Metal Precision Turned Product Manufacturing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image

New

Metal Precision Turned Product Manufacturing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Report
185 Pages
February 2025
Region: Global
TechSci Research
ID: 6054509

The Metal Precision Turned Product Manufacturing Market was valued at USD 108.5 Billion in 2024, and is expected to reach USD 153.0 Billion by 2030, rising at a CAGR of 5.83%. This market has been witnessing robust growth driven by the increasing demand for high-quality, precisely engineered components across industries such as automotive, aerospace, and medical devices. Advances in machining technologies, including CNC (Computer Numerical Control) turning and automated production processes, are enabling manufacturers to produce more accurate and cost-efficient products. Additionally, the growing trend of product customization is further propelling demand for precision-turned components, as businesses seek tailored solutions to meet specific needs.

Several key trends are shaping the market, including the rise of smart manufacturing and the adoption of Industry 4.0 technologies. Automation, digitalization, and the integration of advanced materials into manufacturing processes are enhancing operational efficiency, reducing waste, and improving product quality. The development of new alloys and materials with superior performance characteristics is also unlocking new opportunities for the metal precision turned product sector. As industries evolve, there is an increasing demand for more complex and intricate designs, further fueling the need for precision-turned products.

Despite these growth opportunities, challenges remain, particularly with high production costs and the need for skilled labor to operate advanced machinery. The complexity of manufacturing precision parts requires specialized expertise, and production errors can lead to costly delays and waste. Furthermore, the market is highly competitive, with many small and medium-sized enterprises (SMEs) struggling to keep pace with technological advancements and the growing demand for rapid production times. Addressing these challenges will be crucial to sustaining growth in the market.

Market Drivers

Rising Demand for Customization:

Customization has become a critical driver of the market, as industries increasingly require highly specialized components tailored to their needs. Sectors such as automotive and medical devices have seen a surge in demand for bespoke, precision-engineered products. Advances in manufacturing technologies are enabling cost-effective production of customized parts, further driving demand for precision-turned products.

Key Market Challenges

High Production Costs:

Precision turning involves the use of advanced machinery and skilled labor, both of which contribute to high production costs. Small and medium-sized enterprises (SMEs) often face difficulties in investing in state-of-the-art equipment and maintaining competitive pricing, which limits their ability to scale operations effectively.

Key Market Trends

Adoption of Smart Manufacturing:

Smart manufacturing is transforming the precision turning industry. The integration of Internet of Things (IoT) sensors, machine learning, and real-time data analytics is improving machine efficiency and product quality. Manufacturers are increasingly leveraging these technologies to enhance operational transparency, enable predictive maintenance, and optimize production processes.

Key Market Players:

Stanley Black & Decker Inc.
Parker Hannifin Corporation
Doosan Corporation
Sandvik AB
NSK Ltd.
FANUC Corporation
Moog Inc.
DMG MORI Co. Ltd.
Kennametal Inc.
Barnes Group Inc.
Gleason Corporation
Haas Automation Inc.

Report Scope:

This report segments the Global Metal Precision Turned Product Manufacturing Market into the following categories, in addition to outlining industry trends:

By Operation:

Manual Operation
CNC Operation

By Machine Type:

Automatic Screw Machines
Rotary Transfer Machines
CNC Machines
Lathes or Turning Centers
Other Machine Types

By End User:

Industries
Automotive
Electronics
Defense & Healthcare
Other End Users

By Region:

North America
United States
Canada
Mexico
Europe & CIS
Germany
France
U.K.
Spain
Italy
Asia-Pacific
China
Japan
India
Thailand
Indonesia
South Korea
Australia
Middle East & Africa
Turkey
South Africa
Saudi Arabia
UAE
South America
Brazil
Argentina

Competitive Landscape:

Company Profiles: Detailed analysis of the major players in the Global Metal Precision Turned Product Manufacturing Market.

Available Customizations:

TechSci Research offers the following customization options for the Global Metal Precision Turned Product Manufacturing Market report:

Company Information:

In-depth profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.

