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

• Trailer hitch
• Trailer jack
• Ratchet straps
• Tie-downs
• Load binders
• Cargo nets
• Trailer locks
• Trailer brake controller
• Trailer wiring harness
• Trailer tires

Common products and services typical of NAICS Code 532120-15, illustrating the main business activities and contributions to the market.

• Cargo trailer rental
• Flatbed truck rental
• Dump trailer rental
• Refrigerated trailer rental
• Utility trailer rental
• Box truck rental
• Semi-truck rental
• Car carrier rental
• Horse trailer rental
• Livestock trailer rental

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 commercial vehicle, including trucks and trailers. The Federal Motor Carrier Safety Administration (FMCSA) provides information on obtaining a CDL.
• Hazardous Materials Endorsement (HME): An HME is required to transport hazardous materials. The Transportation Security Administration (TSA) provides information on obtaining an HME.
• International Fuel Tax Agreement (IFTA) License: An IFTA license is required for vehicles that travel across state lines and transport goods. The International Fuel Tax Association (IFTA) provides information on obtaining an IFTA license.
• Unified Carrier Registration (UCR): A UCR is required for companies that operate commercial vehicles in interstate commerce. The UCR Agreement provides information on obtaining a UCR.
• Federal Motor Carrier Safety Regulations (FMCSR): The FMCSR outlines the safety regulations for commercial vehicles, including trucks and trailers. The FMCSA provides information on the FMCSR.

A concise historical narrative of NAICS Code 532120-15 covering global milestones and recent developments within the United States.

• The "Trailers-Truck-Renting & Leasing" industry has a long history dating back to the early 20th century when the first truck rental companies were established in the United States. In the 1920s, the industry experienced significant growth due to the increasing demand for commercial transportation. The industry continued to grow throughout the 20th century, with the introduction of new technologies such as GPS tracking and online booking systems. In recent years, the industry has seen a shift towards more sustainable practices, with many companies investing in electric and hybrid trucks. In the United States, the industry has also been impacted by the COVID-19 pandemic, with many companies experiencing a decline in demand due to reduced economic activity and travel restrictions.

The anticipated future trajectory of the NAICS 532120-15 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-Truck-Renting & Leasing industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for rental and leasing services for trailers and trucks. The growth of the e-commerce industry and the need for transportation of goods is expected to drive the demand for rental and leasing services. Additionally, the increasing popularity of recreational vehicles and the growing trend of road trips are expected to boost the demand for RV rentals. The industry is also expected to benefit from the increasing adoption of telematics technology, which helps in tracking the location and condition of rental vehicles. However, the industry may face challenges due to the shortage of drivers and the increasing competition from ride-sharing services. Overall, the industry is expected to grow at a steady pace in the coming years.

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

• Online Booking Platforms: Many companies in the Trailers-Truck-Renting & Leasing industry have launched online booking platforms that allow customers to book rental vehicles online. This has made the booking process more convenient and has helped in increasing the customer base.
• Telematics Technology: Many companies have started using telematics technology to track the location and condition of rental vehicles. This has helped in reducing the risk of theft and damage to rental vehicles and has also improved the efficiency of fleet management.
• Eco-Friendly Vehicles: Some companies have started offering eco-friendly rental vehicles that run on alternative fuels such as electricity or natural gas. This has helped in reducing the carbon footprint of the industry and has also attracted environmentally conscious customers.
• Mobile Apps: Many companies have launched mobile apps that allow customers to book rental vehicles, track their location, and manage their rental agreements. This has made the rental process more convenient and has helped in improving customer satisfaction.
• Contactless Rental: In response to the COVID-19 pandemic, many companies have started offering contactless rental services that allow customers to book and pick up rental vehicles without any physical contact. This has helped in ensuring the safety of customers and employees.