Variant of NAICS 2002 - Information and Communication Technology (ICT) Sector

532E - Rental and Leasing Services, except ICT

This special aggregation 'Rental and Leasing Services, except ICT' comprises the portion of NAICS subsector 532 'Rental and Leasing Services' that does not relate to information and communication technology products

The NAICS subsector 532 'Rental and Leasing Services' 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 (51,533,54,71, )
- leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (52222, Sales Financing)
- leasing real property (531, Real Estate)
- employee leasing services (56133, Professional Employer Organizations)
- renting or leasing equipment with operators (classified in various subsectors of NAICS depending on the nature of the service provided, )

Variant of NAICS 2002 - Information and Communication Technology (ICT) Sector - Classification structure
Code Title
5321Automotive Equipment Rental and Leasing Automotive Equipment Rental and Leasing
5322Consumer Goods Rental Consumer Goods Rental
5323General Rental Centres General Rental Centres
5324ECommercial and Industrial Machinery and Equipment Rental and Leasing, except ICT Commercial and Industrial Machinery and Equipment Rental and Leasing, except ICT
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