Number of Conveyor and Conveying Equipment Manufacturing Businesses in the US (2000–2023)
As of 2023
4,785
conveyor and conveying equipment manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The conveyor and conveying equipment manufacturing industry has declined 17.2% since 2000 (from 5,777 to 4,785 firms).
- •The peak year was 2000 with 5,777 firms.
- •Recent trend (last 5 years): the industry is shrinking (-3.1%).
- •Employment: 321,078 workers in 2023 (-6.2% change since 2000).
- •Estimated 5-year survival rate: 78%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 4,785 | 5,648 | 321,078 | 5.9% | 4.8% | +3.7% |
| 2022 | 4,755 | 5,542 | 305,927 | 5.4% | 5.7% | +3.1% |
| 2021 | 4,790 | 5,555 | 296,267 | 4.8% | 5.6% | -3.1% |
| 2020 | 4,868 | 5,620 | 305,299 | 4.5% | 5.6% | -1.6% |
| 2019 | 4,939 | 5,685 | 311,485 | 4.1% | 6.1% | +2.0% |
| 2018 | 4,968 | 5,817 | 307,524 | 7.1% | 4.6% | +4.0% |
| 2017 | 5,085 | 5,788 | 296,444 | 4.2% | 5.8% | -1.1% |
| 2016 | 5,117 | 5,791 | 293,928 | 4.3% | 5.1% | -1.9% |
| 2015 | 5,175 | 5,845 | 299,548 | 4.0% | 4.0% | +1.9% |
| 2014 | 5,152 | 5,811 | 290,547 | 3.4% | 4.0% | +1.7% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.