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

• Automotive lifts
• Tire changers
• Wheel balancers
• Brake lathes
• Diagnostic scanners
• Air compressors
• Battery chargers
• Welding equipment
• Oil and fluid extractors
• Transmission jacks
• Engine hoists
• Impact wrenches
• Torque wrenches
• Socket sets
• Screwdrivers
• Pliers
• Hammers
• Pry bars
• Wire cutters
• Diagnostic software

Common products and services typical of NAICS Code 423120-71, illustrating the main business activities and contributions to the market.

• Automotive repair shops
• Car dealerships
• Tire stores
• Fleet maintenance companies
• Auto body shops
• Oil change facilities
• Transmission repair shops
• Brake repair shops
• Performance tuning shops
• Mobile mechanics

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

• Automotive Lift Institute (ALI) Certification: ALI is a non-profit organization that provides safety and performance certification for automotive lifts. The certification ensures that the lifts meet the safety standards set by the American National Standards Institute (ANSI).
• National Institute for Automotive Service Excellence (ASE) Certification: ASE is a non-profit organization that provides certification for automotive professionals. The certification ensures that the professionals have the necessary knowledge and skills to perform their job.
• Occupational Safety and Health Administration (OSHA) Certification: OSHA is a federal agency that sets and enforces safety standards in the workplace. The certification ensures that the workplace is safe for employees and that the employer is compliant with OSHA regulations.
• Environmental Protection Agency (EPA) Certification: EPA is a federal agency that sets and enforces environmental regulations. The certification ensures that the business is compliant with EPA regulations related to the handling and disposal of hazardous waste.
• National Fire Protection Association (NFPA) Certification: NFPA is a non-profit organization that sets and enforces fire safety standards. The certification ensures that the business is compliant with NFPA regulations related to fire safety.

A concise historical narrative of NAICS Code 423120-71 covering global milestones and recent developments within the United States.

• The Garage Equipment (Wholesale) industry has a long history dating back to the early 1900s when the first automobile repair shops were established. The industry has since grown to become an essential part of the automotive industry, providing equipment and tools to repair and maintain vehicles. Notable advancements in the industry include the introduction of hydraulic lifts, air compressors, and diagnostic equipment. In recent years, the industry has seen a shift towards more advanced technology, such as computerized diagnostic tools and electric vehicle charging stations. In the United States, the industry has been impacted by the growth of e-commerce and the increasing demand for online sales. However, the industry has adapted to these changes by offering online sales and expanding their product offerings to include new technologies.

The anticipated future trajectory of the NAICS 423120-71 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 Garage Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for automotive repair and maintenance services. The rise in the number of vehicles on the road and the need for regular maintenance and repair is expected to drive the demand for garage equipment. Additionally, the increasing adoption of advanced technologies such as electric vehicles and autonomous driving is expected to create new opportunities for the industry. However, the industry may face challenges such as increasing competition and the need to keep up with rapidly changing technology. Overall, the industry is expected to experience steady growth in the coming years.

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

• Mobile Lifts: These lifts are designed to be portable and can be easily moved around the garage. They are ideal for small garages or workshops where space is limited.
• Diagnostic Tools: Advanced diagnostic tools are becoming increasingly popular in the industry. These tools can quickly identify problems with a vehicle and help mechanics to make repairs more efficiently.
• 3D Printing: 3D printing technology is being used to create custom parts for vehicles. This technology allows mechanics to create parts that are no longer available or are difficult to find.
• Electric Vehicle Charging Stations: With the increasing popularity of electric vehicles, the demand for charging stations is also increasing. Wholesale suppliers are now offering a range of charging stations to meet this demand.
• Smart Tools: Smart tools are becoming increasingly popular in the industry. These tools are designed to be connected to a computer or mobile device and can provide real-time data on a vehicle's performance. This data can help mechanics to diagnose problems more quickly and accurately.