Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
Description
This U.S. industry comprises establishments primarily engaged in renting or leasing heavy equipment without operators that may be used for construction, mining, or forestry, such as bulldozers, earthmoving equipment, well drilling machinery and equipment, or cranes.
Hierarchy
| Code | Title | Description |
|---|---|---|
| 53 | Real Estate and Rental and Leasing 2-digit sector | The Sector as a Whole The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting, and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and from a production basis they are included here. In addition, a substantial proportion of property management is self-performed by lessors. The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works). Excluded from this sector are establishments primarily engaged in renting or leasing equipment with operators. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Also excluded from this sector are mortgage REITs and establishments primarily engaged in managing the financial portfolio assets of REITs on a fee or commission basis. These establishments are classified in Sector 52, Finance and Insurance. |
| 532 | Rental and Leasing Services 3-digit subsector | Industries in the Rental and Leasing Services subsector include establishments that provide a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The subsector includes two main types of establishments: (1) those that are engaged in renting consumer goods and equipment and (2) those that are engaged in leasing machinery and equipment often used for business operations. The first type typically operates from a retail-like or storefront facility and maintains inventories of goods that are rented for short periods of time. The latter type typically does not operate from retail-like locations or maintain inventories, and usually offers longer-term leases. These establishments work directly with clients to enable them to acquire the use of equipment on a lease basis, or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and capital (i.e., finance) leases are included in this subsector. Establishments primarily engaged in leasing in combination with providing loans are classified in Sector 52, Finance and Insurance. Establishments primarily engaged in leasing real property are classified in Subsector 531, Real Estate. Establishments primarily engaged in renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this subsector since the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Likewise, since the provision of crop harvesting services includes both the equipment and operator, it is included in Subsector 115, Support Activities for Agriculture and Forestry. The rental or leasing of copyrighted works is classified in Sector 51, Information, and the rental or leasing of nonfinancial intangible assets, such as patents, trademarks, and/or licensing agreements, is classified in Subsector 533, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works). |
| 5324 | Commercial and Industrial Machinery and Equipment Rental and Leasing 4-digit industry group | This industry group comprises establishments primarily engaged in renting or leasing commercial-type and industrial-type machinery and equipment. Establishments included in this industry group are generally involved in providing capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-like or storefront facility. |
| 53241 | Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing 5-digit NAICS industry | This industry comprises establishments primarily engaged in renting or leasing one or more of the following without operators: heavy construction, off-highway transportation, mining, and forestry machinery and equipment. Establishments in this industry may rent or lease products, such as aircraft, railroad cars, steamships, tugboats, bulldozers, earthmoving equipment, well drilling machinery and equipment, or cranes. |
| 532412 | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing 6-digit U.S. detail | This U.S. industry comprises establishments primarily engaged in renting or leasing heavy equipment without operators that may be used for construction, mining, or forestry, such as bulldozers, earthmoving equipment, well drilling machinery and equipment, or cranes. |
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Classification References
- 01Renting or leasing cranes with operators--are classified in Industry 238990, All Other Specialty Trade Contractors;
- 02Renting or leasing construction equipment with operators (except cranes)--are classified in Industry 238910, Site Preparation Contractors;
- 03Renting or leasing heavy equipment for mining with operators--are classified in Industry 21311, Support Activities for Mining;
- 04Renting or leasing heavy equipment for forestry with operators--are classified in Industry 115310, Support Activities for Forestry; and
- 05Leasing heavy equipment in combination with providing loans to buyers of such equipment--are classified in Sector 52, Finance and Insurance.
Index Items
Bulldozer rental or leasing without operator
Construction form rental
Construction machinery and equipment rental or leasing without operator
Crane rental or leasing without operator
Earthmoving equipment rental or leasing without operator
Forestry machinery and equipment rental or leasing
Heavy construction equipment rental without operator
Logging equipment rental or leasing without operator
Mining machinery and equipment rental or leasing
Oil field machinery and equipment rental or leasing
Oil well drilling machinery and equipment rental or leasing
Welding equipment rental or leasing
Well drilling machinery and equipment rental or leasing
How Item Can Help
Item.com's Warehouse Management System optimizes the storage and retrieval of heavy machinery components, reducing inventory costs and preventing equipment downtime through precise part tracking.
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Transportation Management Systems provide real-time tracking and route optimization for transporting oversized equipment, lowering freight costs and improving delivery reliability to remote job sites.
External Resources
Census.gov NAICS Detail
Official US Census Bureau definition and scope for NAICS 532412.
National Association of Equipment and Machinery Dealers
Industry association representing dealers in construction, mining, and forestry machinery rental and leasing.
U.S. Department of Commerce Bureau of Economic Analysis
Official government data source providing definitions and statistics for NAICS code 532412.
Redline Machinery and Equipment
Directory and resource site offering insights into the equipment and machinery rental and leasing market.
