Major Group SIC 7353 - Heavy Construction Equipment Rental A...

SIC 7353 - Heavy Construction Equipment Rental And Leasing

SIC 73 - Business Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 735 - Miscellaneous Equipment Rental And Leasing
  SIC 731 - Advertising SIC 732 - Consumer Credit Reporting Agencies, Mercantile Reporting Agencies SIC 733 - Mailing, Reproduction, Commercial Art and Photography, and Stenographic SIC 734 - Services To Dwellings And Other Buildings SIC 735 - Miscellaneous Equipment Rental And Leasing SIC 736 - Personnel Supply Services SIC 737 - Computer Programming Services SIC 738 - Miscellaneous Business Services
  - SIC 7353 - Heavy Construction Equipment Rental And Leasing
    SIC 7352 - Medical Equipment Rental And Leasing SIC 7353 - Heavy Construction Equipment Rental And Leasing SIC 7359 - Equipment Rental And Leasing, Not Elsewhere Classified

Establishments primarily engaged in renting or leasing (except finance leasing) heavy construction equipment, with or without operators. Establishments primarily engaged in finance leasing are classified in Finance, Industry 6159.

Industry trends:

The heavy construction equipment rental and leasing industry (NAICS 7353) is witnessing several notable trends. There is an increasing preference for renting over purchasing equipment due to the significant cost savings and flexibility it offers. Companies are focusing more on operational efficiency by renting machinery that meets the latest emissions standards, driven by growing environmental regulations and sustainability goals. The technological advancements in equipment, such as GPS integration, telematics, and IoT devices, are enhancing fleet management capabilities and operational efficiency, which are highly valued by renters.

Market forecasts indicate that the demand for heavy construction equipment rentals will continue to grow, propelled by ongoing infrastructure projects and urbanization trends, especially in emerging economies. The global construction sector's recovery post-COVID-19 is expected to further boost equipment rental activities. Additionally, rental companies with a diverse range of well-maintained and technologically advanced equipment are likely to gain a competitive edge.

Overall, the industry's focus is shifting towards more sustainable and technologically integrated solutions, with a strong emphasis on meeting environmental standards and operational efficiency. These trends suggest a positive growth trajectory in the near future, supported by increasing infrastructure investments and innovations in equipment technology.

This industry is comprised of:

Bulldozer rental and leasing

Construction equipment, heavy: rental and leasing

Crane rental and leasing

Earth moving equipment rental and leasing

Explore related industries:

SIC 3531 - Construction Machinery And Equipment SIC 5082 - Construction And Mining (except Petroleum) Machinery And Equipment SIC 7513 - Truck Rental And Leasing, Without Drivers

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