NAICS 332510 Quarterly Industry Report
Hardware Manufacturing
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 332510Sector: 33Updated: Q1 2026
About This Report
This report on Hardware Manufacturing (NAICS 332510) draws on data from the U.S. Census Bureau[5], Bureau of Labor Statistics[6], and SBA size standards[8]. Published by Fair Market Value and updated quarterly, it provides valuation professionals, business owners, lenders, and brokers with authoritative industry intelligence. The editorial analysis reflects the independent assessment of FairMarketValue.com's research team.
Industry Snapshot
Key metrics for the hardware manufacturing industry.
Industry Definition & Overview
Hardware Manufacturing (NAICS 332510) encompasses establishments primarily engaged in manufacturing metal hardware such as hinges, handles, keys, locks, brackets, and related metal fastening components Census Bureau NAICS 332510[5]. This industry serves construction, automotive, furniture, marine, and appliance manufacturing sectors with critical components used in final assembly and finishing operations. Metal hardware manufactured under this classification excludes coin-operated or time locks.
Establishments range from small specialized manufacturers focusing on specific hardware types to larger diversified producers serving multiple customer sectors. Industry participants typically operate machine shops, metal forming facilities, and assembly operations producing metal components for downstream manufacturers and construction markets. Bureau of Labor Statistics data[6] places the broader fabricated metals sector among the largest U.S. manufacturing industries by employment. Most firms maintain regional customer relationships.
Regional concentration remains notable in Midwest states, with Indiana and Michigan maintaining substantial production capacity[7] relative to national employment averages. Raw material costs, particularly steel and zinc prices, directly affect product pricing and margins. Manufacturing processes require precision tooling, and skilled labor availability drives competitive positioning across the sector. Import competition from lower-cost producers in Asia has pushed domestic manufacturers toward higher-value custom and engineered hardware segments where design capability and delivery speed matter more than unit price.
What's Included in This Industry
- Metal hinges (butt hinges, strap hinges, pin hinges)
- Metal handles and grips for furniture and appliances
- Locks and locking mechanisms (deadbolts, mortise locks, cylinder locks)
- Brackets and fastening hardware for construction
- Cabinet hardware and drawer pulls
- Door hardware and exit devices
- Casters and wheels for furniture and equipment
- Aircraft and automotive hardware components
- Appliance hardware and trim pieces
- Builders hardware for commercial and institutional buildings
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Subsector | Fabricated Metal Product Manufacturing | 332 |
| Industry Group | Hardware Manufacturing | 3325 |
| NAICS Industry | Hardware Manufacturing | 33251 |
| National Industry | Hardware Manufacturing | 332510 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 332722 | Bolt, Nut, Screw, Rivet, and Washer Manufacturing | Bolt, Nut, Screw, Rivet, and Washer Manufacturing produces threaded fasteners and industrial fastening components that complement hardware products through supply chain relationships and shared manufacturing processes. |
| 332618 | Other Fabricated Wire Product Manufacturing | Other Fabricated Wire Product Manufacturing includes nails, wire cloth, and wire-based fastening components that serve overlapping end markets in construction and furniture manufacturing alongside hardware products. |
| 332813 | Electroplating, Plating, Polishing, Anodizing, and Coloring | Electroplating, Plating, Polishing, and Anodizing services finish and coat metal hardware products to improve corrosion resistance, aesthetics, and durability for downstream customers. |
| 332322 | Sheet Metal Work Manufacturing | Sheet Metal Work Manufacturing encompasses cutting, forming, and bending operations similar to hardware manufacturing, with overlapping equipment and metalworking techniques across both industries. |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | All Other Miscellaneous Fabricated Metal Product Manufacturing includes specialty metal products that complement hardware lines, sharing distribution channels and customer relationships. |
| 332312 | Fabricated Structural Metal Manufacturing | Fabricated Structural Metal Manufacturing uses similar metalworking techniques for larger structural components, with some manufacturers producing both structural and hardware products. |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | California | 12.4% | 67 |
| 2 | Illinois | 7.2% | 39 |
| 3 | Michigan | 6.1% | 33 |
| 4 | Florida | 5.8% | 31 |
| 5 | Ohio | 5.0% | 27 |
| 6 | Texas | 4.5% | 24 |
| 7 | New York | 4.3% | 23 |
| 8 | Pennsylvania | 4.1% | 22 |
| 9 | Connecticut | 3.9% | 21 |
| 10 | Indiana | 3.7% | 20 |
% Of Establishments
0%
12%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
120
Total SBA Loans
$104.4M
Total Loan Volume
$870K
Average Loan Size
12 yrs
Average Loan Term
9.26%
Average Interest Rate
1,784
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: The SBA size standard for NAICS 332510 is 750 employees[8], meaning businesses with 750 or fewer employees qualify as small businesses under federal regulations. Small manufacturers are eligible for SBA 7(a) loans[9] and 504 loans[10] for equipment, facilities, and working capital needs.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Hinsdale Bank & Trust Company, National Association | 16 | $30.0M | $1.9M |
| 2 | FFB Bank | 8 | $20.0M | $2.5M |
| 3 | Community State Bank | 8 | $15.9M | $2.0M |
| 4 | Fidelity Bank, National Association | 16 | $14.3M | $893K |
| 5 | Regions Bank | 8 | $12.2M | $1.5M |
Frequently Asked Questions
Common questions about this industry.
