Precision Turned Product Manufacturing Market Size, Share, and Trends 2025 to 2034

The global precision turned product manufacturing market size is calculated at USD 115.39 billion in 2025 and is forecasted to reach around USD 196.11 billion by 2034, accelerating at a CAGR of 6.07% from 2025 to 2034. Asia Pacific market size surpassed USD 47.32 billion in 2024 and is expanding at a CAGR of 6.19% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : July 2025  |  Report Code : 6333  |  Category : Machinery and Equipment  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Precision Turned Product Manufacturing Market 

5.1. COVID-19 Landscape: Precision Turned Product Manufacturing Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Precision Turned Product Manufacturing Market, By Product Type

8.1. Precision Turned Product Manufacturing Market Revenue and Volume, by Product Type

8.1.1. Precision Shafts & Pins

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Threaded Components (screws, bolts, nuts)

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Bushings & Bearings

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Fittings & Connectors

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Gears & Splines

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Custom Precision Components

8.1.6.1. Market Revenue and Volume Forecast

Chapter 9. Global Precision Turned Product Manufacturing Market, By Material

9.1. Precision Turned Product Manufacturing Market Revenue and Volume, by Material

9.1.1. Metals

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Plastics & Composites

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Precision Turned Product Manufacturing Market, By Manufacturing Process 

10.1. Precision Turned Product Manufacturing Market Revenue and Volume, by Manufacturing Process

10.1.1. CNC Turning

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Conventional Turning

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Multi-Axis Turning          

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Swiss-Type Turning

10.1.4.1. Market Revenue and Volume Forecast

Chapter 11. Global Precision Turned Product Manufacturing Market, By End-Use Industry

11.1. Precision Turned Product Manufacturing Market Revenue and Volume, by End-Use Industry

11.1.1. Automotive

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Aerospace & Defense

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Medical Devices & Equipment

11.1.3.1. Market Revenue and Volume Forecast

11.1.4. Electronics & Electrical   

11.1.4.1. Market Revenue and Volume Forecast

11.1.5. Industrial Machinery & Equipment

11.1.5.1. Market Revenue and Volume Forecast

11.1.6. Oil & Gas

11.1.6.1. Market Revenue and Volume Forecast

11.1.7. Energy & Power Generation

11.1.7.1. Market Revenue and Volume Forecast

Chapter 12. Global Precision Turned Product Manufacturing Market, By Size of Component

12.1. Precision Turned Product Manufacturing Market Revenue and Volume, by Size of Component

12.1.1. Small Components (<50 mm)

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Medium Components (50–200 mm)

12.1.2.1. Market Revenue and Volume Forecast

12.1.3. Large Components (>200 mm)

12.1.3.1. Market Revenue and Volume Forecast

Chapter 13. Global Precision Turned Product Manufacturing Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Product Type

13.1.2. Market Revenue and Volume Forecast, by Material

13.1.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.1.4. Market Revenue and Volume Forecast, by End-Use Industry

13.1.5. Market Revenue and Volume Forecast, by Size of Component

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Product Type

13.1.6.2. Market Revenue and Volume Forecast, by Material

13.1.6.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.1.6.4. Market Revenue and Volume Forecast, by End-Use Industry

13.1.6.5. Market Revenue and Volume Forecast, by Size of Component  

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Product Type

13.1.7.2. Market Revenue and Volume Forecast, by Material

13.1.7.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.1.7.4. Market Revenue and Volume Forecast, by End-Use Industry

13.1.7.5. Market Revenue and Volume Forecast, by Size of Component

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Product Type

13.2.2. Market Revenue and Volume Forecast, by Material

13.2.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.2.4. Market Revenue and Volume Forecast, by End-Use Industry  

13.2.5. Market Revenue and Volume Forecast, by Size of Component  

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Product Type

13.2.6.2. Market Revenue and Volume Forecast, by Material

13.2.6.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.2.7. Market Revenue and Volume Forecast, by End-Use Industry  

13.2.8. Market Revenue and Volume Forecast, by Size of Component  

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Product Type

13.2.9.2. Market Revenue and Volume Forecast, by Material

13.2.9.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.2.10. Market Revenue and Volume Forecast, by End-Use Industry

13.2.11. Market Revenue and Volume Forecast, by Size of Component

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Product Type

13.2.12.2. Market Revenue and Volume Forecast, by Material

13.2.12.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.2.12.4. Market Revenue and Volume Forecast, by End-Use Industry

13.2.13. Market Revenue and Volume Forecast, by Size of Component

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Product Type

13.2.14.2. Market Revenue and Volume Forecast, by Material

13.2.14.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.2.14.4. Market Revenue and Volume Forecast, by End-Use Industry

