Hardware Manufacturing in Michigan
Revenue benchmarks for hardware manufacturing businesses operating in Michigan.
#12 of 50 states+36.1% vs national avg
Average Revenue
$21.2M
per year
Businesses
30
in Michigan
Revenue / Employee
$236K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.3
firms per 100K in MI
Total Revenue
$635.5M
all firms in MI
Total Employees
2,692
in MI
How Michigan Compares
National Average$15.6M
Michigan$21.2M
Difference+$5.6M (+36.1%)