Industrial Design Services Revenue Benchmarks

How much does the average industrial design business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$1.6M

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$214K

per year

👤

Total Businesses

1,611

in the US

🏢

Est. Owner Income

$353K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$122K

per year (BLS)

💼

Market Saturation

0.5

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$188K
5-9 employees
$989K
10-19 employees
$4.2M
20-99 employees
$7.1M
100-499 employees
$18.8M
500+ employees
$31.7M

🏆 Highest Revenue States

1.Oregon$7.6M avg2.Mississippi$6.3M avg3.Michigan$5.0M avg4.Oklahoma$3.5M avg5.Colorado$3.2M avg6.Iowa$3.0M avg7.Massachusetts$2.1M avg8.California$2.1M avg9.Washington$2.0M avg10.Louisiana$2.0M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

14.79%

openings/year

Closure Rate

12.32%

closings/year

Net Job Growth

+0.81%

annual

Businesses Closed

3,132

in 2023

Firm Count Trend

19
20
21
22
23
27,338 firms30,758 firms

💡 Should You Start a Industrial Design Business?

Startup Cost

$10K – $75K

Break-Even

1 months

5-Year Survival Rate

60.0%

🆚 Related Industries

Offices of Lawyers$1.5MAdministrative Management and General Management Consulting Services$1.9MCustom Computer Programming Services$3.9MOffices of Certified Public Accountants$1.9MComputer Systems Design Services$4.2M

Compare Industrial Design Services revenue with other industries:

vs Officesvs Administrativevs Custom