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NAICS Code 423910-24 Description (8-Digit)

Hardware-Marine (Wholesale) is a subdivision of the NAICS Code 423910 that involves the wholesale distribution of hardware products specifically designed for marine applications. This industry is responsible for the distribution of a wide range of hardware products that are used in the construction, maintenance, and repair of boats, ships, and other marine vessels. The products distributed by this industry are designed to withstand the harsh marine environment and are made from materials that are resistant to corrosion and other forms of damage caused by exposure to saltwater.

Hierarchy Navigation for NAICS Code 423910-24

Tools

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

  • Marine-grade stainless steel screws
  • Marine-grade silicone sealant
  • Marine-grade epoxy
  • Marine-grade paint
  • Marine-grade electrical wire and connectors
  • Marine-grade fuel hose
  • Marine-grade steering systems
  • Marine-grade anchors and chains
  • Marine-grade navigation lights
  • Marine-grade bilge pumps

Industry Examples of Hardware-Marine (Wholesale)

Common products and services typical of NAICS Code 423910-24, illustrating the main business activities and contributions to the market.

  • Marine hardware distributors
  • Boat builders
  • Ship repair yards
  • Marine equipment manufacturers
  • Marine supply stores

Certifications, Compliance and Licenses for NAICS Code 423910-24 - Hardware-Marine (Wholesale)

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

  • National Marine Manufacturers Association (NMMA) Certification: This certification is required for manufacturers of boats and marine equipment to ensure that their products meet safety, quality, and environmental standards. The NMMA provides certification for various types of boats and marine equipment, including outboard motors, personal watercraft, and marine electronics.
  • United States Coast Guard (USCG) Certification: This certification is required for manufacturers of boats and marine equipment to ensure that their products meet safety standards set by the USCG. The USCG provides certification for various types of boats and marine equipment, including life jackets, fire extinguishers, and navigation lights.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that handle hazardous materials, such as fuel and chemicals, to ensure that they comply with OSHA regulations for workplace safety.
  • Environmental Protection Agency (EPA) Certification: This certification is required for businesses that manufacture or distribute marine engines to ensure that their products meet emissions standards set by the EPA.
  • International Maritime Organization (IMO) Certification: This certification is required for businesses that operate ships or other vessels in international waters to ensure that they comply with safety and environmental standards set by the IMO.

History

A concise historical narrative of NAICS Code 423910-24 covering global milestones and recent developments within the United States.

  • The "Hardware-Marine (Wholesale)" industry has a long history dating back to the early days of seafaring. The earliest known marine hardware was made of wood and included items such as pulleys, blocks, and cleats. As the industry evolved, metal replaced wood as the primary material for marine hardware. In the 19th century, the development of steam-powered ships led to the creation of new marine hardware such as engines, boilers, and propellers. In the United States, the industry experienced significant growth during World War II as the government invested heavily in shipbuilding. In recent years, the industry has continued to evolve with the development of new materials and technologies such as composite materials and computer-aided design. Recent history in the United States has been marked by a growing demand for recreational boating and fishing. According to the National Marine Manufacturers Association, the recreational boating industry in the United States has seen steady growth in recent years, with sales of new powerboats reaching their highest levels in over a decade in 2019. This growth has been driven by a strong economy, low unemployment, and favorable demographic trends such as an aging population with more disposable income. The COVID-19 pandemic has also had a significant impact on the industry, with many people turning to boating and fishing as a way to safely enjoy outdoor activities while maintaining social distancing.

Future Outlook for Hardware-Marine (Wholesale)

The anticipated future trajectory of the NAICS 423910-24 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Hardware-Marine (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for recreational boating activities and the rising popularity of water sports. The industry is also expected to benefit from the growth of the tourism industry, which is driving demand for marine equipment and supplies. Additionally, the increasing popularity of fishing and other water-based activities is expected to drive demand for marine equipment and supplies. The industry is also expected to benefit from the increasing use of technology in the marine industry, which is driving demand for advanced marine equipment and supplies. Overall, the Hardware-Marine (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423910-24

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

  • Advanced Marine Electronics: The development of advanced marine electronics has revolutionized the marine industry. Advanced marine electronics such as GPS systems, fish finders, and radar systems have made navigation and fishing easier and more efficient.
  • Eco-Friendly Marine Products: The increasing focus on sustainability has led to the development of eco-friendly marine products. These products are designed to minimize the environmental impact of boating and other water-based activities.
  • Lightweight Marine Materials: The development of lightweight marine materials such as carbon fiber and Kevlar has made boats and other marine equipment lighter and more fuel-efficient.
  • Electric Propulsion Systems: The development of electric propulsion systems has made boats more environmentally friendly and efficient. Electric propulsion systems are also quieter and require less maintenance than traditional gasoline engines.
  • Advanced Marine Safety Equipment: The development of advanced marine safety equipment such as life rafts, EPIRBs, and personal locator beacons has made boating safer and more secure.

NAICS Code 423910-24 - Hardware-Marine (Wholesale)

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