Renting and leasing of other machinery, equipment and tangible goods

isic code 773, 'Renting and leasing of other machinery, equipment and tangible goods', encompasses a vital industry that supports businesses across various sectors. This industry plays a crucial role in the broader economy by providing access to specialized equipment, machinery, and other tangible assets that organizations may require for their operations, but do not necessarily need to own outright. By offering flexible and cost-effective leasing and rental solutions, this industry enables companies to optimize their resource utilization and focus on their core competencies.

The main production techniques in this industry involve the acquisition, maintenance, and management of a diverse portfolio of machinery, equipment, and other tangible goods. Businesses in this sector typically acquire these assets through purchase or lease agreements, and then rent or lease them out to their clients. The industry relies on efficient logistics, inventory management, and customer service to ensure the seamless delivery and return of the leased or rented items.

The key inputs required for this industry include a wide range of machinery, equipment, and tangible goods, such as 281 Manufacture of general-purpose machinery, 282 Manufacture of special-purpose machinery, 293 Manufacture of parts and accessories for motor vehicles, and 772 Renting and leasing of personal and household goods. Additionally, the industry requires skilled personnel to manage the acquisition, maintenance, and distribution of these assets, as well as robust logistics and customer service capabilities.

The primary output of this industry is the provision of rented or leased machinery, equipment, and tangible goods to businesses and individuals. These outputs are then consumed by a wide range of other industries, such as 41 Construction of buildings, 42 Civil engineering, 43 Specialized construction activities, 45 Wholesale and retail trade and repair of motor vehicles and motorcycles, and 46 Wholesale trade, except of motor vehicles and motorcycles, among others. By facilitating access to specialized assets, this industry enables its customers to enhance their productivity, efficiency, and competitiveness.