NAICS Code 423510-50 - Wire Forming & Working Equipment (Wholesale)

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NAICS Code 423510-50 Description (8-Digit)

Wire Forming & Working Equipment (Wholesale) is a subdivision of the NAICS Code 423510 that involves the wholesale distribution of equipment used for forming and working with wire. This industry includes companies that distribute a wide range of wire forming and working equipment to various industries such as construction, automotive, and manufacturing. The equipment distributed by these companies is used for bending, cutting, shaping, and forming wire into various shapes and sizes.

Hierarchy Navigation for NAICS Code 423510-50

Tools

Tools commonly used in the Wire Forming & Working Equipment (Wholesale) industry for day-to-day tasks and operations.

  • Wire straighteners
  • Wire cutters
  • Wire benders
  • Wire forming machines
  • Wire drawing machines
  • Wire mesh machines
  • Wire weaving machines
  • Wire wrapping machines
  • Wire crimping tools
  • Wire stripping tools
  • Wire splicing tools
  • Wire connectors
  • Wire terminals
  • Wire brushes
  • Wire ropes
  • Wire cables
  • Wire mesh
  • Wire netting
  • Wire fencing

Industry Examples of Wire Forming & Working Equipment (Wholesale)

Common products and services typical of NAICS Code 423510-50, illustrating the main business activities and contributions to the market.

  • Wire mesh panels
  • Wire baskets
  • Wire shelving
  • Wire racks
  • Wire forms
  • Wire springs
  • Wire hangers
  • Wire connectors
  • Wire terminals
  • Wire ropes
  • Wire cables
  • Wire mesh
  • Wire netting
  • Wire fencing
  • Wire EDM machines
  • Wire drawing machines
  • Wire weaving machines
  • Wire wrapping machines

Certifications, Compliance and Licenses for NAICS Code 423510-50 - Wire Forming & Working Equipment (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).
  • ANSI B11.19: This certification is for the safety requirements for the design, construction, operation, and maintenance of wire forming and fabricating equipment. It is provided by the American National Standards Institute (ANSI).
  • OSHA 29 CFR 1910.147: This certification is for the control of hazardous energy (lockout/tagout) in the workplace. It is provided by the Occupational Safety and Health Administration (OSHA).
  • UL 508A: This certification is for the industrial control panels used in wire forming and fabricating equipment. It is provided by Underwriters Laboratories (UL).
  • CE Marking: This certification is required for products sold in the European Economic Area (EEA) and indicates that the product meets the health, safety, and environmental protection standards of the EEA.

History

A concise historical narrative of NAICS Code 423510-50 covering global milestones and recent developments within the United States.

  • The wire forming and working equipment industry has a long history dating back to the 19th century when wire was first used for telegraph and telephone lines. In the early 20th century, the industry expanded to include the production of wire mesh for industrial and agricultural applications. During World War II, the industry experienced a surge in demand due to the need for wire products for military use. In the post-war period, the industry continued to grow, with the development of new wire forming and working technologies, such as computer-controlled wire bending machines. In recent years, the industry has seen increased demand for wire forming and working equipment due to the growth of the automotive, aerospace, and construction industries. In the United States, the wire forming and working equipment industry has a more recent history, with significant growth occurring in the 1960s and 1970s. During this period, the industry saw the development of new technologies, such as computer-aided design and manufacturing, which allowed for more precise and efficient wire forming and working. In the 1980s and 1990s, the industry experienced a period of consolidation, with many small and medium-sized companies being acquired by larger firms. In recent years, the industry has seen increased demand for wire forming and working equipment due to the growth of the automotive, aerospace, and construction industries, as well as the increasing use of wire products in consumer electronics and medical devices.

Future Outlook for Wire Forming & Working Equipment (Wholesale)

The anticipated future trajectory of the NAICS 423510-50 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 Wire Forming & Working Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for wire forming and working equipment in various sectors such as automotive, construction, and aerospace. The growth of the construction industry and the increasing demand for lightweight and durable materials in the automotive and aerospace industries are expected to drive the demand for wire forming and working equipment. Additionally, the increasing adoption of automation and robotics in the manufacturing process is expected to boost the growth of the industry. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from low-cost manufacturers in emerging economies. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423510-50

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

  • Smart Wire Forming Machines: These machines use advanced sensors and software to optimize the wire forming process, resulting in higher efficiency and accuracy.
  • 3D Wire Forming Technology: This technology allows for the creation of complex wire forms with high precision and accuracy, enabling manufacturers to produce intricate wire products for various applications.
  • Laser Wire Stripping Machines: These machines use laser technology to strip the insulation from wires, resulting in a cleaner and more precise stripping process.
  • Automated Wire Bending Machines: These machines use robotics and automation to bend wires into various shapes and forms, resulting in higher efficiency and accuracy in the wire forming process.
  • High-Strength Wire Materials: The development of high-strength wire materials such as titanium and nickel alloys has enabled manufacturers to produce stronger and more durable wire products for various applications.

NAICS Code 423510-50 - Wire Forming & Working Equipment (Wholesale)

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