NAICS Code 444140-14 - Tools-New & Used (Retail)
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NAICS Code 444140-14 Description (8-Digit)
Hierarchy Navigation for NAICS Code 444140-14
Parent Code (less specific)
Tools
Tools commonly used in the Tools-New & Used (Retail) industry for day-to-day tasks and operations.
- Cordless drills
- Circular saws
- Jigsaws
- Sanders
- Grinders
- Welders
- Air compressors
- Generators
- Pressure washers
- Hand tools (e.g. hammers, screwdrivers, wrenches)
Industry Examples of Tools-New & Used (Retail)
Common products and services typical of NAICS Code 444140-14, illustrating the main business activities and contributions to the market.
- Power tool retailer
- Construction tool supplier
- Woodworking tool store
- Automotive tool shop
- DIY tool outlet
- Tool rental service
- Industrial tool distributor
- Garden tool retailer
- Electrical tool supplier
- Plumbing tool store
Certifications, Compliance and Licenses for NAICS Code 444140-14 - Tools-New & Used (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for employees who work with power tools and heavy machinery. It ensures that employees are trained in the safe operation of equipment and are aware of the potential hazards. The certification is provided by OSHA, and
- Environmental Protection Agency (EPA) Lead Certification: This certification is required for contractors who work on buildings built before 1978. It ensures that contractors are trained in lead-safe work practices and can safely work with lead-based paint. The certification is provided by the EPA, and
- National Institute for Occupational Safety and Health (NIOSH) Certification: This certification is required for employees who work with respirators. It ensures that employees are trained in the proper use and maintenance of respirators and can protect themselves from harmful airborne contaminants. The certification is provided by NIOSH, and
- Consumer Product Safety Commission (CPSC) Certification: This certification is required for certain products, such as power tools and hand tools, to ensure that they meet safety standards and do not pose a hazard to consumers. The certification is provided by the CPSC, and
- National Fire Protection Association (NFPA) Certification: This certification is required for employees who work with fire extinguishers and other fire suppression equipment. It ensures that employees are trained in the proper use and maintenance of fire suppression equipment and can respond to fires safely. The certification is provided by the NFPA, and
History
A concise historical narrative of NAICS Code 444140-14 covering global milestones and recent developments within the United States.
- The "Tools-New & Used (Retail)" industry has a long history dating back to the early days of human civilization. The first tools were made from stone, bone, and wood, and were used for hunting, farming, and building. Over time, tools became more sophisticated, and metalworking techniques were developed, leading to the creation of more durable and efficient tools. In the United States, the industry began to take shape in the late 19th century, with the rise of mass production and the growth of the consumer market. The introduction of power tools in the early 20th century revolutionized the industry, making it possible to produce tools on a larger scale and at a lower cost. In recent years, the industry has been impacted by the rise of e-commerce, which has led to increased competition and the need for retailers to adapt to changing consumer preferences.
Future Outlook for Tools-New & Used (Retail)
The anticipated future trajectory of the NAICS 444140-14 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 Tools-New & Used (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for DIY projects and home improvement. The rise in disposable income and the growing popularity of online shopping are also expected to contribute to the growth of the industry. However, the industry may face challenges due to the increasing competition from online retailers and the rising cost of raw materials. Overall, the industry is expected to continue to grow in the coming years.
Industry Innovations for NAICS Code 444140-14
Recent groundbreaking advancements and milestones in the Tools-New & Used (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Tools: The development of smart tools that can be controlled through a smartphone app has been a recent innovation in the industry. These tools can provide real-time data and analytics, making it easier for users to complete their projects.
- Cordless Power Tools: The introduction of cordless power tools has been a game-changer in the industry. These tools are more convenient to use and provide greater mobility, making them popular among DIY enthusiasts and professionals alike.
- 3D Printing: The use of 3D printing technology has allowed for the creation of custom tools and replacement parts, reducing the need for expensive and time-consuming manufacturing processes.
- Augmented Reality: The use of augmented reality technology has been a recent innovation in the industry. It allows users to visualize how a tool or product will look in their space before making a purchase, making it easier to make informed decisions.
- Eco-Friendly Tools: The development of eco-friendly tools that are made from sustainable materials and have a low carbon footprint has been a recent trend in the industry. These tools are becoming increasingly popular among environmentally conscious consumers.
NAICS Code 444140-14 - Tools-New & Used (Retail)
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