Manufacturing ·NAICS 332420

NAICS 332420 · IRS SOI 2023 · Census CBP

Metal Tank (Heavy Gauge) Manufacturing - Industry Benchmarks

$70,505/yr average annual pay, with 27 SBA loans on record for NAICS 332420.

678
Establishments
32K
Workers employed
$70,505/yr
Avg payroll / employee
$45M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 332420

Texas leads Metal Tank (Heavy Gauge) Manufacturing activity nationally, across 678 establishments employing 32K workers. IRS SOI doesn't publish margin data at this NAICS level.

678
Business establishments (Census)
32K
Workers employed (Census CBP)
$70,505/yr
Avg payroll / employee
$45M
SBA lending, FY20–26

Benchmarking Insights for Metal Tank (Heavy Gauge) Manufacturing

Metal Tank (Heavy Gauge) Manufacturing sits inside Manufacturing.

678 establishments employ 32,394 workers (47.8/location) at $70,505/yr average annual pay. Texas leads employment, followed by Pennsylvania and California.

Employment

32,394

Total employees (Census CBP)

Avg Payroll / Employee

$70,505/yr

Annual compensation

Establishments

678

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment decreased by 1,608; establishment count decreased by 30. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Workforce scale

Financial Detail

Annual Payroll (Total)
$2.3B
Avg Employees per Establishment
47.8

Top States by Employment

State Employment
Texas 4,789
Pennsylvania 1,570
California 1,493
Illinois 1,240
Kentucky 1,020
Mississippi 1,002
Indiana 929
North Carolina 757
New York 614
Louisiana 578

Showing top 10 of 40 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

27

Total Loan Volume

$45M

Avg Loan Size

$1660K

Jobs Supported

702

Program Breakdown

7(a) 17 (63%)
504 10 (37%)

Top SBA Lender

Meridian Bank

3 loans in this industry

New Business Share

11.1% of borrowers were new/startup businesses

Annual Lending Trend (6 yrs)

2020
9
2021
3
2022
3
2023
6
2024
3
2025
3

Frequently Asked Questions

How many businesses are in Metal Tank (Heavy Gauge) Manufacturing?
678 business establishments. Together they employ 32,394 workers.
What is the average payroll per employee in Metal Tank (Heavy Gauge) Manufacturing?
$70,505/yr average annual pay per employee. Businesses average 47.8 employees per establishment.
Which states have the most Metal Tank (Heavy Gauge) Manufacturing employment?
Texas leads with 4,789 workers. Pennsylvania (1,570) and California (1,493) round out the top three.
How much SBA lending does Metal Tank (Heavy Gauge) Manufacturing receive?
Metal Tank (Heavy Gauge) Manufacturing businesses received 27 SBA loans totaling $45 million between FY2020 and FY2026. The average loan size was $1660K. These loans supported 702 jobs at origination. Most lending (63%) came through the SBA 7(a) program.

Comparable industry benchmarks

These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.

How this ranks: Its Census employment total exceeds 43% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.

Closest workforce scale

Same NAICS detail level, ordered by the smallest difference in reported Census employment.

Benchmarking Metal Tank (Heavy Gauge) Manufacturing

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 332420 · Data year: 2023

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.