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NAICS Code 532120-11 Description (8-Digit)

The Trailers-Boat-Renting industry involves the rental and leasing of trailers specifically designed for transporting boats. These trailers are typically equipped with features such as adjustable bunks, winches, and rollers to ensure the safe and secure transportation of boats. Companies in this industry may also offer additional services such as boat storage and maintenance.

Hierarchy Navigation for NAICS Code 532120-11

Tools

Tools commonly used in the Trailers-Boat-Renting industry for day-to-day tasks and operations.

  • Boat trailer hitch
  • Winch strap
  • Trailer jack
  • Boat trailer guide-ons
  • Trailer lights
  • Boat trailer tires
  • Trailer brake controller
  • Trailer hitch lock
  • Trailer spare tire carrier
  • Trailer bunk carpet

Industry Examples of Trailers-Boat-Renting

Common products and services typical of NAICS Code 532120-11, illustrating the main business activities and contributions to the market.

  • Boat trailer rental
  • Boat trailer leasing
  • Boat trailer storage and rental
  • Boat trailer maintenance and rental
  • Boat trailer transport rental

Certifications, Compliance and Licenses for NAICS Code 532120-11 - Trailers-Boat-Renting

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

  • Boating Safety Certificate: This certificate is required for anyone operating a motorized boat in the US. It is issued by the National Association of State Boating Law Administrators (NASBLA) and can be obtained by completing a boating safety course.
  • Commercial Driver's License (CDL): A CDL is required for anyone operating a vehicle with a gross weight of over 26,000 pounds or carrying hazardous materials. It is issued by the Department of Transportation (DOT) and requires passing a written and driving test.
  • Business License: A business license is required for any business operating in the US. The requirements vary by state and local jurisdiction. It is issued by the local government and requires filling out an application and paying a fee.
  • Sales Tax Permit: A sales tax permit is required for any business selling goods or services subject to sales tax. The requirements vary by state and local jurisdiction. It is issued by the state government and requires filling out an application and paying a fee.
  • Insurance: Trailer rental businesses should have liability insurance to protect against accidents and damage to the trailer. The requirements vary by state and local jurisdiction. Insurance can be obtained from a variety of providers.

History

A concise historical narrative of NAICS Code 532120-11 covering global milestones and recent developments within the United States.

  • The "Trailers-Boat-Renting" industry has a long history dating back to the early 20th century when recreational boating became popular in the United States. In the 1920s, boat rental businesses started to emerge in coastal areas, and by the 1950s, the industry had expanded to include trailer rentals for boating enthusiasts. In the 1960s, the industry experienced significant growth due to the increasing popularity of recreational boating and the rise of the middle class. In recent years, the industry has continued to grow due to the increasing demand for outdoor recreational activities and the popularity of boating and fishing. In the United States, the industry has also been impacted by the COVID-19 pandemic, with many people turning to outdoor activities like boating and camping as a way to safely enjoy leisure time.

Future Outlook for Trailers-Boat-Renting

The anticipated future trajectory of the NAICS 532120-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Trailers-Boat-Renting industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of recreational boating and fishing activities. The rise in disposable income and the growing interest in outdoor activities are also expected to contribute to the growth of the industry. Additionally, the industry is likely to benefit from the increasing demand for eco-friendly and sustainable boating practices. However, the industry may face challenges due to the increasing competition from peer-to-peer boat rental platforms and the rising cost of boat ownership. Overall, the Trailers-Boat-Renting industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 532120-11

Recent groundbreaking advancements and milestones in the Trailers-Boat-Renting industry, reflecting notable innovations that have reshaped its landscape.

  • Online Booking Platforms: Many Trailers-Boat-Renting companies have developed online booking platforms that allow customers to easily book and pay for boat rentals online, making the rental process more convenient and efficient.
  • Mobile Apps: Some companies have developed mobile apps that allow customers to easily find and book boat rentals, as well as access information about the boats and the rental process.
  • Eco-Friendly Boats: Some Trailers-Boat-Renting companies have started offering eco-friendly boats that use electric or hybrid engines, reducing the environmental impact of boating activities.
  • Virtual Reality Tours: Some companies have started offering virtual reality tours of their boats, allowing customers to experience the boats before renting them.
  • Contactless Rental Process: In response to the COVID-19 pandemic, many Trailers-Boat-Renting companies have implemented contactless rental processes, allowing customers to complete the rental process without physical contact with staff.

NAICS Code 532120-11 - Trailers-Boat-Renting

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