Global Lathe Machines Industry Forecast: USD 12.53 Bn Valuation by 2030
The Lathe Machines market has witnessed significant growth, with a valuation of USD 11.06 billion in 2023. Looking ahead, the market is expected to grow at a CAGR of 1.8%, reaching USD 12.53 billion by 2030. This increase can be attributed to factors such as technological innovations in lathe machines, particularly the rise of CNC technologies, as well as the expanding global manufacturing sector, which continues to drive the need for advanced machining tools.
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