Tools commonly used in the Misc Equipment-Rental & Leasing industry for day-to-day tasks and operations.

• Scaffolding
• Power tools (e.g. drills, saws, sanders)
• Generators
• Air compressors
• Welding equipment
• Concrete mixers
• Lawn mowers
• Pressure washers
• Lighting equipment
• Tents and canopies
• Audio and visual equipment
• Party supplies (e.g. tables, chairs, linens)

Common products and services typical of NAICS Code 532310-04, illustrating the main business activities and contributions to the market.

• Construction equipment rental
• Event equipment rental
• Film and photography equipment rental
• Industrial machinery leasing
• Office equipment rental
• Musical instrument rental
• Medical equipment rental
• Fitness equipment rental
• Computer and technology equipment rental
• Agricultural equipment rental

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

• Occupational Safety and Health Administration (OSHA) Certification: This certification is required for workers who operate heavy machinery and equipment. It ensures that workers are trained in the safe operation of equipment and machinery. The certification is provided by the Occupational Safety and Health Administration (OSHA).
• Commercial Driver's License (CDL): A CDL is required for drivers who operate commercial vehicles, including trucks and buses. It ensures that drivers are trained in the safe operation of commercial vehicles. The certification is provided by the Federal Motor Carrier Safety Administration (FMCSA).
• Environmental Protection Agency (EPA) Certification: This certification is required for workers who handle refrigerants, such as those used in air conditioning and refrigeration systems. It ensures that workers are trained in the safe handling of refrigerants and the proper disposal of refrigerant-containing equipment. The certification is provided by the Environmental Protection Agency (EPA).
• National Commission for the Certification Of Crane Operators (NCCCO) Certification: This certification is required for workers who operate cranes. It ensures that workers are trained in the safe operation of cranes and the proper use of rigging equipment. The certification is provided by the National Commission for the Certification of Crane Operators (NCCCO).
• American Rental Association (ARA) Certification: This certification is not required, but it is recommended for workers in the equipment rental industry. It ensures that workers are trained in the proper use and maintenance of rental equipment. The certification is provided by the American Rental Association (ARA).

A concise historical narrative of NAICS Code 532310-04 covering global milestones and recent developments within the United States.

• The Misc Equipment-Rental & Leasing industry has a long history dating back to the early 20th century when the first rental companies were established in the United States. The industry has since grown to become a global phenomenon, with rental companies operating in various countries worldwide. In the early days, rental companies primarily focused on renting out construction equipment, but over time, the industry has expanded to include a wide range of equipment, including party and event equipment, audiovisual equipment, and office equipment. In recent years, the industry has seen significant growth due to the increasing popularity of the sharing economy and the rise of online rental platforms. In the United States, the Misc Equipment-Rental & Leasing industry has experienced significant growth in recent years, with revenue increasing steadily since 2015. The growth can be attributed to several factors, including the increasing popularity of online rental platforms, the growing demand for rental equipment in the construction industry, and the rise of the gig economy. The industry has also benefited from the increasing focus on sustainability, with many companies opting to rent equipment rather than purchasing it outright. Overall, the industry is expected to continue growing in the coming years, driven by the increasing demand for rental equipment across various sectors.

The anticipated future trajectory of the NAICS 532310-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Misc Equipment-Rental & Leasing industry in the USA is positive. The industry is expected to grow due to the increasing demand for rental equipment from various sectors such as construction, healthcare, and entertainment. The rise in construction activities and infrastructure development projects is expected to drive the demand for rental equipment. Additionally, the increasing trend of renting equipment instead of purchasing it due to the high cost of ownership is expected to boost the industry's growth. The industry is also expected to benefit from the increasing adoption of advanced technologies such as telematics and IoT, which enable equipment rental companies to monitor and manage their equipment more efficiently. However, the industry may face challenges such as rising competition and the impact of the COVID-19 pandemic on the economy.

Recent groundbreaking advancements and milestones in the Misc Equipment-Rental & Leasing industry, reflecting notable innovations that have reshaped its landscape.

• Online Rental Platforms: Many equipment rental companies are now offering online rental platforms that allow customers to browse and rent equipment online, making the rental process more convenient and efficient.
• Advanced Telematics: Equipment rental companies are increasingly using telematics technology to monitor and manage their equipment remotely, reducing downtime and improving efficiency.
• Sustainable Equipment: Some equipment rental companies are now offering sustainable equipment options such as electric-powered equipment, reducing the environmental impact of equipment rental.
• Mobile Apps: Many equipment rental companies are now offering mobile apps that allow customers to manage their rentals, track equipment, and make payments from their mobile devices.
• Contactless Rental: In response to the COVID-19 pandemic, many equipment rental companies are now offering contactless rental options, allowing customers to rent equipment without physical contact with rental staff.