Tools commonly used in the Tractors-Used (Wholesale) industry for day-to-day tasks and operations.

• Tractor loaders
• Tractor backhoes
• Tractor mowers
• Tractor plows
• Tractor cultivators
• Tractor seeders
• Tractor sprayers
• Tractor spreaders
• Tractor harrows
• Tractor rakes

Common products and services typical of NAICS Code 423110-24, illustrating the main business activities and contributions to the market.

• Compact tractors
• Utility tractors
• Row-crop tractors
• Specialty tractors
• Farm tractors
• Garden tractors
• Lawn tractors
• Industrial tractors
• Vintage tractors
• Antique tractors

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• EPA Emissions Certification: This certification is required for all engines and vehicles that emit pollutants. The Environmental Protection Agency (EPA) provides this certification to ensure that the engines and vehicles meet the emission standards set by the Clean Air Act.
• OSHA Safety Certification: The Occupational Safety and Health Administration (OSHA) provides safety certifications to ensure that the workplace is safe for employees. This certification is important for the industry as it involves the use of heavy machinery and equipment.
• DOT Compliance Certification: The Department of Transportation (DOT) requires compliance certification for all commercial vehicles that operate on public roads. This certification ensures that the vehicles meet the safety standards set by the DOT.
• IRS Business License: The Internal Revenue Service (IRS) requires businesses to obtain a business license to operate legally. This license is important for the industry as it involves the buying and selling of goods in large quantities.
• NHTSA Safety Certification: The National Highway Traffic Safety Administration (NHTSA) provides safety certifications for vehicles to ensure that they meet the safety standards set by the agency. This certification is important for the industry as it involves the buying and selling of vehicles.

A concise historical narrative of NAICS Code 423110-24 covering global milestones and recent developments within the United States.

• The Tractors-Used (Wholesale) industry has a long history dating back to the early 20th century when tractors were first introduced to the agricultural sector. The first tractors were steam-powered and were used to replace horses and mules in farming. In the 1920s, gasoline-powered tractors were introduced, which were more efficient and powerful than their steam-powered counterparts. The industry continued to grow throughout the 20th century, with the introduction of diesel-powered tractors in the 1940s and 1950s. In recent years, the industry has seen significant growth due to the increasing demand for used tractors in developing countries, where they are used for agricultural purposes. In the United States, the Tractors-Used (Wholesale) industry has experienced significant growth in recent years due to the increasing demand for used tractors in the agricultural sector. The industry has also benefited from the growth of the construction industry, which has increased demand for tractors used in construction and excavation. The industry has also seen significant consolidation in recent years, with larger companies acquiring smaller ones to increase their market share. Overall, the Tractors-Used (Wholesale) industry has a bright future ahead, with increasing demand for used tractors in both the agricultural and construction sectors.

The anticipated future trajectory of the NAICS 423110-24 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Tractors-Used (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for used tractors in the agriculture sector. The rising trend of precision farming and the need for cost-effective equipment are driving the demand for used tractors. Additionally, the increasing popularity of online auctions and sales channels is expected to boost the growth of the industry. However, the industry may face challenges due to the increasing competition from other used equipment dealers and the availability of new tractors at competitive prices. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Tractors-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Online Auctions: The increasing popularity of online auctions has made it easier for buyers to purchase used tractors from anywhere in the country.
• Precision Farming: The trend of precision farming has led to the demand for tractors with advanced technology and features, such as GPS and auto-steering.
• Sustainable Farming: The growing awareness of sustainable farming practices has led to the demand for tractors that are fuel-efficient and environmentally friendly.
• Rental Services: Some companies are offering rental services for used tractors, which is a cost-effective option for farmers who need tractors for a short period.
• Financing Options: Many companies are offering financing options for used tractors, which makes it easier for farmers to purchase the equipment they need.