NAICS Code 423220-23 - Home Furnishings (Wholesale) (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 423220-23 Description (8-Digit)

The Home Furnishings (Wholesale) (Manufacturing) industry involves the production and distribution of a wide range of home furnishing products. These products include items such as furniture, bedding, curtains, and decorative accessories. The industry is responsible for manufacturing and distributing these products to retailers and wholesalers who then sell them to consumers. The industry is highly competitive and requires companies to stay up-to-date with the latest trends and styles in order to remain competitive.

Hierarchy Navigation for NAICS Code 423220-23

Tools

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

  • Sewing machines
  • Cutting machines
  • Staple guns
  • Glue guns
  • Sanders
  • Drills
  • Screwdrivers
  • Hammers
  • Paint sprayers
  • Upholstery needles

Industry Examples of Home Furnishings (Wholesale) (Manufacturing)

Common products and services typical of NAICS Code 423220-23, illustrating the main business activities and contributions to the market.

  • Furniture
  • Bedding sets
  • Curtains and drapes
  • Decorative pillows
  • Rugs and carpets
  • Wall art
  • Lighting fixtures
  • Tableware
  • Bathroom accessories
  • Kitchen appliances

Certifications, Compliance and Licenses for NAICS Code 423220-23 - Home Furnishings (Wholesale) (Manufacturing)

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 the manufacturing of home furnishings 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 home furnishings are manufactured in an environmentally and socially responsible manner. The certification is provided by the Sustainable Furnishings Council.
  • Greenguard Certification: The Greenguard certification ensures that the home furnishings meet strict chemical emissions limits and contribute to healthier indoor air quality. The certification is provided by UL Environment.
  • Global Organic Textile Standard (GOTS) Certification: The GOTS certification ensures that the textiles used in home furnishings are made from organic fibers and meet strict environmental and social criteria. The certification is provided by the Global Organic Textile Standard.
  • OEKO-TEX Standard 100 Certification: The OEKO-TEX Standard 100 certification ensures that the textiles used in home furnishings are free from harmful substances and meet strict human-ecological requirements. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.

History

A concise historical narrative of NAICS Code 423220-23 covering global milestones and recent developments within the United States.

  • The Home Furnishings (Wholesale) (Manufacturing) industry has a long history dating back to ancient times when people used animal hides and furs to cover their floors and walls. The industry has evolved over time, with notable advancements such as the introduction of machine-made textiles in the 18th century and the development of synthetic materials in the 20th century. In the United States, the industry experienced significant growth in the post-World War II era, as the country experienced a housing boom and consumers had more disposable income to spend on home furnishings. In recent years, the industry has faced challenges due to the rise of e-commerce and changing consumer preferences, but it continues to adapt and innovate to meet the needs of the market.

Future Outlook for Home Furnishings (Wholesale) (Manufacturing)

The anticipated future trajectory of the NAICS 423220-23 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Home Furnishings (Wholesale) (Manufacturing) industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing demand for home furnishings, driven by the growing number of households and the rising disposable income of consumers. Additionally, the industry is expected to benefit from the growing trend of home renovation and remodeling, which is expected to increase the demand for home furnishings. However, the industry is also expected to face challenges such as increasing competition from online retailers and rising raw material costs. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 423220-23

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

  • Smart Home Furnishings: With the increasing popularity of smart homes, the industry has seen a rise in the demand for smart home furnishings. These furnishings are equipped with sensors and other technologies that allow them to interact with other smart devices in the home, providing users with greater convenience and control over their living spaces.
  • Sustainable Materials: The industry has seen a growing trend towards sustainable materials, with many manufacturers using eco-friendly materials such as bamboo, recycled plastic, and reclaimed wood. This trend is driven by the increasing consumer demand for environmentally friendly products.
  • Customization: Many manufacturers are now offering customizable home furnishings, allowing consumers to personalize their furniture and décor to their specific tastes and needs. This trend is driven by the growing desire for unique and personalized living spaces.
  • Augmented Reality: Some manufacturers are now using augmented reality technology to allow consumers to visualize how their furniture and décor will look in their homes before making a purchase. This technology is expected to increase consumer confidence in their purchases and reduce the number of returns.
  • Online Sales: The industry has seen a significant increase in online sales in recent years, with many consumers opting to purchase their home furnishings online. This trend is driven by the convenience and accessibility of online shopping, as well as the increasing number of online retailers offering a wide range of products at competitive prices.

NAICS Code 423220-23 - Home Furnishings (Wholesale) (Manufacturing)

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