NAICS Code 423710-19 - Pivots-Precision Instrument (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423710-19 Description (8-Digit)

Pivots-Precision Instrument (Wholesale) is a subdivision of the Hardware Merchant Wholesalers industry that specializes in the distribution of precision instruments used in various industries. This industry involves the wholesale distribution of a wide range of precision instruments such as gauges, micrometers, calipers, and other measuring tools. These instruments are used in various industries such as manufacturing, aerospace, automotive, and medical industries. Pivots-Precision Instrument (Wholesale) companies are responsible for sourcing, stocking, and distributing these precision instruments to their clients.

Hierarchy Navigation for NAICS Code 423710-19

Parent Code (less specific)

Tools

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

  • Micrometers
  • Calipers
  • Gauges
  • Dial indicators
  • Height gauges
  • Bore gauges
  • Thread gauges
  • Surface roughness testers
  • Hardness testers
  • Optical comparators
  • Coordinate measuring machines (CMMs)
  • Vision measuring systems
  • Laser micrometers
  • Ultrasonic thickness gauges
  • Force gauges
  • Torque wrenches
  • Digital multimeters
  • Oscilloscopes
  • Spectrum analyzers

Industry Examples of Pivots-Precision Instrument (Wholesale)

Common products and services typical of NAICS Code 423710-19, illustrating the main business activities and contributions to the market.

  • Aerospace manufacturing
  • Automotive manufacturing
  • Medical device manufacturing
  • Semiconductor manufacturing
  • Precision machining
  • Quality control and inspection services
  • Research and development
  • Calibration services
  • Metrology services
  • Tool and die making

Certifications, Compliance and Licenses for NAICS Code 423710-19 - Pivots-Precision Instrument (Wholesale)

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

  • ISO 9001:2015 Quality Management System: 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).
  • ISO/IEC 17025:2017 General Requirements for the Competence Of Testing and Calibration Laboratories: This certification ensures that the company has a competent testing and calibration laboratory. It is provided by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
  • National Institute Of Standards and Technology (NIST) Calibration Services: This certification ensures that the company's measuring instruments are calibrated to national standards. It is provided by the National Institute of Standards and Technology (NIST).
  • Occupational Safety and Health Administration (OSHA) Safety Training: This certification ensures that the company's employees are trained in safety procedures and regulations. It is provided by the Occupational Safety and Health Administration (OSHA).
  • Environmental Protection Agency (EPA) Hazardous Waste Management: This certification ensures that the company is compliant with hazardous waste management regulations. It is provided by the Environmental Protection Agency (EPA).

History

A concise historical narrative of NAICS Code 423710-19 covering global milestones and recent developments within the United States.

  • The Pivots-Precision Instrument (Wholesale) industry has a long history dating back to the early 20th century. The industry has been driven by technological advancements and innovations in precision instruments. In the early days, the industry was dominated by a few large players who produced high-quality instruments for scientific research and industrial applications. The industry saw significant growth during World War II when precision instruments were in high demand for military applications. After the war, the industry continued to grow as new applications for precision instruments emerged in fields such as aerospace, medicine, and electronics. In recent years, the industry has been driven by advancements in technology, such as the development of nanotechnology and the increasing use of automation in manufacturing. In the United States, the Pivots-Precision Instrument (Wholesale) industry has a more recent history. The industry saw significant growth in the 1980s and 1990s as the country experienced a boom in technology and innovation. During this time, the industry was driven by the development of new products and applications, such as computer chips, medical devices, and telecommunications equipment. In the 2000s, the industry faced challenges as the country experienced an economic downturn and increased competition from overseas manufacturers. Despite these challenges, the industry has continued to grow and innovate, driven by advancements in technology and the increasing demand for precision instruments in a wide range of industries.

Future Outlook for Pivots-Precision Instrument (Wholesale)

The anticipated future trajectory of the NAICS 423710-19 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 Pivots-Precision Instrument (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for precision instruments in various sectors such as aerospace, automotive, and healthcare. The growth of the industry is also attributed to the increasing adoption of automation and robotics in the manufacturing process. The industry is also expected to benefit from the increasing demand for high-precision measuring instruments in the semiconductor industry. The increasing focus on research and development activities to develop new and innovative products is also expected to drive the growth of the industry in the coming years.

Industry Innovations for NAICS Code 423710-19

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

  • Smart Sensors: Smart sensors are one of the recent innovations in the Pivots-Precision Instrument (Wholesale) industry. These sensors are capable of collecting and transmitting data in real-time, which helps in improving the accuracy and efficiency of the measurement process.
  • 3D Printing: 3D printing is another recent innovation in the industry. It has revolutionized the manufacturing process by enabling the production of complex and customized parts with high precision and accuracy.
  • Nanotechnology: The use of nanotechnology in the manufacturing of precision instruments is another recent innovation in the industry. Nanotechnology has enabled the development of high-precision instruments with improved accuracy and sensitivity.
  • Artificial Intelligence: The use of artificial intelligence in the manufacturing process is another recent innovation in the industry. AI-powered machines and robots are capable of performing complex tasks with high precision and accuracy, which helps in improving the efficiency of the manufacturing process.
  • Internet Of Things (Iot): The use of IoT in the Pivots-Precision Instrument (Wholesale) industry is another recent innovation. IoT-enabled devices are capable of collecting and transmitting data in real-time, which helps in improving the accuracy and efficiency of the measurement process.

NAICS Code 423710-19 - Pivots-Precision Instrument (Wholesale)

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