Number of Industrial Building Construction Businesses in the US (2000–2023)
As of 2023
36,302
industrial building construction businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The industrial building construction industry has declined 10.5% since 2000 (from 40,555 to 36,302 firms).
- •The peak year was 2001 with 43,145 firms.
- •Recent trend (last 5 years): the industry is shrinking (-2.4%).
- •Employment: 718,378 workers in 2023 (-10.5% change since 2000).
- •Estimated 5-year survival rate: 63%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 36,302 | 38,138 | 718,378 | 8.8% | 8.7% | +3.8% |
| 2022 | 36,273 | 38,080 | 693,082 | 9.5% | 9.3% | +3.3% |
| 2021 | 36,027 | 37,763 | 671,160 | 9.3% | 9.3% | -5.6% |
| 2020 | 36,780 | 38,422 | 713,688 | 8.3% | 9.5% | +2.1% |
| 2019 | 37,178 | 38,765 | 697,945 | 9.4% | 8.7% | +3.6% |
| 2018 | 36,715 | 38,249 | 669,705 | 9.5% | 9.0% | +4.4% |
| 2017 | 36,608 | 38,046 | 644,332 | 9.2% | 9.5% | +3.3% |
| 2016 | 36,582 | 38,065 | 637,660 | 10.0% | 8.7% | +4.8% |
| 2015 | 35,544 | 36,970 | 602,703 | 9.8% | 9.5% | +4.2% |
| 2014 | 35,323 | 36,671 | 576,701 | 9.8% | 10.4% | +2.6% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.