Press release
Primary Catalyst Driving Precision Turned Product Manufacturing Market Evolution in 2025: Impact Of Growing Aerospace Industry On The Precision Turned Product Manufacturing Market Driver
Precision Turned Product Manufacturing Market
The expansion of the aerospace sector is anticipated to catalyze the development of the precision-turned product manufacturing market. This industry encompasses the processes of designing, manufacturing, and maintaining aircraft, spacecraft, and associated systems. The escalating worldwide investments in military aircraft and defense mechanisms to strengthen national security and counter emerging threats are accelerating the growth of the aerospace sector. The precision-turned product manufacturing is pivotal in crafting superior components within strict tolerances, crucial for the safety and performance of aerospace systems. These precision-turned products enhance the overall efficiency and functionality of aerospace systems contributing to its smoother functioning, greater fuel efficiency, and reduced maintenance requirements. For example, the Aerospace Industries Association, a trade organization based in the US, reported in November 2022 that the aerospace sector's revenue in 2021 saw an increment of 2.1% to $892 billion. Moreover, aerospace and defense exports observed an impressive growth of 11.2% reaching $100.4 billion between 2020 and 2021. Thus, this expansion of the aerospace industry is fueling the growth of the precision-turned product manufacturing market.
Get Your Precision Turned Product Manufacturing Market Report Here:
https://www.thebusinessresearchcompany.com/report/precision-turned-product-manufacturing-global-market-report
What is the future CAGR of the precision turned product manufacturing market, and how will it impact industry expansion?
The market size of precision turned product manufacturing has significantly increased in the past few years. A rise from $102.97 billion in 2024 to $110.33 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%, is forecasted for this market. Factors such as increased demand for high-precision components, globalization and outsourcing, material innovation, and a focus on cost efficiency have contributed to this historical growth.
The market for precision turned product manufacturing is anticipated to witness significant growth in the forthcoming years, swelling to $143.26 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. This improvised growth during the forecast period can be accredited to factors like the surge in demand for sustainable manufacturing, swift prototyping, additive manufacturing, supply chain robustness, adherence to regulations and industry norms. Key trends that are set to shape the forecast period encompass digital revolution, incorporation of additive manufacturing, customisation and individualisation, and the focus on reshoring and localisation.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14776&type=smp
What are the most significant trends transforming the precision turned product manufacturing market today?
Leading firms in the precision turned product manufacturing industry are creating innovative solutions such as a 2-axis vertical turning lathe to guarantee supreme machining standards and unprecedented precision. The 2-axis vertical turning lathe, also known as a vertical turret lathe (VTL), is a kind of machine tool utilized for machining cylindrical pieces. As an example, WIDMA Machining Solutions, an enterprise based in India specializing in metalworking tools, debuted their VT850 vertical turning lathe in November 2023. This precision tool is used for various operations like turning, drilling, and threading on sizeable workpieces. The VT850 is built with heavily ribbed FEA (Finite Element Analysis)-optimized structures made out of FG300 cast iron, which increases rigidity and suppresses vibration during operations. This tool was engineered to augment the firm's standard product line, quicken turnaround time for clients, and guarantee consistent functioning. Moreover, the VT850 stands out due to its double row cylindrical roller bearing, which improves the spindle's stiffness and rigidity.
Which key market segments comprise the precision turned product manufacturing market and drive its revenue growth?
The precision turned product manufacturing market covered in this report is segmented -
1) By Type: Automatic Screw Machines, Rotary Transfer Machines, Computer Numerically Controlled (CNC), Lathes Or Turning Centers
2) By Operation: Manual Operation, CNC Operation
3) By End User: Automobile, Electronics, Defense, Healthcare
Subsegments:
1) By Automatic Screw Machines: Single-Spindle Automatic Screw Machines, Multi-Spindle Automatic Screw Machines
2) By Rotary Transfer Machines: Horizontal Rotary Transfer Machines, Vertical Rotary Transfer Machines
3) By Computer Numerically Controlled (CNC): CNC Lathes, CNC Milling Machines, CNC Grinding Machines
4) By Lathes Or Turning Centers: Horizontal Turning Centers, Vertical Turning Centers
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14776
What regions are at the forefront of precision turned product manufacturing market expansion?
