At 4.1% CAGR, the South America Conventional Lathe Machine Market is projected to be worth US$ 39.44 million by 2028, says Business Market Insights

According to Business Market Insights research, the South America conventional lathe machine market was valued at US$ 32.26 million in 2023 and is expected to reach US$ 39.44 million by 2028, registering a CAGR of 4.1% from 2023 to 2028. Increasing production of automotive vehicles and growing oil & gas industry are the critical factors attributed to the South America conventional lathe machine market expansion.               

The automobile industry is a pillar of the economy. The growing automotive industry is boosting the demand for conventional lathe machines to produce different parts of vehicles, such as engines, transmissions, brake discs, and other components. Also, the machines are used for the production of brake discs. Moreover, the machine is used to develop electric hand brakes and power windows in vehicles. Hence, the growing production of automotive vehicles is boosting the growth of the South America conventional lathe machine market.  

On the contrary, rising demand for CNC lathe machines hurdles the growth of South America conventional lathe machine market.

Based on spindle orientation, the South America conventional lathe machine market is segmented into horizontal and vertical. The horizontal segment held 86.3% share of the South America conventional lathe machine market in 2023, amassing US$ 27.86 million. It is projected to garner US$ 34.34 million by 2028 to expand at 4.3% CAGR during 2023–2028.

Based on number of axis, the South America conventional lathe machine market is segmented into 2 and 3. The 2 segment held 55.0% share of South America conventional lathe machine market in 2023, amassing US$ 17.73 million. It is projected to garner US$ 20.96 million by 2028 to expand at 3.4% CAGR during 2023–2028.  

Based on end-user, the South America conventional lathe machine market is segmented into automotive, general machinery, aerospace, electronics, oil & gas, others. The automotive segment held 41.8% share of South America conventional lathe machine market in 2023, amassing US$ 13.49 million. It is projected to garner US$ 17.12 million by 2028 to expand at 4.9% CAGR during 2023–2028.  

Based on lathe type, the South America conventional lathe machine market is segmented into universal lathe and oil country lathe. The universal lathe segment held 80.8% share of South America conventional lathe machine market in 2023, amassing US$ 26.08 million. It is projected to garner US$ 32.26 million by 2028 to expand at 4.3% CAGR during 2023–2028.  

Based on country, the South America conventional lathe machine market is segmented into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 49.7% share of South America conventional lathe machine market in 2023. It was assessed at US$ 16.03 million in 2023 and is likely to hit US$ 20.26 million by 2028, exhibiting a CAGR of 4.8% during the forecast period.  

Key players profiles in the South America conventional lathe machine market report CNC-TAKANG Co Ltd, Colchester Machine Tool Solutions Ltd, Knuth Werkzeugmaschinen GmbH, L&L Machinery Industry Co Ltd, Optimum Maschinen GmbH, and Romi Machine Tools Ltd, among others.

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