NAICS Code 423860-27 - Tanks-Used (Wholesale)
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NAICS Code 423860-27 Description (8-Digit)
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Tools
Tools commonly used in the Tanks-Used (Wholesale) industry for day-to-day tasks and operations.
- Tank cleaning equipment
- Welding equipment
- Cutting tools (e.g. plasma cutters)
- Pressure testing equipment
- Hoists and cranes
- Hand tools (e.g. wrenches, hammers)
- Sandblasting equipment
- Paint sprayers
- Inspection cameras
- Forklifts
Industry Examples of Tanks-Used (Wholesale)
Common products and services typical of NAICS Code 423860-27, illustrating the main business activities and contributions to the market.
- Used oil tanks
- Chemical storage tanks
- Water storage tanks
- Fuel storage tanks
- Propane tanks
- Industrial gas tanks
- Wine fermentation tanks
- Milk storage tanks
- Brewery tanks
- Fertilizer storage tanks
Certifications, Compliance and Licenses for NAICS Code 423860-27 - Tanks-Used (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The certification ensures that the driver has passed a background check and is aware of the risks and regulations associated with transporting hazardous materials. More information can be found on the TSA website:
- Commercial Driver's License (CDL): A license required by the Federal Motor Carrier Safety Administration (FMCSA) for drivers who operate commercial motor vehicles (CMVs) weighing over 26,001 pounds or carrying hazardous materials. The license ensures that the driver has passed a knowledge and skills test and is aware of the regulations associated with operating a CMV. More information can be found on the FMCSA website:
- Environmental Protection Agency (EPA) Certification: A certification required by the EPA for individuals who handle refrigerants in air conditioning and refrigeration systems. The certification ensures that the individual is aware of the regulations associated with handling refrigerants and can do so safely. More information can be found on the EPA website:
- Occupational Safety and Health Administration (OSHA) Certification: A certification required by OSHA for individuals who work in hazardous industries, including the wholesale industry. The certification ensures that the individual is aware of the safety regulations associated with their job and can work safely. More information can be found on the OSHA website:
- National Institute for Occupational Safety and Health (NIOSH) Certification: A certification required by NIOSH for individuals who work with respiratory protection equipment. The certification ensures that the individual is aware of the regulations associated with respiratory protection and can use the equipment safely. More information can be found on the NIOSH website:
History
A concise historical narrative of NAICS Code 423860-27 covering global milestones and recent developments within the United States.
- The "Tanks-Used (Wholesale)" industry has a long history dating back to the early 20th century when the first tanks were used in World War I. After the war, many tanks were decommissioned and sold to private companies, which marked the beginning of the used tank market. During World War II, tanks played a crucial role in the war effort, and after the war, many tanks were again decommissioned and sold to private companies. In recent history, the industry has seen notable advancements in technology, such as the development of remote-controlled tanks and the use of tanks in the oil and gas industry for storage and transportation purposes. In the United States, the "Tanks-Used (Wholesale)" industry has seen significant growth in recent years due to the increasing demand for tanks in various industries, such as oil and gas, agriculture, and construction. The industry has also seen advancements in technology, such as the use of drones for tank inspections and the development of new materials for tank construction. In addition, the industry has been impacted by various regulations, such as the Environmental Protection Agency's regulations on underground storage tanks. Overall, the industry has a rich history and continues to evolve with new technologies and regulations.
Future Outlook for Tanks-Used (Wholesale)
The anticipated future trajectory of the NAICS 423860-27 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 industry "Tanks-Used (Wholesale)" in the USA is positive. The demand for used tanks is expected to increase due to the growing need for storage and transportation of various liquids and gases. The industry is also expected to benefit from the increasing focus on sustainability and the circular economy, as used tanks can be repurposed and recycled. Additionally, the industry is likely to benefit from the growth of the oil and gas industry, as tanks are used for storage and transportation of these products. However, the industry may face challenges due to the increasing competition from new and emerging technologies, such as 3D printing and advanced materials. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 423860-27
Recent groundbreaking advancements and milestones in the Tanks-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Tank Cleaning and Inspection Robots: These robots are designed to clean and inspect tanks without the need for human entry, reducing the risk of accidents and improving efficiency.
- Iot-Enabled Tanks: Tanks equipped with sensors and IoT technology can provide real-time data on the level, temperature, and pressure of the stored liquids or gases, enabling better monitoring and control.
- Tank Leasing Services: Some companies are now offering tank leasing services, allowing businesses to rent tanks instead of buying them outright, reducing upfront costs and improving flexibility.
- Tank Recycling Programs: Several companies are now offering tank recycling programs, allowing businesses to dispose of their used tanks in an environmentally friendly way and repurpose the materials.
- Tank Tracking Software: Software solutions are now available that allow businesses to track the location and status of their tanks in real-time, improving logistics and reducing the risk of loss or theft.
NAICS Code 423860-27 - Tanks-Used (Wholesale)
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