NAICS Code 423710-31 - Tools (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423710-31
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Looking for more companies? See NAICS 423710 - Hardware Merchant Wholesalers - 3,252 companies, 26,504 emails.

NAICS Code 423710-31 Description (8-Digit)

The Tools (Wholesale) industry involves the distribution of a wide range of tools to retailers, contractors, and other businesses. These tools can be used for a variety of purposes, including construction, manufacturing, and maintenance. Companies in this industry typically purchase tools from manufacturers and then sell them in bulk to other businesses.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423710 page

Tools

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

  • Power drills
  • Saws (circular, reciprocating, etc.)
  • Hammers (claw, sledge, etc.)
  • Screwdrivers (flathead, Phillips, etc.)
  • Wrenches (adjustable, socket, etc.)
  • Pliers (needle-nose, lineman, etc.)
  • Levels (bubble, laser, etc.)
  • Measuring tapes
  • Chisels
  • Pry bars

Industry Examples of Tools (Wholesale)

Common products and services typical of NAICS Code 423710-31, illustrating the main business activities and contributions to the market.

  • Construction equipment suppliers
  • Industrial supply companies
  • Hardware stores
  • Tool rental companies
  • Welding supply stores
  • Electrical supply companies
  • Plumbing supply companies
  • Automotive parts stores
  • Janitorial supply companies
  • Safety equipment suppliers

History

A concise historical narrative of NAICS Code 423710-31 covering global milestones and recent developments within the United States.

  • The "Tools (Wholesale)" industry has a long history dating back to the early days of human civilization. The first tools were made from stone, wood, and bone, and were used for hunting, farming, and building. With the advent of the Industrial Revolution, tools became more sophisticated and were mass-produced using machines. In the United States, the industry grew rapidly in the early 20th century, with the rise of manufacturing and construction. During World War II, the industry played a crucial role in supplying tools and equipment to the military. In recent years, the industry has seen significant advancements in technology, with the development of power tools, robotics, and other cutting-edge innovations. Recent history in the United States has been marked by a steady growth in the "Tools (Wholesale)" industry. According to data from the U.S. Census Bureau, the industry has experienced a compound annual growth rate of 2.5% over the past five years. This growth has been driven by a strong demand for tools and equipment in the construction, manufacturing, and automotive sectors. The industry has also benefited from the rise of e-commerce, which has made it easier for wholesalers to reach customers and expand their market share. Overall, the "Tools (Wholesale)" industry has a rich history and a bright future ahead.