NAICS Code 423420-32 - Safes & Vaults-Used (Wholesale)

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NAICS Code 423420-32 Description (8-Digit)

Safes & Vaults-Used (Wholesale) is a subdivision of the Office Equipment Merchant Wholesalers industry that specializes in the wholesale distribution of used safes and vaults. This industry involves the buying and selling of previously owned safes and vaults that have been refurbished to meet industry standards. The safes and vaults sold in this industry are typically used for commercial purposes, such as in banks, jewelry stores, and other businesses that require secure storage for valuable items.

Hierarchy Navigation for NAICS Code 423420-32

Tools

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

  • Lock picking tools
  • Safe drilling machines
  • Safe moving equipment
  • Safe dialing machines
  • Safe combination change tools
  • Safe repair kits
  • Safe opening tools
  • Safe manipulation tools
  • Safe lock installation tools
  • Safe lock change tools

Industry Examples of Safes & Vaults-Used (Wholesale)

Common products and services typical of NAICS Code 423420-32, illustrating the main business activities and contributions to the market.

  • Bank vaults
  • Jewelry safes
  • Gun safes
  • Data safes
  • Fireproof safes
  • Floor safes
  • Wall safes
  • Depository safes
  • Cash management safes
  • Pharmacy safes

Certifications, Compliance and Licenses for NAICS Code 423420-32 - Safes & Vaults-Used (Wholesale)

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

  • UL 608: UL 608 is a safety standard for burglary-resistant safes and vaults. It is issued by Underwriters Laboratories (UL), a global safety certification company. This certification ensures that the safes and vaults are tested and meet the minimum requirements for burglary resistance.
  • UL 687: UL 687 is a safety standard for high-security locks and locking devices. It is issued by Underwriters Laboratories (UL), a global safety certification company. This certification ensures that the locks and locking devices are tested and meet the minimum requirements for high-security.
  • UL 768: UL 768 is a safety standard for combination locks. It is issued by Underwriters Laboratories (UL), a global safety certification company. This certification ensures that the combination locks are tested and meet the minimum requirements for security.
  • UL 437: UL 437 is a safety standard for key locks. It is issued by Underwriters Laboratories (UL), a global safety certification company. This certification ensures that the key locks are tested and meet the minimum requirements for security.
  • ASTM F2456: ASTM F2456 is a standard specification for safe and vault opening, closing, and locking devices. It is issued by ASTM International, a global standards development organization. This certification ensures that the safe and vault opening, closing, and locking devices meet the minimum requirements for security.
  • ASTM F1643: ASTM F1643 is a standard specification for security glazing materials for use in buildings. It is issued by ASTM International, a global standards development organization. This certification ensures that the security glazing materials used in safes and vaults meet the minimum requirements for security.
  • ISO 9001: ISO 9001 is a quality management system certification. It is issued by the International Organization for Standardization (ISO), a global standards development organization. This certification ensures that the company has a quality management system in place to ensure that their products and services meet customer requirements and are of high quality.
  • ISO 14001: ISO 14001 is an environmental management system certification. It is issued by the International Organization for Standardization (ISO), a global standards development organization. This certification ensures that the company has an environmental management system in place to minimize their environmental impact.
  • OSHA 1910.147: OSHA 1910.147 is a regulation that requires the control of hazardous energy during servicing and maintenance of machines and equipment. It is issued by the Occupational Safety and Health Administration (OSHA), a federal agency of the United States Department of Labor. This regulation ensures that the company has procedures in place to protect their employees from hazardous energy.
  • DOT Hazardous Materials Regulations: The DOT Hazardous Materials Regulations are a set of regulations that govern the transportation of hazardous materials in the United States. It is issued by the Department of Transportation (DOT), a federal agency of the United States government. This regulation ensures that the company complies with the requirements for the transportation of hazardous materials.

History

A concise historical narrative of NAICS Code 423420-32 covering global milestones and recent developments within the United States.

  • The history of the Safes & Vaults-Used (Wholesale) industry dates back to the early 1800s when the first safes were invented to protect valuables from theft and fire. In the late 1800s, the first bank vaults were introduced, and by the early 1900s, the industry had expanded to include a wide range of security products. During World War II, the industry experienced a surge in demand as the government needed secure storage for classified documents and materials. In recent years, the industry has seen advancements in technology, such as biometric security systems and smart safes that can track cash deposits and withdrawals in real-time. In the United States, the Safes & Vaults-Used (Wholesale) industry has a more recent history. The industry experienced significant growth in the 1980s and 1990s due to increased demand for security products in response to rising crime rates. In the early 2000s, the industry faced challenges due to the economic recession, but it has since rebounded. Today, the industry continues to evolve with advancements in technology and changing security needs.

Future Outlook for Safes & Vaults-Used (Wholesale)

The anticipated future trajectory of the NAICS 423420-32 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 Safes & Vaults-Used (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for used safes and vaults from businesses and organizations that require secure storage solutions. The rise in e-commerce and online transactions has also led to an increase in the need for secure storage solutions, which is expected to drive the growth of the industry. Additionally, the industry is expected to benefit from the increasing adoption of advanced security technologies, such as biometric authentication and artificial intelligence, which are expected to increase the demand for secure storage solutions. However, the industry may face challenges due to the increasing competition from new entrants and the rising popularity of cloud-based storage solutions.

Industry Innovations for NAICS Code 423420-32

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

  • Smart Safes: These are safes that are equipped with advanced security features such as biometric authentication, remote monitoring, and real-time alerts. They are designed to provide businesses with a secure and convenient way to store cash and other valuables.
  • Modular Vaults: These are vaults that are designed to be easily assembled and disassembled, making them ideal for businesses that require secure storage solutions that can be quickly deployed.
  • Fireproof Safes: These are safes that are designed to protect their contents from fire damage. They are ideal for businesses that need to store important documents and other valuables that are susceptible to fire damage.
  • Mobile Safes: These are safes that are designed to be easily transported from one location to another. They are ideal for businesses that need to move their valuables around frequently.
  • Biometric Authentication: This is a security technology that uses unique biological characteristics such as fingerprints, facial recognition, and iris scans to authenticate users. It is becoming increasingly popular in the Safes & Vaults-Used (Wholesale) industry as a way to provide businesses with a secure and convenient way to access their valuables.

NAICS Code 423420-32 - Safes & Vaults-Used (Wholesale)

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