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NAICS Code 532 Rental and Leasing Services

The NAICS Code 532 is described as
Rental and Leasing Services
Description
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 of the kind 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).

(2019-08-02)

It belongs to the code group
NAICS Code 53 Real Estate and Rental and Leasing

To this Code "532" belongs the sub codes
  • NAICS Code 5321: Automotive Equipment Rental and Leasing
    (Automotive Equipment Rental and Leasing)
  • NAICS Code 5322: Consumer Goods Rental
    (Consumer Goods Rental)
  • NAICS Code 5323: General Rental Centers
  • NAICS Code 5324: Commercial and Industrial Machinery and Equipment Rental and Leasing
    (Commercial and Industrial Machinery and Equipment Rental and Leasing)


The equivalent ISIC Code (Rev. 3.1) is
71: Renting of machinery and equipment without operator and of personal and household goods
  Location de machines et d'équipements sans opérateur et de biens personnels et do

The nearest NACE Code (Rev. 1.1) is
71: Vermietung beweglicher Sachen ohne Bedienungspersonal - Vermietung beweglicher Sachen (ohne Bedienungspersonal)
71: Renting of machinery and equipment without operator and of personal and household goods - Renting of machinery and equipment without operator and of personal and household goods
71: Location de machines et d'équipements sans opérateur et de biens personnels et domestiques
71: Noleggio di macchine e attrezzature senza opeartore e di beni per uso pezrsonale e domestico
71: Alquiler de maquinaria y equipo sin operario, de efectos personales y enseres domesticos
71: Verhuur van machines en werktuigen zonder bedieningspersoneel en van overige roerende goederen
71: Udlejning af biler, maskiner, udstyr mv.

The equivalent CPC Code (Rev. 1.1) is
xxxx: No Code defined

Translation of the Code description
532: Rental and Leasing Services
(2019-08-02)

Alternative Spellings (synonyms): Service
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