Hardware Manufacturing Revenue Benchmarks
How much does the average hardware manufacturing business make? Here are revenue benchmarks based on Census Bureau data.
Average Revenue
$15.6M
per year
Profit Margin
10.0%
industry average
Revenue / Employee
$266K
per year
Total Businesses
509
in the US
Est. Owner Income
$1.6M
small business avg
Labor Cost
22.0%
of revenue
Avg Employee Wage
$74K
per year (BLS)
Market Saturation
0.2
firms per 100K people
💰 Average Revenue by Business Size
1-4 employees
$574K
5-9 employees
$1.6M
10-19 employees
$3.6M
20-99 employees
$11.1M
100-499 employees
$40.9M
500+ employees
$128.7M
📊 Industry Dynamics (Census BDS 2023)
New Business Rate
7.92%
openings/year
Closure Rate
5.94%
closings/year
Net Job Growth
-0.12%
annual
Businesses Closed
24
in 2023
Firm Count Trend
19
20
21
22
23
523 firms458 firms
💡 Should You Start a Hardware Manufacturing Business?
Startup Cost
$50K – $250K
Break-Even
1 months
5-Year Survival Rate
50.0%
🆚 Related Industries
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