Outdoor Power Equipment Stores — Business Survival Rate
An estimated 67% of outdoor power equipment stores businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 7.6%.
Is Outdoor Power Equipment Stores a Good Business to Start?
With a 67% five-year survival rate, outdoor power equipment stores 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 7.6% 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 negative: more businesses closing than opening (-0.6 pp spread).
Job Creation & Destruction
The industry is adding jobs faster than losing them — a positive sign for both workers and new business owners looking to hire. Total employment: 176,588 workers across 11,332 firms.
Want to know how much outdoor power equipment stores businesses actually make?
See full revenue benchmarks for Outdoor Power Equipment Stores →Frequently Asked Questions
- What percentage of outdoor power equipment stores businesses fail?
- Approximately 33% of outdoor power equipment stores businesses fail within their first 5 years. The annual closure rate is 7.6%, with 985 firms closing permanently in 2023.
- Is the outdoor power equipment stores industry growing or shrinking?
- The outdoor power equipment stores industry is currently stable with a net job creation rate of +0.1% per year. New businesses are entering at 7.0% while 7.6% close annually.
Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.