Musical Instrument Manufacturing Revenue Benchmarks

How much does the average musical instrument manufacturing business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$4.8M

per year

💰

Profit Margin

10.0%

industry average

📈

Revenue / Employee

$254K

per year

👤

Total Businesses

592

in the US

🏢

Est. Owner Income

$481K

small business avg

💵

Labor Cost

22.0%

of revenue

👥

Avg Employee Wage

$59K

per year (BLS)

💼

Market Saturation

0.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$286K
5-9 employees
$1.2M
10-19 employees
$2.7M
20-99 employees
$7.0M
100-499 employees
$46.9M
500+ employees
$194.4M

🏆 Highest Revenue States

1.Maryland$14.4M avg2.Minnesota$13.2M avg3.Pennsylvania$11.2M avg4.New York$10.5M avg5.Tennessee$9.5M avg6.California$8.1M avg7.Montana$5.9M avg8.Ohio$5.5M avg9.Indiana$5.1M avg10.North Carolina$3.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

8.5%

openings/year

Closure Rate

8.47%

closings/year

Net Job Growth

+2.27%

annual

Businesses Closed

1,017

in 2023

Firm Count Trend

19
20
21
22
23
13,384 firms13,107 firms

💡 Should You Start a Musical Instrument Manufacturing Business?

Startup Cost

$50K – $250K

Break-Even

4 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Machine Shops$3.2MCommercial Printing (except Screen and Books)$5.8MRetail Bakeries$1.8MWood Kitchen Cabinet and Countertop Manufacturing$3.3MSign Manufacturing$2.9M

Compare Musical Instrument Manufacturing revenue with other industries:

vs Machinevs Commercialvs Retail