NAICS 2022 · in 53241
532412
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
Analysis
NAICS 532412 is the 2022 national industry for construction, mining, and forestry machinery and equipment rental and leasing, part of 53241 (Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing). Census lists 13 example activities under it in the official index.
County Business Patterns counts 5,495 US establishments in this code in 2023, employing 74,730 people at an average annual payroll of $90,948 per employee (79th percentile of national industries). 36% of the establishments have fewer than five employees, which is close to the national mix.
Between 2018 and 2023 the number of establishments grew 15% and employment rose 19%. 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.
By establishments it ranks 1st of the 2 codes at this level within Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, with 89.5% of them.
Census lists 5 related activities that belong elsewhere, most often in 238990, 238910, 21311 and 115310. 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.
Its index entries, the activities Census uses to assign businesses to this code, include bulldozer rental or leasing without operator, construction form rental, construction machinery and equipment rental or leasing… and crane rental or leasing without operator, among 13 in all.
Official definition
This U.S. industry comprises establishments primarily engaged in renting or leasing heavy equipment without operators that may be used for construction, mining, or forestry, such as 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 cranes with operators | 238990 All Other Specialty Trade Contractors |
| Renting or leasing construction equipment with operators (except cranes) | 238910 Site Preparation Contractors |
| Renting or leasing heavy equipment for mining with operators | 21311 Support Activities for Mining |
| Renting or leasing heavy equipment for forestry with operators | 115310 Support Activities for Forestry |
| Leasing heavy equipment in combination with providing loans to buyers of such equipment | 52 Finance and Insurance |
Index entries (13)
- Bulldozer rental or leasing without operator
- Construction form rental
- Construction machinery and equipment rental or leasing without operator
- Crane rental or leasing without operator
- Earthmoving equipment rental or leasing without operator
- Forestry machinery and equipment rental or leasing
- Heavy construction equipment rental without operator
- Logging equipment rental or leasing without operator
- Mining machinery and equipment rental or leasing
- Oil field machinery and equipment rental or leasing
- Oil well drilling machinery and equipment rental or leasing
- Welding equipment rental or leasing
- Well drilling machinery and equipment rental or leasing