Number of Other Industrial Machinery Manufacturing Businesses in the US (2000–2023)
As of 2023
2,522
other industrial machinery manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The other industrial machinery manufacturing industry has declined 37.4% since 2000 (from 4,027 to 2,522 firms).
- •The peak year was 2000 with 4,027 firms.
- •Recent trend (last 5 years): the industry is shrinking (-7.8%).
- •Employment: 120,527 workers in 2023 (-34.3% change since 2000).
- •Estimated 5-year survival rate: 75%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 2,522 | 2,751 | 120,527 | 4.8% | 5.5% | +2.4% |
| 2022 | 2,555 | 2,756 | 115,188 | 6.8% | 6.8% | +7.1% |
| 2021 | 2,605 | 2,807 | 107,813 | 6.2% | 6.8% | -1.8% |
| 2020 | 2,685 | 2,869 | 109,229 | 5.6% | 6.9% | -2.0% |
| 2019 | 2,735 | 2,922 | 112,024 | 5.4% | 5.4% | +2.3% |
| 2018 | 2,755 | 2,932 | 109,846 | 4.9% | 5.0% | +1.9% |
| 2017 | 2,824 | 2,988 | 109,980 | 4.9% | 5.7% | +3.7% |
| 2016 | 2,889 | 3,054 | 105,201 | 4.7% | 6.2% | -1.1% |
| 2015 | 2,935 | 3,096 | 105,536 | 5.3% | 5.9% | +3.5% |
| 2014 | 2,938 | 3,094 | 100,897 | 4.7% | 5.7% | +1.4% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.