Industry Description
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.
Cross-References. Establishments primarily engaged in--
Business Examples
Common types of business activities within NAICS 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing are:
- Construction form rental
- Heavy construction equipment rental without operator
- Logging equipment rental or leasing without operator
- Earthmoving equipment rental or leasing without operator
- Welding equipment rental or leasing
- Well drilling machinery and equipment rental or leasing
- Bulldozer rental or leasing without operator
- Oil field machinery and equipment rental or leasing
- Construction machinery and equipment rental or leasing without operator
- Forestry machinery and equipment rental or leasing
- Mining machinery and equipment rental or leasing
- Oil well drilling machinery and equipment rental or leasing
- Crane rental or leasing without operator
IBISWorld Industry Research Report
Heavy Equipment Rental in the US (53241)
Revenue 2025
$55.5bn
Growth 2025
1.41%
Key Trends
Rising demand from downstream markets has supported industry revenue growth
Due to the coronavirus pandemic, beneficial trends receded in 2020
Industry profit will likely rise due to operators being able to charge higher rental rates
Products and Services
Similar Industries
For some business types, there may be a similar industry to 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Renting or leasing heavy equipment for forestry with operators--are classified in Industry 115310, Support Activities for Forestry; and
IBISWorld industry research report
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NAICS Cross Reference
Renting or leasing heavy equipment for mining with operators--are classified in Industry 21311, Support Activities for Mining;
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NAICS Cross Reference
Renting or leasing construction equipment with operators (except cranes)--are classified in Industry 238910, Site Preparation Contractors;
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NAICS Cross Reference
Renting or leasing cranes with operators--are classified in Industry 238990, All Other Specialty Trade Contractors;
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NAICS Cross Reference
Leasing heavy equipment in combination with providing loans to buyers of such equipment--are classified in Sector 52, Finance and Insurance.
IBISWorld industry research report
NAICS Hierarchy 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
NAICS Code 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing sits in the 2-digit Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 53
Sector Title: Real Estate and Rental and Leasing
3 Digits 4 Digits 5 Digits 6 Digits
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5311 Lessors of Real Estate
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53111 Lessors of Residential Buildings and Dwellings
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53112 Lessors of Nonresidential Buildings (except Miniwarehouses
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53113 Lessors of Miniwarehouses and Self-Storage Units
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53119 Lessors of Other Real Estate Property
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5312 Offices of Real Estate Agents and Brokers
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53121 Offices of Real Estate Agents and Brokers
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5313 Activities Related to Real Estate
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53131 Real Estate Property Managers
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53132 Offices of Real Estate Appraisers
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53139 Other Activities Related to Real Estate
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5321 Automotive Equipment Rental and Leasing
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53211 Passenger Car Rental and Leasing
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53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
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5322 Consumer Goods Rental
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53221 Consumer Electronics and Appliances Rental
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53228 Other Consumer Goods Rental
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5323 General Rental Centers
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53231 General Rental Centers
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5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
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53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
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53242 Office Machinery and Equipment Rental and Leasing
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53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
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5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing.
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