Number of Other Building Equipment Contractors Businesses in the US (2000–2023)
As of 2023
177,201
other building equipment contractors businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The other building equipment contractors industry has grown 23.7% since 2000 (from 143,261 to 177,201 firms).
- •The peak year was 2023 with 177,201 firms.
- •Recent trend (last 5 years): the industry is growing (+7.0%).
- •Employment: 2,369,218 workers in 2023 (30.3% change since 2000).
- •Estimated 5-year survival rate: 65%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 177,201 | 183,573 | 2,369,218 | 10.5% | 8.4% | +4.1% |
| 2022 | 173,647 | 179,683 | 2,272,796 | 10.8% | 8.2% | +4.5% |
| 2021 | 169,394 | 174,970 | 2,177,128 | 10.1% | 8.3% | -0.6% |
| 2020 | 166,459 | 171,823 | 2,190,628 | 9.3% | 8.7% | +1.9% |
| 2019 | 165,546 | 170,676 | 2,149,442 | 9.6% | 7.9% | +4.2% |
| 2018 | 163,656 | 168,476 | 2,062,511 | 9.6% | 8.0% | +4.1% |
| 2017 | 161,541 | 166,211 | 1,979,983 | 9.7% | 7.8% | +3.3% |
| 2016 | 157,899 | 162,498 | 1,917,678 | 9.8% | 7.7% | +4.9% |
| 2015 | 154,364 | 158,782 | 1,824,542 | 9.9% | 8.2% | +4.9% |
| 2014 | 151,934 | 156,127 | 1,735,830 | 9.7% | 8.4% | +3.9% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.