Employment
111,497
Total employees (Census CBP)
Manufacturing ·NAICS 33324
NAICS 33324 · IRS SOI 2023 · Census CBP
Industrial Machinery Manufacturing - Industry Benchmarks
$98,245/yr average annual pay, with 332 SBA loans on record for NAICS 33324.
- 3K
- Establishments
- 111K
- Workers employed
- $98,245/yr
- Avg payroll / employee
- $262M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 33324
Wisconsin leads Industrial Machinery Manufacturing activity nationally, across 3K establishments employing 111K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 3K
- Business establishments (Census)
- 111K
- Workers employed (Census CBP)
- $98,245/yr
- Avg payroll / employee
- $262M
- SBA lending, FY20–26
Benchmarking Insights for Industrial Machinery Manufacturing
Industrial Machinery Manufacturing sits inside Manufacturing.
2,836 establishments employ 111,497 workers (39.3/location) at $98,245/yr average annual pay. Wisconsin leads employment, followed by Ohio and Massachusetts.
Avg Payroll / Employee
$98,245/yr
Annual compensation
Establishments
2,836
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 2,522; establishment count decreased by 74. 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)
- $11.0B
- Avg Employees per Establishment
- 39.3
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Food Product Machinery Manufacturing NAICS 333241 | N/A |
| Other Industrial Machinery Manufacturing NAICS 333249 | N/A |
| Printing Machinery and Equipment Manufacturing NAICS 333244 | N/A |
| Sawmill, Woodworking, and Paper Machinery Manufacturing NAICS 333243 | N/A |
| Semiconductor Machinery Manufacturing NAICS 333242 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Wisconsin | 7,776 |
| Ohio | 7,694 |
| Massachusetts | 5,007 |
| Michigan | 4,823 |
| Illinois | 4,626 |
| New York | 4,154 |
| Minnesota | 4,026 |
| Connecticut | 3,517 |
| Georgia | 2,777 |
| North Carolina | 2,346 |
Showing top 10 of 47 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
332
Total Loan Volume
$262M
Avg Loan Size
$789K
Jobs Supported
4,060
Program Breakdown
7(a) 280 (84%)
504 52 (16%)
Top SBA Lender
The Huntington National Bank
18 loans in this industry
New Business Share
18.4% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 62
2021 61
2022 40
2023 45
2024 65
2025 54
2026 5
Frequently Asked Questions
How many businesses are in Industrial Machinery Manufacturing?
2,836 business establishments. Together they employ 111,497 workers.
What is the average payroll per employee in Industrial Machinery Manufacturing?
$98,245/yr average annual pay per employee. Businesses average 39.3 employees per establishment.
Which states have the most Industrial Machinery Manufacturing employment?
Wisconsin leads with 7,776 workers. Ohio (7,694) and Massachusetts (5,007) round out the top three.
How much SBA lending does Industrial Machinery Manufacturing receive?
Industrial Machinery Manufacturing businesses received 332 SBA loans totaling $262 million between FY2020 and FY2026. The average loan size was $789K. These loans supported 4,060 jobs at origination. Most lending (84%) 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 64% of that same 551-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 Industrial Machinery Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 2,836 establishments, 111,497 workers. Payroll benchmarks
- 332 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 33324 · 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.