Employment
102,699
Total employees (Census CBP)
Manufacturing ·NAICS 332721
NAICS 332721 · IRS SOI 2023 · Census CBP
Precision Turned Product Manufacturing - Industry Benchmarks
$62,880/yr average annual pay, with 154 SBA loans on record for NAICS 332721.
- 4K
- Establishments
- 103K
- Workers employed
- $62,880/yr
- Avg payroll / employee
- $135M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 332721
Michigan leads Precision Turned Product Manufacturing activity nationally, across 4K establishments employing 103K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 4K
- Business establishments (Census)
- 103K
- Workers employed (Census CBP)
- $62,880/yr
- Avg payroll / employee
- $135M
- SBA lending, FY20–26
Benchmarking Insights for Precision Turned Product Manufacturing
Precision Turned Product Manufacturing sits inside Manufacturing.
3,897 establishments employ 102,699 workers (26.4/location) at $62,880/yr average annual pay. Michigan leads employment, followed by California and Ohio.
Avg Payroll / Employee
$62,880/yr
Annual compensation
Establishments
3,897
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 646; establishment count decreased by 42. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $6.5B
- Avg Employees per Establishment
- 26.4
Top States by Employment
| State | Employment |
|---|---|
| Michigan | 11,491 |
| California | 9,424 |
| Ohio | 9,251 |
| Illinois | 9,200 |
| Texas | 5,715 |
| Wisconsin | 5,011 |
| New York | 4,794 |
| Pennsylvania | 4,614 |
| Connecticut | 3,970 |
| Indiana | 3,730 |
Showing top 10 of 48 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
154
Total Loan Volume
$135M
Avg Loan Size
$874K
Jobs Supported
2,138
Program Breakdown
7(a) 114 (74%)
504 40 (26%)
Top SBA Lender
The Huntington National Bank
16 loans in this industry
New Business Share
15.6% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 29
2021 30
2022 25
2023 25
2024 25
2025 19
2026 1
Frequently Asked Questions
How many businesses are in Precision Turned Product Manufacturing?
3,897 business establishments. Together they employ 102,699 workers.
What is the average payroll per employee in Precision Turned Product Manufacturing?
$62,880/yr average annual pay per employee. Businesses average 26.4 employees per establishment.
Which states have the most Precision Turned Product Manufacturing employment?
Michigan leads with 11,491 workers. California (9,424) and Ohio (9,251) round out the top three.
How much SBA lending does Precision Turned Product Manufacturing receive?
Precision Turned Product Manufacturing businesses received 154 SBA loans totaling $135 million between FY2020 and FY2026. The average loan size was $874K. These loans supported 2,138 jobs at origination. Most lending (74%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 73% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Precision Turned Product Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 3,897 establishments, 102,699 workers. Payroll benchmarks
- 154 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 332721 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.