Commercial and industrial machinery and equipment rental and leasing (NAICS 532411) industry trends
The commercial and industrial machinery and equipment rental leasing industry includes firms involved in construction, transportation, mining and forestry machinery and equipment rental and leasing and office machinery and equipment rental and leasing. Construction, transportation, mining and forestry machinery and equipment rental and leasing firms rent or lease aircraft, railroad cars, steamships, tugboats, bulldozers and other machinery and equipment. Office machinery and equipment rental and leasing firms rent or lease computers, office furniture, duplicating machines or facsimile machines. Firms in this industry provide capital or investment-type equipment for their clients’ business operations. These firms generally do not own a store-front facility.
The Census Bureau’s most recent data indicates that there are approximately 14,245 firms within this industry. The majority of firms within this industry are involved in heavy machinery rental and leasing.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 16.90 percent. During this time, the average gross profit margin was 69.52 percent.
The graph below shows business statistics for the average company in the commercial and industrial machinery and equipment rental and leasing industry.
