NAICS Code 423910-52 - Water Skiing Equipment & Supplies (Wholesale)
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NAICS Code 423910-52 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423910-52
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Tools
Tools commonly used in the Water Skiing Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.
- Water skis
- Bindings
- Ropes
- Handles
- Vests
- Wetsuits
- Gloves
- Helmets
- Goggles
- Wakeboards
- Kneeboards
- Towable tubes
- Life jackets
- Buoyancy aids
- Ski ropes
- Ski handles
- Ski bags
- Ski boots
- Ski gloves
- Ski vests
Industry Examples of Water Skiing Equipment & Supplies (Wholesale)
Common products and services typical of NAICS Code 423910-52, illustrating the main business activities and contributions to the market.
- Water skis
- Ski ropes
- Life jackets
- Wakeboards
- Wetsuits
- Buoyancy aids
- Ski handles
- Ski gloves
- Ski vests
- Kneeboards
Certifications, Compliance and Licenses for NAICS Code 423910-52 - Water Skiing Equipment & Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- National Safe Boating Council (NSBC) Boating Safety Certificate: This certificate is required for anyone operating a motorized vessel on US waters. The NSBC provides the course and exam to obtain the certificate.
- American Canoe Association (ACA) Swiftwater Rescue Certification: This certification is for individuals who work in or around moving water and need to be able to perform rescues. The ACA provides the certification course and exam.
- National Association Of Underwater Instructors (NAUI) Scuba Diving Certification: This certification is required for individuals who want to scuba dive. NAUI provides the course and exam to obtain the certification.
- American Water Ski Association (AWSA) Safety Certification: This certification is for individuals who want to become a water ski instructor or coach. The AWSA provides the course and exam to obtain the certification.
- National Association Of State Boating Law Administrators (NASBLA) Boating Education Certificate: This certificate is required for anyone operating a motorized vessel on US waters. NASBLA provides the course and exam to obtain the certificate.
History
A concise historical narrative of NAICS Code 423910-52 covering global milestones and recent developments within the United States.
- The history of the Water Skiing Equipment & Supplies (Wholesale) industry dates back to the early 1920s when Ralph Samuelson, an American from Minnesota, invented water skiing. The sport gained popularity in the 1950s and 1960s, leading to the establishment of the first water skiing equipment manufacturers and wholesalers. In the 1970s, the industry experienced a significant boost due to the introduction of fiberglass skis, which were lighter and more durable than their wooden counterparts. In recent years, the industry has seen advancements in technology, such as the development of carbon fiber skis, which are stronger and more flexible than traditional skis. The industry has also seen an increase in demand for eco-friendly products, such as biodegradable ropes and skis made from sustainable materials. In the United States, the Water Skiing Equipment & Supplies (Wholesale) industry has seen steady growth in recent years. According to Statista, the industry generated approximately $1.2 billion in revenue in 2020, up from $1.1 billion in 2015. The growth can be attributed to several factors, including an increase in the number of water skiing enthusiasts, the popularity of water sports, and the rise of e-commerce, which has made it easier for wholesalers to reach a wider audience. The industry has also seen an increase in demand for high-quality, durable products, which has led to the development of new materials and technologies. Overall, the Water Skiing Equipment & Supplies (Wholesale) industry has a bright future in the United States, with continued growth expected in the coming years.
Future Outlook for Water Skiing Equipment & Supplies (Wholesale)
The anticipated future trajectory of the NAICS 423910-52 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The water skiing equipment and supplies wholesale industry in the USA is expected to experience steady growth in the coming years. The increasing popularity of water sports and outdoor activities, coupled with rising disposable incomes, is expected to drive demand for water skiing equipment and supplies. Additionally, the growing trend of water skiing as a recreational activity is expected to boost sales of water skiing equipment and supplies. However, the industry may face challenges due to the increasing availability of counterfeit products and the high cost of raw materials. To remain competitive, companies in the industry may need to focus on product innovation, quality control, and cost management.
Industry Innovations for NAICS Code 423910-52
Recent groundbreaking advancements and milestones in the Water Skiing Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Advanced Water Skis: Water skiing equipment manufacturers are developing advanced water skis that are more durable, lightweight, and responsive. These skis are designed to provide better control and stability, making them ideal for both beginners and experienced skiers.
- Eco-Friendly Products: With increasing awareness about environmental issues, many water skiing equipment manufacturers are focusing on developing eco-friendly products. These products are made from sustainable materials and are designed to minimize the impact on the environment.
- Smart Wearables: Water skiing equipment manufacturers are developing smart wearables that can track skiers' performance and provide real-time feedback. These wearables can help skiers improve their technique and prevent injuries.
- Online Sales Platforms: Many water skiing equipment and supplies wholesalers are now selling their products online. This has made it easier for customers to purchase water skiing equipment and supplies from the comfort of their homes.
- Customized Products: To cater to the specific needs of customers, many water skiing equipment manufacturers are offering customized products. These products are designed to meet the unique requirements of individual skiers and can provide a more personalized experience.
NAICS Code 423910-52 - Water Skiing Equipment & Supplies (Wholesale)
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