The Precision Machined Products Industry
The precision machined products industry consists of a diversified manufacturing base producing highly engineered components to customer specifications using a variety of materials such as: steel, stainless steel, aluminum, brass, plastics and various aerospace and medical grade metallic alloys.
Utilizing the latest technology, including CNC turning and milling centers, rotary transfer machines, CNC and automatic screw machines, these companies produce complex parts and complete assemblies for finished goods such as: automobiles, aircraft, heavy truck, medical devices, appliances, construction equipment and much more. The industry is best described statistically under NAICS 332721.
Industry Statistics
| Companies: | 3,198 |
| Employees: | 78,070 |
| Dollar Value of Shipments: | $12,724,421,000 |
| Average Shipments per Employee: | 162,987 |