NAICS Code 423440-29 - Racks (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423440-29
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NAICS Code 423440-29 Description (8-Digit)

The Racks (Wholesale) industry involves the wholesale distribution of racks used for storage and display purposes. These racks can be made of various materials such as metal, wood, plastic, or glass and can be used in a variety of settings such as retail stores, warehouses, and homes. The industry includes a range of different types of racks such as shelving units, display racks, storage racks, and pallet racks.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423440 page

Tools

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

  • Pallet jacks
  • Hand trucks
  • Forklifts
  • Tape measures
  • Power drills
  • Screwdrivers
  • Hammers
  • Levels
  • Bolt cutters
  • Wire cutters

Industry Examples of Racks (Wholesale)

Common products and services typical of NAICS Code 423440-29, illustrating the main business activities and contributions to the market.

  • Retail display racks
  • Warehouse storage racks
  • Wine racks
  • Bookshelves
  • Shoe racks
  • Garment racks
  • Bike racks
  • Magazine racks
  • Spice racks
  • Pantry organizers

History

A concise historical narrative of NAICS Code 423440-29 covering global milestones and recent developments within the United States.

  • The history of the Racks (Wholesale) industry dates back to the early 20th century when the need for efficient storage solutions arose in various industries. The first racks were made of wood and were used in the automotive industry to store car parts. In the 1950s, the use of steel became popular, and the industry started to grow rapidly. The development of new technologies and materials in the 1970s and 1980s led to the creation of more advanced and versatile rack systems. In recent years, the industry has seen a shift towards more sustainable and eco-friendly materials, such as recycled steel and plastic. In the United States, the Racks (Wholesale) industry has experienced steady growth over the past few decades. The rise of e-commerce and the need for efficient warehousing and storage solutions have contributed to the industry's success. The industry has also benefited from advancements in technology, such as the use of automation and robotics in warehouses. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which has disrupted supply chains and caused a surge in demand for certain types of racks, such as those used for medical supplies and equipment.