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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 store-front 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 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. Those 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 the agriculture subsector. The rental or leasing of copyrighted works is classified in Sector 51, Information, and the rental or leasing of assets, such as patents, trademarks, and/or licensing agreements is classified in Subsector 533, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works).

5321 Automotive Equipment Rental and Leasing
This industry group comprises establishments primarily engaged in renting or leasing the following types of vehicles: passenger cars and trucks without drivers, and utility trailers. These establishments generally operate from a retail-like facility. Some establishments offer only short-term rental, others only longer-term leases, and some provide both type of services.

53211 Passenger Car Rental and Leasing
This industry comprises establishments primarily engaged in renting or leasing passenger cars without drivers.

Cross-References. Establishments primarily engaged in

  • Renting or leasing passenger cars with drivers (e.g., limousines, hearses, taxis) - classified in Industry Group 4853, Taxi and Limousine Service;
  • Retailing passenger cars through sales or lease arrangements - classified in Industry Group 4411, Automobile Dealers; and
  • Leasing passenger cars in combination with providing loans to buyers of such vehicles - classified in Sector 52, Finance and Insurance.

532111 Passenger Car Rental
This industry comprises establishments primarily engaged in renting passenger cars without drivers, generally for short periods of time.

Cross-References. Establishments primarily engaged in

  • Leasing passenger cars without drivers, generally for long periods of time - classified in U.S. Industry 532112, Passenger Car Leasing; and
  • Renting or leasing passenger cars with drivers (e.g., limousines, hearses, taxis) - classified in Industry Group 4853, Taxi and Limousine Service.

532112 Passenger Car Leasing
This industry comprises establishments primarily engaged in leasing passenger cars without drivers, generally for long periods of time.

Cross-References. Establishments primarily engaged in

  • Renting passenger cars without drivers, generally for short periods of time - classified in U.S. Industry 532111, Passenger Car Rental;
  • Renting or leasing passenger cars with drivers (e.g., limousines, hearses, taxis) - classified in Industry Group 4853, Taxi and Limousine Service;
  • Retailing passenger cars through sales or lease arrangements - classified in Industry Group 4411, Automobile Dealers; and
  • Leasing passenger cars in combination with providing loans to buyers of such vehicles - classified in Sector 52, Finance and Insurance.

53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
See industry description for 532120 below.

532120 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
This industry comprises establishments primarily engaged in renting or leasing, without drivers, one or more of the following: trucks, truck tractors or buses: semitrailers, utility trailers, or RVs (recreational vehicles).

Cross-References. Establishments primarily engaged in

5322 Consumer Goods Rental
This industry group comprises establishments primarily engaged in renting personal and household-type goods. Establishments classified in this industry group generally provide short-term rental although in some instances, the goods may be leased for longer periods of time. These establishments often operate from a retail-like or store-front facility.

53221 Consumer Electronics and Appliances Rental
See industry description for 532210 below.

532210 Consumer Electronics and Appliances Rental
This industry comprises establishments primarily engaged in renting consumer electronics equipment and appliances, such as televisions, stereos, and refrigerators. Included in this industry are appliance rental centers.

Cross-References. Establishments primarily engaged in

53222 Formal Wear and Costume Rental
See industry description for 532220 below.

532220 Formal Wear and Costume Rental
This industry comprises establishments primarily engaged in renting clothing, such as formal wear, costumes (e.g., theatrical), or other clothing (except laundered uniforms and work apparel).

Cross-References.

  • Establishments primarily engaged in laundering and supplying uniforms and other work apparel are classified in Industry 81233, Linen and Uniform Supply.

53223 Video Tape and Disc Rental
See industry description for 532230 below.

532230 Video Tape and Disc Rental
This industry comprises establishments primarily engaged in renting prerecorded video tapes and discs for home electronic equipment.

Cross-References. Establishments primarily engaged in

53229 Other Consumer Goods Rental
This industry comprises establishments primarily engaged in renting consumer goods (except consumer electronics and appliances, formal wear and costumes, and prerecorded video tapes).

Illustrative Examples:
Furniture rental centers; Sporting goods rental; Party rental supply centers

Cross-References. Establishments primarily engaged in

532291 Home Health Equipment Rental
This U.S. industry comprises establishments primarily engaged in renting home-type health and invalid equipment, such as wheel chairs, hospital beds, oxygen tanks, walkers, and crutches.

Cross-References. Establishments primarily engaged in

532292 Recreational Goods Rental
This U.S. industry comprises establishments primarily engaged in renting recreational goods, such as bicycles, canoes, motorcycles, skis, sailboats, beach chairs, and beach umbrellas.

532299 All Other Consumer Goods Rental
This U.S. industry comprises establishments primarily engaged in renting consumer goods and products (except consumer electronics and appliances; formal wear and costumes; prerecorded video tapes and discs for home electronic equipment; home health furniture and equipment; and recreational goods). Included in this industry are furniture rental centers and party rental supply centers.

Cross-References. Establishments primarily engaged in

5323 General Rental Centers

53231 General Rental Centers
See industry description for 532310 below.

532310 General Rental Centers
This industry comprises establishments primarily engaged in renting a range of consumer, commercial, and industrial equipment. Establishments in this industry typically operate from conveniently located facilities where they maintain inventories of goods and equipment that they rent for short periods of time. The type of equipment that establishments in this industry provide often includes, but is not limited to: audio visual equipment, contractors' and builders' tools and equipment, home repair tools, lawn and garden equipment, moving equipment and supplies, and party and banquet equipment and supplies.

Cross-References. Establishments primarily engaged in

5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
This industry group comprises establishments primarily engaged in renting or leasing commercial-type and industrial-type machinery and equipment. The types of 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 store-front facility.

53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
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.

Cross-References. Establishments primarily engaged in

532411 Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
This U.S. industry comprises establishments primarily engaged in renting or leasing off-highway transportation equipment without operators, such as aircraft, railroad cars, steamships, or tugboats.

Cross-References. Establishments primarily engaged in

532412 Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
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.

Cross-References. Establishments primarily engaged in

53242 Office Machinery and Equipment Rental and Leasing
See industry description for 532420 below.

532420 Office Machinery and Equipment Rental and Leasing
This industry comprises establishments primarily engaged in renting or leasing office machinery and equipment, such as computers, office furniture, duplicating machines (i.e., copiers), or facsimile machines.

Cross-References. Establishments primarily engaged in

  • Renting or leasing residential furniture - classified in Industry 53229, Other Consumer Goods Rental; and
  • Leasing office machinery and equipment in combination with providing loans to buyers of such equipment - classified in Sector 52, Finance and Insurance.

53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
See industry description for 532490 below.

532490 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
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, or theatrical machinery and equipment; institutional (i.e., public building) furniture, such as furniture for schools, theaters, or buildings; or agricultural equipment without operators.

Cross-References. Establishments primarily engaged in

 

Information courtesy of the U.S. Census Bureau.

 

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