Tools commonly used in the Drilling & Boring Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.

• Augers
• Drill bits
• Reamers
• Boring machines
• Tapping machines
• Drill presses
• Core drills
• Magnetic drills
• Hole saws
• Pipe threading machines

Common products and services typical of NAICS Code 423830-12, illustrating the main business activities and contributions to the market.

• Mining equipment suppliers
• Construction equipment distributors
• Oil and gas drilling equipment wholesalers
• Water well drilling equipment suppliers
• Geotechnical drilling equipment distributors
• Tunnel boring machine suppliers
• Directional drilling equipment wholesalers
• Foundation drilling equipment distributors
• Exploration drilling equipment suppliers
• Horizontal drilling equipment wholesalers

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

• Occupational Safety and Health Administration (OSHA) Certification: OSHA certification is required for workers who handle drilling and boring equipment and supplies. This certification ensures that workers are aware of the safety hazards associated with the equipment and know how to operate it safely. The certification is provided by the Occupational Safety and Health Administration.
• National Institute for Occupational Safety and Health (NIOSH) Certification: NIOSH certification is required for workers who handle drilling and boring equipment and supplies. This certification ensures that workers are aware of the health hazards associated with the equipment and know how to protect themselves from exposure. The certification is provided by the National Institute for Occupational Safety and Health.
• Hazardous Materials Transportation Certification: This certification is required for workers who transport hazardous materials, including drilling and boring equipment and supplies. The certification ensures that workers are aware of the safety hazards associated with transporting hazardous materials and know how to handle them safely. The certification is provided by the Department of Transportation.
• Environmental Protection Agency (EPA) Certification: EPA certification is required for workers who handle drilling and boring equipment and supplies that contain hazardous materials. This certification ensures that workers are aware of the environmental hazards associated with the equipment and know how to dispose of it safely. The certification is provided by the Environmental Protection Agency.
• International Organization for Standardization (ISO) Certification: ISO certification is not required for the drilling and boring equipment and supplies industry in the US, but it is a globally recognized certification that can help businesses demonstrate their commitment to quality and safety. The certification is provided by the International Organization for Standardization.

A concise historical narrative of NAICS Code 423830-12 covering global milestones and recent developments within the United States.

• The drilling and boring equipment and supplies industry has a long history dating back to the early 1800s when the first steam-powered drilling rig was invented. The industry has since undergone significant advancements, including the development of rotary drilling technology in the early 1900s, which revolutionized the industry by allowing for deeper and faster drilling. In the United States, the industry experienced a boom in the 1950s and 1960s due to the increased demand for oil and gas exploration. In recent years, the industry has seen a shift towards more environmentally friendly drilling techniques, such as hydraulic fracturing, and the development of advanced drilling technologies, including horizontal drilling and intelligent drilling systems.

The anticipated future trajectory of the NAICS 423830-12 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The drilling and boring equipment and supplies wholesale industry in the USA is expected to experience steady growth in the coming years. The industry is driven by the increasing demand for oil and gas exploration, mining, and construction activities. The growth of the construction industry, particularly in the commercial and industrial sectors, is expected to drive demand for drilling and boring equipment and supplies. Additionally, the increasing adoption of advanced drilling technologies, such as horizontal drilling and hydraulic fracturing, is expected to boost demand for drilling equipment and supplies. However, the industry may face challenges due to the volatility of oil and gas prices, which can impact exploration and drilling activities. Overall, the industry is expected to experience moderate growth in the coming years.

Recent groundbreaking advancements and milestones in the Drilling & Boring Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• The development of advanced drilling technologies, such as horizontal drilling and hydraulic fracturing, has revolutionized the drilling industry, allowing for more efficient and cost-effective drilling operations.
• The use of 3D printing technology to manufacture drilling equipment and supplies has increased efficiency and reduced costs in the industry.
• The development of smart drilling technologies, such as real-time monitoring and data analytics, has improved drilling accuracy and reduced downtime.
• The increasing use of automation and robotics in drilling operations has improved safety and efficiency in the industry.
• The development of environmentally friendly drilling technologies, such as waterless fracking and biodegradable drilling fluids, has reduced the environmental impact of drilling operations.