1. Introduction

1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments

4. Global Metal Precision Turned Product Manufacturing Market Outlook

4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Operation Market Share Analysis (Manual Operation and CNC Operation)
4.2.2. By Machine Types Market Share Analysis (Automatic Screw Machines, Rotary Transfer Machines, Computer Numerically Controlled (CNC), and Lathes or Turning Centers and Other Machine Types)
4.2.3. By End Use Market Share Analysis (Industries, Automobile, Electronics, Defense, and Healthcare and Other End Uses)
4.2.4. By Regional Market Share Analysis
4.2.4.1. North America Market Share Analysis
4.2.4.2. Europe & CIS Market Share Analysis
4.2.4.3. Asia-Pacific Market Share Analysis
4.2.4.4. Middle East & Africa Market Share Analysis
4.2.4.5. South America Market Share Analysis
4.2.5. By Top 5 Companies Market Share Analysis, Others (2024)
4.3. Global Metal Precision Turned Product Manufacturing Market Mapping & Opportunity Assessment
4.3.1. By Operation Market Mapping & Opportunity Assessment
4.3.2. By Machine Types Market Mapping & Opportunity Assessment
4.3.3. By End Use Market Mapping & Opportunity Assessment
4.3.4. By Regional Market Mapping & Opportunity Assessment

5. North America Metal Precision Turned Product Manufacturing Market Outlook

5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Operation Market Share Analysis
5.2.2. By Machine Types Market Share Analysis
5.2.3. By End Use Market Share Analysis
5.2.4. By Country Market Share Analysis
5.2.4.1. United States Metal Precision Turned Product Manufacturing Market Outlook
5.2.4.1.1. Market Size & Forecast
5.2.4.1.1.1. By Value
5.2.4.1.2. Market Share & Forecast
5.2.4.1.2.1. By Operation Market Share Analysis
5.2.4.1.2.2. By Machine Types Market Share Analysis
5.2.4.1.2.3. By End Use Market Share Analysis
5.2.4.2. Canada Metal Precision Turned Product Manufacturing Market Outlook
5.2.4.2.1. Market Size & Forecast
5.2.4.2.1.1. By Value
5.2.4.2.2. Market Share & Forecast
5.2.4.2.2.1. By Operation Market Share Analysis
5.2.4.2.2.2. By Machine Types Market Share Analysis
5.2.4.2.2.3. By End Use Market Share Analysis
5.2.4.3. Mexico Metal Precision Turned Product Manufacturing Market Outlook
5.2.4.3.1. Market Size & Forecast
5.2.4.3.1.1. By Value
5.2.4.3.2. Market Share & Forecast
5.2.4.3.2.1. By Operation Market Share Analysis
5.2.4.3.2.2. By Machine Types Market Share Analysis
5.2.4.3.2.3. By End Use Market Share Analysis

6. Europe & CIS Metal Precision Turned Product Manufacturing Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Operation Market Share Analysis
6.2.2. By Machine Types Market Share Analysis
6.2.3. By End Use Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. France Metal Precision Turned Product Manufacturing Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Operation Market Share Analysis
6.2.4.1.2.2. By Machine Types Market Share Analysis
6.2.4.1.2.3. By End Use Market Share Analysis
6.2.4.2. Germany Metal Precision Turned Product Manufacturing Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Operation Market Share Analysis
6.2.4.2.2.2. By Machine Types Market Share Analysis
6.2.4.2.2.3. By End Use Market Share Analysis
6.2.4.3. Spain Metal Precision Turned Product Manufacturing Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Operation Market Share Analysis
6.2.4.3.2.2. By Machine Types Market Share Analysis
6.2.4.3.2.3. By End Use Market Share Analysis
6.2.4.4. Italy Metal Precision Turned Product Manufacturing Market Outlook
6.2.4.4.1. Market Size & Forecast
6.2.4.4.1.1. By Value
6.2.4.4.2. Market Share & Forecast
6.2.4.4.2.1. By Operation Market Share Analysis
6.2.4.4.2.2. By Machine Types Market Share Analysis
6.2.4.4.2.3. By End Use Market Share Analysis
6.2.4.5. U.K. Metal Precision Turned Product Manufacturing Market Outlook
6.2.4.5.1. Market Size & Forecast
6.2.4.5.1.1. By Value
6.2.4.5.2. Market Share & Forecast
6.2.4.5.2.1. By Operation Market Share Analysis
6.2.4.5.2.2. By Machine Types Market Share Analysis
6.2.4.5.2.3. By End Use Market Share Analysis

