Rental and leasing of other personal and household goods

NACE v2.1 Code: O77.22

About rental and leasing of other personal and household goods

NACE code 77.22 covers the rental and leasing of a wide range of personal and household goods, including textiles, furniture, jewelry, sports equipment, and other miscellaneous items. This industry plays a crucial role in the broader economy by providing access to goods that individuals or businesses may not need to own permanently. The rental and leasing model offers flexibility, cost-savings, and convenience for consumers, while also creating opportunities for businesses to generate revenue from underutilized assets.

Production process

The main production techniques in this industry involve the acquisition, maintenance, and distribution of rental goods. Businesses in this sector typically source products from manufacturers or wholesalers, inspect and prepare them for rental, and then make them available to customers through showrooms, online platforms, or other distribution channels. Efficient inventory management, logistics, and customer service are key to ensuring a smooth rental experience.

Production inputs

The primary inputs required for the rental and leasing of personal and household goods include the goods themselves, which can range from textiles and furniture to sports equipment and electronics. Businesses in this sector also require storage and display facilities, transportation infrastructure, and skilled personnel to manage the rental operations. Additionally, access to financing and capital is important for acquiring and maintaining the rental inventory.

Production outputs

The main outputs of this industry are the rental and leasing services provided to individual consumers and businesses. The goods rented or leased through this industry can be used for a variety of purposes, such as personal events, home furnishing, recreational activities, and commercial applications. Other NACE codes that may consume the outputs of this industry include 96.09 Other personal service activities n.e.c., 93.29 Other amusement and recreation activities, and 68.20 Renting and operating of own or leased real estate.

Revisions to 77.22

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 77.22. The most recent 2 versions of this code (77.22) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 77.22.

Family tree for rental and leasing of other personal and household goods

    graph LR
    A["<a href='/classifications/nace/v2-1/O'>O: ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2-1/O/77'>77: Rental and leasing activities</a>"]
B --> C["<a href='/classifications/nace/v2-1/O/77/2'>77.2: Rental and leasing of personal and household goods</a>"]
C --> D["<a href='/classifications/nace/v2-1/O/77/22'>77.22: Rental and leasing of other personal and household goods</a>"]

    C --> E["<a href='/classifications/nace/v2-1/O/77/21'>77.21: Rental and leasing of recreational and sports goods</a>"]

    

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