Cutting Tool and Machine Tool Accessory Manufacturing Revenue Benchmarks
How much does the average cutting tool and machine tool accessory manufacturing business make? Here are revenue benchmarks based on Census Bureau data.
Average Revenue
$6.5M
per year
Profit Margin
10.0%
industry average
Revenue / Employee
$282K
per year
Total Businesses
1,021
in the US
Est. Owner Income
$654K
small business avg
Labor Cost
22.0%
of revenue
Avg Employee Wage
$72K
per year (BLS)
Market Saturation
0.3
firms per 100K people
💰 Average Revenue by Business Size
1-4 employees
$494K
5-9 employees
$1.5M
10-19 employees
$3.7M
20-99 employees
$10.0M
100-499 employees
$47.5M
500+ employees
$80.3M
📊 Industry Dynamics (Census BDS 2023)
New Business Rate
3.4%
openings/year
Closure Rate
5.76%
closings/year
Net Job Growth
-0.19%
annual
Businesses Closed
276
in 2023
Firm Count Trend
19
20
21
22
23
5,800 firms5,234 firms
💡 Should You Start a Cutting Tool and Machine Tool Accessory Manufacturing Business?
Startup Cost
$50K – $250K
Break-Even
3 months
5-Year Survival Rate
50.0%
🆚 Related Industries
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