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

• Bearing pullers
• Bearing heaters
• Bearing greasers
• Bearing installation tools
• Bearing inspection tools
• Bearing alignment tools
• Bearing locknut wrenches
• Bearing removal tools
• Bearing fitting tools
• Bearing press tools

Common products and services typical of NAICS Code 423840-04, illustrating the main business activities and contributions to the market.

• Automotive bearings
• Aerospace bearings
• Construction machinery bearings
• Manufacturing machinery bearings
• Agricultural machinery bearings
• Mining machinery bearings
• Marine bearings
• Wind turbine bearings
• Medical equipment bearings
• Robotics bearings

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

• ISO 9001: 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).
• ANSI/ABMA Standards: These standards are developed by the American Bearing Manufacturers Association (ABMA) and ensure that the bearings meet specific requirements for design, materials, and performance.
• Rohs Compliance: This certification ensures that the bearings do not contain hazardous substances such as lead, mercury, and cadmium. It is required by the European Union but is also relevant for US companies that export to the EU.
• REACH Compliance: This certification ensures that the bearings do not contain substances of very high concern (SVHC) and are safe for human health and the environment. It is required by the European Union but is also relevant for US companies that export to the EU.
• Conflict Minerals Compliance: This certification ensures that the bearings do not contain minerals such as tin, tungsten, tantalum, and gold that are sourced from conflict zones and contribute to human rights abuses. It is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

A concise historical narrative of NAICS Code 423840-04 covering global milestones and recent developments within the United States.

• The bearings industry has a long history dating back to ancient times when wooden bearings were used in carts and chariots. The first modern bearings were invented in the 18th century by John Harrison, who used them in his marine chronometers. In the 19th century, the development of the steam engine led to the widespread use of bearings in machinery. The industry continued to grow throughout the 20th century, with advancements in materials and manufacturing processes leading to more efficient and durable bearings. In recent years, the industry has seen increased demand for bearings in the automotive and aerospace sectors, as well as in renewable energy technologies such as wind turbines. In the United States, the bearings industry has a rich history dating back to the early 20th century. The industry grew rapidly during World War II, as bearings were essential components in military equipment. After the war, the industry continued to expand, with increased demand from the automotive and aerospace sectors. In the 1970s and 1980s, the industry faced challenges from foreign competition, particularly from Japan. However, American manufacturers were able to adapt and remain competitive, and the industry continued to grow. In recent years, the industry has faced challenges from the COVID-19 pandemic, which has disrupted global supply chains and reduced demand for bearings in some sectors.

The anticipated future trajectory of the NAICS 423840-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The bearings (wholesale) industry in the USA is expected to grow steadily in the coming years. The increasing demand for bearings from various end-use industries such as automotive, aerospace, and construction is expected to drive the growth of the industry. The growing trend of automation and the increasing use of bearings in various industrial applications are also expected to contribute to the growth of the industry. However, the industry may face challenges such as the availability of low-cost bearings from countries such as China and India, which may affect the growth of the industry in the USA. Overall, the industry is expected to grow at a moderate pace in the coming years.

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

• SKF has developed a new range of bearings that are designed to reduce friction and improve energy efficiency in various industrial applications.
• NSK has introduced a new range of bearings that are designed to withstand high temperatures and harsh environments, making them suitable for use in the steel and mining industries.
• Timken has developed a new type of bearing that uses advanced materials and manufacturing techniques to improve performance and reduce maintenance costs.
• Schaeffler has introduced a new range of bearings that are designed to reduce noise and vibration in various industrial applications, making them suitable for use in the automotive and aerospace industries.
• NTN has developed a new type of bearing that uses advanced lubrication technology to improve performance and reduce maintenance costs in various industrial applications.