NAICS 2022 · in 5324
53241
Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
Analysis
NAICS 53241 is the 2022 NAICS industry for construction, transportation, mining, and forestry machinery and equipment rental and leasing, part of 5324 (Commercial and Industrial Machinery and Equipment Rental and Leasing). Census lists 24 example activities under it in the official index.
County Business Patterns counts 6,142 US establishments in this code in 2023, employing 79,426 people at an average annual payroll of $94,348 per employee (80th percentile of national industries). 40% of the establishments have fewer than five employees, which is close to the national mix.
Between 2018 and 2023 the number of establishments grew 13% and employment rose 18%. 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.
Census lists 5 related activities that belong elsewhere, most often in 5321, 2389, 21311 and 11531. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
Across its national industries Census lists 24 index entries; typical ones are aircraft rental or leasing without operator and bulldozer rental or leasing without operator.
It splits into 2 more detailed codes. The largest by establishments is 532412 (Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing) with 5,495.
Official definition
This industry comprises establishments primarily engaged in renting or leasing one or more of the following without operators: heavy construction, off-highway transportation, mining, and forestry machinery and equipment. Establishments in this industry may rent or lease products, such as aircraft, railroad cars, steamships, tugboats, bulldozers, earthmoving equipment, well drilling machinery and equipment, or cranes.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Renting or leasing automobiles or trucks without operators | 5321 Automotive Equipment Rental and Leasing |
| Renting or leasing heavy construction equipment with operators | 2389 Other Specialty Trade Contractors |
| Renting or leasing heavy equipment for mining with operators | 21311 Support Activities for Mining |
| Renting or leasing heavy equipment for forestry with operators | 11531 Support Activities for Forestry |
| Leasing heavy equipment in combination with providing loans to buyers of such equipment | 52 Finance and Insurance |
Index entries (24)
- Aircraft rental or leasing without operator
- Bulldozer rental or leasing without operator