Employment
29,290
Total employees (Census CBP)
Manufacturing ·NAICS 332510
NAICS 332510 · IRS SOI 2023 · Census CBP
Hardware Manufacturing - Industry Benchmarks
$65,693/yr average annual pay, with 71 SBA loans on record for NAICS 332510.
- 532
- Establishments
- 29K
- Workers employed
- $65,693/yr
- Avg payroll / employee
- $63M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 332510
California leads Hardware Manufacturing activity nationally, across 532 establishments employing 29K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 532
- Business establishments (Census)
- 29K
- Workers employed (Census CBP)
- $65,693/yr
- Avg payroll / employee
- $63M
- SBA lending, FY20–26
Benchmarking Insights for Hardware Manufacturing
Hardware Manufacturing sits inside Manufacturing.
532 establishments employ 29,290 workers (55.1/location) at $65,693/yr average annual pay. California leads employment, followed by Wisconsin and Texas.
Avg Payroll / Employee
$65,693/yr
Annual compensation
Establishments
532
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 1,285; establishment count decreased by 18. 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)
- $1.9B
- Avg Employees per Establishment
- 55.1
Top States by Employment
| State | Employment |
|---|---|
| California | 2,523 |
| Wisconsin | 1,428 |
| Texas | 1,012 |
| North Carolina | 926 |
| Florida | 818 |
| Maine | 50 |
Showing top 10 of 41 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
71
Total Loan Volume
$63M
Avg Loan Size
$882K
Jobs Supported
1,008
Program Breakdown
7(a) 61 (86%)
504 10 (14%)
Top SBA Lender
The Huntington National Bank
6 loans in this industry
New Business Share
16.9% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 9
2021 10
2022 9
2023 11
2024 14
2025 17
2026 1
Frequently Asked Questions
How many businesses are in Hardware Manufacturing?
532 business establishments. Together they employ 29,290 workers.
What is the average payroll per employee in Hardware Manufacturing?
$65,693/yr average annual pay per employee. Businesses average 55.1 employees per establishment.
Which states have the most Hardware Manufacturing employment?
California leads with 2,523 workers. Wisconsin (1,428) and Texas (1,012) round out the top three.
How much SBA lending does Hardware Manufacturing receive?
Hardware Manufacturing businesses received 71 SBA loans totaling $63 million between FY2020 and FY2026. The average loan size was $882K. These loans supported 1,008 jobs at origination. Most lending (86%) 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 41% 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.
- Outdoor Power Equipment Stores 29,187
- Charter Bus Industry 29,436
- Seafood Product Preparation and Packaging 29,132
Benchmarking Hardware Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 532 establishments, 29,290 workers. Payroll benchmarks
- 71 SBA loans on record. SBA lending rankings
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 332510 · 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.
Read our methodology - how this data is sourced, computed, and verified.
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.