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2025 U.S. Industry Statistics & Market Forecast - Hardware Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Hardware Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Hardware Manufacturing industry include:- Increased automation and robotics use
- Rising raw material costs
- Shift towards renewable energy sources
- Greater emphasis on sustainability and recyclability
- Integration of IoT for smart manufacturing
- Expansion of 3D printing technologies
- Growing demand for edge computing
- Heightened cybersecurity measures
- Supply chain localization and diversification
- Increased R&D investments in emerging technologies
- Adoption of artificial intelligence and machine learning
- Expansion into new markets through global trade agreements
- Heightened regulatory standards and compliance requirements
- Increased focus on customer-centric innovation
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Hardware Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Hardware Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Hardware Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 59% | |||
| Assemblers and Fabricators | 11% | |||
| Miscellaneous Assemblers and Fabricators | 8% | |||
| Metal Workers and Plastic Workers | 29% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
| Machinists | 8% | |||
| Machinists | 8% | |||
| Welding, Soldering, and Brazing Workers | 8% | |||
| Welders, Cutters, Solderers, and Brazers | 8% | |||
| Other Production Occupations | 14% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 5% | |||
| Transportation and Material Moving Occupations | 6% | |||
Hardware Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Hardware Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Hardware Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Hardware Manufacturing industry. |
Source:
Latest Industry News
- Scientists unlock key manufacturing challenge for next-generation optical chips - Researchers at the University of Strathclyde have developed a new method for assembling ultra-small, light-controlling devices, paving the way for scalable manufacturing of advanced optical systems used in quantum technologies, (07/08/2025)
- Southeast Asia needn't take sides in US-China tech rivalry. It can learn from both, experts say - As China and the U.S. compete in artificial intelligence, Southeast Asia should draw from the best of both, panelists said at CNBC’s East Tech West conference. (07/08/2025)
- Vellix: Elevating Spaces with Thoughtfully Engineered Furniture Hardware - In the intricate world of furniture hardware, where every hinge, slide, and fitting plays a silent but essential role in our daily lives, one brand is rising above the noise with its purpose-driven approach and India-first design thinking: Vellix. (07/05/2025)
- Israeli quantum startup Qedma just raised $26M, with IBM joining in - Qedma specializes in error mitigation software. Its main piece of software, QESEM, analyzes noise patterns to suppress some classes of errors while the algorithm is running and mitigate others in post-processing. (07/03/2025)
- Blockchain infrastructure driving semiconductor demand - TSMC's fourth-quarter profits jumped 57% to $11.4 billion, and while most analysts credit AI chip demand, there's another force quietly reshaping semiconductor markets. Blockchain infrastructure is creating demand patterns that extend far beyond cryptocurrency mining - we're seeing measurable pressure across multiple chip categories that most observers haven't connected yet. (07/03/2025)
- How Killing Solar Tax Credits Could Hand Victory to China in the Global AI & Manufacturing Race - By Jason Steinberg, CEO of Scanifly The most critical issue for the next century is who will lead AI. A secondary item, at least per the current US (07/02/2025)
- Dbrand Blames Killswitch Switch 2 Case Fiasco On A Manufacturing Defect, Fix Inbound - Accessory maker Dbrand has narrowed down the issue afflicting its latest Killswitch protective case, and will be implementing a fix next month. (06/25/2025)
- The importance of superior hardware on end-user satisfaction and efficiency - In today's rapidly evolving technological landscape, where consumer expectations are ever-changing, the integration of superior hardware into products is crucial for enhancing reliability, efficiency, (06/24/2025)
- Red Cat Partners with ESAero to Support Manufacturing for Teal's Black Widow™ - Red Cat and ESAero recognize the importance of strong partnerships within America’s industrial base to meet the critical production needs of the warfighter. By combining Teal’s core technology with ESAero’s proven ability to scale production of advanced systems, Black Widow will be well positioned to be deployed rapidly and reliably. (05/27/2025)
- Should You Buy or Sell Apple (AAPL) Stock After Trump's Manufacturing Ultimatum? - Trump’s fresh threat of a 25 % tariff on every iPhone made outside the United States has knocked almost $70 billion off Apple’s market value in two trading days, and it has added a new headache just when OpenAI’s $6.5 billion purchase of Jony Ive’s hardware startup “io” signals a serious challenge to Apple’s design dominance. (05/27/2025)
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