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NAICS Code 493110-05 Description (8-Digit)

The Tools-Stored industry is a subdivision of the General Warehousing and Storage industry, which involves the storage of various tools and equipment. This industry is responsible for the safekeeping of tools and equipment that are used in various sectors such as construction, manufacturing, and maintenance. The industry provides a secure and organized storage space for tools and equipment, ensuring that they are easily accessible when needed.

Hierarchy Navigation for NAICS Code 493110-05

Parent Code (less specific)

Tools

Tools commonly used in the Tools-Stored industry for day-to-day tasks and operations.

  • Power tools (e.g. drills, saws, sanders)
  • Hand tools (e.g. hammers, screwdrivers, wrenches)
  • Welding equipment
  • Cutting tools (e.g. saw blades, drill bits)
  • Measuring tools (e.g. tape measures, levels)
  • Pneumatic tools (e.g. air compressors, nail guns)
  • Electrical testing equipment
  • Safety equipment (e.g. hard hats, safety glasses)
  • Ladders and scaffolding
  • Material handling equipment (e.g. forklifts, pallet jacks)

Industry Examples of Tools-Stored

Common products and services typical of NAICS Code 493110-05, illustrating the main business activities and contributions to the market.

  • Construction equipment storage
  • Manufacturing tool storage
  • Maintenance equipment storage
  • Automotive tool storage
  • Plumbing tool storage
  • Electrical tool storage
  • HVAC tool storage
  • Landscaping tool storage
  • Painting tool storage
  • Carpentry tool storage

Certifications, Compliance and Licenses for NAICS Code 493110-05 - Tools-Stored

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

  • OSHA Forklift Certification: This certification is required for workers who operate forklifts in the workplace. It ensures that the operator is trained and competent in operating the forklift safely. The certification is provided by the Occupational Safety and Health Administration (OSHA).
  • Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials. It ensures that the driver is trained and competent in handling hazardous materials safely. The endorsement is provided by the Transportation Security Administration (TSA).
  • Commercial Driver's License (CDL): This license is required for drivers who operate commercial motor vehicles (CMVs). It ensures that the driver is trained and competent in operating CMVs safely. The license is provided by the Department of Transportation (DOT).
  • Occupational Safety and Health Administration (OSHA) 10-Hour General Industry Training: This training is required for workers in the general industry. It ensures that the worker is trained and competent in recognizing and preventing workplace hazards. The training is provided by OSHA.
  • National Fire Protection Association (NFPA) 30: Flammable and Combustible Liquids Code: This code provides requirements for the storage, handling, and use of flammable and combustible liquids. It ensures that the storage of these liquids is done safely. The code is provided by the National Fire Protection Association (NFPA).

History

A concise historical narrative of NAICS Code 493110-05 covering global milestones and recent developments within the United States.

  • The "Tools-Stored" industry has a long history dating back to the early days of human civilization. The first tools were made from stone, wood, and bone, and were used for hunting, farming, and building. As technology advanced, so did the tools, and the industry grew to include metalworking, machinery, and power tools. In recent history, the industry has seen significant advancements in automation, with the introduction of robotics and artificial intelligence. In the United States, the industry has been shaped by the growth of e-commerce and the need for efficient and cost-effective storage solutions. Companies like Amazon have revolutionized the industry with their use of advanced technology and logistics systems, and the industry is expected to continue to evolve in the coming years.

Future Outlook for Tools-Stored

The anticipated future trajectory of the NAICS 493110-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The Tools-Stored industry in the USA is expected to experience steady growth in the coming years. The increasing demand for tools and equipment in various industries such as construction, manufacturing, and automotive is expected to drive the growth of this industry. Additionally, the rise of e-commerce and online shopping is expected to increase the demand for warehousing and storage services, which will benefit the Tools-Stored industry. However, the industry may face challenges such as rising competition and the need to adopt new technologies to remain competitive. Overall, the future outlook for the Tools-Stored industry in the USA is positive, with opportunities for growth and expansion.

Industry Innovations for NAICS Code 493110-05

Recent groundbreaking advancements and milestones in the Tools-Stored industry, reflecting notable innovations that have reshaped its landscape.

  • Automated Storage and Retrieval Systems: These systems use robots and other automated technologies to store and retrieve tools and equipment, increasing efficiency and reducing labor costs.
  • RFID Tracking: Radio-frequency identification (RFID) technology is used to track tools and equipment, improving inventory management and reducing the risk of loss or theft.
  • Cloud-Based Inventory Management: Cloud-based software is used to manage inventory, providing real-time data and analytics to improve decision-making and reduce waste.
  • Mobile Storage Units: These units are designed to be transported to different locations, providing convenient and flexible storage solutions for tools and equipment.
  • Sustainable Storage Solutions: Companies are increasingly adopting sustainable practices such as using renewable energy sources and reducing waste to minimize their environmental impact.

NAICS Code 493110-05 - Tools-Stored

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