NAICS Code 444140-05 - Hardware (Retail)
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NAICS Code 444140-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 444140-05
Parent Code (less specific)
Tools
Tools commonly used in the Hardware (Retail) industry for day-to-day tasks and operations.
- Hammers
- Screwdrivers
- Wrenches
- Pliers
- Saws
- Drills
- Sanders
- Grinders
- Levels
- Measuring tapes
- Paint brushes
- Rollers
- Caulking guns
- Glue guns
- Staple guns
- Clamps
- Vises
- Welding equipment
- Safety gear
Industry Examples of Hardware (Retail)
Common products and services typical of NAICS Code 444140-05, illustrating the main business activities and contributions to the market.
- Power tools
- Hand tools
- Fasteners
- Locks
- Keys
- Hinges
- Chains
- Electrical supplies
- Plumbing supplies
- Paint supplies
- Building materials
- Garden supplies
- Safety equipment
- Cleaning supplies
- Storage solutions
- Home improvement products
- Hardware accessories
Certifications, Compliance and Licenses for NAICS Code 444140-05 - Hardware (Retail)
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 hazardous materials or equipment. It ensures that employees are trained in the proper handling and use of equipment and materials to prevent accidents and injuries. The Occupational Safety and Health Administration (OSHA) provides this certification.
- Environmental Protection Agency (EPA) Lead Certification: This certification is required for all contractors who work on buildings built before 1978 to ensure that they are trained in the proper handling and disposal of lead-based paint. The EPA provides this certification.
- National Retail Federation (NRF) Certification: This certification is designed for retail professionals and covers topics such as customer service, sales, and merchandising. It is provided by the National Retail Federation.
- National Association Of Home Builders (NAHB) Certification: This certification is designed for professionals in the home building industry and covers topics such as construction management, green building, and remodeling. It is provided by the National Association of Home Builders.
- National Institute for Certification In Engineering Technologies (NICET) Certification: This certification is designed for professionals in the engineering and technology fields and covers topics such as fire protection, security systems, and telecommunications. It is provided by the National Institute for Certification in Engineering Technologies.
History
A concise historical narrative of NAICS Code 444140-05 covering global milestones and recent developments within the United States.
- The "Hardware (Retail)" industry has a long history dating back to the early days of human civilization. The first hardware stores were established in ancient Rome, where they sold tools and building materials. In the Middle Ages, hardware stores were common in Europe, and they sold a wide range of products, including weapons, locks, and tools. In the United States, the first hardware store was established in 1848 in Cincinnati, Ohio. The industry grew rapidly in the late 19th and early 20th centuries, as the country experienced a building boom. In recent years, the industry has faced challenges due to the rise of online shopping and the decline of brick-and-mortar retail. However, many hardware stores have adapted to these changes by offering online shopping and other services to customers.
Future Outlook for Hardware (Retail)
The anticipated future trajectory of the NAICS 444140-05 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 Hardware (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for home improvement products and the rise in disposable income. The industry is also expected to benefit from the growth of the housing market and the increasing number of home renovation projects. The industry is also expected to benefit from the increasing popularity of DIY projects and the growing trend of consumers looking for eco-friendly and sustainable products. However, the industry may face challenges due to the increasing competition from online retailers and the rising costs of raw materials and labor.
Industry Innovations for NAICS Code 444140-05
Recent groundbreaking advancements and milestones in the Hardware (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Home Technology: The integration of smart home technology into hardware products has been a recent innovation in the industry. This technology allows consumers to control their home appliances and devices remotely through their smartphones or other devices.
- Eco-Friendly Products: The industry has seen a rise in the demand for eco-friendly and sustainable products. Many retailers have started offering products made from recycled materials or products that are energy-efficient.
- Contactless Payment Options: With the COVID-19 pandemic, many retailers have started offering contactless payment options to reduce the spread of the virus. This innovation has been adopted by many hardware retailers to provide a safer shopping experience for their customers.
- Online Sales: The industry has seen a significant increase in online sales due to the COVID-19 pandemic. Many retailers have started offering online sales and delivery options to cater to the changing needs of their customers.
- Augmented Reality: The use of augmented reality technology has been a recent innovation in the industry. This technology allows customers to visualize how a product would look in their home before making a purchase. This innovation has been adopted by many retailers to enhance the customer experience and increase sales.
NAICS Code 444140-05 - Hardware (Retail)
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