North America was the largest region in the precision turned product manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision turned product manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the precision turned product manufacturing market?
Major companies operating in the precision turned product manufacturing market are 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., Tsugami Corporation, Hardinge Inc., Tompkins Products Inc., Hurco Companies Inc., Tornos Holding AG, Creed Monarch, Greystone of Lincoln, Brother Industries Ltd., Mahr GmbH, Alpha Grainger Mfg, Herker Industries, Hydromat Inc., Swiss Precision Machining Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14776&type=smp
What Is Covered In The Precision Turned Product Manufacturing Global Market Report?
•Market Size Forecast: Examine the precision turned product manufacturing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the precision turned product manufacturing market for a structured understanding.
•Key Players Overview: Analyze major players in the precision turned product manufacturing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the precision turned product manufacturing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the precision turned product manufacturing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the precision turned product manufacturing market.
•Industry Challenges: Identify potential risks and obstacles affecting the precision turned product manufacturing market.
•Competitive Landscape: Review strategic developments in the precision turned product manufacturing market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Primary Catalyst Driving Precision Turned Product Manufacturing Market Evolution in 2025: Impact Of Growing Aerospace Industry On The Precision Turned Product Manufacturing Market Driver here
News-ID: 3917264 • Views: …
More Releases from The Business Research Company
Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
More Releases for Machines
Sewing Machines (Industrial Sewing Machines) Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Sewing Machines (Industrial Sewing Machines) Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
Sewing Machines (Industrial Sewing Machines) Market Analysis and Latest Market Trends
The sewing machines (industrial sewing machines) market is subject to continuous analysis…
Kuntai Machinery Announces Durable and High-Quality Lamination Machines, Die Cut …
Kuntai Machinery introduces exceptional and reliable lamination, die cutting, bronzing and other machines to help businesses improve their production process.
Kuntai Machinery has not stopped at just being a supplier of lamination machines, die cutting machines, bronzing machines and other machines, but has also established itself as a leader in the industry by constantly innovating and improving their products. The factory has released a number of new machines and all of…
Global Computer Numerical Control Market By Type: Lathe Machines, Milling Machin …
According to the latest research by SkyQuest Technology, the Global Computer Numerical Control Size was valued at US$ 86.83 billion in 2021, and it is expected to reach a value of US$ 140.5 billion by 2028, at a CAGR of 6.9% over the forecast period (2022 - 2028). The research provides up-to-date Computer Numerical Control market analysis of the current market landscape, latest trends, drivers, and overall market environment. …
Professional Coffee Machine Market Potential growth, attractive valuation make i …
(September 2020): WMR’s Latest Study on “Professional Coffee Machine Market” report 2020-2027 provides an overview of the current market situation, competitive analysis, product scope, market research, opportunities, driving force, and market risks. The report contains a market forecast to 2027 related to market size, Consumption, gross margin, price, revenue, production, CAGR, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers…
Packaging Machinery Market by Machine Type (Filling Machines, FFS (form, fill an …
Consumers in the beauty sector not only look for sustainable ingredients but also demand for attractive and convenient packaging. In addition, with rising disposable income, consumers in the beauty sector are increasingly adopting branded and high quality cosmetics, thereby fueling the cosmetics packaging machinery market growth.
Packaging Machinery Market Report, published by Allied Market Research, projects that the global market size was valued at $39,647 million in 2016 and is projected…
Innovation In Packaging Machinery Market By Machine Type (Filling Machines, FFS …
The global market report is a systematic research of the global Packaging Machinery Market portraying the current state of affairs in the market. It projects the market development for the upcoming years. The report evaluates various aspects of the market influencing its expansions as well as the volume of the global Packaging Machinery Market industry. The report highlights the determined vendor overview of the market along with the summary of…
