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NAICS Code 423910-55 Description (8-Digit)

The Bicycles (Wholesale) industry involves the distribution of bicycles and related accessories to retailers and other businesses. This industry includes the wholesale of bicycles for various purposes such as road cycling, mountain biking, and BMX. The industry also includes the wholesale of bicycle parts and accessories such as tires, pedals, and helmets.

Hierarchy Navigation for NAICS Code 423910-55

Tools

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

  • Bicycle pumps
  • Chain tools
  • Spoke wrenches
  • Tire levers
  • Bottom bracket tools
  • Cable cutters
  • Cassette lockring tools
  • Chain whips
  • Hex wrenches
  • Pedal wrenches
  • Torque wrenches
  • Wheel truing stands
  • Work stands
  • Grease guns
  • Headset presses
  • Hydraulic brake bleed kits
  • Derailleur hangers
  • Chain lubricants
  • Brake pads
  • Inner tubes

Industry Examples of Bicycles (Wholesale)

Common products and services typical of NAICS Code 423910-55, illustrating the main business activities and contributions to the market.

  • Road bicycles
  • Mountain bicycles
  • BMX bicycles
  • Bicycle helmets
  • Bicycle tires
  • Bicycle pedals
  • Bicycle chains
  • Bicycle saddles
  • Bicycle frames
  • Bicycle handlebars
  • Bicycle brakes
  • Bicycle lights
  • Bicycle locks
  • Bicycle pumps
  • Bicycle racks
  • Bicycle trailers
  • Bicycle water bottles
  • Bicycle gloves
  • Bicycle shoes
  • Bicycle jerseys

Certifications, Compliance and Licenses for NAICS Code 423910-55 - Bicycles (Wholesale)

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

  • Bicycle Mechanics Certification: This certification is offered by the Bicycle Mechanic Certification Institute (BMCI) and is designed to ensure that bicycle mechanics have the necessary skills and knowledge to perform repairs and maintenance on bicycles. The certification covers topics such as wheel building, brake systems, and drivetrain systems.
  • National Bicycle Dealers Association (NBDA) Certification: The NBDA offers a certification program for bicycle dealers that covers topics such as sales, customer service, and business management. The certification is designed to help bicycle dealers improve their business practices and provide better service to their customers.
  • Occupational Safety and Health Administration (OSHA) Certification: OSHA offers a variety of certifications related to workplace safety, including certifications for forklift operators, hazardous materials handlers, and construction workers. These certifications may be relevant to the bicycle wholesale industry depending on the specific operations of the business.
  • International Organization for Standardization (ISO) Certification: The ISO offers a variety of certifications related to quality management, environmental management, and other business practices. These certifications may be relevant to the bicycle wholesale industry depending on the specific operations of the business.
  • Consumer Product Safety Commission (CPSC) Certification: The CPSC is a government agency that regulates the safety of consumer products, including bicycles. Bicycle wholesalers may need to ensure that their products meet CPSC safety standards in order to sell them in the US market.

History

A concise historical narrative of NAICS Code 423910-55 covering global milestones and recent developments within the United States.

  • The history of the Bicycles (Wholesale) industry dates back to the early 1800s when the first bicycle was invented in Germany. The first bicycles were made of wood and had no pedals, and it wasn't until the 1860s that the first pedal-driven bicycle was invented. The industry grew rapidly in the late 1800s and early 1900s, with the introduction of the safety bicycle, which had two wheels of the same size and a chain drive. The industry continued to grow throughout the 20th century, with the introduction of new materials and technologies, such as aluminum frames and carbon fiber components. In recent years, the industry has seen a surge in popularity due to the growing interest in cycling as a form of exercise and transportation. In the United States, the Bicycles (Wholesale) industry has a long and storied history. The first bicycles were imported from Europe in the 1860s, and by the turn of the century, the United States was the largest producer of bicycles in the world. The industry continued to grow throughout the 20th century, with the introduction of new technologies and materials, such as lightweight aluminum frames and carbon fiber components. In recent years, the industry has seen a resurgence in popularity, with more and more Americans turning to cycling as a form of exercise and transportation. The industry has also been impacted by the COVID-19 pandemic, with many people turning to cycling as a way to stay active while social distancing.

Future Outlook for Bicycles (Wholesale)

The anticipated future trajectory of the NAICS 423910-55 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 Bicycles (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of cycling as a form of exercise and transportation. The COVID-19 pandemic has also contributed to the growth of the industry as more people are looking for outdoor activities to do while social distancing. Additionally, the rise of e-bikes has opened up new opportunities for the industry as they become more popular among consumers. However, the industry may face challenges such as supply chain disruptions and increased competition from online retailers. Overall, the Bicycles (Wholesale) industry is expected to continue growing in the USA in the coming years.

Industry Innovations for NAICS Code 423910-55

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

  • Electric Bikes: Electric bikes, also known as e-bikes, have become increasingly popular in recent years. They provide an alternative to traditional bikes and are especially useful for commuting or for people who want to ride longer distances without getting tired.
  • Bike-Sharing Programs: Bike-sharing programs have become more common in cities across the USA. These programs allow people to rent bikes for short periods of time, making it easier for people to use bikes for transportation without having to own one.
  • Smart Bikes: Smart bikes are bikes that are equipped with technology such as GPS, sensors, and Bluetooth. They can track things like distance, speed, and calories burned, and can also connect to other devices like smartphones and fitness trackers.
  • Carbon Fiber Frames: Carbon fiber frames are becoming more common in high-end bikes. They are lighter and stronger than traditional steel frames, making them ideal for racing and other high-performance activities.
  • Folding Bikes: Folding bikes are bikes that can be folded up for easy storage and transportation. They are especially useful for people who live in small apartments or who need to take their bike on public transportation.

NAICS Code 423910-55 - Bicycles (Wholesale)

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