13.2.15. Market Revenue and Volume Forecast, by Size of Component

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Product Type

13.3.2. Market Revenue and Volume Forecast, by Material

13.3.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.3.4. Market Revenue and Volume Forecast, by End-Use Industry

13.3.5. Market Revenue and Volume Forecast, by Size of Component

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Product Type

13.3.6.2. Market Revenue and Volume Forecast, by Material

13.3.6.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.3.6.4. Market Revenue and Volume Forecast, by End-Use Industry

13.3.7. Market Revenue and Volume Forecast, by Size of Component

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Product Type

13.3.8.2. Market Revenue and Volume Forecast, by Material

13.3.8.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.3.8.4. Market Revenue and Volume Forecast, by End-Use Industry

13.3.9. Market Revenue and Volume Forecast, by Size of Component

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Product Type

13.3.10.2. Market Revenue and Volume Forecast, by Material

13.3.10.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.3.10.4. Market Revenue and Volume Forecast, by End-Use Industry

13.3.10.5. Market Revenue and Volume Forecast, by Size of Component

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Product Type

13.3.11.2. Market Revenue and Volume Forecast, by Material

13.3.11.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.3.11.4. Market Revenue and Volume Forecast, by End-Use Industry

13.3.11.5. Market Revenue and Volume Forecast, by Size of Component

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Product Type

13.4.2. Market Revenue and Volume Forecast, by Material

13.4.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.4.4. Market Revenue and Volume Forecast, by End-Use Industry

13.4.5. Market Revenue and Volume Forecast, by Size of Component

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Product Type

13.4.6.2. Market Revenue and Volume Forecast, by Material

13.4.6.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.4.6.4. Market Revenue and Volume Forecast, by End-Use Industry

13.4.7. Market Revenue and Volume Forecast, by Size of Component

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Product Type

13.4.8.2. Market Revenue and Volume Forecast, by Material

13.4.8.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.4.8.4. Market Revenue and Volume Forecast, by End-Use Industry

13.4.9. Market Revenue and Volume Forecast, by Size of Component

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Product Type

13.4.10.2. Market Revenue and Volume Forecast, by Material

13.4.10.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.4.10.4. Market Revenue and Volume Forecast, by End-Use Industry

13.4.10.5. Market Revenue and Volume Forecast, by Size of Component

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Product Type

13.4.11.2. Market Revenue and Volume Forecast, by Material

13.4.11.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.4.11.4. Market Revenue and Volume Forecast, by End-Use Industry

13.4.11.5. Market Revenue and Volume Forecast, by Size of Component

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Product Type

13.5.2. Market Revenue and Volume Forecast, by Material

13.5.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.5.4. Market Revenue and Volume Forecast, by End-Use Industry

13.5.5. Market Revenue and Volume Forecast, by Size of Component

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Product Type

13.5.6.2. Market Revenue and Volume Forecast, by Material

13.5.6.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.5.6.4. Market Revenue and Volume Forecast, by End-Use Industry

13.5.7. Market Revenue and Volume Forecast, by Size of Component

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Product Type

13.5.8.2. Market Revenue and Volume Forecast, by Material

13.5.8.3. Market Revenue and Volume Forecast, by Manufacturing Process

13.5.8.4. Market Revenue and Volume Forecast, by End-Use Industry

13.5.8.5. Market Revenue and Volume Forecast, by Size of Component

Chapter 14. Company Profiles

14.1. Kennametal Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Shiloh Industries, Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Star Micronics Co., Ltd.

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Hexagon AB

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Eichenberger Gewinde AG

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Swagelok Company

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Honsberg GmbH

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. BorgWarner Inc.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Amphenol Corporation

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Bharat Forge Limited

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global precision turned product manufacturing market is expected to increase from USD 108.79 billion in 2024 to USD 196.11 billion by 2034.

The precision turned product manufacturing market is expected to grow at a compound annual growth rate (CAGR) of around 6.07% from 2025 to 2034.

The major players in the precision turned product manufacturing market include Sandvik AB, Kennametal Inc, Mitsubishi Materials Corporation, GKN plc, IMI Precision Engineering, Shiloh Industries, Inc, Schunk Group, Preci-Dip SA, Thomas & Betts Corporation (A member of ABB), JTEKT Corporation, Kongsberg Gruppen ASA , Star Micronics Co., Ltd., Hexagon AB, Eichenberger Gewinde AG, Precision Castparts Corp., Honsberg GmbH, Swagelok Company, BorgWarner Inc., Amphenol Corporation, and Bharat Forge Limited.

The driving factors of the precision turned product manufacturing market are the industries like automotive, aerospace, electronics, and healthcare rely on precision-turned parts for critical functions, driving further market growth. 

Asia Pacific region will lead the global precision turned product manufacturing market during the forecast period 2025 to 2034.

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