NAICS 332216 Quarterly Industry Report
Saw Blade and Handtool Manufacturing
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 332216Sector: 33Updated: Q1 2026
About This Report
This industry profile for Saw Blade and Handtool Manufacturing (NAICS 332216) draws on data from the U.S. Census Bureau[6], Bureau of Labor Statistics[11], and SBA size standards database[8]. Published by Fair Market Value and updated quarterly, it provides valuation professionals, tool industry analysts, and manufacturing sector investors with current market data. All quantitative claims are sourced to publicly verifiable databases.
Industry Snapshot
Key metrics for the saw blade and handtool manufacturing industry.
Industry Definition & Overview
Saw Blade and Handtool Manufacturing (NAICS 332216) encompasses establishments primarily engaged in manufacturing saw blades for manual and power sawing machines and nonpowered hand tools per the U.S. Census Bureau[5]. Activities include circular saw blade production, band saw blade manufacturing, reciprocating saw blade fabrication, wrench and plier forging, hammer and striking tool production, screwdriver manufacturing, garden tool fabrication, and precision measuring tool production.
Saw blade manufacturers produce circular, band, reciprocating, and specialty blades using high-speed steel, carbide-tipped, and diamond-segment technologies for woodworking, metalworking, masonry, and demolition applications. Handtool manufacturing forges, stamps, and machines wrenches, pliers, hammers, screwdrivers, and specialty tools for professional trade, industrial, and consumer markets. Per Census Bureau[6] data, over 920 establishments employ roughly 27,200 workers generating more than $6.3 billion in annual revenue with payroll exceeding $1.4 billion. Import competition totaling over $4.6 billion annually from China, Taiwan, and Germany has pressured domestic producers to focus on professional-grade quality, ergonomic innovation, and brand loyalty programs. U.S. exports reach roughly $2.4 billion per International Trade Administration[7] data, with domestic manufacturers maintaining competitive positions in premium professional tool segments.
Per the SBA Table of Size Standards[8], the size standard is 750 employees. OSHA[9] enforces safety standards for forging, grinding, and heat treatment operations in tool manufacturing facilities. The CPSC[10] regulates consumer handtool safety standards and recall procedures.
What's Included in This Industry
- Circular saw blade production
- Band saw blade manufacturing
- Reciprocating and jigsaw blade fabrication
- Wrench and socket manufacturing
- Plier and cutting tool forging
- Hammer and striking tool production
- Screwdriver manufacturing
- Garden and landscaping tool fabrication
- Precision measuring instrument production
- Carbide-tipped and diamond blade manufacturing
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Subsector | Fabricated Metal Product Manufacturing | 332 |
| Industry Group | Cutlery and Handtool Manufacturing | 3322 |
| NAICS Industry | Cutlery and Handtool Manufacturing | 33221 |
| National Industry | Saw Blade and Handtool Manufacturing | 332216 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 332215 | Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing | Metal Kitchen Cookware, Utensil, Cutlery, and Flatware Manufacturing shares blade forging, heat treatment, and grinding technologies with saw blade and handtool production for kitchen cutlery and carving tools |
| 333991 | Power-Driven Handtool Manufacturing | Power-Driven Handtool Manufacturing produces electric and pneumatic tools that use saw blades manufactured in this classification, with power tool companies specifying blade mounting, tooth geometry, and performance standards for compatible accessories |
| 332119 | Metal Crown, Closure, and Other Metal Stamping (except Automotive) | Metal Crown, Closure, and Other Metal Stamping provides stamping and forming processes used in handtool manufacturing for producing wrench blanks, plier components, and sheet metal tool housings |
| 332111 | Iron and Steel Forging | Iron and Steel Forging produces forged tool blanks for wrenches, pliers, and striking tools where drop forging creates the grain structure and strength required for professional-grade hand tool applications |
