NAICS Code 423710-07 - Fasteners-Industrial (Wholesale)
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NAICS Code 423710-07 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423710-07
Parent Code (less specific)
Tools
Tools commonly used in the Fasteners-Industrial (Wholesale) industry for day-to-day tasks and operations.
- Torque wrenches
- Socket sets
- Screwdrivers
- Pliers
- Hex keys
- Drill bits
- Taps and dies
- Thread gauges
- Rivet guns
- Nut drivers
Industry Examples of Fasteners-Industrial (Wholesale)
Common products and services typical of NAICS Code 423710-07, illustrating the main business activities and contributions to the market.
- Construction fasteners
- Automotive fasteners
- Aerospace fasteners
- Manufacturing fasteners
- Marine fasteners
- Electrical fasteners
- Plumbing fasteners
- HVAC fasteners
- Oil and gas fasteners
- Mining fasteners
Certifications, Compliance and Licenses for NAICS Code 423710-07 - Fasteners-Industrial (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).
- AS9120: This certification is specific to the aerospace industry and ensures that the company has a quality management system in place that meets industry-specific requirements. It is provided by the International Aerospace Quality Group (IAQG).
- ANSI/BHMA: This certification ensures that the company's products meet industry standards for performance and durability. It is provided by the Builders Hardware Manufacturers Association (BHMA).
- ASTM F593: This certification ensures that the company's stainless steel fasteners meet industry standards for chemical and mechanical properties. It is provided by ASTM International.
- MIL-I-45208A: This certification ensures that the company's products meet military standards for quality and reliability. It is provided by the United States Department of Defense.
History
A concise historical narrative of NAICS Code 423710-07 covering global milestones and recent developments within the United States.
- The "Fasteners-Industrial (Wholesale)" industry has a long history dating back to the early 19th century when the first screw-cutting lathe was invented. This invention allowed for the mass production of screws and bolts, which were essential components in the construction of machinery and infrastructure. In the early 20th century, the development of new materials such as stainless steel and titanium led to the creation of new types of fasteners that were stronger and more durable. During World War II, the industry experienced a surge in demand as fasteners were needed for military equipment and vehicles. In recent history, the industry has continued to evolve with the introduction of new technologies such as 3D printing and the increasing use of automation in manufacturing processes. In the United States, the industry has seen steady growth over the past decade, driven by increased demand from the construction and automotive sectors.
Future Outlook for Fasteners-Industrial (Wholesale)
The anticipated future trajectory of the NAICS 423710-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Fasteners-Industrial (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for fasteners in various end-use industries such as automotive, construction, and aerospace. The growth of the construction industry, especially in emerging economies, is expected to drive the demand for fasteners. Additionally, the increasing adoption of automation in the manufacturing process is expected to boost the demand for fasteners. However, the industry may face challenges such as the volatility of raw material prices and the availability of substitutes. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 423710-07
Recent groundbreaking advancements and milestones in the Fasteners-Industrial (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Fastener Fair USA: The Fastener Fair USA is a trade show that showcases the latest products and technologies in the fastener industry. The event provides a platform for manufacturers, distributors, and end-users to network and learn about the latest trends and innovations in the industry.
- Smart Fasteners: Smart fasteners are fasteners that are equipped with sensors and other electronic components. These fasteners can monitor and transmit data about the performance of the fastener and the equipment it is attached to. This technology can help improve the safety and efficiency of industrial equipment.
- 3D Printing: 3D printing technology is being used to manufacture fasteners with complex geometries and customized designs. This technology can help reduce the lead time and cost of manufacturing fasteners.
- Lightweight Fasteners: Lightweight fasteners are being developed using advanced materials such as titanium and composites. These fasteners can help reduce the weight of equipment and improve fuel efficiency in the aerospace and automotive industries.
- Anti-Corrosion Coatings: Anti-corrosion coatings are being developed to improve the durability and lifespan of fasteners. These coatings can help protect fasteners from corrosion caused by exposure to harsh environments and chemicals.
NAICS Code 423710-07 - Fasteners-Industrial (Wholesale)
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