Rental and leasing of other machinery, equipment and tangible goods

NACE v2.0 Code: N77.3

About rental and leasing of other machinery, equipment and tangible goods

NACE code 77.3 covers the rental and leasing of a wide range of machinery, equipment, and other tangible goods. This industry plays a crucial role in the broader economy by providing businesses and individuals with access to specialized assets without the need for outright ownership. By offering flexible and cost-effective solutions, the rental and leasing industry enables companies to optimize their operations, reduce capital expenditures, and stay agile in an ever-changing market.

Production process

The core activities within this industry involve the acquisition of various types of machinery, equipment, and other tangible goods, followed by the leasing or rental of these assets to customers. Rental companies typically maintain a diverse inventory, ranging from construction equipment and industrial machinery to medical devices and IT hardware. The process often includes the maintenance, repair, and occasional refurbishment of the leased items to ensure they are in good working condition for each customer.

Production inputs

The main inputs required for the rental and leasing industry include the acquisition of the machinery, equipment, and other tangible goods that will be offered for rent or lease. This may involve the purchase of new assets or the procurement of used equipment from secondary markets. Additionally, the industry relies on skilled technicians and logistics personnel to manage the maintenance, transportation, and distribution of the leased items.

Production outputs

The primary output of the rental and leasing industry is the provision of temporary access to a wide range of machinery, equipment, and other tangible goods. These outputs are consumed by a variety of other NACE codes, including 41.2 Construction of residential and non-residential buildings, 42.1 Construction of roads and railways, 43.2 Electrical, plumbing and other construction installation activities, and 82.1 Office administrative and support activities. By offering flexible and cost-effective solutions, the rental and leasing industry enables these other sectors to access the specialized assets they need without the burden of outright ownership.

Revisions to 77.3

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 77.3. The most recent 3 versions of this code (77.3) is in the NACE v2.1 system:

This page shows a legacy version of code 77.3 ( NACE v2.0).

Related ISIC Codes

These isic codes are related to this econ code: (77.3).

ISIC code ISIC Version ISIC title
773ISIC v4.0Renting and leasing of other machinery, equipment and tangible goods

Family tree for rental and leasing of other machinery, equipment and tangible goods

    graph LR
    A["<a href='/classifications/nace/v2/N'>N: ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/N/77'>77: Rental and leasing activities</a>"]
B --> C["<a href='/classifications/nace/v2/N/77/3'>77.3: Rental and leasing of other machinery, equipment and tangible goods</a>"]

    B --> D["<a href='/classifications/nace/v2/N/77/1'>77.1: Rental and leasing of motor vehicles</a>"]
B --> E["<a href='/classifications/nace/v2/N/77/2'>77.2: Rental and leasing of personal and household goods</a>"]
B --> F["<a href='/classifications/nace/v2/N/77/4'>77.4: Leasing of intellectual property and similar products, except copyrighted works</a>"]

    C --> G["<a href='/classifications/nace/v2/N/77/31'>77.31: Rental and leasing of agricultural machinery and equipment</a>"]
C --> H["<a href='/classifications/nace/v2/N/77/32'>77.32: Rental and leasing of construction and civil engineering machinery and equipment</a>"]
C --> I["<a href='/classifications/nace/v2/N/77/33'>77.33: Rental and leasing of office machinery and equipment (including computers)</a>"]
C --> J["<a href='/classifications/nace/v2/N/77/34'>77.34: Rental and leasing of water transport equipment</a>"]
C --> K["<a href='/classifications/nace/v2/N/77/35'>77.35: Rental and leasing of air transport equipment</a>"]
C --> L["<a href='/classifications/nace/v2/N/77/39'>77.39: Rental and leasing of other machinery, equipment and tangible goods n.e.c.</a>"]


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