Metal Precision Turned Product Manufacturing Market - Global Industry Size, Share, Trends, Opportunity, And Forecast, Segmented By Operation, Machine Types, End Use, By Region & Competition, 2020-2030F
The Global Metal Precision Turned Product Manufacturing Market was valued at USD 108.5 billion in 2024 and is projected to reach USD 153.0 billion by 2030, with a compound annual growth rate (CAGR) of 5.83% during the forecast period. 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.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 108.5 Billion
Market Size 2030
USD 153.0 Billion
CAGR 2025-2030
5.83%
Fastest Growing Segment
CNC Operation
Largest Market
Asia-Pacific
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).
Table of Contents
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