NAICS Code 532420-07 - Leasing Equipment

Marketing Level - NAICS 8-Digit

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NAICS Code 532420-07 Description (8-Digit)

Leasing Equipment is a subdivision of the NAICS Code 532420, which involves the rental and leasing of office machinery and equipment. This industry is focused on providing businesses with the necessary equipment to operate their day-to-day activities without the need for a large capital investment. Leasing Equipment companies offer a wide range of equipment, from heavy machinery to specialized tools, to meet the needs of their clients. This industry is highly competitive, and companies must stay up-to-date with the latest technology and equipment to remain relevant.

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 532420 page

Tools

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

  • Forklifts
  • Cranes
  • Excavators
  • Bulldozers
  • Skid Steer Loaders
  • Backhoes
  • Scissor Lifts
  • Boom Lifts
  • Air Compressors
  • Welding Equipment
  • Power Tools
  • Scaffolding
  • Concrete Mixers
  • Pressure Washers
  • Generators
  • Lighting Equipment
  • Surveying Equipment
  • Traffic Control Equipment
  • HVAC Equipment
  • Medical Equipment

Industry Examples of Leasing Equipment

Common products and services typical of NAICS Code 532420-07, illustrating the main business activities and contributions to the market.

  • Construction Equipment Leasing
  • Industrial Equipment Leasing
  • Agricultural Equipment Leasing
  • Medical Equipment Leasing
  • Transportation Equipment Leasing
  • Material Handling Equipment Leasing
  • Mining Equipment Leasing
  • Oil and Gas Equipment Leasing
  • Event Equipment Leasing
  • Audiovisual Equipment Leasing

History

A concise historical narrative of NAICS Code 532420-07 covering global milestones and recent developments within the United States.

  • The leasing equipment industry has a long history dating back to the early 20th century when companies began leasing equipment to farmers. In the 1950s, the industry expanded to include leasing of office equipment such as typewriters and adding machines. The industry continued to grow in the 1960s and 1970s with the introduction of computer leasing. In recent years, the industry has seen significant growth due to the rise of the sharing economy and the increasing popularity of equipment leasing for small businesses. In the United States, the industry has seen a surge in demand for construction equipment leasing due to the growth of the construction industry and the need for specialized equipment.