NAICS Code 423830-49 - Machinery-Used (Wholesale)
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NAICS Code 423830-49 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423830-49
Parent Code (less specific)
Tools
Tools commonly used in the Machinery-Used (Wholesale) industry for day-to-day tasks and operations.
- Forklifts
- Cranes
- Excavators
- Loaders
- Bulldozers
- Backhoes
- Skid steer loaders
- Graders
- Pavers
- Compactors
Industry Examples of Machinery-Used (Wholesale)
Common products and services typical of NAICS Code 423830-49, illustrating the main business activities and contributions to the market.
- Used construction machinery
- Used mining machinery
- Used industrial machinery
- Used agricultural machinery
- Used printing machinery
- Used woodworking machinery
- Used metalworking machinery
- Used food processing machinery
- Used textile machinery
- Used packaging machinery
Certifications, Compliance and Licenses for NAICS Code 423830-49 - Machinery-Used (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- ISO 9001: Quality management system certification that ensures the company meets customer and regulatory requirements. Provided by the International Organization for Standardization (ISO).
- OSHA 10-Hour General Industry Training: Certification that provides workers with an overview of common safety and health hazards in the workplace. Provided by the Occupational Safety and Health Administration (OSHA).
- NATE Certification: Certification for HVAC technicians that demonstrates their knowledge and expertise in the field. Provided by North American Technician Excellence (NATE).
- EPA Section 608 Certification: Certification for technicians who work with refrigerants to ensure they are handling them safely and responsibly. Provided by the Environmental Protection Agency (EPA).
- DOT Hazardous Materials Transportation Certification: Certification for individuals who handle, transport, or ship hazardous materials to ensure they are doing so safely and in compliance with regulations. Provided by the Department of Transportation (DOT).
History
A concise historical narrative of NAICS Code 423830-49 covering global milestones and recent developments within the United States.
- The "Machinery-Used (Wholesale)" industry has a long history dating back to the Industrial Revolution in the late 18th century. The first machines were used in the textile industry, and the demand for used machinery grew as the industry expanded. The first used machinery dealerships were established in the early 19th century, and the industry continued to grow throughout the 20th century. In the United States, the industry experienced significant growth after World War II, as manufacturers sought to modernize their operations. The industry has continued to evolve with the advent of new technologies, such as the internet, which has made it easier for buyers and sellers to connect. Today, the industry is a vital part of the global economy, providing businesses with access to affordable, high-quality machinery that helps them stay competitive in an increasingly complex marketplace.
Future Outlook for Machinery-Used (Wholesale)
The anticipated future trajectory of the NAICS 423830-49 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Machinery-Used (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for used machinery in various sectors such as construction, agriculture, and manufacturing. The growth of the e-commerce industry has also positively impacted the industry as it has made it easier for wholesalers to reach a wider audience. Additionally, the increasing focus on sustainability and reducing carbon footprint has led to a rise in demand for used machinery as it is a more eco-friendly option. However, the industry may face challenges such as the availability of new machinery and the increasing competition from online marketplaces.
Industry Innovations for NAICS Code 423830-49
Recent groundbreaking advancements and milestones in the Machinery-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Online Marketplaces: The rise of online marketplaces such as eBay and Alibaba has made it easier for wholesalers to reach a wider audience and sell their products globally.
- Iot Integration: The integration of IoT technology in used machinery has made it easier for wholesalers to monitor the performance of the machinery and provide better after-sales services to their customers.
- Virtual Reality: The use of virtual reality technology has made it easier for wholesalers to showcase their products to potential customers and provide a more immersive experience.
- Sustainable Practices: Many wholesalers are adopting sustainable practices such as refurbishing and recycling used machinery to reduce their carbon footprint and appeal to environmentally conscious customers.
- Financing Options: Wholesalers are offering financing options to their customers to make it easier for them to purchase used machinery and increase their sales.
NAICS Code 423830-49 - Machinery-Used (Wholesale)
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