Precision Turned Product Manufacturing – 2024 U.S. Market Research Report

Publish Date: February 2024

This 63-page market research report provides a comprehensive analysis on the $21 billion precision turned product manufacturing industry in the United States. This report covers more than 100 statistical data sets with historical trend data from 2015 to 2023, and 2024 and 2028 forecasts. The source of the data is from annual comprehensive surveys from a majority companies in the precision turned product manufacturing industry.

This report has the in-depth industry insights you are looking for as it covers market size & growth, 26 expense categories, extensive financial analysis, forecasts on 100+ data sets, inventory trends & analysis, detailed breakdown of 31 balance sheet items, numerous industry segmentations, industry concentration analysis, material costs analysis, profitability analysis, state statistics, plant capacity analysis, employee role analysis, inflation trend benchmarks, compensation analysis, employee productivity benchmarks, and numerous other data sets.

Precision Turned Product Manufacturing Report


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Report Format


The 2024 U.S. Precision Turned Product Manufacturing Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. This market research report is utilized by professionals to gain a deep understanding of the industry for business planning, forecasting, cost reduction initiatives, competitive intensity analysis, growth initiatives, financial benchmarking, plant capacity planning, market analysis, valuations, workforce optimization, sales & marketing analysis, productivity improvement initiatives, identifying operational efficiencies, wage and pay analysis, and a ton more.

Below are a few page images from the report and check out the table of contents for a complete overview.

precision turned product manufacturing market size chart

Operating expense chart for precision turned product manufacturing

Precision Turned Product Manufacturing Profit

precision turned product manufacturing BCG Matrix

Precision Turned Product Manufacturing Factory Capacity Utilization Trend

Precision Turned Product Manufacturing Workforce Benchmarks


Industry Definition


This U.S. industry includes companies 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.

NAICS Code: 332721

Total # of Companies: 3,477

Total # of Factories / Facilities: 3,554

Industry Employees: 101,407

Market Size: $21 billion

Product Lines Covered


Precision turned products (made on CNC equipment or screw machines), excluding automotive
Precision turned products, automotive
Precision turned product manufacturing, nsk, total

Table of Contents


Evaluate the table of contents of the Precision Turned Product Manufacturing Market Research Report to understand the comprehensive insights in the report and why thousands of professionals and executives count on Kentley Insights for their industry research.


1-2 – Report Overview & Contents

3 – Industry Overview
– Data Sources & Methodology
– Sector Definition & Examples

4 – Report Synopsis – Revenue & Growth

5 – Report Synopsis – Costs & Profitability

SECTION ONE
REVENUE & GROWTH

7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2015-2023
– 2024 & 2028 Forecasts

8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2015-2023
– 2024 & 2028 Forecasts

9 – Product Lines Revenue

10 – BCG Matrix – Income vs. Revenue Growth

11 – Total Industry Sales by Month & Year (2019-2023)

12 – Inventory Value by Month & Year (2019-2023)

13 – Months of Inventory (2019-2023)

14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure

15 – Market Size by State
– Market Size and Rankings

16 – Market Size as a % of State GDP

17 – Industry Sales as a % of State Manufacturing

18 – Industry Segmentation by Business Size

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies

22 – Subsector Market Share of Top 50 Companies

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Revenue per Company by State

25 – Revenue per Company by Segments

26 – Revenue per Facility by State

27 – Revenue per Facility by Segment

28 – Subsector Market Size & Growth

29 – Subsector Sales per Company & Plant

30 – 5-Year Consolidation Analysis

31 – Employment Consolidation Analysis

32 – Subsector Consolidation Analysis
– Number of Companies & Facilities

33 – Subsector Consolidation Analysis
– Facilities & Employees per Company

SECTION TWO
COST, CAPITAL & FINANCIALS

35 – Profitability & Financial Ratio Analysis

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth

37 – OPEX
– Industry OPEX Analysis
– 2015-2023 Trends, 2024 & 2028 Forecasts

38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– 2015-2023 Trends, 2024 & 2028 Forecasts
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2020-2023 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– 2015-2023 Trends, 2024 & 2028 Forecasts

45 – Employee Productivity by Segments

46 – Employee Productivity by State

47 –Subsector Sales & Payroll per Employee

48 – Industry Payroll
– Payroll per Employee, Company, & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

49 – Payroll per Company by Segments

50 – Payroll per Plant by Segments

51 – Payroll per Employee by Segments

52 – Payroll per Employee by State

53 – Employee Composition
– % of Employees for 27 Job Categories

54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown

56 – Top 20 Jobs Pay
– Pay Bands

57 – Employees per Company by Segments

58 – Employees per Plant by Segments

59 – Facilities per Company by Segments

60 – Total Employment by State

61 – Population to Every Employee by State

62 – Employees per Facility by State

63 – Overview of Kentley Insights


Data Source & Forecast Methodology


For this report, the core data is sourced from comprehensive business, operational, and economic surveys conducted by government and private institutions and filled out by a statistically significant number of companies in the precision turned product manufacturing industry. Our forecasts take into account historical trends, industry dynamics, and our macroeconomic projections.

Sample Report Download


Click on the image to download a full sample report. The 2024 Precision Turned Product Manufacturing Market Research Report has the same format and data sets.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Precision Turned Product Manufacturing Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

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Machine Shops; Turned Product; and Screw, Nut, Bolt Manufacturing
Machine Shops
Turned Product and Screw, Nut, and Bolt Manufacturing
Bolt, Nut, Screw, Rivet, and Washer Manufacturing

Industry Jobs Analyzed


Machinists
Computer Control Programmers and Operators
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic
First-Line Supervisors of Production and Operating Workers
Welding, Soldering, and Brazing Workers
Inspectors, Testers, Sorters, Samplers, and Weighers
General and Operations Managers
Office Clerks, General
Miscellaneous Assemblers and Fabricators
Shipping, Receiving, and Traffic Clerks
Miscellaneous Production Workers
Secretaries and Administrative Assistants
Sales Representatives, Wholesale and Manufacturing
Laborers and Material Movers, Hand
Industrial Machinery Installation, Repair, and Maintenance Workers
Multiple Machine Tool Setters, Operators, and Tenders, Metal and Plastic
Bookkeeping, Accounting, and Auditing Clerks
Industrial Production Managers
Mechanical Engineers
Maintenance and Repair Workers, General

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Cost of all other materials and components, parts, containers, and supplies consumed
Steel bars (including concrete reinforcing bars), bar shapes, and plate (excluding castings, forgings, and fabricated)
Iron and steel castings
Metal forgings
Machine tool accessories (including cutting tools)
Aluminum and aluminum-base alloy castings
Aluminum and aluminum-base alloy rods, bar, and pipe
Copper and copper-base alloy rod, bar, and bar shapes
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Metal bolts, nuts, screws, washers, rivets, and other screw machine products
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Aluminum and aluminum-base alloy sheet, plate, foil (including packaging products), and welded tubing
Steel sheet, steel strip, and tin mill products
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Nonferrous metal castings (excluding aluminum and aluminum-based alloy)
Steel wire and wire products
Misc. aluminum-base alloy shapes and forms, including powder

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