Precision Turned Product Manufacturing
Key Figures
Figures are published for NAICS 332721 directly.
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Official definition
This U.S. industry comprises establishments known as precision turned manufacturers primarily engaged in machining precision products of all materials on a job or order basis. Generally precision turned product jobs are large volume using machines, such as automatic screw machines, rotary transfer machines, computer numerically controlled (CNC) lathes, or turning centers.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Precision turned product manufacturers machine precision components from all materials using lathes, automatic screw machines, or rotary transfer equipment, typically for large volume jobs ordered by customers. The boundary with bolt, nut, screw, rivet, and washer manufacturing turns on the process and end product: establishments using specialized forming machines like headers and threaders to produce fasteners are classified in Bolt, Nut, Screw, Rivet, and Washer Manufacturing, while those using turning and lathe-based machining to produce precision turned products of any type belong in this code.