Employment
23,991
Total employees (Census CBP)
Manufacturing ·NAICS 333515
NAICS 333515 · IRS SOI 2023 · Census CBP
Cutting Tool and Machine Tool Accessory Manufacturing - Industry Benchmarks
$67,765/yr average annual pay, with 69 SBA loans on record for NAICS 333515.
- 1K
- Establishments
- 24K
- Workers employed
- $67,765/yr
- Avg payroll / employee
- $38M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 333515
Michigan leads Cutting Tool and Machine Tool Accessory Manufacturing activity nationally, across 1K establishments employing 24K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 1K
- Business establishments (Census)
- 24K
- Workers employed (Census CBP)
- $67,765/yr
- Avg payroll / employee
- $38M
- SBA lending, FY20–26
Benchmarking Insights for Cutting Tool and Machine Tool Accessory Manufacturing
Cutting Tool and Machine Tool Accessory Manufacturing sits inside Manufacturing.
1,060 establishments employ 23,991 workers (22.6/location) at $67,765/yr average annual pay. Michigan leads employment, followed by Illinois and California.
Avg Payroll / Employee
$67,765/yr
Annual compensation
Establishments
1,060
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 538; establishment count decreased by 34. 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)
- $1.6B
- Avg Employees per Establishment
- 22.6
Top States by Employment
| State | Employment |
|---|---|
| Michigan | 3,439 |
| Illinois | 1,941 |
| California | 1,892 |
| Wisconsin | 1,194 |
| New York | 893 |
| Minnesota | 779 |
| Texas | 750 |
| Connecticut | 519 |
| Florida | 391 |
| Kansas | 198 |
Showing top 10 of 40 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
69
Total Loan Volume
$38M
Avg Loan Size
$550K
Jobs Supported
517
Program Breakdown
7(a) 62 (90%)
504 7 (10%)
Top SBA Lender
The Huntington National Bank
12 loans in this industry
New Business Share
24.6% of borrowers were new/startup businesses
Annual Lending Trend (6 yrs)
2020 7
2021 14
2022 13
2023 8
2024 16
2025 11
Frequently Asked Questions
How many businesses are in Cutting Tool and Machine Tool Accessory Manufacturing?
1,060 business establishments. Together they employ 23,991 workers.
What is the average payroll per employee in Cutting Tool and Machine Tool Accessory Manufacturing?
$67,765/yr average annual pay per employee. Businesses average 22.6 employees per establishment.
Which states have the most Cutting Tool and Machine Tool Accessory Manufacturing employment?
Michigan leads with 3,439 workers. Illinois (1,941) and California (1,892) round out the top three.
How much SBA lending does Cutting Tool and Machine Tool Accessory Manufacturing receive?
Cutting Tool and Machine Tool Accessory Manufacturing businesses received 69 SBA loans totaling $38 million between FY2020 and FY2026. The average loan size was $550K. These loans supported 517 jobs at origination. Most lending (90%) 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 35% 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 Cutting Tool and Machine Tool Accessory Manufacturing
- No margin data, check the parent industry. Browse Manufacturing
- 1,060 establishments, 23,991 workers. Payroll benchmarks
- 69 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 333515 · 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.