NAICS Code 423850-45 - Laundry Equipment Coml-Coin Operated (Wholesale)

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NAICS Code 423850-45 Description (8-Digit)

Laundry Equipment Coml-Coin Operated (Wholesale) is a subdivision of the Service Establishment Equipment and Supplies Merchant Wholesalers industry. This industry involves the wholesale distribution of commercial laundry equipment that is coin-operated. The equipment is designed to be used in commercial laundry facilities such as laundromats, apartment complexes, and hotels. The equipment is typically sold to retailers who then sell or lease the equipment to end-users. The industry is highly competitive, with manufacturers constantly innovating to improve the efficiency and functionality of their equipment.

Hierarchy Navigation for NAICS Code 423850-45

Tools

Tools commonly used in the Laundry Equipment Coml-Coin Operated (Wholesale) industry for day-to-day tasks and operations.

  • Commercial washing machines
  • Commercial dryers
  • Coin-operated machines
  • Laundry carts
  • Laundry folding tables
  • Laundry vending machines
  • Laundry scales
  • Laundry detergent dispensers
  • Laundry bags
  • Laundry hampers
  • Laundry baskets
  • Laundry racks
  • Laundry sorting systems
  • Laundry press machines
  • Laundry steamers
  • Laundry ironing machines
  • Laundry extractors
  • Laundry water heaters
  • Laundry boilers

Industry Examples of Laundry Equipment Coml-Coin Operated (Wholesale)

Common products and services typical of NAICS Code 423850-45, illustrating the main business activities and contributions to the market.

  • Coin-operated laundry machines
  • Commercial washing machines
  • Commercial dryers
  • Laundry equipment suppliers
  • Laundry equipment distributors
  • Laundry equipment manufacturers
  • Coin laundry equipment
  • Apartment laundry equipment
  • Hotel laundry equipment
  • Laundromat equipment

Certifications, Compliance and Licenses for NAICS Code 423850-45 - Laundry Equipment Coml-Coin Operated (Wholesale)

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

  • OSHA Safety Certification: This certification is required for all employees who work with laundry equipment to ensure that they are aware of the potential hazards and safety procedures. The Occupational Safety and Health Administration (OSHA) provides this certification.
  • EPA Certification: This certification is required for all employees who work with refrigerants in laundry equipment. The Environmental Protection Agency (EPA) provides this certification.
  • National Fire Protection Association (NFPA) Certification: This certification is required for all employees who work with laundry equipment to ensure that they are aware of the potential fire hazards and safety procedures. The National Fire Protection Association (NFPA) provides this certification.
  • National Institute for Occupational Safety and Health (NIOSH) Certification: This certification is required for all employees who work with laundry equipment to ensure that they are aware of the potential health hazards and safety procedures. The National Institute for Occupational Safety and Health (NIOSH) provides this certification.
  • Uniform Mechanical Code (UMC) Certification: This certification is required for all employees who work with laundry equipment to ensure that they are aware of the mechanical codes and safety procedures. The International Association of Plumbing and Mechanical Officials (IAPMO) provides this certification.

History

A concise historical narrative of NAICS Code 423850-45 covering global milestones and recent developments within the United States.

  • The commercial laundry industry has been around for centuries, with the first commercial laundry service established in the United States in the late 1800s. The industry has come a long way since then, with the introduction of coin-operated laundry machines in the 1930s and the development of more advanced laundry equipment in the 1960s. In recent years, the industry has seen a shift towards more energy-efficient and environmentally-friendly equipment, as well as the integration of technology such as mobile payment systems and remote monitoring. In the United States, the commercial laundry industry has experienced steady growth over the past decade, with a market size of over $5 billion in 2020. This growth can be attributed to factors such as an increase in the number of multi-housing units and the rise of the sharing economy, which has led to a higher demand for commercial laundry services. Additionally, advancements in laundry technology have made it easier and more cost-effective for businesses to outsource their laundry needs. Overall, the commercial laundry industry is expected to continue to grow in the coming years, driven by factors such as increasing urbanization and the growing popularity of on-demand laundry services.

Future Outlook for Laundry Equipment Coml-Coin Operated (Wholesale)

The anticipated future trajectory of the NAICS 423850-45 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Laundry Equipment Coml-Coin Operated (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for commercial laundry services. The growth of the hospitality and healthcare sectors is also expected to drive the demand for commercial laundry services, which in turn will increase the demand for laundry equipment. Additionally, the increasing trend of outsourcing laundry services by businesses is expected to boost the demand for laundry equipment. However, the industry may face challenges due to the increasing competition from online retailers and the rising prices of raw materials. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423850-45

Recent groundbreaking advancements and milestones in the Laundry Equipment Coml-Coin Operated (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Laundry Machines: These machines are equipped with sensors and software that allow them to optimize water and energy usage, reduce cycle times, and improve the overall efficiency of laundry operations.
  • Mobile Payment Systems: Some laundry equipment manufacturers have introduced mobile payment systems that allow customers to pay for laundry services using their smartphones. This innovation has made it easier for customers to use laundry services and has increased the efficiency of laundry operations.
  • Energy-Efficient Dryers: Manufacturers have introduced energy-efficient dryers that use less energy and reduce the overall cost of laundry operations. These dryers are also environmentally friendly and help businesses reduce their carbon footprint.
  • Advanced Water Filtration Systems: Some laundry equipment manufacturers have introduced advanced water filtration systems that allow businesses to recycle water and reduce their water usage. This innovation has helped businesses reduce their water bills and has made laundry operations more sustainable.
  • Cloud-Based Laundry Management Systems: These systems allow businesses to manage their laundry operations remotely and optimize their laundry processes. They provide real-time data on laundry operations and help businesses reduce their costs and improve their efficiency.

NAICS Code 423850-45 - Laundry Equipment Coml-Coin Operated (Wholesale)

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