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

• Oil filter wrenches
• Grease guns
• Oil drain pans
• Oil filter crushers
• Oil analysis kits
• Oil transfer pumps
• Oil filter pliers
• Oil filter sockets
• Oil filter cutters
• Oil filter drain tools
• Grease fittings
• Grease couplers
• Grease whips
• Grease guns with flexible hoses
• Grease pumps
• Grease guns with extension tubes
• Grease gun holders
• Grease gun accessories
• Oil filter wrench sockets

Common products and services typical of NAICS Code 424720-17, illustrating the main business activities and contributions to the market.

• Automotive repair shops
• Manufacturing plants
• Construction companies
• Mining operations
• Agriculture and farming
• Marine and boating
• Aviation maintenance
• Railroad maintenance
• Heavy equipment rental
• Oil and gas drilling

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

• API Certification: The American Petroleum Institute (API) provides certification for lubricant manufacturers to ensure that their products meet industry standards. This certification is important for wholesalers to ensure that they are selling high-quality products that meet industry standards.
• ISO 9001:2015 Certification: This certification is an international standard that outlines the requirements for a quality management system. It is important for wholesalers to have this certification to ensure that their products meet quality standards.
• OSHA Hazard Communication Standard: This standard requires that employers provide information to their employees about the hazardous chemicals they work with. It is important for wholesalers to comply with this standard to ensure the safety of their employees.
• EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil and petroleum products. It is important for wholesalers to have this plan in place to prevent spills and protect the environment.
• DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It is important for wholesalers to have this certification to ensure that they are transporting these materials safely.

A concise historical narrative of NAICS Code 424720-17 covering global milestones and recent developments within the United States.

• The Oils-Lubricating (Wholesale) industry has a long history dating back to the 19th century when the first petroleum-based lubricants were developed. In the early 1900s, the industry saw significant growth due to the increasing demand for automobiles and the need for lubricants. During World War II, the industry experienced a boom as the military required large quantities of lubricants for their vehicles and machinery. In the 1960s and 1970s, the industry saw a shift towards synthetic lubricants, which offered better performance and durability. In recent years, the industry has focused on developing environmentally friendly lubricants that are biodegradable and non-toxic. In the United States, the Oils-Lubricating (Wholesale) industry has seen steady growth over the past few decades. The industry has benefited from the increasing demand for lubricants in various sectors, including automotive, industrial, and marine. The industry has also seen a shift towards synthetic lubricants, which offer better performance and durability. In recent years, the industry has focused on developing environmentally friendly lubricants that are biodegradable and non-toxic. Overall, the industry is expected to continue to grow in the coming years due to the increasing demand for lubricants in various sectors.

The anticipated future trajectory of the NAICS 424720-17 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 Oils-Lubricating (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for lubricants in various sectors such as automotive, industrial, and marine. The growth in the automotive industry, particularly the electric vehicle segment, is expected to drive the demand for high-performance lubricants. Additionally, the increasing demand for bio-based lubricants due to environmental concerns is expected to create new opportunities for the industry. However, the industry may face challenges such as volatile crude oil prices and the emergence of substitutes such as synthetic lubricants. Overall, the industry is expected to grow steadily in the coming years.

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

• Development Of Bio-Based Lubricants: The industry has witnessed the development of bio-based lubricants that are made from renewable sources such as vegetable oils and animal fats. These lubricants are eco-friendly and offer superior performance compared to conventional lubricants.
• Introduction Of Synthetic Lubricants: The industry has seen the introduction of synthetic lubricants that offer better performance and durability compared to conventional lubricants. These lubricants are widely used in high-performance applications such as racing cars and aircraft engines.
• Use Of Nanotechnology In Lubricants: The industry has started using nanotechnology to develop lubricants that offer superior performance and durability. Nanoparticles are added to lubricants to improve their wear resistance, reduce friction, and enhance their thermal stability.
• Development Of Lubricants for Electric Vehicles: The industry has witnessed the development of lubricants that are specifically designed for electric vehicles. These lubricants offer better performance and durability compared to conventional lubricants and are expected to drive the growth of the industry in the coming years.
• Adoption Of Iot In Lubricant Monitoring: The industry has started adopting IoT technology to monitor the performance of lubricants in real-time. IoT sensors are installed in machines to monitor the condition of lubricants and alert the users when they need to be replaced. This helps in reducing downtime and improving the efficiency of machines.