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NAICS Code 423510-07 Description (8-Digit)

The Castings (Wholesale) industry involves the wholesale distribution of castings made of various materials such as iron, steel, aluminum, and brass. Castings are produced by pouring molten metal into a mold and allowing it to solidify into the desired shape. These castings are then sold to various industries for use in manufacturing a wide range of products.

Hierarchy Navigation for NAICS Code 423510-07

Tools

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

  • Foundry ladles
  • Crucibles
  • Molding sand
  • Core boxes
  • Pattern plates
  • Sand mixers
  • Shot blasting machines
  • Grinding wheels
  • Heat treatment furnaces
  • Spectrometers

Industry Examples of Castings (Wholesale)

Common products and services typical of NAICS Code 423510-07, illustrating the main business activities and contributions to the market.

  • Automotive castings
  • Industrial machinery castings
  • Pump and valve castings
  • Agricultural equipment castings
  • Aerospace castings
  • Marine castings
  • Construction equipment castings
  • Railroad castings
  • Mining equipment castings
  • Electrical equipment castings

Certifications, Compliance and Licenses for NAICS Code 423510-07 - Castings (Wholesale)

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

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • AS9100: This certification is specific to the aerospace industry and ensures that the company has a quality management system in place that meets aerospace industry standards. It is provided by the International Aerospace Quality Group (IAQG).
  • NADCAP: This certification is specific to the aerospace industry and ensures that the company meets industry standards for special processes such as heat treating, welding, and non-destructive testing. It is provided by the Performance Review Institute (PRI).
  • OSHA Safety Certification: This certification ensures that the company has a safe working environment for its employees and meets Occupational Safety and Health Administration (OSHA) standards.
  • EPA Environmental Compliance: This certification ensures that the company meets Environmental Protection Agency (EPA) standards for environmental compliance.

History

A concise historical narrative of NAICS Code 423510-07 covering global milestones and recent developments within the United States.

  • The "Castings (Wholesale)" industry has a long history dating back to ancient times when metal casting was used to create weapons, tools, and other objects. The first cast iron bridge was built in 1779, and the first iron casting machine was invented in 1837. In the late 19th century, the development of the Bessemer process made it possible to produce large quantities of steel castings. In the early 20th century, the use of aluminum and other non-ferrous metals in casting became more widespread. In recent years, the industry has seen advancements in technology, such as the use of 3D printing to create castings, and an increased focus on sustainability and reducing waste. In the United States, the "Castings (Wholesale)" industry has a more recent history. The industry began to grow in the mid-20th century, as the demand for castings increased in the automotive, aerospace, and defense industries. In the 1970s and 1980s, the industry faced challenges due to increased competition from foreign manufacturers and a decline in demand for castings in the automotive industry. However, the industry has since rebounded, with a focus on innovation and new applications for castings in industries such as renewable energy and medical devices.

Future Outlook for Castings (Wholesale)

The anticipated future trajectory of the NAICS 423510-07 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 Castings (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for castings in various end-use industries such as automotive, aerospace, and construction. The growth in these industries is expected to drive the demand for castings, which will, in turn, boost the growth of the Castings (Wholesale) industry. Additionally, the increasing adoption of 3D printing technology in the casting process is expected to drive the growth of the industry. The technology is expected to reduce the lead time and cost of the casting process, which will make it more efficient and cost-effective. Overall, the Castings (Wholesale) industry is expected to grow at a steady pace in the coming years.

Industry Innovations for NAICS Code 423510-07

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

  • Development Of New Casting Materials: The Castings (Wholesale) industry has witnessed the development of new casting materials such as aluminum, magnesium, and titanium alloys. These materials offer better strength, durability, and corrosion resistance than traditional casting materials, which has increased their demand in various end-use industries.
  • Adoption Of 3D Printing Technology: The adoption of 3D printing technology in the casting process has revolutionized the industry. The technology has reduced the lead time and cost of the casting process, which has made it more efficient and cost-effective.
  • Use Of Simulation Software: The use of simulation software in the casting process has helped manufacturers to optimize the process and reduce the defects in the final product. The software simulates the casting process and predicts the defects that may occur, which helps manufacturers to take corrective actions before the actual casting process.
  • Increasing Focus on Sustainability: The Castings (Wholesale) industry has witnessed an increasing focus on sustainability in recent years. Manufacturers are adopting sustainable practices such as using recycled materials and reducing waste in the casting process to reduce their environmental impact.
  • Growing Demand for Lightweight Castings: The demand for lightweight castings has increased in various end-use industries such as automotive and aerospace. Lightweight castings offer better fuel efficiency and performance, which has increased their demand in these industries.

NAICS Code 423510-07 - Castings (Wholesale)

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