What types of businesses fall under NAICS 332510?
NAICS 332510 includes manufacturers of metal hardware such as hinges, handles, locks, brackets, casters, door hardware, cabinet hardware, and related metal fastening components Census Bureau NAICS 332510[5]. Businesses fabricate metal hardware through stamping, forming, machining, and assembly.
How is hardware manufacturing structured as an industry?
Hardware manufacturing represents a component supplier industry within fabricated metal product manufacturing. Establishments range from small specialized manufacturers to larger diversified producers serving multiple sectors. Per Bureau of Labor Statistics[6], fabricated metals ranks among the largest manufacturing sectors by employment.
What is the SBA size standard for NAICS 332510?
The SBA size standard for NAICS 332510 is 750 employees[8]. Businesses with 750 or fewer employees qualify as small businesses for SBA lending programs and federal contracting set-asides.
What NAICS codes are related to hardware manufacturing?
Related codes include 332722 (Bolt and Screw Manufacturing), 332618 (Fabricated Wire Products), 332813 (Electroplating and Finishing), and 332322 (Sheet Metal Work) Census Bureau[11]. These represent fastener producers, finishing services, and complementary metal fabrication.
What industries purchase hardware manufacturing products?
Major customers include cabinet and furniture manufacturers (NAICS 337110), finish carpentry contractors (NAICS 238350), building material dealers (NAICS 444190), automotive assemblers, and appliance manufacturers Bureau of Labor Statistics[6].
What activities define hardware manufacturing?
Hardware manufacturing includes metal stamping, forming, bending, and machining to shape raw metal into finished components Census Bureau[5]. Finishing operations such as electroplating, painting, or anodizing follow fabrication, and assembly of multi-component hardware produces finished products.
What SBA loans are available to hardware manufacturers?
Where is hardware manufacturing geographically concentrated?
Midwest states maintain the highest concentration, with Indiana and Michigan showing production capacity approximately twice the national average[7]. Regional manufacturing infrastructure and skilled labor pools support this concentration.
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]Census Bureau NAICS 332510 census.gov
- [6]Bureau of Labor Statistics data bls.gov
- [7]Indiana and Michigan maintaining substantial production capacity bls.gov
- [8]SBA size standards sba.gov
- [9]SBA 7(a) loans sba.gov
- [10]504 loans sba.gov
- [11]Census Bureau census.gov
Disclaimer
This publication has been prepared by Fair Market Value (“Fair Market Value”) for informational purposes only. It is provided on an “as-is” and “as available” basis. Fair Market Value makes no representations or warranties, express or implied, regarding the merchantability, fitness for a particular purpose, completeness, or accuracy of the data or information contained herein. This publication is not intended to be, and should not be construed as, professional financial, legal, tax, or investment advice. Users should consult with qualified professionals before making any financial or business decisions based on the information presented.
To the extent permitted by law, Fair Market Value disclaims all liability for loss or damage, direct and indirect, suffered or incurred by any person resulting from the use of, or reliance upon, the data in this publication.
Copyright © 2026 Fair Market Value. All rights reserved. All data, information, articles, graphs, and content contained in this publication are copyrighted works and Fair Market Value hereby reserves all rights. No part of this publication may be copied, reproduced, republished, uploaded to a third party, or distributed without the prior written permission of Fair Market Value.