NAICS Subsector 532: Rental and Leasing Services
Subsector
Definition
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.
Read the full definition
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 usually 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 nonfinancial intangible assets, such as patents, trademarks, and/or licensing agreements, is classified in Subsector 533, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works).
Code facts
- Part of
-
- 53
- Codes under it
- 4
- Contract awards
- 6,038 In the last 12 months
- Contract obligations
- $776,910,977 In FY2025
NAICS codes and definitions come from the U.S. Census Bureau and contract spending from SAM.gov/FPDS.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $8,575,449 |
| FY2026 | $958,162,685 |
| FY2025 | $776,910,977 |
| FY2024 | $824,897,670 |
| FY2023 | $853,141,715 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Gulfstream Aerospace Corporation | $187,605,004 | |
| 2 | EAN Holdings, LLC | $87,430,201 | |
| 3 | Tenax Aerospace LLC | $38,269,765 | |
| 4 | Cartridge Technologies, LLC | $35,781,796 | |
| 5 | Trident E&P, LLC | $23,518,864 | |
| 6 | Teya Support Services LLC | $22,212,836 | |
| 7 | CBJ Development Co | $21,421,731 | |
| 8 | Herc Rentals Inc. | $12,266,394 | |
| 9 | Commonwealth Home Health Care, Inc. | $11,837,722 | |
| 10 | Transox Inc. | $11,135,212 |
See the full FY2025 ranking of NAICS 532 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Homeland Security | $206,204,624 | |
| 2 | Department of Agriculture | $140,867,257 | |
| 3 | General Services Administration | $120,282,169 | |
| 4 | Department of Veterans Affairs | $119,757,311 | |
| 5 | Air Force | $88,953,256 | |
| 6 | Defense Logistics Agency | $86,926,368 | |
| 7 | Department of the Army | $86,620,468 | |
| 8 | Department of the Navy | $53,868,641 | |
| 9 | Department of State | $23,429,215 | |
| 10 | Department of the Interior | $9,609,064 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | W023 Lease or Rental of Equipment: Ground Effect Vehicles, Motor Vehicles, Trailers, and Cycles | $218,041,509 | |
| 2 | 1510 Aircraft, Fixed Wing | $187,605,004 | |
| 3 | W074 Lease or Rental of Equipment: Office Machines, Text Processing Systems and Visible Record Equipment | $90,907,322 | |
| 4 | W065 Lease or Rental of Equipment: Medical, Dental, and Veterinary Equipment and Supplies | $73,373,940 | |
| 5 | W099 Lease or Rental of Equipment: Miscellaneous | $44,606,351 | |
| 6 |
F003 Forest/ |
$37,804,025 | |
| 7 | W037 Lease or Rental of Equipment: Agricultural Machinery and Equipment | $30,120,773 | |
| 8 | W036 Lease or Rental of Equipment: Special Industry Machinery | $29,654,963 | |
| 9 | W083 Lease or Rental of Equipment: Textiles, Leather, Furs, Apparel and Shoe Findings, Tents and Flags | $23,004,964 | |
| 10 | W038 Lease or Rental of Equipment: Construction, Mining, Excavating, and Highway Maintenance Equipment | $22,557,480 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Texas | $50,297,399 | |
| 2 | Mississippi | $43,205,035 | |
| 3 | Pennsylvania | $43,082,932 | |
| 4 | California | $36,740,870 | |
| 5 | Oregon | $33,976,852 | |
| 6 | District of Columbia | $33,405,472 | |
| 7 | Hawaii | $30,460,570 | |
| 8 | Washington | $29,929,116 | |
| 9 | Virginia | $25,655,267 | |
| 10 | Florida | $18,856,857 | |
| 11 | Arizona | $18,657,123 | |
| 12 | North Carolina | $17,964,515 | |
| 13 | Missouri | $17,829,296 | |
| 14 | Georgia | $12,687,792 | |
| 15 | New Mexico | $11,573,984 | |
| 16 | Utah | $10,653,388 | |
| 17 | New York | $10,425,525 | |
| 18 | Puerto Rico | $10,365,806 | |
