Number of Other Electronic and Precision Equipment Repair and Maintenance Businesses in the US (2000–2023)
As of 2023
8,916
other electronic and precision equipment repair and maintenance businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The other electronic and precision equipment repair and maintenance industry has declined 28.2% since 2000 (from 12,424 to 8,916 firms).
- •The peak year was 2000 with 12,424 firms.
- •Recent trend (last 5 years): the industry is shrinking (-7.7%).
- •Employment: 104,729 workers in 2023 (-28.4% change since 2000).
- •Estimated 5-year survival rate: 56%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 8,916 | 10,197 | 104,729 | 8.3% | 10.8% | -1.3% |
| 2022 | 9,123 | 10,440 | 106,090 | 9.6% | 11.1% | +1.3% |
| 2021 | 9,208 | 10,571 | 104,665 | 10.4% | 11.4% | +1.4% |
| 2020 | 9,356 | 10,661 | 102,679 | 8.6% | 12.0% | +2.9% |
| 2019 | 9,659 | 10,974 | 100,314 | 9.1% | 11.0% | -0.6% |
| 2018 | 9,833 | 11,182 | 100,498 | 9.1% | 11.1% | +2.1% |
| 2017 | 9,987 | 11,316 | 96,168 | 11.1% | 11.1% | +0.1% |
| 2016 | 9,885 | 11,226 | 101,384 | 11.9% | 10.7% | +3.0% |
| 2015 | 9,672 | 10,966 | 98,672 | 11.4% | 11.3% | -0.4% |
| 2014 | 9,615 | 10,900 | 97,634 | 10.0% | 10.9% | -0.3% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.