NAICS Code 532289-43 - Tools-Renting

Marketing Level - NAICS 8-Digit

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NAICS CODE 532289-43
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NAICS Code 532289-43 Description (8-Digit)

Tools-Renting is a business activity that involves renting out a variety of tools and equipment to individuals and businesses for a specified period of time. This industry provides a cost-effective solution for those who require tools for a short-term project or for those who do not want to invest in purchasing expensive tools. Tools-Renting companies offer a wide range of tools and equipment for various industries, including construction, landscaping, plumbing, electrical, and more.

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 532289 page

Tools

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

  • Power drills
  • Saws (circular, reciprocating, jigsaws)
  • Sanders (belt, orbital)
  • Nail guns
  • Air compressors
  • Pressure washers
  • Concrete mixers
  • Jackhammers
  • Welders
  • Generators
  • Plumbing snakes
  • Drain cleaners
  • Pipe cutters
  • Tile saws
  • Lawn mowers
  • Hedge trimmers
  • Chainsaws
  • Leaf blowers
  • Power washers
  • Paint sprayers

Industry Examples of Tools-Renting

Common products and services typical of NAICS Code 532289-43, illustrating the main business activities and contributions to the market.

  • Construction
  • Landscaping
  • Plumbing
  • Electrical
  • HVAC
  • Automotive
  • Carpentry
  • Masonry
  • Roofing
  • Painting

History

A concise historical narrative of NAICS Code 532289-43 covering global milestones and recent developments within the United States.

  • The "Tools-Renting" industry has a long history dating back to the early 20th century when the first rental stores were established in the United States. These stores rented out basic tools such as hammers, saws, and drills to homeowners and small contractors. The industry grew rapidly during the post-World War II period as the construction industry boomed, and more people began to take on DIY projects. In the 1970s, the industry expanded to include larger equipment such as bulldozers, cranes, and excavators. In recent years, the industry has seen significant growth due to the rise of the sharing economy and the increasing popularity of DIY projects. The industry has also benefited from advancements in technology, such as the development of online rental platforms that make it easier for customers to find and rent tools. In the United States, the "Tools-Renting" industry has experienced steady growth over the past decade. The industry has benefited from the recovery of the construction industry following the 2008 financial crisis, as well as the increasing popularity of DIY projects. The industry has also seen significant growth due to the rise of the sharing economy and the increasing popularity of online rental platforms. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which has led to a slowdown in construction activity and a decrease in consumer spending. However, the industry is expected to recover in the coming years as the economy recovers and construction activity picks up again.