NAICS Code 532412-06 - Heavy Construction Equipment-Rental

Marketing Level - NAICS 8-Digit

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NAICS CODE 532412-06
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NAICS Code 532412-06 Description (8-Digit)

The Heavy Construction Equipment-Rental industry involves the renting and leasing of heavy machinery and equipment used in construction, mining, and forestry activities. This industry provides a cost-effective solution for companies that require specialized equipment for a limited period of time. Heavy Construction Equipment-Rental companies offer a wide range of equipment, including bulldozers, excavators, cranes, loaders, and backhoes, among others. These companies also provide maintenance and repair services for the equipment they rent out.

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 532412 page

Tools

Tools commonly used in the Heavy Construction Equipment-Rental industry for day-to-day tasks and operations.

  • Bulldozers
  • Excavators
  • Cranes
  • Loaders
  • Backhoes
  • Skid Steer Loaders
  • Motor Graders
  • Pavers
  • Compactors
  • Concrete Mixers

Industry Examples of Heavy Construction Equipment-Rental

Common products and services typical of NAICS Code 532412-06, illustrating the main business activities and contributions to the market.

  • Road Construction
  • Building Construction
  • Mining Operations
  • Forestry Operations
  • Landscaping Projects
  • Pipeline Construction
  • Demolition Projects
  • Quarry Operations
  • Heavy Hauling
  • Environmental Remediation

History

A concise historical narrative of NAICS Code 532412-06 covering global milestones and recent developments within the United States.

  • The Heavy Construction Equipment-Rental 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 market, with major players such as United Rentals, Sunbelt Rentals, and Hertz Equipment Rental Corporation dominating the market. Notable advancements in the industry include the development of telematics technology, which allows rental companies to track equipment usage and maintenance needs remotely. In recent years, the industry has also seen an increase in demand for environmentally friendly equipment, leading to the development of hybrid and electric-powered machinery. In the United States, the Heavy Construction Equipment-Rental industry has experienced significant growth in recent years, with revenue increasing from $38.5 billion in 2015 to $47.3 billion in 2019. This growth can be attributed to several factors, including an increase in construction activity, a rise in infrastructure spending, and a shift towards renting equipment rather than purchasing it outright. The industry has also seen advancements in technology, with the development of GPS tracking and remote monitoring systems, which have improved equipment utilization rates and reduced downtime. Overall, the Heavy Construction Equipment-Rental industry has a bright future ahead, with continued growth expected in the coming years.