Other Fabricated Wire Product Manufacturing — Business Survival Rate

An estimated 84% of other fabricated wire product manufacturing businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 3.5%.

84%
5-Year Survival Rate
-0.5%
Net Growth Rate
836
Total Firms
34
Annual Firm Deaths

Is Other Fabricated Wire Product Manufacturing a Good Business to Start?

With a 84% five-year survival rate, other fabricated wire product manufacturing 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 3.5% 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.

Entry Rate (new businesses)5.8%
Exit Rate (closures)3.5%

Net positive: more businesses opening than closing (+2.3 pp spread).

Job Creation & Destruction

8.5%
Job Creation Rate
9.0%
Job Destruction Rate
-0.5%
Net Job Growth

The industry is losing jobs faster than creating them — which may indicate automation, consolidation, or declining demand. Total employment: 35,064 workers across 836 firms.

Want to know how much other fabricated wire product manufacturing businesses actually make?

See full revenue benchmarks for Other Fabricated Wire Product Manufacturing →

Frequently Asked Questions

What percentage of other fabricated wire product manufacturing businesses fail?
Approximately 16% of other fabricated wire product manufacturing businesses fail within their first 5 years. The annual closure rate is 3.5%, with 34 firms closing permanently in 2023.
Is the other fabricated wire product manufacturing industry growing or shrinking?
The other fabricated wire product manufacturing industry is currently stable with a net job creation rate of -0.5% per year. New businesses are entering at 5.8% while 3.5% close annually.

Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.