NAICS Code 493110-04 - Storage-Industrial & Commercial

Marketing Level - NAICS 8-Digit

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NAICS Code 493110-04 Description (8-Digit)

The Storage-Industrial & Commercial industry involves the leasing or renting of space for the storage of goods and materials for commercial or industrial purposes. This industry provides a secure and convenient solution for businesses that require additional space to store their inventory, equipment, and supplies. The facilities provided by this industry are typically large, with high ceilings and loading docks to accommodate the storage of large items.

Hierarchy Navigation for NAICS Code 493110-04

Parent Code (less specific)

Tools

Tools commonly used in the Storage-Industrial & Commercial industry for day-to-day tasks and operations.

  • Pallet jacks
  • Forklifts
  • Conveyor belts
  • Shelving units
  • Racking systems
  • Loading docks
  • Hand trucks
  • Storage bins
  • Strapping machines
  • Stretch wrap machines

Industry Examples of Storage-Industrial & Commercial

Common products and services typical of NAICS Code 493110-04, illustrating the main business activities and contributions to the market.

  • Industrial equipment storage
  • Commercial inventory storage
  • Construction materials storage
  • Retail merchandise storage
  • Pharmaceutical storage
  • Automotive parts storage
  • Electronics storage
  • Food and beverage storage
  • Textile storage
  • Chemical storage

Certifications, Compliance and Licenses for NAICS Code 493110-04 - Storage-Industrial & Commercial

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

  • OSHA 10-Hour General Industry Training: This certification is required for workers in the storage industry to ensure they are aware of the potential hazards and safety procedures in the workplace. The Occupational Safety and Health Administration (OSHA) provides this certification.
  • Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials. The Transportation Security Administration (TSA) provides this certification.
  • Certified Logistics Technician (CLT): This certification is designed for workers in the logistics industry, including those in storage and warehousing. It covers topics such as supply chain management, material handling, and safety. The Manufacturing Skill Standards Council (MSSC) provides this certification.
  • Certified Forklift Operator: This certification is required for workers who operate forklifts in the storage industry. It covers topics such as safety, operation, and maintenance. The Occupational Safety and Health Administration (OSHA) provides this certification.
  • International Warehouse Logistics Association (IWLA) Certification: This certification is designed for workers in the warehouse and logistics industry, including those in storage. It covers topics such as safety, operations, and management. The International Warehouse Logistics Association (IWLA) provides this certification.

History

A concise historical narrative of NAICS Code 493110-04 covering global milestones and recent developments within the United States.

  • The industrial and commercial storage industry has a long history dating back to ancient times when people used to store their goods in underground caves. In the 19th century, the industrial revolution led to the development of large-scale storage facilities, and the industry continued to grow with the advent of new technologies such as refrigeration and automation. In the United States, the industry saw significant growth in the post-World War II era, with the rise of suburbanization and the need for more storage space. In recent years, the industry has continued to evolve with the introduction of new technologies such as cloud storage and the increasing demand for e-commerce warehousing.

Future Outlook for Storage-Industrial & Commercial

The anticipated future trajectory of the NAICS 493110-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Storage-Industrial & Commercial industry in the USA is positive. The industry is expected to grow due to the increasing demand for storage facilities from various sectors such as retail, manufacturing, and e-commerce. The rise of e-commerce has led to an increase in demand for warehouse space, and the trend is expected to continue. Additionally, the industry is expected to benefit from the growth of the US economy, which will lead to an increase in demand for storage facilities. However, the industry may face challenges such as rising real estate costs and competition from other storage providers. Overall, the Storage-Industrial & Commercial industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 493110-04

Recent groundbreaking advancements and milestones in the Storage-Industrial & Commercial industry, reflecting notable innovations that have reshaped its landscape.

  • Automated Storage and Retrieval Systems: These systems use robots to move and store goods, increasing efficiency and reducing labor costs.
  • Smart Warehouses: These warehouses use technology such as sensors and RFID tags to track inventory and optimize storage space.
  • Vertical Storage: This innovation involves using vertical space to store goods, allowing for more efficient use of warehouse space.
  • Cloud-Based Inventory Management: This technology allows for real-time tracking of inventory, reducing the risk of stockouts and improving supply chain management.
  • Robotics and Drones: These technologies are being used to automate tasks such as picking and packing, reducing labor costs and increasing efficiency.

NAICS Code 493110-04 - Storage-Industrial & Commercial

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