NAICS Code 423840-73 - Wheels-Industrial (Wholesale)
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NAICS Code 423840-73 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423840-73
Parent Code (less specific)
Tools
Tools commonly used in the Wheels-Industrial (Wholesale) industry for day-to-day tasks and operations.
- Pallet jacks
- Hand trucks
- Forklifts
- Wheel dollies
- Wheel chocks
- Wheel wrenches
- Wheel balancers
- Tire pressure gauges
- Wheel alignment tools
- Wheel bearing greasers
Industry Examples of Wheels-Industrial (Wholesale)
Common products and services typical of NAICS Code 423840-73, illustrating the main business activities and contributions to the market.
- Cast iron wheels
- Steel wheels
- Polyurethane wheels
- Rubber wheels
- Nylon wheels
- Phenolic wheels
- V-groove wheels
- Flanged wheels
- Track wheels
- Skate wheels
Certifications, Compliance and Licenses for NAICS Code 423840-73 - Wheels-Industrial (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).
- ISO 14001: Environmental management system certification that ensures the company meets environmental regulations and reduces its environmental impact. Provided by the International Organization for Standardization (ISO).
- OSHA 30-Hour General Industry Training: Certification that provides workers with an overview of safety and health hazards in the workplace and how to prevent them. Provided by the Occupational Safety and Health Administration (OSHA).
- DOT Hazardous Materials Transportation Training: Certification that provides employees with the knowledge and skills to safely transport hazardous materials. Provided by the Department of Transportation (DOT).
- EPA Lead Renovation, Repair and Painting (RRP) Program: Certification that ensures workers are trained in lead-safe work practices when working in pre-1978 homes and child-occupied facilities. Provided by the Environmental Protection Agency (EPA).
History
A concise historical narrative of NAICS Code 423840-73 covering global milestones and recent developments within the United States.
- The industrial wheels industry has a long history dating back to the early 19th century when the first iron wheels were used in factories. The development of the railroad system in the mid-19th century led to the mass production of wheels for trains, which further spurred the growth of the industry. In the early 20th century, the use of rubber tires on wheels became widespread, leading to the development of the modern tire industry. In recent years, the industrial wheels industry has seen significant advancements in technology, with the development of new materials and manufacturing processes. For example, the use of lightweight materials such as aluminum and carbon fiber has led to the development of high-performance wheels for use in aerospace and motorsports applications. In the United States, the industrial wheels industry has seen steady growth over the past few decades, driven by the increasing demand for industrial equipment and machinery. The industry has also benefited from the growth of e-commerce and the rise of online marketplaces, which have made it easier for wholesalers to reach customers and expand their businesses. In recent years, the industry has faced challenges from the COVID-19 pandemic, which has disrupted supply chains and led to a decline in demand for industrial equipment. However, the industry is expected to recover in the coming years as the global economy recovers and demand for industrial equipment rebounds.
Future Outlook for Wheels-Industrial (Wholesale)
The anticipated future trajectory of the NAICS 423840-73 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 industrial wheels wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for industrial wheels in various sectors such as automotive, construction, and manufacturing. The growth of the e-commerce industry is also expected to boost the demand for industrial wheels as more businesses shift towards online sales. The industry is also expected to benefit from the increasing focus on sustainability and the use of eco-friendly materials in manufacturing. However, the industry may face challenges such as rising raw material costs and increasing competition from low-cost imports. Overall, the future outlook for the industrial wheels wholesale industry in the USA is positive, with steady growth expected in the coming years.
Industry Innovations for NAICS Code 423840-73
Recent groundbreaking advancements and milestones in the Wheels-Industrial (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Wheels: These are industrial wheels that are equipped with sensors and other advanced technologies to monitor performance and provide real-time data on usage, wear and tear, and other important metrics. This technology is expected to revolutionize the industrial wheels industry by enabling businesses to optimize their operations and reduce downtime.
- Lightweight Wheels: With the increasing focus on sustainability and fuel efficiency, there is a growing demand for lightweight industrial wheels that can reduce the weight of vehicles and equipment. Manufacturers are developing new materials and designs to create wheels that are both strong and lightweight.
- Non-Pneumatic Wheels: These are industrial wheels that do not require air pressure and are therefore less prone to punctures and other damage. They are also more environmentally friendly as they do not require the use of rubber or other petroleum-based materials.
- 3D-Printed Wheels: 3D printing technology is being used to create custom industrial wheels that are tailored to specific applications. This technology allows for greater flexibility and customization in wheel design and production.
- Self-Healing Wheels: Researchers are developing industrial wheels that can repair themselves when damaged, reducing the need for costly repairs and replacements. This technology could significantly reduce maintenance costs and downtime for businesses that rely on industrial wheels.
NAICS Code 423840-73 - Wheels-Industrial (Wholesale)
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