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NAICS Code 457120-02 Description (8-Digit)

The Oils-Lubricating (Retail) industry involves the retail sale of lubricating oils, greases, and other lubricating products for automotive and industrial machinery. This industry is responsible for providing customers with the necessary lubricants to keep their machinery running smoothly and efficiently. Oils-Lubricating (Retail) stores typically offer a range of products from various manufacturers to meet the needs of their customers.

Hierarchy Navigation for NAICS Code 457120-02

Parent Code (less specific)

Tools

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

  • Oil filter wrench
  • Funnel
  • Oil drain pan
  • Grease gun
  • Oil filter pliers
  • Oil filter cutter
  • Oil filter drain tool
  • Oil filter socket set
  • Oil filter magnet
  • Oil filter crusher

Industry Examples of Oils-Lubricating (Retail)

Common products and services typical of NAICS Code 457120-02, illustrating the main business activities and contributions to the market.

  • Motor oil
  • Transmission fluid
  • Hydraulic oil
  • Gear oil
  • Grease
  • Brake fluid
  • Power steering fluid
  • Engine oil additives
  • Fuel system cleaners
  • Lubricant sprays

Certifications, Compliance and Licenses for NAICS Code 457120-02 - Oils-Lubricating (Retail)

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 oils and lubricants that meet their standards for quality and performance. This certification is important for the industry as it ensures that the products meet the necessary standards for use in various applications. oil-guide/engine-oil-certification-and-licensing
  • UL Certification: Underwriters Laboratories (UL) provides certification for lubricants and oils that meet their safety and performance standards. This certification is important for the industry as it ensures that the products meet the necessary safety standards for use in various applications.
  • NSF Certification: The National Sanitation Foundation (NSF) provides certification for lubricants and oils that meet their standards for safety and performance. This certification is important for the industry as it ensures that the products meet the necessary safety standards for use in various applications.
  • ISO 9001 Certification: The International Organization for Standardization (ISO) provides certification for quality management systems. This certification is important for the industry as it ensures that the companies meet the necessary standards for quality management.
  • OSHA Compliance: The Occupational Safety and Health Administration (OSHA) sets standards for workplace safety and health. Compliance with OSHA standards is important for the industry as it ensures that the companies meet the necessary safety standards for their employees.

History

A concise historical narrative of NAICS Code 457120-02 covering global milestones and recent developments within the United States.

  • The "Oils-Lubricating (Retail)" industry has a long history dating back to the early 1900s when the first automobiles were introduced. As the demand for automobiles increased, so did the demand for oils and lubricants. In the 1920s, the first synthetic motor oil was developed, which provided better performance and longer-lasting protection for engines. In the 1950s, multi-grade oils were introduced, which allowed for better engine performance in both hot and cold temperatures. In recent history, the industry has seen advancements in the development of high-performance oils and lubricants that provide better fuel efficiency and reduced emissions. In the United States, the industry has also seen a shift towards more environmentally friendly products, such as bio-based lubricants and recycled oils.

Future Outlook for Oils-Lubricating (Retail)

The anticipated future trajectory of the NAICS 457120-02 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 (Retail) industry in the USA is positive. The industry is expected to grow due to the increasing demand for automobiles and the need for regular maintenance and oil changes. The industry is also expected to benefit from the growing trend of DIY car maintenance, which will increase the demand for retail oils and lubricants. Additionally, the industry is expected to benefit from the increasing popularity of electric vehicles, as these vehicles still require lubricants for their moving parts. However, the industry may face challenges due to the increasing popularity of ride-sharing services and the growing trend of car-sharing, which may reduce the number of cars on the road and, therefore, the demand for retail oils and lubricants.

Industry Innovations for NAICS Code 457120-02

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

  • Mobile Oil Change Services: Companies like Wrench and YourMechanic offer on-demand oil change services that come to the customer's location, making it more convenient for customers to get their oil changed.
  • Synthetic Oils: Synthetic oils have become increasingly popular due to their longer lifespan and better performance in extreme temperatures.
  • Eco-Friendly Oils: Some companies have started producing eco-friendly oils that are biodegradable and less harmful to the environment.
  • Smart Oil Sensors: Some cars now come equipped with smart oil sensors that can detect when the oil needs to be changed, making it easier for car owners to maintain their vehicles.
  • Online Ordering and Delivery: Many retailers now offer online ordering and delivery of oils and lubricants, making it more convenient for customers to purchase these products.

NAICS Code 457120-02 - Oils-Lubricating (Retail)

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