Number of Motor Vehicle Electrical and Electronic Equipment Manufacturing Businesses in the US (2000–2023)
As of 2023
3,361
motor vehicle electrical and electronic equipment manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The motor vehicle electrical and electronic equipment manufacturing industry has declined 23% since 2000 (from 4,367 to 3,361 firms).
- •The peak year was 2007 with 4,435 firms.
- •Recent trend (last 5 years): the industry is shrinking (-6.9%).
- •Employment: 576,356 workers in 2023 (-30.1% change since 2000).
- •Estimated 5-year survival rate: 76%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 3,361 | 4,394 | 576,356 | 5.0% | 5.5% | +1.3% |
| 2022 | 3,429 | 4,446 | 570,174 | 5.8% | 5.6% | +0.7% |
| 2021 | 3,429 | 4,433 | 565,741 | 4.9% | 5.2% | -3.6% |
| 2020 | 3,516 | 4,532 | 593,843 | 3.9% | 6.9% | -3.7% |
| 2019 | 3,611 | 4,680 | 614,783 | 4.5% | 5.0% | +1.4% |
| 2018 | 3,639 | 4,649 | 598,011 | 5.2% | 5.2% | +1.8% |
| 2017 | 3,837 | 4,786 | 587,976 | 4.5% | 6.4% | +2.5% |
| 2016 | 3,892 | 4,845 | 561,107 | 4.4% | 5.3% | +3.2% |
| 2015 | 3,983 | 4,920 | 540,271 | 5.3% | 4.7% | +5.2% |
| 2014 | 3,980 | 4,874 | 510,962 | 4.6% | 4.6% | +4.6% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.