NAICS Code 332999-18 - Magnet (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS CODE 332999-18
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NAICS Code 332999-18 Description (8-Digit)

Magnet manufacturing is a specialized industry that involves the production of magnets for various applications. Magnets are used in a wide range of industries, including electronics, automotive, aerospace, medical, and energy. The manufacturing process involves the creation of magnetic materials, such as neodymium, ferrite, and samarium cobalt, and the shaping of these materials into magnets of various shapes and sizes. Magnet manufacturers must have a deep understanding of the properties of magnetic materials and the ability to create magnets with specific magnetic properties to meet the needs of their customers.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 332999 page

Tools

Tools commonly used in the Magnet (Manufacturing) industry for day-to-day tasks and operations.

  • Magnetizing equipment
  • Magnetic particle inspection equipment
  • Magnetic field measurement equipment
  • Magnetic separation equipment
  • Magnetic stirrers
  • Magnetic chucks
  • Magnetic lifters
  • Magnetic sweepers
  • Magnetic separators
  • Magnetic clamps

Industry Examples of Magnet (Manufacturing)

Common products and services typical of NAICS Code 332999-18, illustrating the main business activities and contributions to the market.

  • Magnetic resonance imaging (MRI) machines
  • Electric motors
  • Loudspeakers
  • Magnetic locks
  • Magnetic sensors
  • Magnetic bearings
  • Magnetic couplings
  • Magnetic levitation trains
  • Magnetic therapy devices
  • Magnetic stripe cards

History

A concise historical narrative of NAICS Code 332999-18 covering global milestones and recent developments within the United States.

  • The history of magnet manufacturing dates back to ancient times when people discovered that certain rocks, called lodestones, had the ability to attract iron. The first recorded use of magnets was in China during the Han Dynasty (202 BC - 220 AD) when they were used for divination purposes. In the 18th century, scientists began to study the properties of magnets and discovered that they could be used for a variety of applications, including navigation, electricity generation, and data storage. In the United States, the magnet manufacturing industry began to develop in the early 20th century, with the production of magnets for use in telephones, radios, and other electronic devices. During World War II, the demand for magnets increased dramatically, leading to the development of new manufacturing techniques and the production of more powerful magnets. Today, magnets are used in a wide range of applications, including motors, generators, medical equipment, and consumer electronics.