NAICS Code 423820-06 - Farm Equipment-Renting (Wholesale)

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 423820 - Farm and Garden Machinery and Equipment Merchant Wholesalers - 7,534 companies, 26,898 emails.

NAICS Code 423820-06 Description (8-Digit)

Farm Equipment-Renting (Wholesale) is a subdivision of the NAICS Code 423820 that involves the renting of farm and garden machinery and equipment to businesses and individuals. This industry provides a cost-effective solution for those who require farm equipment for a short period of time or for those who cannot afford to purchase the equipment outright. The equipment rented out by these companies is typically used for agricultural purposes such as planting, harvesting, and transporting crops.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423820 page

Tools

Tools commonly used in the Farm Equipment-Renting (Wholesale) industry for day-to-day tasks and operations.

  • Tractors
  • Plows
  • Cultivators
  • Seeders
  • Spreaders
  • Harvesters
  • Balers
  • Mowers
  • Tillers
  • Sprayers

Industry Examples of Farm Equipment-Renting (Wholesale)

Common products and services typical of NAICS Code 423820-06, illustrating the main business activities and contributions to the market.

  • Tractor Rentals
  • Plow Rentals
  • Harvester Rentals
  • Seeder Rentals
  • Spreader Rentals
  • Baler Rentals
  • Mower Rentals
  • Tiller Rentals
  • Sprayer Rentals
  • Cultivator Rentals

History

A concise historical narrative of NAICS Code 423820-06 covering global milestones and recent developments within the United States.

  • The Farm Equipment-Renting (Wholesale) industry has a long history dating back to the early 20th century when farmers started renting equipment instead of buying it. This allowed farmers to access the latest technology without having to invest in expensive machinery. In the United States, the industry started to grow rapidly in the 1950s and 1960s as farmers began to specialize in specific crops and needed specialized equipment. The industry continued to grow in the 1970s and 1980s as farmers started to adopt new technologies such as GPS and precision agriculture. In recent years, the industry has continued to evolve with the introduction of new technologies such as drones and autonomous tractors. The Farm Equipment-Renting (Wholesale) industry in the United States has seen significant growth in recent years. According to a report by ResearchAndMarkets.com, the industry is expected to grow at a CAGR of 7.5% from 2020 to 2025. This growth is being driven by several factors, including the increasing demand for food due to population growth, the need for more efficient farming practices, and the adoption of new technologies. The industry is also benefiting from the trend towards sustainable agriculture, which is driving demand for equipment that can reduce the environmental impact of farming. Overall, the Farm Equipment-Renting (Wholesale) industry is poised for continued growth in the coming years.