| 19 | Montana | $9,648,668 | |
| 20 | Maryland | $9,432,299 | |
| 21 | Minnesota | $9,226,710 | |
| 22 | South Carolina | $8,821,494 | |
| 23 | Maine | $8,689,430 | |
| 24 | Colorado | $8,527,807 | |
| 25 | Connecticut | $7,626,895 | |
| 26 | Guam | $7,436,588 | |
| 27 | Oklahoma | $7,153,237 | |
| 28 | Ohio | $6,229,363 | |
| 29 | Illinois | $5,931,541 | |
| 30 | Tennessee | $5,848,811 | |
| 31 | Kentucky | $5,241,256 | |
| 32 | Louisiana | $5,002,607 | |
| 33 | Idaho | $4,573,584 | |
| 34 | Indiana | $4,473,283 | |
| 35 | Alaska | $4,292,279 | |
| 36 | Alabama | $3,939,381 | |
| 37 | Nevada | $2,988,601 | |
| 38 | New Jersey | $2,333,417 | |
| 39 | West Virginia | $2,063,616 | |
| 40 | Arkansas | $1,652,261 | |
| 41 | Wyoming | $1,624,689 | |
| 42 | Kansas | $1,560,973 | |
| 43 | Michigan | $1,351,893 | |
| 44 | Massachusetts | $1,348,554 | |
| 45 | Nebraska | $1,304,150 | |
| 46 | Vermont | $1,278,936 | |
| 47 | South Dakota | $989,152 | |
| 48 | Wisconsin | $965,680 | |
| 49 | Northern Mariana Islands | $668,346 | |
| 50 | Rhode Island | $383,333 | |
| 51 | Delaware | $344,839 | |
| 52 | Iowa | $299,290 | |
| 53 | North Dakota | $238,922 | |
| 54 | New Hampshire | $189,995 | |
| 55 | American Samoa | $21,600 | |
| 56 | U.S. Virgin Islands | $21,175 |
Show all 56
Shares are of everything obligated under NAICS 532 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
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Latest 50 of 21,085 listed here. See the rest on GovTribe.
Codes under 532
Quick answers
What is NAICS 532?
NAICS 532 is Rental and Leasing Services, a subsector in NAICS 53, Real Estate and Rental and Leasing.
What codes are under NAICS 532?
NAICS 532 has 4 codes under it with their own GovTribe pages, including 5321 Automotive Equipment Rental and Leasing, 5322 Consumer Goods Rental and 5323 General Rental Centers.
How much do federal agencies spend under NAICS 532?
Federal contracts under NAICS 532 obligated $776,910,977 in fiscal year 2025 and $3,421,688,496 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 532?
The contractors with the most obligated under NAICS 532 in fiscal years 2026 and 2027 are Gulfstream Aerospace Corporation ($187,605,004); EAN Holdings, LLC ($87,430,201); and Tenax Aerospace LLC ($38,269,765).
Which agencies buy the most under NAICS 532?
The agencies that obligated the most under NAICS 532 in fiscal years 2026 and 2027 are Department of Homeland Security ($206,204,624), Department of Agriculture ($140,867,257) and General Services Administration ($120,282,169).
Which PSC codes are used with NAICS 532?
The PSC codes with the most obligated under NAICS 532 in fiscal years 2026 and 2027 are W023 Lease or Rental of Equipment: Ground Effect Vehicles, Motor Vehicles, Trailers, and Cycles; 1510 Aircraft, Fixed Wing; and W074 Lease or Rental of Equipment: Office Machines, Text Processing Systems and Visible Record Equipment.
Where is the work under NAICS 532 performed?
By place of performance, the states with the most contract obligations under NAICS 532 over the last 12 months are Texas ($50,297,399), Mississippi ($43,205,035) and Pennsylvania ($43,082,932).
What is the latest contract opportunity under NAICS 532?
The latest contract opportunity under NAICS 532 is Rental of load bank equipment for 249th EN BAT, solicitation from Humphreys Engineer Center Support Activity (USACE), posted November 12, 2026.
On GovTribe
See everything under NAICS 532
- Federal contract opportunities, awards and IDVs under this code
- Funding analysis by contractor, agency and set-aside
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