| 333517 | Machine Tool Manufacturing | Machine Tool Manufacturing produces metalcutting machines that both use saw blades as consumable tooling and serve as production equipment in saw blade and handtool manufacturing facilities |
| 423710 | Hardware Merchant Wholesalers | Hardware Merchant Wholesalers distributes handtools and saw blades through wholesale channels to hardware retailers, industrial distributors, and professional tool dealers serving trade and consumer markets |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | California | 13.3% | 108 |
| 2 | Illinois | 7.8% | 63 |
| 3 | Michigan | 6.9% | 56 |
| 4 | Ohio | 6.5% | 53 |
| 5 | Pennsylvania | 5.3% | 43 |
| 6 | New York | 4.0% | 32 |
| 7 | Texas | 3.8% | 31 |
| 8 | New Jersey | 3.6% | 29 |
| 9 | Wisconsin | 3.3% | 27 |
| 10 | Connecticut | 3.2% | 26 |
% Of Establishments
0%
13%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
64
Total SBA Loans
$40.4M
Total Loan Volume
$632K
Average Loan Size
10 yrs
Average Loan Term
9.91%
Average Interest Rate
544
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: Per the SBA Table of Size Standards[8], Saw Blade and Handtool Manufacturing (NAICS 332216) has a size standard of 750 employees for federal small business contracting purposes. SBA lending programs[12] support qualifying tool manufacturing operations including forging equipment, CNC grinding machines, heat treatment furnaces, and finishing line investments. Eligible businesses can access SBA 7(a) loans[13] for working capital, equipment, and acquisition financing, while 504 loans[14] support major fixed-asset purchases including real estate and heavy machinery.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | CalPrivate Bank | 8 | $18.6M | $2.3M |
| 2 | Citizens Community Federal National Association | 8 | $8.0M | $994K |
| 3 | First Interstate Bank | 16 | $6.5M | $409K |
| 4 | Northeast Bank | 16 | $4.0M | $250K |
| 5 | Rockland Trust Company | 8 | $3.2M | $400K |
Frequently Asked Questions
Common questions about this industry.
What is the NAICS code for handtool manufacturing?
NAICS 332216 covers saw blade and handtool manufacturing including circular saws, band saws, wrenches, pliers, hammers, screwdrivers, and garden tools per the U.S. Census Bureau[5].
What is the SBA size standard?
Per the SBA size standard[8], the threshold is 750 employees for federal small business contracting eligibility and SBA lending products for saw blade and handtool manufacturing operations.
How large is the handtool industry?
Per Census Bureau[6] data, over 920 establishments employ roughly 27,200 workers generating more than $6.3 billion in annual revenue with payroll exceeding $1.4 billion across saw blade and handtool production.
How does import competition affect this industry?
Imports exceeding $4.6 billion annually from China, Taiwan, and Germany per International Trade Administration[7] data have pressured domestic producers toward premium professional-grade segments where quality and brand reputation support higher pricing.
What saw blade types are manufactured?
Circular, band, reciprocating, jigsaw, and specialty blades using high-speed steel, carbide-tipped, and diamond-segment technologies per Bureau of Labor Statistics[11] product data for woodworking, metalworking, and masonry cutting applications.
What is excluded from this code?
What safety regulations apply?
OSHA[9] enforces workplace safety standards for drop forging operations, grinding wheel guarding, heat treatment furnace procedures, and noise exposure in handtool and saw blade manufacturing production environments.
What consumer safety oversight exists?
The CPSC[10] oversees consumer handtool safety standards, investigates injury reports, and coordinates product recalls when manufacturing defects or design flaws create unreasonable risk of injury during normal consumer use of handtools.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, Economic Census census.gov
- [3]U.S. Census Bureau, County Business Patterns census.gov
- [4]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [5]U.S. Census Bureau census.gov
- [6]Census Bureau data.census.gov
- [7]International Trade Administration trade.gov
- [8]SBA Table of Size Standards sba.gov
- [9]OSHA osha.gov
- [10]CPSC cpsc.gov
- [11]Bureau of Labor Statistics bls.gov
- [12]SBA lending programs sba.gov
- [13]SBA 7(a) loans sba.gov
- [14]504 loans sba.gov
- [15]NAICS 333991 census.gov
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