North American Industry Classification System (NAICS) 2002

53 - Real Estate and Rental and Leasing

This sector comprises establishments primarily engaged in renting, leasing or otherwise allowing the use of tangible or intangible assets. Establishments primarily engaged in managing real estate for others; selling, renting and/or buying of real estate for others; and appraising real estate, are also included.

532 - Rental and Leasing Services

This subsector comprises establishments primarily engaged in renting or leasing tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic payment.

The subsector includes two main types of establishments:

* those that are engaged in renting consumer goods and equipment; and
* 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 by providing or arranging financing 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 financial leases are included in this subsector.

• Exclusion(s):

  Establishments primarily engaged in:
  

  • renting or leasing intangibles or intellectual property (see 51 Information and Cultural Industries or 533 Lessors of Non-Financial Intangible Assets (Except Copyrighted Works) or 54 Professional, Scientific and Technical Services or 71 Arts, Entertainment and Recreation)
  • leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
  • leasing real property (See 531 Real Estate)
  • employee leasing services (See 56133 Professional Employer Organizations)
  • renting or leasing equipment with operators (classified in various subsectors of NAICS depending on the nature of the service provided)

5324 - Commercial and Industrial Machinery and Equipment Rental and Leasing

This industry group comprises establishments primarily engaged in renting or leasing commercial and industrial machinery and equipment, without operator. The types of establishments included in this industry group are generally involved in providing capital/investment-type equipment that clients use in their business operations. These establishments typically serve businesses and do not generally operate a retail-like or store-front facility.

53249 - Other Commercial and Industrial Machinery and Equipment Rental and Leasing

This industry comprises establishments, not classified to any other industry, primarily engaged in renting or leasing commercial and industrial machinery and equipment.

• Exclusion(s):

  Establishments primarily engaged in:
  

  • renting or leasing agricultural machinery and equipment, with operators (See 115 Support Activities for Agriculture and Forestry)
  • leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
  • renting home furniture (See 53229 Other Consumer Goods Rental)
  • renting or leasing heavy equipment without operators (See 53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing)
  • renting or leasing office machinery and equipment (See 53242 Office Machinery and Equipment Rental and Leasing)

532490 - Other Commercial and Industrial Machinery and Equipment Rental and Leasing^US

This Canadian industry comprises establishments, not classified to any other industry, primarily engaged in renting or leasing commercial and industrial machinery and equipment.

• Example Activities:

  • Agricultural machinery and equipment rental
  • Commercial equipment rental (except coin-operated)
  • Farm equipment rental or leasing
  • Industrial machinery and equipment, rental and leasing
  • Industrial truck rental and leasing
  • Leasing of industrial machinery and equipment
  • Materials handling machinery and equipment, rental
  • Medical equipment rental and leasing, commercial and industrial
  • Metalworking machinery and equipment rental
  • Motion picture equipment rental
  • Painting equipment rental
  • Public address system rental
  • Rental agency, theatrical equipment (except costumes)
  • Rental and sales of public address systems
  • Rental of industrial machinery and equipment
  • Sawmill machinery rental service
  • Sound and lighting equipment rental
  • Studio property rental for motion picture film production
  • Textile machinery rental or leasing
  • Theatrical equipment (except costumes), rental
  • Vending machines, rental only
  • Welding equipment, rental
  • Woodworking machinery and equipment rental