CNC Crankshaft Lathes Market was valued at USD 0.87 Billion in 2022 and is projected to reach USD 1.55 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
Throughout 2018 to 2022, the market was characterized by a steady upward trajectory in both the number of units sold and technological improvements in CNC crankshaft lathes. Innovations in automation, better material handling systems, and enhanced control systems, like those integrating AI and machine learning for predictive maintenance, played a key role in boosting market performance. These advancements have significantly reduced downtime, improved efficiency, and allowed manufacturers to achieve tighter tolerances, a crucial factor for industries like automotive and aerospace.
As we look ahead to the demand forecast for 2023 to 2033, there are a few emerging trends that will shape the CNC crankshaft lathes market. The growing demand for electric vehicles (EVs) presents both challenges and opportunities for the market. While the shift towards EVs may reduce demand for traditional crankshafts, the increasing need for high-precision components for electric motors and batteries could offset this decline. Furthermore, the global push towards sustainability is pushing manufacturers to adopt eco-friendly machining practices, which will likely drive innovation in energy-efficient CNC machines.
Demand from emerging economies, particularly in the Asia-Pacific region, is also expected to rise. With rapid industrialization, particularly in countries like China and India, the need for high-quality, efficient manufacturing tools will increase. Moreover, the growing demand for automation and precision in the manufacturing of critical components across multiple sectors is poised to drive the market forward. This shift to automation and Industry 4.0 practices will also create a more robust and efficient CNC crankshaft lathes market, as manufacturers look for solutions that can meet complex production needs.
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The CNC Crankshaft Lathes Market has witnessed significant growth from 2018 to 2022, driven by advancements in machining technologies, increasing demand for high-precision automotive parts, and evolving industrial requirements. The demand for CNC crankshaft lathes during this period was primarily fueled by the automotive sector, which requires high-precision machining for manufacturing crankshafts used in internal combustion engines. Additionally, industries like aerospace and heavy machinery also contributed to this demand, as manufacturers sought precision tools to meet complex production standards.
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Doosan Machine Tools
Niles-Simmons Industrieanl
Ningbo Gongtie Precision Machinery Co.
Ltd.
Rafamet
Hegenscheidt-MFD
Crankshaft Machine Company
Ellison Technologies
Ingersoll CM Systems
MechanicalJungle
Etxetar
Komatsu NTC Ltd.
Makino
Gebr. Heller Maschinenfabrik GmbH
AMC-SCHOU
Qiqihar Heavy Cnc Equipment Corporation Limited
JTEKT Corporation
Yamazaki Mazak
DMG Mori Seiki
Haas Automation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global CNC Crankshaft Lathes Market
Automobile
Ship
Engineering Machinery
Other
Based on Types the Market is categorized into Below types that held the largest CNC Crankshaft Lathes market share In 2023.
Horizontal Type
Vertical Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global CNC Crankshaft Lathes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global CNC Crankshaft Lathes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global CNC Crankshaft Lathes Market, By Type
6. Global CNC Crankshaft Lathes Market, By Application
7. Global CNC Crankshaft Lathes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global CNC Crankshaft Lathes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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