Rental and Leasing Services
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).
The immediate parent of subsector 532 is sector 53: Real Estate and Rental and Leasing
- 5321 - Automotive Equipment Rental and Leasing
- 53211 - Passenger Car Rental and Leasing
- 53212 - Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
- 5322 - Consumer Goods Rental
- 53221 - Consumer Electronics and Appliances Rental
- 53228 - Other Consumer Goods Rental
- 5323 - General Rental Centers
- 5324 - Commercial and Industrial Machinery and Equipment Rental and Leasing
- 53241 - Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
- 532411 - Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
- 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
- 53242 - Office Machinery and Equipment Rental and Leasing
- 53249 - Other Commercial and Industrial Machinery and Equipment Rental and Leasing
The NAICS editions in which this code was present are indicated below. In the event that a code was changed from the prior edition the equivalent value in that edition is provided for reference.
Standard Industrial Classification (SIC) Mappings
SIC Mappings are not available at the subsector level, a more specific code is required.
SIC mappings are available for 6 digit national industry codes and their sub-descriptions only. For detailed mappings choose the most appropriate six-digit code from the list of descendants.
Insurance Industry Mappings
Mappings are not available at the subsector level, a more specific code is required.
Insurance industry mappings are available for 6 digit national industry codes and their sub-descriptions only. For detailed mappings choose the most appropriate six-digit code from the list of descendants.