532411

Analysis

NAICS 532411 is the 2022 national industry for commercial air, rail, and water transportation equipment rental and leasing, part of 53241 (Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing). Census lists 11 example activities under it in the official index.

County Business Patterns counts 647 US establishments in this code in 2023, employing 4,696 people at an average annual payroll of $148,452 per employee (97th percentile of national industries). 75% of the establishments have fewer than five employees, which marks it as a small-business industry.

By establishments it ranks 2nd of the 2 codes at this level within Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, with 10.5% of them.

Its index entries, the activities Census uses to assign businesses to this code, include aircraft rental or leasing without operator, airplane rental or leasing without operator, barge rental or leasing without crew and boat rental (except pleasure) without crew, among 11 in all.

For example, renting pleasure boats are classified in 532284 (Recreational Goods Rental) instead.

Census lists 2 related activities that belong elsewhere, most often in 532284 and 5321. 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.