Navigational Services to Shipping — Business Survival Rate
An estimated 72% of navigational services to shipping businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 6.4%.
Is Navigational to Shipping a Good Business to Start?
With a 72% five-year survival rate, navigational services to shipping has an above-average survival rate compared to the national average of roughly 50%. This makes it a relatively safe industry to enter — businesses here tend to find stable demand and sustainable economics.
The annual exit rate of 6.4% is lower than many sectors, suggesting that once established, these businesses have staying power. That said, lower failure rates often correlate with higher barriers to entry or established competition.
Entry vs. Exit Rates
Annual rate of new businesses opening versus existing businesses closing.
Net positive: more businesses opening than closing (+1.5 pp spread).
Job Creation & Destruction
The industry is losing jobs faster than creating them — which may indicate automation, consolidation, or declining demand. Total employment: 101,956 workers across 1,814 firms.
Want to know how much navigational services to shipping businesses actually make?
See full revenue benchmarks for Navigational Services to Shipping →Frequently Asked Questions
- What percentage of navigational services to shipping businesses fail?
- Approximately 28% of navigational services to shipping businesses fail within their first 5 years. The annual closure rate is 6.4%, with 120 firms closing permanently in 2023.
- Is the navigational services to shipping industry growing or shrinking?
- The navigational services to shipping industry is currently stable with a net job creation rate of -0.6% per year. New businesses are entering at 7.9% while 6.4% close annually.
Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.