NAICS Code 532120-16 - Truck Renting & Leasing

Marketing Level - NAICS 8-Digit

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NAICS CODE 532120-16
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Looking for more companies? See NAICS 532120 - Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing - 21,736 companies, 48,815 emails.

NAICS Code 532120-16 Description (8-Digit)

The Truck Renting & Leasing industry involves the short-term and long-term rental or leasing of trucks, utility trailers, and recreational vehicles (RVs) to businesses and consumers. This industry is essential for companies that require transportation for their goods or services but do not want to purchase and maintain their own fleet of vehicles. Truck renting and leasing companies offer a range of vehicles, from light-duty trucks to heavy-duty tractor-trailers, to meet the needs of their clients. These companies also provide maintenance and repair services to ensure that their vehicles are in good condition.

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 532120 page

Tools

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

  • GPS tracking systems
  • Fleet management software
  • Electronic logging devices
  • Tire pressure monitoring systems
  • Fuel management systems
  • Diagnostic tools
  • Brake testers
  • Lift gates
  • Cargo straps and tie-downs
  • Load securement equipment

Industry Examples of Truck Renting & Leasing

Common products and services typical of NAICS Code 532120-16, illustrating the main business activities and contributions to the market.

  • Commercial truck rental
  • Moving truck rental
  • Refrigerated truck rental
  • Dump truck rental
  • Flatbed truck rental
  • Box truck rental
  • Trailer rental
  • RV rental
  • Construction equipment rental
  • Waste management truck rental

History

A concise historical narrative of NAICS Code 532120-16 covering global milestones and recent developments within the United States.

  • The "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. During the 1920s and 1930s, the industry experienced significant growth due to the increasing demand for commercial transportation. In the 1950s and 1960s, the industry expanded its services to include leasing, which allowed businesses to rent trucks for longer periods. In the 1970s, the industry faced challenges due to the oil crisis, which led to a decline in demand for truck rentals. However, the industry recovered in the 1980s and 1990s due to the growth of the logistics industry and the increasing demand for transportation services. In recent years, the industry has continued to grow due to the increasing demand for e-commerce and the need for efficient transportation services. In the United States, the "Truck Renting & Leasing" industry has experienced significant growth in recent years. According to the American Trucking Associations, the industry generated $38.5 billion in revenue in 2019, up from $36.5 billion in 2018. The growth of the industry can be attributed to several factors, including the increasing demand for e-commerce, the growth of the logistics industry, and the need for efficient transportation services. In addition, the industry has benefited from technological advancements, such as the use of telematics and GPS tracking systems, which have improved the efficiency and safety of truck rentals and leasing. Overall, the "Truck Renting & Leasing" industry has a rich history and continues to play a vital role in the transportation sector.