NAICS Code 334519-38 - Watch Straps & Bands (Manufacturing)
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NAICS Code 334519-38 Description (8-Digit)
Hierarchy Navigation for NAICS Code 334519-38
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Tools
Tools commonly used in the Watch Straps & Bands (Manufacturing) industry for day-to-day tasks and operations.
- Leather cutting machine
- Metal cutting saw
- Rubber molding press
- Nylon weaving machine
- Strap hole puncher
- Strap edge beveler
- Strap stitching machine
- Buckle attaching machine
- Strap embossing machine
- Strap dyeing machine
Industry Examples of Watch Straps & Bands (Manufacturing)
Common products and services typical of NAICS Code 334519-38, illustrating the main business activities and contributions to the market.
- Leather watch straps
- Metal watch bands
- Rubber watch straps
- Nylon watch bands
- Sport watch bands
- Fashion watch straps
- Military watch bands
- Smartwatch bands
- Interchangeable watch straps
- Custom watch bands
Certifications, Compliance and Licenses for NAICS Code 334519-38 - Watch Straps & Bands (Manufacturing)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- ISO 9001: Quality Management System certification that ensures the company meets customer and regulatory requirements. Provided by the International Organization for Standardization (ISO).
- ISO 14001: Environmental Management System certification that ensures the company meets environmental regulations and reduces its environmental impact. Provided by the International Organization for Standardization (ISO).
- OSHA 1910.132: Personal Protective Equipment (PPE) certification that ensures the company provides and maintains necessary PPE for employees. Provided by the Occupational Safety and Health Administration (OSHA).
- OSHA 1910.147: Lockout/Tagout certification that ensures the company has procedures in place to prevent accidental startup of machinery during maintenance or repair. Provided by the Occupational Safety and Health Administration (OSHA).
- FDA 21 CFR Part 820: Quality System Regulation certification that ensures the company meets FDA requirements for medical device manufacturing. Provided by the Food and Drug Administration (FDA).
History
A concise historical narrative of NAICS Code 334519-38 covering global milestones and recent developments within the United States.
- The history of the Watch Straps & Bands (Manufacturing) industry dates back to the early 20th century when wristwatches became popular. The first wristwatch was invented in 1868, but it was not until the early 1900s that they became widely used. The first watch straps were made of leather, and it was not until the 1970s that metal and plastic straps became popular. In recent years, the industry has seen a shift towards smartwatch bands, which are made of materials such as silicone, nylon, and leather. In the United States, the industry has seen a steady growth in recent years due to the increasing popularity of smartwatches and fitness trackers. In 2019, the global smartwatch market was valued at $20.6 billion, and it is expected to grow at a CAGR of 16.2% from 2020 to 2027. The United States is one of the largest markets for smartwatches, and the demand for smartwatch bands is expected to increase in the coming years.
Future Outlook for Watch Straps & Bands (Manufacturing)
The anticipated future trajectory of the NAICS 334519-38 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Watch Straps & Bands (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for smartwatches and other wearable devices. The rise in e-commerce platforms has also made it easier for consumers to purchase watch straps and bands online, which has increased the demand for these products. Additionally, the industry is expected to benefit from the increasing popularity of customization options for watch straps and bands. This trend is expected to continue in the future, as consumers seek to personalize their watches and make them unique. Overall, the industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 334519-38
Recent groundbreaking advancements and milestones in the Watch Straps & Bands (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.
- Smartwatch Bands with Built-In Fitness Trackers: These watch bands have sensors that can track the wearer's heart rate, steps taken, and other fitness-related data. They can sync with a smartphone app to provide the user with detailed information about their fitness levels and progress.
- Customizable Watch Bands: Many companies now offer watch bands that can be customized with different colors, patterns, and materials. This allows consumers to create a unique look for their watch and express their personal style.
- Sustainable Watch Bands: Some companies are now producing watch bands made from sustainable materials such as recycled plastic or organic cotton. This is in response to the growing demand for eco-friendly products.
- Magnetic Watch Bands: These watch bands use magnets to attach to the watch face, rather than traditional clasps. They are easy to put on and take off, and can be adjusted to fit any wrist size.
- Leather-Free Watch Bands: As more consumers become aware of the ethical concerns surrounding leather production, some companies are now producing watch bands made from alternative materials such as vegan leather or silicone.
NAICS Code 334519-38 - Watch Straps & Bands (Manufacturing)
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