Analysis
NAICS 5324 is the 2022 industry group for commercial and industrial machinery and equipment rental and leasing, part of 532 (Rental and Leasing Services). Census lists 76 example activities under it in the official index.
County Business Patterns counts 17,084 US establishments in this code in 2023, employing 217,838 people at an average annual payroll of $82,379 per employee (71st percentile of national industries). 41% of the establishments have fewer than five employees, which is close to the national mix.
By establishments it ranks 1st of the 4 codes at this level within Rental and Leasing Services, with 32.8% of them.
Across its national industries Census lists 76 index entries; typical ones are aircraft rental or leasing without operator, bulldozer rental or leasing without operator, cash register rental or leasing and agricultural machinery and equipment rental or leasing.
Between 2018 and 2023 the number of establishments grew 8% and employment rose 14%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
It splits into 3 more detailed codes. The largest by establishments is 53249 (Other Commercial and Industrial Machinery and Equipment Rental and Leasing) with 10,248.
Official definition
This industry group comprises establishments primarily engaged in renting or leasing commercial-type and industrial-type machinery and equipment. Establishments included in this industry group are generally involved in providing capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-like or storefront facility.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (76)
- Aircraft rental or leasing without operator
- Bulldozer rental or leasing without operator
- Cash register rental or leasing
- Agricultural machinery and equipment rental or leasing