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NAICS Code· 532411

NAICS 532411: Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing

This U.S. industry comprises establishments primarily engaged in renting or leasing off-highway transportation equipment without operators, such as aircraft, railroad cars, steamships, or tugboats. Cross-References. Establishments primarily engaged in--Show more

NAICS 532411 – Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing encompasses the rental and leasing of specialized transportation assets used in military, logistics, and operational support missions. This includes aircraft, railcars, maritime vessels, and associated modular transport systems leased to government entities for temporary or long-term deployment.

41
Active Contracts
$209.8M
Total Obligations (12mo)
187
Awarded Contracts (12mo)
46
Contractors Awarded (12mo)
1
Median Bidders per Award
+465.6%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 532411.

AI Industry Description

NAICS 532411 – Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing encompasses the rental and leasing of specialized transportation assets used in military, logistics, and operational support missions. This includes aircraft, railcars, maritime vessels, and associated modular...

NAICS 532411 – Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing encompasses the rental and leasing of specialized transportation assets used in military, logistics, and operational support missions. This includes aircraft, railcars, maritime vessels, and associated modular transport systems leased to government entities for temporary or long-term deployment. These assets are often critical for rapid force mobility, expeditionary logistics, training simulations, and equipment transit in austere environments. The sector bridges commercial leasing infrastructure with federal operational requirements, enabling agencies to access high-value, capital-intensive transport platforms without full ownership—enhancing flexibility, reducing lifecycle costs, and accelerating mission readiness. Top contractors in this space include METREA SPECIAL AEROSPACE, ISR, INC., a specialized firm providing tailored aerospace and mobility solutions, often integrating ISR-enabled platforms into leased transport systems. The competitive landscape is dominated by niche primes with deep expertise in defense-grade logistics, aerospace compliance, and rapid deployment capabilities, with many operating as small businesses or specialized intermediaries serving larger defense integrators. The Department of Defense is the primary procuring agency, leveraging these services for theater mobility, training fleet augmentation, and expeditionary logistics support. PSFB Flight Training Center, a key operator in military aviation readiness, drives demand for leased flight training assets and associated ground support equipment. Demand is closely tied to deployment cycles, force modernization initiatives, and the need for scalable, just-in-time transport solutions. The market is characterized by high barriers to entry due to regulatory compliance, maintenance certifications, and security clearances, but offers strong opportunity density for firms with certified, mission-ready fleets and agile leasing frameworks. Contractors with expertise in FAA, DOT, and DoD transport standards, coupled with experience in temporary asset deployment across joint operational theaters, are best positioned to compete. Growth is driven by increasing reliance on modular, on-demand mobility solutions over fixed infrastructure.

Small Business Size Standard

The SBA threshold that decides who can bid NAICS 532411 work as a small business.

$45.5M
Applies to the whole industry code

The SBA cap for this NAICS (13 CFR 121.201). A business at or under it can self-certify as small for work in this code, which is what makes it eligible for a small-business set-aside. The cap is set per NAICS, so the same company can be small in one code and not in another.

13 CFR 121.201, effective January 1, 2026. The SBA revises the table roughly once a year.

Top Contractors

Companies with the highest total award value under NAICS 532411, ranked by dollars won.

Top Agencies

Federal agencies directing the most contract spending toward NAICS 532411.

Competition

How many companies historically bid on federal awards in NAICS 532411, from bidder counts reported on USAspending.

Usually Single-Bid

Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 6,723 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

59%

Share of reported awards with one bidder

10+ Bidder Awards

0%

Share of reported awards with 10+ bidders

Reported Awards

6,723

85% of 7,952 total awards

Bidder Count Distribution by Fiscal Year

Share of reported awards in each bidder-count bracket per federal fiscal year.

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
532411This Code
Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
Usually Single-Bid159%
6,72385% of 7,952
53241NAICS Industry
Fewer Bidders247%
23,46585% of 27,521
5324Industry Group
Commercial and Industrial Machinery and Equipment Rental and Leasing
Fewer Bidders240%
116,83991% of 128,533
532Subsector
Fewer Bidders243%
229,58490% of 255,089
53Sector
Real Estate and Rental and Leasing
Fewer Bidders232%
920,08188% of 1,044,306

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing, by shared sector, subsector, and industry group.

Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing

This U.S. industry comprises establishments primarily engaged in renting or leasing heavy equipment ...
532412Same Industry GroupHigh Similarity

Office Machinery and Equipment Rental and Leasing

This industry comprises establishments primarily engaged in renting or leasing office machinery and ...
532420Same Industry GroupHigh Similarity

Other Commercial and Industrial Machinery and Equipment Rental and Leasing

This industry comprises establishments primarily engaged in renting or leasing nonconsumer-type mach...
532490Same Industry GroupHigh Similarity

Passenger Car Rental

This U.S. industry comprises establishments primarily engaged in renting passenger cars without driv...
532111Same SubsectorMedium Similarity

Passenger Car Leasing

This U.S. industry comprises establishments primarily engaged in leasing passenger cars without driv...
532112Same SubsectorMedium Similarity

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

This industry comprises establishments primarily engaged in renting or leasing, without drivers, one...
532120Same SubsectorMedium Similarity

Consumer Electronics and Appliances Rental

This industry comprises establishments primarily engaged in renting consumer electronics equipment a...
532210Same SubsectorMedium Similarity

Formal Wear and Costume Rental

This U.S. industry comprises establishments primarily engaged in renting clothing, such as formal we...
532281Same SubsectorMedium Similarity

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NAICS 532411 FAQ

Frequently Asked Questions

NAICS code 532411 covers Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing. This U.S. industry comprises establishments primarily engaged in renting or leasing off-highway transportation equipment without operators, such as aircraft, railroad cars, steamships, or tugboats. Cross-References. Establishments primarily engaged in--

Recently Posted in Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing

NAICS: 532411
Federal
Leadplane
Solicitation # 140D0426R0080
Solicitation 140D0426R0080 is an indefinite-quantity request for proposals issued by the Department of the Interior's Interior Business Center to provide Leadplane Flight Services for the United States Wildland Fire Service. The contract seeks the provision of five rental Beechcraft King Air B200 aircraft to support the Aerial Supervision Module Program. The period of performance is scheduled from February 1, 2027, to January 31, 2032. Under this arrangement, the government provides the pilots and fuel, while the contractor is responsible for providing the aircraft, insurance, and comprehensive maintenance. Each aircraft is estimated to fly approximately 400 hours per year, following a specific mission profile that includes takeoff and mission completion within roughly 240 minutes. Technical requirements specify that aircraft must have a standard airworthiness certificate, seating for one pilot and four passengers, and a minimum airspeed of 215 KTAS at 15,000 feet. The contractor must also provide a Remote Sensor Operator skilled in mapping software to deliver real-time data via satellite communication. Maintenance must be performed by A&P certified mechanics with specific experience in the King Air B200 model. Award will be based on a best value source selection process, where technical capability and past performance are weighted more heavily than the evaluated price. Proposals must be submitted electronically to the contracting officer by November 9, 2026, and must include detailed aircraft questionnaires and past performance documentation.
Ibc Acq Svcs Directorate (00004)

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