NAICS 3 Digit Subsector Code 532

Subsector 532

NAICS Subsector Code 532 – Rental and Leasing Services

Definition of NAICS 3 Digit Subsector Code 532: 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).

Three Digit Subsector Breakdown for the North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code. If NAICS Subsector 532 does not describe the industry of the business in question, then select the largest applicable code below. From there, follow the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • Sector 53: Real Estate and Rental and Leasing
    • Subsector 532: Rental and Leasing Services
      • Industry Group 5321: Automotive Equipment Rental and Leasing
        • Industry 53211: Passenger Car Rental and Leasing
          • 6 Digit Code(s) NAICS 532111: Passenger Car Rental
          • 6 Digit Code(s) NAICS 532112: Passenger Car Leasing
        • Industry 53212: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
          • 6 Digit Code(s) NAICS 532120: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
      • Industry Group 5322: Consumer Goods Rental
        • Industry 53221: Consumer Electronics and Appliances Rental
          • 6 Digit Code(s) NAICS 532210: Consumer Electronics and Appliances Rental
        • Industry 53222: Formal Wear and Costume Rental
          • 6 Digit Code(s) NAICS 532220: Formal Wear and Costume Rental
        • Industry 53223: Video Tape and Disc Rental
          • 6 Digit Code(s) NAICS 532230: Video Tape and Disc Rental
        • Industry 53229: Other Consumer Goods Rental
          • 6 Digit Code(s) NAICS 532291: Home Health Equipment Rental
          • 6 Digit Code(s) NAICS 532292: Recreational Goods Rental
          • 6 Digit Code(s) NAICS 532299: All Other Consumer Goods Rental
      • Industry Group 5323: General Rental Centers
        • Industry 53231: General Rental Centers
          • 6 Digit Code(s) NAICS 532310: General Rental Centers
      • Industry Group 5324: Commercial and Industrial Machinery and Equipment Rental and Leasing
        • Industry 53241: Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532411: Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532412: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
        • Industry 53242: Office Machinery and Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532420: Office Machinery and Equipment Rental and Leasing
        • Industry 53249: Other Commercial and Industrial Machinery and Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532490: Other Commercial and Industrial Machinery and Equipment Rental and Leasing

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NAICS 3 Digit Subsector Code 532