Number of Other Commercial and Industrial Machinery and Equipment Rental and Leasing Businesses in the US (2000–2023)
As of 2023
7,495
other commercial and industrial machinery and equipment rental and leasing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The other commercial and industrial machinery and equipment rental and leasing industry has grown 4.5% since 2000 (from 7,172 to 7,495 firms).
- •The peak year was 2023 with 7,495 firms.
- •Recent trend (last 5 years): the industry is growing (+0.2%).
- •Employment: 215,633 workers in 2023 (36.3% change since 2000).
- •Estimated 5-year survival rate: 74%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 7,495 | 15,736 | 215,633 | 11.2% | 5.8% | +9.3% |
| 2022 | 7,407 | 14,841 | 195,663 | 8.6% | 6.9% | +10.3% |
| 2021 | 7,241 | 14,654 | 176,622 | 10.5% | 9.8% | -12.7% |
| 2020 | 7,468 | 14,567 | 200,136 | 6.6% | 8.1% | +0.2% |
| 2019 | 7,480 | 14,761 | 199,428 | 7.1% | 5.6% | +4.0% |
| 2018 | 7,337 | 14,513 | 191,825 | 9.4% | 7.6% | +3.5% |
| 2017 | 7,227 | 14,250 | 185,215 | 9.1% | 7.5% | +2.4% |
| 2016 | 7,241 | 14,025 | 180,917 | 10.2% | 7.2% | +0.1% |
| 2015 | 7,262 | 13,633 | 182,203 | 9.8% | 9.1% | +1.2% |
| 2014 | 7,213 | 13,446 | 179,587 | 9.2% | 7.5% | +6.4% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.