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NAICS Code 423710-08 Description (8-Digit)

Fasteners-Snap (Wholesale) is a subdivision of the Hardware Merchant Wholesalers industry that specializes in the distribution of snap fasteners. These fasteners are used to join two pieces of material together and can be easily opened and closed with a snapping action. The industry caters to a wide range of customers, including manufacturers, retailers, and distributors, who require snap fasteners for their products.

Hierarchy Navigation for NAICS Code 423710-08

Parent Code (less specific)

Tools

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

  • Snap fastener pliers
  • Snap fastener dies
  • Snap fastener setting tools
  • Snap fastener hand press
  • Snap fastener attaching machine
  • Snap fastener removal tool
  • Snap fastener kit
  • Snap fastener punch
  • Snap fastener setter
  • Snap fastener anvil

Industry Examples of Fasteners-Snap (Wholesale)

Common products and services typical of NAICS Code 423710-08, illustrating the main business activities and contributions to the market.

  • Clothing manufacturers
  • Upholstery suppliers
  • Leather goods manufacturers
  • Marine equipment suppliers
  • Automotive parts manufacturers
  • Luggage and handbag manufacturers
  • Sports equipment manufacturers
  • Shoe manufacturers
  • Tent and awning suppliers
  • Military and law enforcement equipment suppliers

Certifications, Compliance and Licenses for NAICS Code 423710-08 - Fasteners-Snap (Wholesale)

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

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • ANSI/BHMA: This certification is provided by the Builders Hardware Manufacturers Association (BHMA) and ensures that the products meet certain performance standards.
  • ASTM International: This organization provides a variety of standards for fasteners, including testing and performance standards.
  • UL Certification: This certification ensures that the products meet certain safety standards and is provided by Underwriters Laboratories (UL).
  • Rohs Compliance: This regulation restricts the use of certain hazardous materials in electrical and electronic products. Compliance is required for products sold in the European Union, but many US companies also comply.

History

A concise historical narrative of NAICS Code 423710-08 covering global milestones and recent developments within the United States.

  • The "Fasteners-Snap (Wholesale)" industry has a long history dating back to the early 19th century when the first snap fastener was invented by German inventor Heribert Bauer. The snap fastener was initially used in clothing and leather goods, but its use quickly expanded to other industries such as automotive, marine, and aerospace. In the United States, the industry experienced significant growth during World War II when the demand for fasteners increased due to the production of military equipment. Since then, the industry has continued to grow and evolve, with advancements in technology leading to the development of new and improved fasteners that are stronger, more durable, and easier to use. Recent history of the "Fasteners-Snap (Wholesale)" industry in the United States has been marked by a steady increase in demand for fasteners due to the growth of the construction, automotive, and aerospace industries. The industry has also been impacted by the COVID-19 pandemic, which has led to disruptions in the global supply chain and increased demand for certain types of fasteners such as those used in medical equipment. Despite these challenges, the industry has remained resilient and continues to innovate, with new materials and designs being developed to meet the changing needs of customers.

Future Outlook for Fasteners-Snap (Wholesale)

The anticipated future trajectory of the NAICS 423710-08 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 Fasteners-Snap (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for fasteners in various end-use industries such as automotive, construction, and aerospace. The growth of the construction industry, in particular, is expected to drive the demand for fasteners. Additionally, the increasing adoption of advanced materials such as composites and plastics in various industries is expected to create new opportunities for the industry. However, the industry may face challenges such as rising raw material costs and increasing competition from low-cost imports. Overall, the industry is expected to grow at a steady pace in the coming years.

Industry Innovations for NAICS Code 423710-08

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

  • Smart Fasteners: These are fasteners that can monitor and report their own performance and condition. They can be used in various industries such as aerospace, automotive, and construction to improve safety and reduce maintenance costs.
  • Biodegradable Fasteners: These are fasteners made from biodegradable materials such as PLA and PHA. They are eco-friendly and can be used in various applications such as packaging and agriculture.
  • 3D Printed Fasteners: 3D printing technology can be used to produce customized fasteners with complex geometries. This can reduce lead times and costs for fastener production.
  • Self-Healing Fasteners: These are fasteners that can repair themselves when damaged. They can be used in various industries such as aerospace and automotive to improve safety and reduce maintenance costs.
  • Fastener Coatings: Various coatings such as zinc, chrome, and nickel can be applied to fasteners to improve their corrosion resistance and durability. These coatings can be used in various industries such as construction and automotive.

NAICS Code 423710-08 - Fasteners-Snap (Wholesale)

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