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

• Electric drills
• Electric saws
• Electric sanders
• Electric grinders
• Electric planers
• Electric screwdrivers
• Electric impact wrenches
• Electric nail guns
• Electric jackhammers
• Electric concrete mixers
• Electric paint sprayers
• Electric pressure washers
• Electric pipe threaders
• Electric pipe cutters
• Electric pipe benders
• Electric wire crimpers
• Electric cable pullers
• Electric hoists
• Electric winches

Common products and services typical of NAICS Code 532490-14, illustrating the main business activities and contributions to the market.

• Construction equipment rental
• Industrial tool rental
• Electrical equipment rental
• Power tool rental
• Heavy equipment rental
• Equipment leasing
• Tool and equipment rental
• Machinery rental
• Equipment rental services
• Rental equipment companies

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

• Occupational Safety and Health Administration (OSHA) Certification: Electric tool rental companies must comply with OSHA regulations to ensure the safety of their employees and customers. OSHA provides certification for various safety standards, including electrical safety, fall protection, and hazard communication.
• National Equipment Register (NER) Certification: NER provides certification for equipment identification and theft prevention. This certification helps electric tool rental companies to protect their assets and reduce the risk of theft.
• Environmental Protection Agency (EPA) Certification: Electric tool rental companies must comply with EPA regulations for the disposal of hazardous waste, such as batteries and fluorescent bulbs. EPA provides certification for hazardous waste management and disposal.
• National Fire Protection Association (NFPA) Certification: NFPA provides certification for fire safety standards, including fire extinguisher inspection and maintenance. Electric tool rental companies must comply with NFPA regulations to ensure the safety of their employees and customers.
• American National Standards Institute (ANSI) Certification: ANSI provides certification for various safety standards, including electrical safety, fall protection, and hazard communication. Electric tool rental companies must comply with ANSI regulations to ensure the safety of their employees and customers.

A concise historical narrative of NAICS Code 532490-14 covering global milestones and recent developments within the United States.

• The "Tools-Electric-Renting" industry has a long history dating back to the early 20th century when electric tools were first introduced. The first electric drill was invented in 1895, and by the 1920s, electric tools were widely available. The industry grew rapidly in the post-World War II era as the construction industry boomed. In the 1960s, the industry saw the introduction of cordless tools, which further increased the demand for electric tools. In recent years, the industry has seen the introduction of smart tools that can be connected to mobile devices, allowing for remote monitoring and control. In the United States, the industry has seen steady growth in recent years, driven by the construction industry and the increasing popularity of DIY projects.

The anticipated future trajectory of the NAICS 532490-14 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 Tools-Electric-Renting industry in the USA is positive. The industry is expected to grow due to the increasing demand for construction and infrastructure development. The rise in the number of DIY projects and home renovations is also expected to contribute to the growth of the industry. The industry is also expected to benefit from the increasing adoption of electric tools due to their eco-friendliness and cost-effectiveness. The COVID-19 pandemic has also led to an increase in demand for rental tools as people are spending more time at home and taking on more DIY projects. Overall, the industry is expected to continue to grow in the coming years.

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

• Online Rental Platforms: Many companies in the Tools-Electric-Renting industry have developed online rental platforms that allow customers to rent tools online and have them delivered to their doorstep. This has made it easier for customers to rent tools and has increased the accessibility of the industry.
• Smart Tools: Some companies have started to develop smart tools that can be controlled through a smartphone app. These tools can provide real-time data on usage and maintenance, making it easier for customers to keep track of their tools and ensure they are being used correctly.
• Eco-Friendly Tools: Many companies are now offering eco-friendly tools that are powered by electricity instead of gas. These tools are more environmentally friendly and cost-effective, making them an attractive option for customers.
• Contactless Rental: Due to the COVID-19 pandemic, many companies have started to offer contactless rental options. This allows customers to rent tools without having to interact with anyone, reducing the risk of transmission.
• Increased Safety Features: Many companies are now offering tools with increased safety features, such as automatic shut-off switches and safety guards. This has made tools safer to use and has reduced the risk of accidents.