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2025 U.S. Industry Statistics & Market Forecast - Precision Turned Product Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Precision Turned Product Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Precision Turned Product Manufacturing industry include:- Increased automation and robotics adoption
- Shift towards high-precision manufacturing
- Integration of IoT for equipment and process monitoring
- Growing demand for electric vehicle components
- Rising material costs and supply chain disruptions
- Expanding applications in aerospace and defense
- Enhanced focus on sustainability and reducing environmental impact
- Adoption of advanced materials like superalloys and composites
- Shortening product lifecycle and need for rapid prototyping
- Increasing investments in CNC technology
- Stricter quality standards and regulatory compliance
- Expansion into emerging markets
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Precision Turned Product Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Precision Turned Product Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Precision Turned Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 10% | |||
| Production Occupations | 65% | |||
| Metal Workers and Plastic Workers | 38% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 12% | |||
| Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 5% | |||
| Machinists | 16% | |||
| Machinists | 16% | |||
| Other Production Occupations | 18% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 9% | |||
| Computer Numerically Controlled Tool Operators | 8% | |||
Precision Turned Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Precision Turned Product Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Precision Turned Product Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Precision Turned Product Manufacturing industry. |
Source:
Latest Industry News
- Fujimi: A Buy Despite The 25% Reciprocal Tariffs On Japan - Fujimi possesses diversification strength and is more profitable than a competitor. Click here to find out why FUJXF stock is a Buy. (07/10/2025)
- Medical Device Manufacturers Accelerate R&D and Speed to Market via Live Prototyping - Rapid prototyping has historically been offered in the medical device manufacturing arena to help accelerate development timelines, test designs, and iterate improvements. But "rapid" prototyping still can take engineering teams weeks or months to complete. (07/10/2025)
- Stratasys Celebrates 10 Years of the Fortus 450mc 3D Printer With Launch of Factory-Floor-Ready Additive Manufacturing Solution - Designed for customers who demand durability, precision, and repeatability, the Fortus 450mc printer has proven its value across aerospace, automotive, and other general industrial sectors. Manufacturers worldwide utilize the system to create high-strength jigs, (07/09/2025)
- AI Vision vs. Legacy Machine Vision: Why Manufacturers Are Making the Switch for Quality Control - AI-powered vision systems are revolutionizing manufacturing quality control with lower costs, faster deployment and greater flexibility compared to traditional legacy machine (07/08/2025)
- Fujifilm to set up manufacturing center - Fujifilm Group, through its Business Innovation division, announced Tuesday the establishment of a Circular Manufacturing Center (CMC) at FUJIFILM Optics (07/08/2025)
- Vericut Icam Suite V26 achieves precision with intelligent postprocessing - Smarter automation and deeper integration features support composites manufacturers’ abilities to configure and control postprocessing technologies. (07/03/2025)
- Why Indonesia holds such appeal for businesses looking to manufacture outside of China - Indonesia has caught the attention of entrepreneurs seeking a new high-end manufacturing base where they can tap into traditional (07/02/2025)
- Laser-assisted cold spray: A new generation of innovative manufacturing technology - The Center for Industrial Photonics (CIP) at the Institute for Manufacturing (IfM) has developed an additive manufacturing technique—laser-assisted cold spray (LACS). (07/02/2025)
- Beverage-makers turn to advanced inspection equipment for product safety - The X-ray inspection equipment market continues to grow as manufacturers employ latest technology to protect today’s food and beverage products. (06/30/2025)
- Advanced robotic vision systems: A game changer for precision tasks - Advanced robotic vision systems are redefining the capabilities of automation in performing precision tasks. By equipping robots with the ability to perceive and adapt to their environments, these systems are unlocking previously impossible levels of efficiency, accuracy and versatility. (06/30/2025)
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