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NAICS Code 423710-11 Description (8-Digit)

Hardware (Wholesale) is a subdivision of the Hardware Merchant Wholesalers industry that involves the wholesale distribution of a wide range of hardware products to retailers, contractors, and industrial customers. These products include items such as hand tools, power tools, plumbing supplies, electrical supplies, and other hardware-related products. The industry is highly competitive and requires companies to have a deep understanding of the products they sell, as well as the needs of their customers.

Hierarchy Navigation for NAICS Code 423710-11

Parent Code (less specific)

Tools

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

  • Power drills
  • Circular saws
  • Hammers
  • Screwdrivers
  • Pliers
  • Wrenches
  • Levels
  • Tape measures
  • Soldering irons
  • Pipe cutters
  • Wire strippers
  • Bolt cutters
  • Chisels
  • Clamps
  • Saws
  • Sanders
  • Grinders
  • Planers
  • Routers

Industry Examples of Hardware (Wholesale)

Common products and services typical of NAICS Code 423710-11, illustrating the main business activities and contributions to the market.

  • Plumbing supplies
  • Electrical supplies
  • Hand tools
  • Power tools
  • Paint supplies
  • Lawn and garden supplies
  • Building materials
  • Safety equipment
  • Fasteners
  • Adhesives

Certifications, Compliance and Licenses for NAICS Code 423710-11 - Hardware (Wholesale)

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

  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for workers in the hardware wholesale industry to ensure that they are aware of the safety and health hazards associated with their work. The certification is provided by the US Department of Labor and can be obtained through various training programs.
  • Hazardous Materials Transportation Certification: This certification is required for workers who handle hazardous materials in the hardware wholesale industry. It is provided by the US Department of Transportation and ensures that workers are aware of the proper handling and transportation of hazardous materials.
  • Environmental Protection Agency (EPA) Certification: This certification is required for workers who handle refrigerants in the hardware wholesale industry. It ensures that workers are aware of the proper handling and disposal of refrigerants to prevent environmental damage.
  • National Association Of Wholesaler-Distributors (NAW) Certification: This certification is provided by the NAW and is designed to help workers in the hardware wholesale industry improve their skills and knowledge. It covers topics such as sales, marketing, and management.
  • Certified Professional Sales Person (CPSP) Certification: This certification is provided by the Manufacturers' Representatives Educational Research Foundation (MRERF) and is designed to help salespeople in the hardware wholesale industry improve their skills and knowledge. It covers topics such as sales techniques, customer service, and product knowledge.

History

A concise historical narrative of NAICS Code 423710-11 covering global milestones and recent developments within the United States.

  • The "Hardware (Wholesale)" industry has a long history dating back to the early 20th century. In the early days, the industry was focused on providing basic hardware products such as nails, screws, and bolts to construction companies and other businesses. Over time, the industry expanded to include a wider range of products, including power tools, plumbing supplies, and electrical equipment. Notable advancements in the industry include the development of new materials such as plastic and composite materials, which have allowed for the creation of lighter and more durable products. In recent years, the industry has also seen a shift towards more sustainable and environmentally friendly products, such as energy-efficient lighting and low-flow plumbing fixtures. In the United States, the "Hardware (Wholesale)" industry has experienced significant growth in recent years. This growth can be attributed to a number of factors, including the increasing demand for home improvement products and the rise of e-commerce platforms that have made it easier for consumers to purchase hardware products online. The industry has also benefited from the growth of the construction industry, which has driven demand for a wide range of hardware products. Despite the challenges posed by the COVID-19 pandemic, the industry has remained resilient, with many companies adapting to the changing market conditions by expanding their online sales channels and investing in new technologies to improve their operations.

Future Outlook for Hardware (Wholesale)

The anticipated future trajectory of the NAICS 423710-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The hardware wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for hardware products in various sectors such as construction, automotive, and manufacturing. The growth of the construction industry, in particular, is expected to drive the demand for hardware products such as fasteners, screws, and bolts. Additionally, the increasing adoption of e-commerce platforms is expected to boost the growth of the industry as it provides a convenient way for businesses to purchase hardware products in bulk. However, the industry may face challenges such as rising raw material costs and increasing competition from low-cost imports. Overall, the hardware wholesale industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423710-11

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

  • Smart Locks: These locks use Bluetooth or Wi-Fi technology to allow users to lock and unlock doors remotely using a smartphone app. They also offer features such as keyless entry and the ability to grant temporary access to guests.
  • 3D Printing: The use of 3D printing technology in the hardware industry has allowed for the creation of complex and customized parts that were previously difficult or impossible to produce. This technology has the potential to revolutionize the manufacturing process for hardware products.
  • Green Hardware: The increasing focus on sustainability has led to the development of hardware products that are made from eco-friendly materials and are designed to be energy-efficient. This includes products such as LED lighting and low-flow plumbing fixtures.
  • Augmented Reality: Some hardware companies are using augmented reality technology to allow customers to visualize how a product will look in their home or business before making a purchase. This technology can help customers make more informed decisions and reduce the likelihood of returns.
  • Robotics: The use of robotics in the hardware industry has the potential to increase efficiency and reduce costs. For example, robots can be used to automate the assembly process for hardware products, reducing the need for human labor.

NAICS Code 423710-11 - Hardware (Wholesale)

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