, which can complete inner and outer circle processing, drilling, threading, cutting groove, end surface processing, outer circle, drilling center hole, turning hole, reaming hole, turning cone, turning forming surface, knurling, coiled spring and other processing procedures. Original source from https://www.stylecnc.com, if you want to copy, please indicate the primary source: https://www.stylecnc.com/blog/wood-lathe-machine-types.html
The Wood Lathe industry can be broken down into several segments, Mini Wood Lathe, Midi Wood Lathe, etc.
Across the world, the major players cover JPW Industries, Delta Machinery, RIKON Power Tools, etc.
Global Wood Lathe key players include JPW Industries, Grizzly, Woodstock International, Axminster, Harvey Industries, etc. Global top 5 manufacturers hold a share over 20%.
North America is the largest market, with a share about 34%, followed by Asia-Pacific, has a share about 30 percent.
In terms of product, Midi Wood Lathe is the largest segment, with a share over 50%. And in terms of application, the largest application is Wood Processing Industry.

Market Analysis and Insights: Global Wood Lathe Market
The global Wood Lathe market was valued at US$ 197.3 million in 2020 and it is expected to reach US$ 247.8 million by the end of 2027, growing at a CAGR of 3.4% during 2021-2027.

Global Wood Lathe Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Wood Lathe Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Mini Wood Lathe
Midi Wood Lathe
Full Sized Wood Lathe

Segment by Application
Wood Processing
Craft
Personal Use
Others

By Company
JPW Industries
Delta Machinery
RIKON Power Tools
Laguna Tools
Teknatool International
WEN
Grizzly
Woodstock International
SCM Group
Robust Tools
Axminster
Carbatec
King Canada
Harvey Industries
Jai Industries
Binzhou COSEN CNC equipment
LingRui CNC

Production by Region
North America
Europe
China
Japan
India
Australia

Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE