The North American Industry Classification System (NAICS) code for equipment rental is 532412. This code includes businesses that rent or lease construction equipment, farm equipment, and tractors.
The rental or leasing of assets, such as patents, trademarks, and licensing agreements, is classified in Subsector 533, Lessors of Nonfinancial Intangible Assets. The purpose of creating this specific classification system was to establish a universal North American standard and provide a means for Federal Statistics Agencies to analyze and publicize statistical data related to the US economy.
NAICS is an acronym for North American Industry Classification System, established in 1997 to create more connectivity with statistical agencies of Mexico and Canada. A NAICS code is a six-digit numeric code. Understanding the NAICS code for your industry can help you identify competitors and benchmark against performance metrics.
The NAICS code for vacation rentals is 721310. This code specifically refers to:
- Vacation homes
- Apartments
- Cabin rentals
- Camps