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

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

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 who handle hazardous materials and equipment. It ensures that workers are trained in the proper handling and disposal of hazardous materials and equipment. The certification is provided by the Occupational Safety and Health Administration (OSHA).
• Environmental Protection Agency (EPA) Certification: This certification is required for workers who handle refrigerants and other hazardous materials. It ensures that workers are trained in the proper handling and disposal of hazardous materials. The certification is provided by the Environmental Protection Agency (EPA).
• National Institute for Occupational Safety and Health (NIOSH) Certification: This certification is required for workers who handle respiratory equipment. It ensures that workers are trained in the proper use and maintenance of respiratory equipment. The certification is provided by the National Institute for Occupational Safety and Health (NIOSH).
• National Fire Protection Association (NFPA) Certification: This certification is required for workers who handle fire extinguishers and other fire safety equipment. It ensures that workers are trained in the proper use and maintenance of fire safety equipment. The certification is provided by the National Fire Protection Association (NFPA).
• International Organization for Standardization (ISO) Certification: This certification is not required but is highly recommended for businesses that want to demonstrate their commitment to quality and customer satisfaction. It ensures that businesses have a quality management system in place that meets international standards. The certification is provided by the International Organization for Standardization (ISO).

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.

The anticipated future trajectory of the NAICS 423710-31 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Tools (Wholesale) industry in the USA is expected to grow in the coming years due to the increasing demand for tools and equipment from various end-use industries such as construction, automotive, and manufacturing. The growth of the construction industry, in particular, is expected to drive the demand for tools and equipment. Additionally, the increasing adoption of power tools and cordless tools is expected to boost the growth of the industry. However, the industry may face challenges such as rising raw material costs and increasing competition from online retailers. Overall, the industry is expected to grow steadily in the coming years.

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

• Smart Tools: These are tools that are equipped with sensors and can provide real-time data on their usage, performance, and maintenance needs. This technology is expected to improve the efficiency and safety of workers using these tools.
• Cordless Power Tools: These tools are becoming increasingly popular due to their convenience and ease of use. They are also more environmentally friendly than traditional power tools that require cords and electricity.
• 3D Printing Of Tools: This technology is expected to revolutionize the manufacturing of tools and equipment. It allows for the creation of complex and customized tools that are more efficient and cost-effective.
• Augmented Reality (AR) Tools: These tools use AR technology to provide workers with real-time information and guidance on their work. This technology is expected to improve the accuracy and speed of work, as well as reduce errors and accidents.
• Online Marketplaces: The rise of online marketplaces for tools and equipment is expected to increase competition in the industry. These marketplaces offer a wide range of products at competitive prices, making it easier for businesses to find the tools they need.