Lathe Steady Rest Market Report 2024 (Global Edition)

Global Lathe Steady Rest Market Report 2024 Market Size Split by by type, by By Application (Lightweight Bench Engine Lathes, Precision Tool Room Lathes, Gap Lathes), by Conclusion

Lathe Steady Rest Market Report Description

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Lathe Steady Rest Market Insights Video

Competitive Landscape of the Lathe Steady Rest Market

In the competitive landscape of the Lathe Steady Rest market, manufacturers and suppliers compete to provide innovative solutions that meet the varying needs of businesses that require precision machining equipment. Kitagawa Europe, SMW-Autoblok, Ladner, Rohm GmbH Sontheim, and MT Srl are market leaders known for producing high-quality, steady rests and providing dependable customer support. To stay ahead of the competition, these key manufacturers frequently invest in research and development, introducing sophisticated features such as self-centering mechanisms, adjustable arms, and increased durability

In September 2023, ATS paid $195 million for Avidity Science, a company that provides water purifying technology for biomedical research and life sciences. (Source: https://www.pehub.com/ats-corp-to-acquire-shoreview-backed-avidity-science-for-195m/#:~:text=ATS%20Corp%20to%20acquire%20ShoreView%2Dbacked%20Avidity%20Science%20for%20%24195m,-Avidity%20Science%20is&text=ATS%20Corp%20has%20agreed%20to,million%20(C%24265%20million).) November 2021: Röhm employed 54 people with disabilities at its locations in Sontheim, St. Georgen, and Dillingen (in addition to the new project). This amount represents 5.4% of the company's current workforce in Germany, a total of 994 employees. In total, the clamping and gripping technology specialist employs approximately 1,300 people worldwide. (Source: https://www.roehm.biz/en/news/news/single-view/roehm-startet-sozial-projekt-inklusion-statt-exklusion0/)

Top Companies Market Share in Lathe Steady Rest Industry: (In no particular order of Rank)

• Kitagawa Europe
• SMW-Autoblok
• Ladner
• Rohm GmbH Sontheim
• MT Srl
• Geminis Lathes
• Surelia Industries
• Uintah Machine
• Atling
• Gurutzpe
• Oneway Manufacturing
• Herkules
• Banka Machine
• Jsway CNC
• CMZ Company
• ATS Systems
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Lathe Steady Rest Market

Which Region Dominates the Lathe Steady Rest Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to factors such as industry concentration, advanced technology adoption, and a focus on precise engineering. Furthermore, the need for high-quality complete machining equipment in North America has grown, increasing its market share.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Lathe Steady Rest market due to several compelling reasons. Some of the factors driving the growth of the Asia Pacific Lathe Steady Rest Market are the region's growing industrialization, an increase in manufacturing activity, and the rapid use of modern machining technology. Furthermore, the presence of significant growing economies like China and India as manufacturing hubs has boosted demand and supply of lathe steady rests in the region.

 

The current report Scope analyzes Lathe Steady Rest Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Lathe Steady Rest

According to Cognitive Market Research, the global Lathe Steady Rest market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Lathe Steady Rest market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. The US market is known for its advanced manufacturing capabilities.
• The Canada Lathe Steady Rest market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The demand for lathe steady rest systems in Canada is driven by industries such as aerospace, automotive, and metalworking.
• The Mexico Lathe Steady Rest market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.

Europe Lathe Steady Rest

According to Cognitive Market Research, the global Lathe Steady Rest market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.

• The United Kingdom Lathe Steady Rest market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. In the UK, Lathe Steady Rest sales witness an upswing due to the country's strong focus on precision engineering and advanced manufacturing practices.
• The France Lathe Steady Rest market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Lathe Steady Rest market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. In Germany, Lathe Steady Rest sales surged due to the country's renowned engineering prowess and emphasis on precision manufacturing.
• The Italy Lathe Steady Rest market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Lathe Steady Rest market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Lathe Steady Rest market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Lathe Steady Rest market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Lathe Steady Rest market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Lathe Steady Rest market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Lathe Steady Rest market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Lathe Steady Rest

According to Cognitive Market Research, the global Lathe Steady Rest market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Lathe Steady Rest market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Lathe Steady Rest sales surge in China due to the country's rapid industrial growth, technological advancements, and focus on precision manufacturing.
• The Japan Lathe Steady Rest market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.
• The India Lathe Steady Rest market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. The Lathe Steady Rest market in India is also rising as the country's industrial sector expands and its emphasis on precise engineering increases.
• The South Korea Lathe Steady Rest market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD XX million in 2024.
• The Australia Lathe Steady Rest market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Lathe Steady Rest market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Lathe Steady Rest market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD XX million in 2024.

South America Lathe Steady Rest

According to Cognitive Market Research, the global Lathe Steady Rest market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Lathe Steady Rest market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Lathe Steady Rest sales flourish in Brazil due to the country's expanding industrial sector and the increasing demand for precision machining solutions..
• Argentina Lathe Steady Rest market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. The growth in the Lathe Steady Rest market in Argentina reflects the country's focus on technological advancement and its efforts to enhance productivity and quality in the manufacturing industry.
• Colombia Lathe Steady Rest market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024.
• Peru Lathe Steady Rest market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD XX million in 2024.
• Chile Lathe Steady Rest market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Lathe Steady Rest market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Lathe Steady Rest

According to Cognitive Market Research, the global Lathe Steady Rest market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The GCC Countries Lathe Steady Rest market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD XX million in 2024. Lathe Steady Rest sales flourish due to the increasing demand for precision machining tools.
• The Egypt Lathe Steady Rest market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Lathe Steady Rest market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD XX million in 2024. Lathe Steady Rest sales flourish in South Africa due to the growing industrial sector and the increasing demand for precision machining tools.
• The Turkey Lathe Steady Rest market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Lathe Steady Rest market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA Lathe Steady Rest market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.

Lathe Steady Rest Market Analysis

Lathe Steady Rest Market Type Segment Analysis

According to Cognitive Market Research, the Chuck Steady Rest segment dominates the Lathe Steady Rest Market. Chuck Steady Rests find major applications in lathes because of the possibility of supporting long workpieces and giving stability during machining operations. They are versatile and widely favored for being able to hold many shapes and sizes of workpieces securely.

Hydraulic Steady Rests are the market's fastest expanding sector. Such firm rests use hydraulic pressure to adjust and hold workpieces, allowing for greater church and flexibility in lathe operations. The growing demand for modern hydraulic steady rests with features such as automated adjustments and better precision help to drive the rapid expansion of this sector in the Lathe Steady Rest Market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lathe Steady Rest Industry. Request a Free Sample PDF!

Lathe Steady Rest Market Application Segment Analysis

According to Cognitive Market Research, Precision Tool Room Lathes is the leading market segment. Precision Tool Room Lathes excels at accuracy and sensitive machining operations in most sectors that require a high level of precision and quality. These lathes' sophisticated features and precision make them ideal for a variety of applications requiring accurate machining operations.

Lightweight bench engine lathes are the fastest-growing market segment. Lathes are in high demand due to their versatility, small size, and user-friendly design. The Lightweight Bench Engine Lathes market is being driven by increased demand for lightweight bench engine lathes for smaller-scale projects and workshop applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Lathe Steady Rest market report 2024 Edition by contacting our team.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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