NAICS Code 532310-01 - Leasing Service

Marketing Level - NAICS 8-Digit

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NAICS Code 532310-01 Description (8-Digit)

Leasing service is a subdivision of the NAICS Code 532310 that involves the rental of equipment, machinery, and other assets to businesses and individuals for a specified period of time. Unlike renting, leasing typically involves a longer-term commitment and may include maintenance and repair services. Leasing service providers offer a range of options to meet the needs of their clients, including operating leases, finance leases, and sale and leaseback arrangements. This industry is highly diverse and includes companies that lease everything from cars and trucks to construction equipment and office furniture.

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 532310 page

Tools

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

  • Lease management software
  • Asset tracking software
  • Customer relationship management (CRM) software
  • Accounting software
  • Electronic signature software
  • Fleet management software
  • Maintenance management software
  • Inventory management software
  • Payment processing software
  • Risk management software

Industry Examples of Leasing Service

Common products and services typical of NAICS Code 532310-01, illustrating the main business activities and contributions to the market.

  • Car leasing
  • Construction equipment leasing
  • Office equipment leasing
  • Medical equipment leasing
  • Aircraft leasing
  • Technology equipment leasing
  • Farm equipment leasing
  • Musical instrument leasing
  • Heavy machinery leasing
  • Commercial real estate leasing

History

A concise historical narrative of NAICS Code 532310-01 covering global milestones and recent developments within the United States.

  • The leasing service industry has a long history dating back to the early 20th century when leasing was primarily used for transportation equipment such as railcars and trucks. In the 1950s, leasing expanded to include office equipment and other machinery. The industry continued to grow in the 1970s and 1980s, with the introduction of computer leasing and the rise of the leasing of medical equipment. In recent years, the industry has seen a shift towards the leasing of renewable energy equipment, such as solar panels and wind turbines. In the United States, the industry has experienced significant growth in the past decade, with the rise of the sharing economy and the increased demand for short-term rentals of equipment and vehicles.