Precision Turned Product Manufacturing Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This U.S. industry comprises establishments known as precision turned manufacturers primarily engaged in machining precision products of all materials on a job or order basis. Generally precision turned product jobs are large volume using machines, such as automatic screw machines, rotary transfer machines, computer numerically controlled (CNC) lathes, or turning centers.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Precision Turned Product Manufacturing industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Precision Turned Product Manufacturing companies in the United States.
Precision Turned Product Manufacturing Revenue by State
Distribution by Company Size
| Company Size | All Industries | Precision Turned Product Manufacturing |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Precision Turned Product Manufacturing Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Precision Turned Product Manufacturing industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
Precision turned product manufacturing | Included |
Precision turned products, automotive |
Precision turned products (CNC equip., screw mach.), excl. auto |
Precision turned product manufacturing, nsk, total |
Precision turned product mfg, nsk, nonadministrative-records |
Precision turned product mfg, nsk, administrative-records |
Salary information for employees working in the Precision Turned Product Manufacturing industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 5% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Office and Administrative Support Occupations | 11% |
| Production Occupations | 67% |
| Metal Workers and Plastic Workers | 50% |
| Computer Control Programmers and Operators | 8% |
| Computer-Controlled Machine Tool Operators, Metal and Plastic | 6% |
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 13% |
| Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 6% |
| Machinists | 18% |
| Machinists | 18% |
| Other Production Occupations | 10% |
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% |
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% |
Government Contracts
The federal government spent an annual total of
$15,763,706 on the precision turned product manufacturing industry. It has awarded 319 contracts to 116 companies, with an average value of $135,894 per company.
Top Companies in Precision Turned Product Manufacturing and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