7. Asia-Pacific Metal Precision Turned Product Manufacturing Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Operation Market Share Analysis
7.2.2. By Machine Types Market Share Analysis
7.2.3. By End Use Market Share Analysis
7.2.4. By Country Market Share Analysis
7.2.4.1. China Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.1.1. Market Size & Forecast
7.2.4.1.1.1. By Value
7.2.4.1.2. Market Share & Forecast
7.2.4.1.2.1. By Operation Market Share Analysis
7.2.4.1.2.2. By Machine Types Market Share Analysis
7.2.4.1.2.3. By End Use Market Share Analysis
7.2.4.2. Japan Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.2.1. Market Size & Forecast
7.2.4.2.1.1. By Value
7.2.4.2.2. Market Share & Forecast
7.2.4.2.2.1. By Operation Market Share Analysis
7.2.4.2.2.2. By Machine Types Market Share Analysis
7.2.4.2.2.3. By End Use Market Share Analysis
7.2.4.3. India Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.3.1. Market Size & Forecast
7.2.4.3.1.1. By Value
7.2.4.3.2. Market Share & Forecast
7.2.4.3.2.1. By Operation Market Share Analysis
7.2.4.3.2.2. By Machine Types Market Share Analysis
7.2.4.3.2.3. By End Use Market Share Analysis
7.2.4.4. Indonesia Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.4.1. Market Size & Forecast
7.2.4.4.1.1. By Value
7.2.4.4.2. Market Share & Forecast
7.2.4.4.2.1. By Operation Market Share Analysis
7.2.4.4.2.2. By Machine Types Market Share Analysis
7.2.4.4.2.3. By End Use Market Share Analysis
7.2.4.5. Thailand Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.5.1. Market Size & Forecast
7.2.4.5.1.1. By Value
7.2.4.5.2. Market Share & Forecast
7.2.4.5.2.1. By Operation Market Share Analysis
7.2.4.5.2.2. By Machine Types Market Share Analysis
7.2.4.5.2.3. By End Use Market Share Analysis
7.2.4.6. South Korea Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.6.1. Market Size & Forecast
7.2.4.6.1.1. By Value
7.2.4.6.2. Market Share & Forecast
7.2.4.6.2.1. By Operation Market Share Analysis
7.2.4.6.2.2. By Machine Types Market Share Analysis
7.2.4.6.2.3. By End Use Market Share Analysis
7.2.4.7. Australia Metal Precision Turned Product Manufacturing Market Outlook
7.2.4.7.1. Market Size & Forecast
7.2.4.7.1.1. By Value
7.2.4.7.2. Market Share & Forecast
7.2.4.7.2.1. By Operation Market Share Analysis
7.2.4.7.2.2. By Machine Types Market Share Analysis
7.2.4.7.2.3. By End Use Market Share Analysis

8. Middle East & Africa Metal Precision Turned Product Manufacturing Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Operation Market Share Analysis
8.2.2. By Machine Types Market Share Analysis
8.2.3. By End Use Market Share Analysis
8.2.4. By Country Market Share Analysis
8.2.4.1. South Africa Metal Precision Turned Product Manufacturing Market Outlook
8.2.4.1.1. Market Size & Forecast
9.2.4.1.1.1. By Value
8.2.4.1.2. Market Share & Forecast
8.2.4.1.2.1. By Operation Market Share Analysis
8.2.4.1.2.2. By Machine Types Market Share Analysis
8.2.4.1.2.3. By End Use Market Share Analysis
8.2.4.2. Saudi Arabia Metal Precision Turned Product Manufacturing Market Outlook
8.2.4.2.1. Market Size & Forecast
8.2.4.2.1.1. By Value
8.2.4.2.2. Market Share & Forecast
8.2.4.2.2.1. By Operation Market Share Analysis
8.2.4.2.2.2. By Machine Types Market Share Analysis
8.2.4.2.2.3. By End Use Market Share Analysis
8.2.4.3. UAE Metal Precision Turned Product Manufacturing Market Outlook
8.2.4.3.1. Market Size & Forecast
8.2.4.3.1.1. By Value
8.2.4.3.2. Market Share & Forecast
8.2.4.3.2.1. By Operation Market Share Analysis
8.2.4.3.2.2. By Machine Types Market Share Analysis
8.2.4.3.2.3. By End Use Market Share Analysis
8.2.4.4. Turkey Metal Precision Turned Product Manufacturing Market Outlook
8.2.4.4.1. Market Size & Forecast
8.2.4.4.1.1. By Value
8.2.4.4.2. Market Share & Forecast
8.2.4.4.2.1. By Operation Market Share Analysis
8.2.4.4.2.2. By Machine Types Market Share Analysis
8.2.4.4.2.3. By End Use Market Share Analysis

