NAICS Code 423210-27 - Furniture Buyers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423210-27 Description (8-Digit)

Furniture Buyers (Wholesale) are professionals who purchase furniture in bulk from manufacturers and sell it to retailers or other businesses. They are responsible for selecting the best quality furniture at the most competitive prices to ensure that their clients receive the best value for their money. Furniture Buyers (Wholesale) must have a keen eye for design and be knowledgeable about the latest trends in the furniture industry. They must also have excellent negotiation skills to secure the best deals with manufacturers.

Hierarchy Navigation for NAICS Code 423210-27

Parent Code (less specific)

Tools

Tools commonly used in the Furniture Buyers (Wholesale) industry for day-to-day tasks and operations.

  • Furniture catalogs
  • Price comparison tools
  • Quality control checklists
  • Inventory management software
  • Customer relationship management (CRM) software
  • Financial analysis tools
  • Market research reports
  • Supplier databases
  • Shipping and logistics software
  • Contract management software

Industry Examples of Furniture Buyers (Wholesale)

Common products and services typical of NAICS Code 423210-27, illustrating the main business activities and contributions to the market.

  • Bedroom furniture sets
  • Dining room tables and chairs
  • Sofas and loveseats
  • Recliners and accent chairs
  • Home office furniture
  • Outdoor furniture
  • Children's furniture
  • Entertainment centers
  • Mattresses and bedding
  • Decorative accessories

Certifications, Compliance and Licenses for NAICS Code 423210-27 - Furniture Buyers (Wholesale)

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

  • Forest Stewardship Council (FSC) Certification: The FSC certification ensures that the wood used in furniture is sourced from responsibly managed forests. The certification is provided by the Forest Stewardship Council.
  • Sustainable Furnishings Council (SFC) Certification: The SFC certification ensures that the furniture is made with sustainable materials and practices. The certification is provided by the Sustainable Furnishings Council.
  • Greenguard Certification: The Greenguard certification ensures that the furniture meets strict chemical emissions limits and contributes to healthier indoor air quality. The certification is provided by UL Environment.
  • Business and Institutional Furniture Manufacturers Association (BIFMA) Certification: The BIFMA certification ensures that the furniture meets safety, durability, and sustainability standards. The certification is provided by the Business and Institutional Furniture Manufacturers Association.
  • International Organization for Standardization (ISO) 9001 Certification: The ISO 9001 certification ensures that the furniture is made with consistent quality and meets customer and regulatory requirements. The certification is provided by the International Organization for Standardization.

History

A concise historical narrative of NAICS Code 423210-27 covering global milestones and recent developments within the United States.

  • The furniture industry has been around for centuries, with the earliest known furniture dating back to ancient Egypt. The industry has gone through many changes over the years, with notable advancements including the introduction of mass production techniques in the 19th century and the rise of modernist design in the early 20th century. In recent history, the furniture industry has been impacted by globalization, with many companies outsourcing production to countries with lower labor costs. In the United States, the industry has also been impacted by the rise of e-commerce, with many consumers opting to purchase furniture online rather than in physical stores. Despite these challenges, the furniture industry remains a significant contributor to the global economy, with a wide range of products available to consumers around the world.

Future Outlook for Furniture Buyers (Wholesale)

The anticipated future trajectory of the NAICS 423210-27 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Furniture Buyers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for furniture from various sectors such as hospitality, healthcare, and education. The rise in disposable income and the growing trend of home renovation and interior designing are also expected to contribute to the growth of the industry. Additionally, the increasing popularity of e-commerce platforms is expected to boost the industry's growth as it provides a convenient way for customers to purchase furniture in bulk. However, the industry may face challenges such as rising competition and the impact of the COVID-19 pandemic on the supply chain and demand for furniture.

Industry Innovations for NAICS Code 423210-27

Recent groundbreaking advancements and milestones in the Furniture Buyers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Reality Showrooms: Some furniture buyers (wholesale) have started using virtual reality showrooms to showcase their products to customers. This technology allows customers to view and experience furniture in a virtual environment, which can help them make informed decisions before making a purchase.
  • Sustainable Furniture: Many furniture buyers (wholesale) are now focusing on sustainable furniture made from eco-friendly materials. This trend is driven by the increasing demand for environmentally friendly products from customers and the need to reduce the industry's carbon footprint.
  • Smart Furniture: Smart furniture that can be controlled using smartphones or voice commands is gaining popularity among customers. This technology allows customers to adjust the furniture's settings such as lighting, temperature, and sound, making it more convenient and user-friendly.
  • Collaborations with Interior Designers: Some furniture buyers (wholesale) are collaborating with interior designers to create customized furniture for customers. This trend is driven by the increasing demand for unique and personalized furniture from customers.
  • 3D Printing: Some furniture buyers (wholesale) are using 3D printing technology to create furniture prototypes and designs. This technology allows them to create complex designs quickly and cost-effectively, reducing the time and cost involved in traditional manufacturing methods.

NAICS Code 423210-27 - Furniture Buyers (Wholesale)

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