NAICS Code 423220-20 - Furniture Accessories & Decor (Wholesale)
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NAICS Code 423220-20 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423220-20
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Tools
Tools commonly used in the Furniture Accessories & Decor (Wholesale) industry for day-to-day tasks and operations.
- Furniture pads
- Tape measures
- Staple guns
- Utility knives
- Glue guns
- Screwdrivers
- Hammers
- Pliers
- Clamps
- Sandpaper
Industry Examples of Furniture Accessories & Decor (Wholesale)
Common products and services typical of NAICS Code 423220-20, illustrating the main business activities and contributions to the market.
- Decorative pillows
- Area rugs
- Wall art
- Table lamps
- Floor lamps
- Candle holders
- Vases
- Mirrors
- Clocks
- Picture frames
Certifications, Compliance and Licenses for NAICS Code 423220-20 - Furniture Accessories & Decor (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Forest Stewardship Council (FSC) Certification: This certification ensures that the wood used in the furniture is sourced from responsibly managed forests. The FSC is an international organization that sets standards for responsible forest management.
- Sustainable Furnishings Council (SFC) Certification: This certification ensures that the furniture is made with sustainable materials and practices. The SFC is a non-profit organization that promotes sustainable practices in the furniture industry.
- Greenguard Certification: This certification ensures that the furniture meets strict chemical emissions limits, which helps to improve indoor air quality. The Greenguard Certification is provided by UL Environment, a global safety certification company.
- California Air Resources Board (CARB) Certification: This certification ensures that the furniture meets strict formaldehyde emissions limits, which helps to improve indoor air quality. The CARB is a regulatory agency that sets standards for air quality in California.
- Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the furniture manufacturing process meets strict safety standards. OSHA is a federal agency that sets safety standards for workplaces in the US.
History
A concise historical narrative of NAICS Code 423220-20 covering global milestones and recent developments within the United States.
- The Furniture Accessories & Decor (Wholesale) industry has a long history dating back to ancient times when furniture and decor were used to signify wealth and status. In the 18th century, the Industrial Revolution brought mass production of furniture and decor, making it more accessible to the general public. In the 20th century, the industry saw significant growth due to the rise of suburban living and the demand for home furnishings. In recent years, the industry has been impacted by the growth of e-commerce and the shift towards sustainable and eco-friendly products. In the United States, the industry has seen a rise in demand for high-end and luxury furniture and decor, as well as a focus on customization and personalization.
Future Outlook for Furniture Accessories & Decor (Wholesale)
The anticipated future trajectory of the NAICS 423220-20 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Furniture Accessories & Decor (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for home decor and furniture accessories. The rise in disposable income and the growing trend of home renovation and remodeling are also expected to contribute to the growth of the industry. Additionally, the increasing popularity of online shopping and the ease of access to a wide range of products are expected to drive the growth of the industry. However, the industry may face challenges due to the increasing competition from online retailers and the rising cost of raw materials. Overall, the Furniture Accessories & Decor (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 423220-20
Recent groundbreaking advancements and milestones in the Furniture Accessories & Decor (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Home Decor: With the increasing popularity of smart homes, furniture accessories and decor are also becoming smarter. Innovations such as smart lighting, smart curtains, and smart furniture are gaining popularity in the market.
- Sustainable Products: The demand for eco-friendly and sustainable products is increasing in the furniture accessories and decor industry. Many companies are now offering products made from recycled materials or sustainable materials such as bamboo and cork.
- Customization: Many companies are now offering customization options for furniture accessories and decor. Customers can now personalize their products according to their preferences and needs.
- Augmented Reality: The use of augmented reality in the furniture accessories and decor industry is gaining popularity. Customers can now visualize how a product will look in their home before making a purchase.
- Online Marketplaces: The rise of online marketplaces such as Amazon and Wayfair has revolutionized the furniture accessories and decor industry. Customers now have access to a wide range of products from different brands and can easily compare prices and features.
NAICS Code 423220-20 - Furniture Accessories & Decor (Wholesale)
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