Musical Instrument Manufacturing in Tennessee
Revenue benchmarks for musical instrument manufacturing businesses operating in Tennessee.
#5 of 50 states+97.2% vs national avg
Average Revenue
$9.5M
per year
Businesses
27
in Tennessee
Revenue / Employee
$294K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.4
firms per 100K in TN
Total Revenue
$255.9M
all firms in TN
Total Employees
871
in TN
How Tennessee Compares
National Average$4.8M
Tennessee$9.5M
Difference+$4.7M (+97.2%)