9. South America Metal Precision Turned Product Manufacturing Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Operation Market Share Analysis
9.2.2. By Machine Types Market Share Analysis
9.2.3. By End Use Market Share Analysis
9.2.4. By Country Market Share Analysis
9.2.4.1. Brazil Metal Precision Turned Product Manufacturing Market Outlook
9.2.4.1.1. Market Size & Forecast
9.2.4.1.1.1. By Value
9.2.4.1.2. Market Share & Forecast
9.2.4.1.2.1. By Operation Market Share Analysis
9.2.4.1.2.2. By Machine Types Market Share Analysis
9.2.4.1.2.3. By End Use Market Share Analysis
9.2.4.2. Argentina Metal Precision Turned Product Manufacturing Market Outlook
9.2.4.2.1. Market Size & Forecast
9.2.4.2.1.1. By Value
9.2.4.2.2. Market Share & Forecast
9.2.4.2.2.1. By Operation Market Share Analysis
9.2.4.2.2.2. By Machine Types Market Share Analysis
9.2.4.2.2.3. By End Use Market Share Analysis

10. Market Dynamics

10.1. Drivers
10.2. Challenges

11. Market Trends & Developments

12. Competitive Landscape

12.1. Company Profiles
12.1.1. Stanley Black & Decker Inc.
12.1.1.1. Company Details
12.1.1.2. Products
12.1.1.3. Financials (As Per Availability)
12.1.1.4. Key Market Focus & Geographical Presence
12.1.1.5. Recent Developments
12.1.1.6. Key Management Personnel
12.1.2. Parker Hannifin Corporation
12.1.2.1. Company Details
12.1.2.2. Products
12.1.2.3. Financials (As Per Availability)
12.1.2.4. Key Market Focus & Geographical Presence
12.1.2.5. Recent Developments
12.1.2.6. Key Management Personnel
12.1.3. Doosan Corporation
12.1.3.1. Company Details
12.1.3.2. Products
12.1.3.3. Financials (As Per Availability)
12.1.3.4. Key Market Focus & Geographical Presence
12.1.3.5. Recent Developments
12.1.3.6. Key Management Personnel
12.1.4. Sandvik AB, NSK Ltd.
12.1.4.1. Company Details
12.1.4.2. Products
12.1.4.3. Financials (As Per Availability)
12.1.4.4. Key Market Focus & Geographical Presence
12.1.4.5. Recent Developments
12.1.4.6. Key Management Personnel
12.1.5. FANUC Corporation, Moog Inc.
12.1.5.1. Company Details
12.1.5.2. Products
12.1.5.3. Financials (As Per Availability)
12.1.5.4. Key Market Focus & Geographical Presence
12.1.5.5. Recent Developments
12.1.5.6. Key Management Personnel
12.1.6. DMG MORI Co. Ltd.
12.1.6.1. Company Details
12.1.6.2. Products
12.1.6.3. Financials (As Per Availability)
12.1.6.4. Key Market Focus & Geographical Presence
12.1.6.5. Recent Developments
12.1.6.6. Key Management Personnel
12.1.7. Kennametal Inc.
12.1.7.1. Company Details
12.1.7.2. Products
12.1.7.3. Financials (As Per Availability)
12.1.7.4. Key Market Focus & Geographical Presence
12.1.7.5. Recent Developments
12.1.7.6. Key Management Personnel
12.1.8. Barnes Group Inc.
12.1.8.1. Company Details
12.1.8.2. Products
12.1.8.3. Financials (As Per Availability)
12.1.8.4. Key Market Focus & Geographical Presence
12.1.8.5. Recent Developments
12.1.8.6. Key Management Personnel
12.1.9. Gleason Corporation
12.1.9.1. Company Details
12.1.9.2. Products
12.1.9.3. Financials (As Per Availability)
12.1.9.4. Key Market Focus & Geographical Presence
12.1.9.5. Recent Developments
12.1.9.6. Key Management Personnel
12.1.10. Haas Automation Inc.
12.1.10.1. Company Details
12.1.10.2. Products
12.1.10.3. Financials (As Per Availability)
12.1.10.4. Key Market Focus & Geographical Presence
12.1.10.5. Recent Developments
12.1.10.6. Key Management Personnel

13. Strategic Recommendations/Action Plan

13.1. Key Focus Areas
13.1.1. Target Operation
13.1.2. Target Machine Types

14. About the Publisher & Disclaimer

Companies Mentioned

Stanley Black & Decker Inc.
Parker Hannifin Corporation
Doosan Corporation
Sandvik AB, NSK Ltd.
FANUC Corporation, Moog Inc.
DMG MORI Co. Ltd.
Kennametal Inc.
Barnes Group Inc.
Gleason Corporation
Haas Automation Inc.

Table Information

Report Attribute	Details
No. of Pages	185
Published	February 2025
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 108.5 Billion
Forecasted Market Value ( USD ) by 2030	$ 153 Billion
Compound Annual Growth Rate	5.8%
Regions Covered	Global
No. of Companies Mentioned	10

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4385EUR$4,500USD£3,642GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€5360EUR$5,500USD£4,451GBP