Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Description
This industry comprises establishments primarily engaged in renting or leasing nonconsumer-type machinery and equipment (except heavy construction, transportation, mining, and forestry machinery and equipment without operators; and office machinery and equipment). Establishments in this industry rent or lease products, such as manufacturing equipment; metalworking, telecommunications, motion picture, theatrical machinery and equipment, or service industry machinery; institutional (i.e., public building) furniture, such as furniture for schools, theaters, or buildings; or agricultural equipment without operators.
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. |
| 53249 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing 5-digit NAICS industry | See industry description for 532490. |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing 6-digit U.S. detail | This industry comprises establishments primarily engaged in renting or leasing nonconsumer-type machinery and equipment (except heavy construction, transportation, mining, and forestry machinery and equipment without operators; and office machinery and equipment). Establishments in this industry rent or lease products, such as manufacturing equipment; metalworking, telecommunications, motion picture, theatrical machinery and equipment, or service industry machinery; institutional (i.e., public building) furniture, such as furniture for schools, theaters, or buildings; or agricultural equipment without operators. |
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Classification References
- 01Renting or leasing heavy construction, off-highway transportation, mining, and forestry machinery and equipment without operators--are classified in Industry 53241, Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing;
- 02Renting or leasing office machinery and equipment--are classified in Industry 532420, Office Machinery and Equipment Rental and Leasing;
- 03Renting or leasing agricultural machinery and equipment with operators--are classified in Subsector 115, Support Activities for Agriculture and Forestry;
- 04Renting or leasing dump trucks without operator--are classified in Industry 532120, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing;
- 05Renting home furniture or medical equipment for home use--are classified in Industry 53228, Other Consumer Goods Rental; and
- 06Leasing nonconsumer machinery and equipment in combination with providing loans to buyers of such equipment--are classified in Sector 52, Finance and Insurance.
Index Items
Agricultural machinery and equipment rental or leasing
Audio visual equipment rental or leasing
Carpentry equipment rental or leasing
Carpet and rug cleaning equipment rental or leasing
Compressor, air and gas, rental or leasing
Farm equipment rental or leasing
Farm tractor rental or leasing
Floor sanding machine rental or leasing
Floor waxing equipment rental or leasing
Furniture, institutional (i.e. public building), rental or leasing
Garden tractor rental or leasing
Generator rental or leasing
Industrial truck rental or leasing
Lawnmower rental or leasing
Manufacturing machinery and equipment rental or leasing
Material handling machinery and equipment rental or leasing
Medical equipment (except home health furniture and equipment) rental or leasing
Metalworking machinery and equipment rental or leasing
Mobile office building rental or leasing, off-site
Modular building rental or leasing, off-site
Motion picture equipment rental or leasing
Pallet rental or leasing
Plumbing equipment rental or leasing
Power washer rental or leasing
Public address system rental or leasing
Renting coin- or card-operated amusement devices (except concession operators)
Sawmill machinery rental or leasing
Scaffolding rental or leasing
Scenery, theatrical, rental or leasing
Skid rental or leasing
Sound and lighting equipment rental or leasing
Telecommunications equipment rental or leasing
Textile machinery rental or leasing
Theatrical equipment (except costumes) rental or leasing
Tractor, farm, rental or leasing
Tractor, garden, rental or leasing
Traffic control equipment (e.g., barricades, cones, traffic signs) rental or leasing
Truck, industrial, rental or leasing
TV broadcasting and studio equipment rental or leasing
Vending machine rental
Woodworking machinery and equipment rental or leasing
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External Resources
Census.gov NAICS Detail
Official US Census Bureau definition and scope for NAICS 532490.
National Association of Equipment Rental
The primary trade association representing equipment rental businesses in the United States.
SBA Industry Classification Codes
Official government resource defining the scope and characteristics of the NAICS code 532490.
Better Business Bureau
Directory of accredited businesses operating in the machinery and equipment rental sector.
