NAICS Code 423840-94 - Tools-Hydraulic (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423840-94
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NAICS Code 423840-94 Description (8-Digit)

The Tools-Hydraulic (Wholesale) industry involves the distribution of hydraulic tools and equipment to various businesses and industries. These tools are designed to use fluid power to perform various tasks, such as lifting heavy objects, bending metal, and cutting through tough materials. The industry is responsible for providing high-quality hydraulic tools that are essential for the smooth operation of many businesses.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423840 page

Tools

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

  • Hydraulic cylinders
  • Hydraulic pumps
  • Hydraulic hoses
  • Hydraulic jacks
  • Hydraulic torque wrenches
  • Hydraulic pullers
  • Hydraulic presses
  • Hydraulic power units
  • Hydraulic valves
  • Hydraulic motors

Industry Examples of Tools-Hydraulic (Wholesale)

Common products and services typical of NAICS Code 423840-94, illustrating the main business activities and contributions to the market.

  • Construction equipment rental
  • Mining equipment rental
  • Heavy machinery repair
  • Manufacturing machinery repair
  • Industrial equipment repair
  • Oil and gas equipment repair
  • Agriculture machinery repair
  • Marine equipment repair
  • Aerospace equipment repair
  • Automotive repair shops

History

A concise historical narrative of NAICS Code 423840-94 covering global milestones and recent developments within the United States.

  • The hydraulic tools industry has a long history dating back to the early 20th century when hydraulic systems were first introduced. The first hydraulic tools were used in the construction industry to power heavy machinery and equipment. In the 1950s, hydraulic tools became more widely used in the automotive industry, particularly for brake systems. The development of hydraulic tools continued throughout the 20th century, with advancements in technology leading to more efficient and powerful tools. In recent years, the industry has seen a shift towards more environmentally friendly hydraulic fluids and the integration of digital technology into hydraulic systems. In the United States, the hydraulic tools industry has experienced steady growth over the past decade. The increasing demand for hydraulic tools in the construction and manufacturing industries has been a major driver of this growth. Additionally, the development of new hydraulic technologies has led to increased efficiency and productivity in these industries. The COVID-19 pandemic has also had an impact on the industry, with increased demand for hydraulic tools in the healthcare sector for use in ventilators and other medical equipment. Overall, the hydraulic tools industry in the United States is poised for continued growth in the coming years.