NAICS Code 423910-57 - Bicycles-Parts & Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

19

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NAICS Code 423910-57 Description (8-Digit)

Bicycles-Parts & Supplies (Wholesale) is a subdivision of the NAICS Code 423910 that involves the wholesale distribution of bicycles, bicycle parts, and related supplies. This industry is responsible for the distribution of bicycles and their components to retailers, who then sell them to consumers. The industry is highly competitive, with a range of manufacturers and distributors competing for market share. The industry is driven by consumer demand for bicycles and related products, which is influenced by factors such as health and fitness trends, environmental concerns, and transportation needs.

Hierarchy Navigation for NAICS Code 423910-57

Tools

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

  • Bicycle pumps
  • Chain tools
  • Tire levers
  • Spoke wrenches
  • Bottom bracket tools
  • Cassette lockring tools
  • Pedal wrenches
  • Cable cutters
  • Torque wrenches
  • Headset wrenches
  • Chain whips
  • Hex keys
  • Cone wrenches
  • Freewheel removers
  • Crank pullers
  • Grease guns
  • Brake bleed kits
  • Wheel truing stands
  • Derailleur hangers

Industry Examples of Bicycles-Parts & Supplies (Wholesale)

Common products and services typical of NAICS Code 423910-57, illustrating the main business activities and contributions to the market.

  • Bicycle chains
  • Handlebar grips
  • Brake pads
  • Bicycle frames
  • Pedals
  • Tires and tubes
  • Saddles and seats
  • Derailleurs
  • Brake levers
  • Shifters
  • Headsets
  • Wheelsets
  • Cranksets
  • Brake cables
  • Chainrings
  • Brake calipers
  • Forks
  • Bottom brackets
  • Hubs
  • Spokes

Certifications, Compliance and Licenses for NAICS Code 423910-57 - Bicycles-Parts & Supplies (Wholesale)

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

  • Bicycle Friendly Business: This certification is provided by the League of American Bicyclists and recognizes businesses that are committed to promoting cycling and creating a welcoming environment for cyclists. To be certified, businesses must meet certain criteria such as providing secure bike parking, offering incentives for employees who bike to work, and promoting cycling in the community.
  • National Bicycle Dealers Association Certification: This certification is provided by the National Bicycle Dealers Association and recognizes businesses that meet certain standards for customer service, professionalism, and expertise in the bicycle industry. To be certified, businesses must pass an evaluation process that includes a review of their business practices, customer service, and knowledge of the industry.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is provided by the Occupational Safety and Health Administration and is required for businesses that engage in the wholesale distribution of bicycles and related parts and supplies. The certification ensures that businesses are in compliance with OSHA regulations related to workplace safety and health.
  • Environmental Protection Agency (EPA) Certification: This certification is required for businesses that engage in the wholesale distribution of bicycles and related parts and supplies and are subject to EPA regulations related to the handling and disposal of hazardous materials. The certification ensures that businesses are in compliance with EPA regulations and are taking steps to protect the environment.
  • Consumer Product Safety Commission (CPSC) Certification: This certification is required for businesses that engage in the wholesale distribution of bicycles and related parts and supplies and ensures that products meet certain safety standards set by the Consumer Product Safety Commission. The certification is required by law and helps to protect consumers from unsafe products.

History

A concise historical narrative of NAICS Code 423910-57 covering global milestones and recent developments within the United States.

  • The history of the Bicycles-Parts & Supplies (Wholesale) industry dates back to the early 1800s when the first bicycle was invented. The industry started to grow in the late 1800s when bicycles became more affordable and popular. In the early 1900s, the industry saw a decline due to the rise of automobiles. However, the industry picked up again in the 1970s when there was a renewed interest in cycling as a form of exercise and transportation. In recent years, the industry has seen a surge in demand due to the COVID-19 pandemic, as more people are turning to cycling as a safe and socially distant form of exercise and transportation. In the United States, the Bicycles-Parts & Supplies (Wholesale) industry has a long history dating back to the late 1800s. In the early 1900s, the industry saw a decline due to the rise of automobiles. However, the industry picked up again in the 1970s when there was a renewed interest in cycling as a form of exercise and transportation. In recent years, the industry has seen a surge in demand due to the COVID-19 pandemic, as more people are turning to cycling as a safe and socially distant form of exercise and transportation. The industry has also seen advancements in technology, such as the development of electric bikes and the use of carbon fiber in bike frames.

Future Outlook for Bicycles-Parts & Supplies (Wholesale)

The anticipated future trajectory of the NAICS 423910-57 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-Parts & Supplies (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 turning to cycling as a safe and socially distant activity. Additionally, the industry is expected to benefit from the growing demand for electric bicycles and the increasing popularity of cycling among older adults. However, the industry may face challenges such as supply chain disruptions and increased competition from online retailers.

Industry Innovations for NAICS Code 423910-57

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

  • Electric Bicycles: Electric bicycles have become increasingly popular in recent years, and the Bicycles-Parts & Supplies (Wholesale) industry has responded by offering a wide range of electric bicycles and related parts and accessories.
  • Bike-Sharing Programs: Bike-sharing programs have become popular in many cities across the USA, and the Bicycles-Parts & Supplies (Wholesale) industry has played a key role in providing the bicycles and related equipment for these programs.
  • Carbon Fiber Frames: Carbon fiber frames have become increasingly popular in the cycling industry due to their lightweight and durable properties, and the Bicycles-Parts & Supplies (Wholesale) industry has responded by offering a wide range of carbon fiber frames and related parts and accessories.
  • Smart Bike Technology: Smart bike technology, such as GPS tracking and integrated sensors, has become increasingly popular in recent years, and the Bicycles-Parts & Supplies (Wholesale) industry has responded by offering a wide range of smart bike technology and related parts and accessories.
  • Sustainable Materials: The Bicycles-Parts & Supplies (Wholesale) industry has responded to the growing demand for sustainable products by offering a wide range of bicycles and related parts and accessories made from sustainable materials such as bamboo and recycled plastic.

NAICS Code 423910-57 - Bicycles-Parts & Supplies (Wholesale)

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