NAICS Code 423840-91 - Textile Machinery & Parts (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

24

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NAICS Code 423840-91 Description (8-Digit)

The Textile Machinery & Parts (Wholesale) industry involves the distribution of machinery and parts used in the production of textiles. This includes equipment such as looms, spinning machines, and knitting machines, as well as parts such as needles, bobbins, and belts. Companies in this industry typically sell to textile manufacturers, as well as to other wholesalers and retailers in the textile industry.

Hierarchy Navigation for NAICS Code 423840-91

Tools

Tools commonly used in the Textile Machinery & Parts (Wholesale) industry for day-to-day tasks and operations.

  • Looms
  • Spinning machines
  • Knitting machines
  • Needles
  • Bobbins
  • Belts
  • Combs
  • Carding machines
  • Warping machines
  • Weaving machines
  • Dyeing machines
  • Printing machines
  • Embroidery machines
  • Sewing machines
  • Cutting machines
  • Finishing machines
  • Inspection machines
  • Testing equipment
  • Lubrication equipment

Industry Examples of Textile Machinery & Parts (Wholesale)

Common products and services typical of NAICS Code 423840-91, illustrating the main business activities and contributions to the market.

  • Textile mills
  • Clothing manufacturers
  • Upholstery manufacturers
  • Carpet manufacturers
  • Bedding manufacturers
  • Towel manufacturers
  • Curtain manufacturers
  • Industrial fabric manufacturers
  • Canvas manufacturers
  • Sail manufacturers

Certifications, Compliance and Licenses for NAICS Code 423840-91 - Textile Machinery & Parts (Wholesale)

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

  • ISO 9001: Quality management system certification that ensures the company meets customer and regulatory requirements. It is provided by the International Organization for Standardization (ISO).
  • OSHA 10-Hour General Industry Training: A safety certification that provides workers with basic knowledge of common workplace hazards and how to avoid them. It is provided by the Occupational Safety and Health Administration (OSHA).
  • EPA Clean Air Act Compliance: A certification that ensures the company is following the regulations set forth by the Clean Air Act. It is provided by the Environmental Protection Agency (EPA).
  • ANSI/ISEA 107-2015: A certification that ensures high-visibility safety apparel meets the standards set forth by the American National Standards Institute (ANSI) and the International Safety Equipment Association (ISEA).
  • UL Listing: A certification that ensures the safety and quality of electrical products. It is provided by Underwriters Laboratories (UL).

History

A concise historical narrative of NAICS Code 423840-91 covering global milestones and recent developments within the United States.

  • The textile industry has been around for centuries, with the first recorded use of a mechanical loom dating back to ancient Greece. However, it wasn't until the Industrial Revolution in the 18th century that the textile industry began to see significant advancements in machinery. The first power loom was invented in 1784 by Edmund Cartwright, which revolutionized the industry by increasing production speed and efficiency. In the 19th century, the development of the cotton gin and the spinning jenny further propelled the industry forward. In the United States, the textile industry played a significant role in the country's economic growth during the 19th and early 20th centuries. However, the industry faced challenges in the latter half of the 20th century due to increased competition from overseas manufacturers and the rise of synthetic fibers. Recent history in the United States has seen a decline in the textile industry, with many manufacturers moving production overseas to take advantage of lower labor costs. However, the textile machinery and parts wholesale industry has remained relatively stable, with a focus on providing machinery and parts to manufacturers both domestically and internationally. The industry has seen advancements in technology, such as the development of computerized looms and automated cutting machines, which have increased efficiency and productivity. Despite challenges such as the COVID-19 pandemic and trade tensions with China, the industry has remained resilient and continues to provide essential equipment to textile manufacturers.

Future Outlook for Textile Machinery & Parts (Wholesale)

The anticipated future trajectory of the NAICS 423840-91 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The textile machinery and parts wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for textile products. The industry is expected to benefit from the growth of the textile manufacturing industry, which is driven by the increasing demand for textiles in the fashion, home furnishings, and industrial sectors. The industry is also expected to benefit from the increasing adoption of automation and digitalization in the textile manufacturing process, which is expected to increase the demand for textile machinery and parts. However, the industry may face challenges due to the increasing competition from low-cost imports and the increasing demand for sustainable and eco-friendly textiles, which may reduce the demand for traditional textile machinery and parts. Overall, the industry is expected to grow steadily in the coming years, driven by the increasing demand for textiles and the adoption of new technologies in the textile manufacturing process.

Industry Innovations for NAICS Code 423840-91

Recent groundbreaking advancements and milestones in the Textile Machinery & Parts (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Textile Machinery: Smart textile machinery is a recent innovation in the textile machinery and parts wholesale industry. Smart textile machinery is equipped with sensors and software that enable it to monitor and optimize the textile manufacturing process. This technology is expected to increase the efficiency and productivity of textile manufacturing and reduce the cost of production.
  • 3D Printing Of Textile Parts: 3D printing of textile parts is a recent innovation in the textile machinery and parts wholesale industry. This technology enables the production of complex textile parts with high precision and accuracy. This technology is expected to reduce the cost of production and increase the speed of production.
  • Automation Of Textile Machinery: Automation of textile machinery is a recent innovation in the textile machinery and parts wholesale industry. Automation enables the textile manufacturing process to be carried out with minimal human intervention, which increases the efficiency and productivity of the process. This technology is expected to reduce the cost of production and increase the speed of production.
  • Digitalization Of Textile Machinery: Digitalization of textile machinery is a recent innovation in the textile machinery and parts wholesale industry. Digitalization enables the textile manufacturing process to be monitored and controlled using software and sensors, which increases the efficiency and productivity of the process. This technology is expected to reduce the cost of production and increase the speed of production.
  • Sustainable Textile Machinery: Sustainable textile machinery is a recent innovation in the textile machinery and parts wholesale industry. Sustainable textile machinery is designed to reduce the environmental impact of textile manufacturing by reducing energy consumption and waste generation. This technology is expected to increase the demand for sustainable textiles and reduce the environmental impact of textile manufacturing.

NAICS Code 423840-91 - Textile Machinery & Parts (Wholesale)

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