NAICS Code 532120-08 - Recreational Vehicles-Renting & Leasing

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NAICS Code 532120-08 Description (8-Digit)

The Recreational Vehicles-Renting & Leasing industry involves the renting and leasing of recreational vehicles such as motorhomes, campervans, and travel trailers to individuals and businesses for short-term or long-term use. This industry caters to customers who are looking for a unique and adventurous way to travel and explore different destinations. Recreational vehicle rental and leasing companies provide a range of services such as vehicle maintenance, insurance, and roadside assistance to ensure a hassle-free experience for their customers.

Hierarchy Navigation for NAICS Code 532120-08

Tools

Tools commonly used in the Recreational Vehicles-Renting & Leasing industry for day-to-day tasks and operations.

  • GPS navigation systems
  • RV leveling blocks
  • Water pressure regulators
  • Sewer hoses and connectors
  • Propane gas detectors
  • Wheel chocks
  • RV surge protectors
  • Electrical adapters
  • RV awning lights
  • Portable grills

Industry Examples of Recreational Vehicles-Renting & Leasing

Common products and services typical of NAICS Code 532120-08, illustrating the main business activities and contributions to the market.

  • Motorhome rentals
  • Camper van rentals
  • Travel trailer rentals
  • Fifth wheel rentals
  • Pop-up camper rentals
  • Toy hauler rentals
  • Class A RV rentals
  • Class B RV rentals
  • Class C RV rentals
  • RV sharing platforms

Certifications, Compliance and Licenses for NAICS Code 532120-08 - Recreational Vehicles-Renting & Leasing

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Commercial Driver's License (CDL): A CDL is required to operate a recreational vehicle that weighs over 26,000 pounds or carries more than 16 passengers. The Federal Motor Carrier Safety Administration (FMCSA) provides information on obtaining a CDL.
  • RVDA-RVIA RV Service Technician Certification: This certification is offered by the Recreation Vehicle Dealers Association (RVDA) and the Recreation Vehicle Industry Association (RVIA) and is designed to ensure that technicians have the necessary skills and knowledge to repair and maintain recreational vehicles.
  • National RV Training Academy Certification: The National RV Training Academy offers a variety of certifications for individuals who want to work in the recreational vehicle industry, including certifications for RV inspectors, technicians, and service writers.
  • National Safety Council Defensive Driving Course: This course provides drivers with the knowledge and skills necessary to avoid accidents and reduce the risk of injury while driving. The National Safety Council offers both online and in-person courses.
  • OSHA General Industry Training: The Occupational Safety and Health Administration (OSHA) provides training for workers in a variety of industries, including the rental and leasing of recreational vehicles. This training covers topics such as hazard communication, personal protective equipment, and emergency action plans.

History

A concise historical narrative of NAICS Code 532120-08 covering global milestones and recent developments within the United States.

  • The recreational vehicles-renting & leasing industry has a long history dating back to the early 1900s when the first recreational vehicles were built. In the 1920s, recreational vehicles became more popular, and the first RV rental company was established in Los Angeles. The industry continued to grow, and in the 1960s, the first motorhomes were introduced. In recent years, the industry has seen significant growth due to the rise of the sharing economy and the popularity of road trips. In the United States, the industry has seen a surge in demand for RV rentals, especially during the COVID-19 pandemic, as people look for safe and socially distanced ways to travel domestically. Source: https://www.ibisworld.com/united-states/recreational-vehicles-renting-leasing-industry/

Future Outlook for Recreational Vehicles-Renting & Leasing

The anticipated future trajectory of the NAICS 532120-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The recreational vehicles-renting and leasing industry in the USA is expected to experience growth in the coming years. The industry is expected to benefit from the increasing popularity of road trips and camping, as well as the growing trend of experiential travel. Additionally, the industry is expected to benefit from the increasing number of baby boomers who are retiring and have more time and money to travel. However, the industry may face challenges due to the increasing popularity of home-sharing platforms like Airbnb, which may reduce demand for RV rentals. Additionally, the industry may face challenges due to the increasing cost of fuel and the increasing regulations on emissions. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 532120-08

Recent groundbreaking advancements and milestones in the Recreational Vehicles-Renting & Leasing industry, reflecting notable innovations that have reshaped its landscape.

  • Rvshare: RVshare is a peer-to-peer RV rental platform that allows RV owners to rent out their RVs to travelers. The platform has been growing in popularity in recent years and has been expanding its offerings to include more types of RVs and more locations.
  • Outdoorsy: Outdoorsy is another peer-to-peer RV rental platform that has been growing in popularity in recent years. The platform offers a wide range of RVs, from small campervans to large motorhomes, and has been expanding its offerings to include more locations.
  • RV Trip Wizard: RV Trip Wizard is a trip planning tool that helps RVers plan their trips more efficiently. The tool allows users to input their RV specifications and travel preferences and then generates a customized trip plan that takes into account factors like road conditions, fuel stops, and RV parks.
  • Rvshare Roadside Assistance: RVshare offers a roadside assistance program that provides 24/7 support to renters in case of emergencies like flat tires, dead batteries, or lockouts. The program gives renters peace of mind and helps ensure that their trips go smoothly.
  • Rvshare Protection Packages: RVshare offers a range of protection packages that provide renters with additional coverage and peace of mind. The packages include things like collision damage coverage, trip cancellation coverage, and emergency medical and travel assistance.

NAICS Code 532120-08 - Recreational Vehicles-Renting & Leasing

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