Varieties

The smallest lathes are "jewelers lathes" or "watchmaker lathes", which are small enough that they may be held in one hand. The workpieces machined on a jeweler's lathes are metal, jeweler's lathes can be used with hand-held "graver" tools or with compound rests that attach to the lathe bed. Graver tools are generally supported by a T-rest, not fixed to a cross slide or compound rest. The work is usually held in a collet. Common spindle bore sizes are 6 mm, 8 mm and 10 mm. The term W/W refers to the Webster/Whitcomb collet and lathe, invented by the American Watch Tool Company of Waltham, Massachusetts. Most lathes commonly referred to as watchmakers lathes are of this design. In 1909, the American Watch Tool company introduced the Magnus type collet (a 10-mm body size collet) using a lathe of the same basic design, the Webster/Whitcomb Magnus. (F.W.Derbyshire, Inc. retains the trade names Webster/Whitcomb and Magnus and still produces these collets.) Two bed patterns are common: the WW (Webster Whitcomb) bed, a truncated triangular prism (found only on 8 and 10 mm watchmakers' lathes); and the continental D-style bar bed (used on both 6 mm and 8 mm lathes by firms such as Lorch and Star). Other bed designs have been used, such a triangular prism on some Boley 6.5 mm lathes, and a V-edged bed on IME's 8 mm lathes.

Lathes of this size that are designed for mass manufacture, but not offering the versatile screw-cutting capabilities of the engine or bench lathe, are referred to as "second operation" lathes.

Lathes with a very large spindle bore and a chuck on both ends of the spindle are called "oil field lathes".
Fully automatic mechanical lathes, employing cams and gear trains for controlled movement, are called screw machines.
Lathes that are controlled by a computer are CNC lathes.

Lathes with the spindle mounted in a vertical configuration, instead of horizontal configuration, are called vertical lathes or vertical boring machines. They are used where very large diameters must be turned, and the workpiece (comparatively) is not very long.

A lathe with a cylindrical tailstock that can rotate around a vertical axis, so as to present different tools towards the headstock (and the workpiece) are turret lathes.
A lathe equipped with indexing plates, profile cutters, spiral or helical guides, etc., so as to enable ornamental turning is an ornamental lathe.

Various combinations are possible: for example, a vertical lathe have CNC as well (such as a CNC VTL).
Lathes can be combined with other machine tools, such as a drill press or vertical milling machine. These are usually referred to as combination lathes.