NAICS Code 423440-01 - Bar Equipment-Home & Office (Wholesale)
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NAICS Code 423440-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423440-01
Parent Code (less specific)
Tools
Tools commonly used in the Bar Equipment-Home & Office (Wholesale) industry for day-to-day tasks and operations.
- Cocktail shakers
- Ice buckets
- Wine openers
- Bottle stoppers
- Glassware
- Bar spoons
- Jiggers
- Strainers
- Muddlers
- Wine racks
Industry Examples of Bar Equipment-Home & Office (Wholesale)
Common products and services typical of NAICS Code 423440-01, illustrating the main business activities and contributions to the market.
- Bar stools
- Wine glasses
- Cocktail glasses
- Ice cube trays
- Wine aerators
- Wine chillers
- Decanters
- Coasters
- Wine pourers
- Wine bottle holders
Certifications, Compliance and Licenses for NAICS Code 423440-01 - Bar Equipment-Home & Office (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- NSF International Certification: NSF International is an independent organization that provides certifications for products that meet public health and safety standards. The NSF certification is important for bar equipment as it ensures that the equipment is safe for use and meets the necessary standards.
- UL Certification: UL is a global safety certification company that provides safety certifications for products. UL certification is important for bar equipment as it ensures that the equipment is safe for use and meets the necessary standards.
- Servsafe Alcohol Certification: ServSafe Alcohol is a certification program that provides training for alcohol service. This certification is important for bar equipment as it ensures that the staff is trained in responsible alcohol service.
- TTB Permit: The Alcohol and Tobacco Tax and Trade Bureau (TTB) is a bureau of the United States Department of the Treasury that regulates and collects taxes on alcohol and tobacco products. A TTB permit is required for businesses that produce, import, wholesale, or sell alcohol.
- OSHA Compliance: The Occupational Safety and Health Administration (OSHA) is a federal agency that sets and enforces safety standards in the workplace. Compliance with OSHA standards is important for bar equipment as it ensures that the workplace is safe for employees.
History
A concise historical narrative of NAICS Code 423440-01 covering global milestones and recent developments within the United States.
- The "Bar Equipment-Home & Office (Wholesale)" industry has a long history dating back to ancient times when people used to drink fermented beverages. The first bar equipment was invented in the 19th century when the first cocktail shaker was patented. In the early 20th century, the prohibition era led to the rise of speakeasies, which increased the demand for bar equipment. The post-World War II era saw the rise of home bars, which further increased the demand for bar equipment. In recent years, the industry has seen notable advancements in technology, such as the development of smart bar equipment that can track inventory and sales. In the United States, the industry has seen a surge in demand due to the rise of craft cocktails and the increasing popularity of home bars during the COVID-19 pandemic.
Future Outlook for Bar Equipment-Home & Office (Wholesale)
The anticipated future trajectory of the NAICS 423440-01 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 Bar Equipment-Home & Office (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for home bars and the rising popularity of cocktail culture. The industry is also expected to benefit from the growth of the hospitality industry, which is driving demand for bar equipment. Additionally, the industry is expected to benefit from the increasing trend of people working from home, which is driving demand for home office bars. The industry is also expected to benefit from the increasing trend of people entertaining at home, which is driving demand for home bar equipment. Overall, the industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 423440-01
Recent groundbreaking advancements and milestones in the Bar Equipment-Home & Office (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Barware: Smart barware is a recent innovation in the Bar Equipment-Home & Office (Wholesale) industry. These devices are designed to help people make perfect cocktails every time. They use sensors and algorithms to measure the ingredients and provide real-time feedback on the drink's quality. Smart barware is expected to become more popular in the coming years as people become more interested in making cocktails at home.
- Sustainable Barware: Sustainable barware is another recent innovation in the Bar Equipment-Home & Office (Wholesale) industry. These products are made from eco-friendly materials and are designed to reduce waste. Sustainable barware is expected to become more popular in the coming years as people become more environmentally conscious.
- Modular Bar Systems: Modular bar systems are a recent innovation in the Bar Equipment-Home & Office (Wholesale) industry. These systems are designed to be flexible and customizable, allowing people to create a bar that fits their specific needs. Modular bar systems are expected to become more popular in the coming years as people look for ways to create unique and personalized home bars.
- Portable Bar Equipment: Portable bar equipment is a recent innovation in the Bar Equipment-Home & Office (Wholesale) industry. These products are designed to be lightweight and easy to transport, making them ideal for outdoor events and parties. Portable bar equipment is expected to become more popular in the coming years as people look for ways to entertain outside of their homes.
- Customized Barware: Customized barware is a recent innovation in the Bar Equipment-Home & Office (Wholesale) industry. These products are designed to be personalized with logos, names, or other designs. Customized barware is expected to become more popular in the coming years as people look for ways to create unique and memorable experiences for their guests.
NAICS Code 423440-01 - Bar Equipment-Home & Office (Wholesale)
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