Rental and Leasing Services Industry
Insights from D&B Hoovers

Industry Analysis

Description

Industries in the Rental and Leasing Services subsector include establishments that provide a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The subsector includes two main types of establishments: (1) those that are engaged in renting consumer goods and equipment and (2) those that are engaged in leasing machinery and equipment often used for business operations. The first type typically operates from a retail-like or storefront facility and maintains inventories of goods that are rented for short periods of time. The latter type typically does not operate from retail-like locations or maintain inventories, and offers longer-term leases. These establishments work directly with clients to enable them to acquire the use of equipment on a lease basis, or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and capital (i.e., finance) leases are included in this subsector. Establishments primarily engaged in leasing in combination with providing loans are classified in Sector 52, Finance and Insurance. Establishments primarily engaged in leasing real property are classified in Subsector 531, Real Estate. Establishments primarily engaged in renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this subsector since the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Likewise, since the provision of crop harvesting services includes both the equipment and operator, it is included in Subsector 115, Support Activities for Agriculture and Forestry. The rental or leasing of copyrighted works is classified in Sector 51, Information, and the rental or leasing of assets, such as patents, trademarks, and/or licensing agreements, is classified in Subsector 533, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works).

Industry Activities

Automobile rental
Car rental
Car rental agencies
Hearse rental without driver
Limousine rental without driver

Geographic Segmentation

See where the Rental and Leasing Services industry is concentrated geographically and research companies by financials and key corporate data.
Rental and Leasing Services Companies in this Country/Region:
Top Rental and Leasing Services Companies:
$57,459,763.27M | United Arab Emirates
$14,869,841.18M | Nigeria
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
$35,469.90M | Switzerland
Movers And Shakers
Sahil Gandhi, Chief Executive Officer at UNIQUE SYSTEM FZE
Engr. Onubogu Nelson Oseloka, Chief Executive Officer and Managing Director at DE COON SERVICES LIMITED
Daniel Brüllmann, Chairman of the Board at S.I. Pré Maudry C SA
Daniel Brüllmann, Chairman of the Board at S.I. Le Merle noir SA

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