Tools commonly used in the Hobby & Model Constr Supplies (Wholesale) industry for day-to-day tasks and operations.

• Airbrushes
• Model knives
• Paint brushes
• Soldering irons
• Glue guns
• Cutting mats
• Sandpaper
• Paints (acrylic, enamel, etc.)
• Decal paper
• Modeling clay

Common products and services typical of NAICS Code 423920-14, illustrating the main business activities and contributions to the market.

• Model airplane kits
• Train sets
• Remote control cars
• Model boats
• Rocket kits
• Diorama supplies
• Plastic model kits
• Model building tools
• Model paints
• Model decals

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

• ASTM F963: This certification is required for toys and children's products to ensure that they meet safety standards set by the Consumer Product Safety Commission (CPSC). The certification is provided by the American Society for Testing and Materials (ASTM).
• CPSIA: The Consumer Product Safety Improvement Act (CPSIA) is a federal law that requires all children's products to be tested for safety and compliance with CPSC regulations.
• OSHA Hazard Communication Standard: This standard requires employers to provide information and training to employees about hazardous chemicals in the workplace. It is provided by the Occupational Safety and Health Administration (OSHA).
• DOT Hazardous Materials Regulations: These regulations govern the transportation of hazardous materials in the United States. They are provided by the Department of Transportation (DOT).
• EPA Toxic Substances Control Act (TSCA): This act regulates the manufacture, import, processing, and distribution of chemicals in the United States. It is provided by the Environmental Protection Agency (EPA).

A concise historical narrative of NAICS Code 423920-14 covering global milestones and recent developments within the United States.

• The "Hobby & Model Constr Supplies (Wholesale)" industry has a long history dating back to the early 20th century when model trains and airplanes became popular. The industry grew rapidly in the 1950s and 1960s with the introduction of plastic model kits. In the 1970s, the industry faced a decline due to the rise of video games and other electronic toys. However, the industry bounced back in the 1980s and 1990s with the introduction of new products such as radio-controlled cars and drones. In recent years, the industry has seen a surge in demand for 3D printing and other advanced technologies, which has led to the development of new products and increased competition. In the United States, the "Hobby & Model Constr Supplies (Wholesale)" industry has a rich history dating back to the early 20th century. The industry grew rapidly in the 1950s and 1960s with the introduction of plastic model kits. In the 1970s, the industry faced a decline due to the rise of video games and other electronic toys. However, the industry bounced back in the 1980s and 1990s with the introduction of new products such as radio-controlled cars and drones. In recent years, the industry has seen a surge in demand for 3D printing and other advanced technologies, which has led to the development of new products and increased competition. The industry has also been impacted by the COVID-19 pandemic, which has led to disruptions in the supply chain and reduced demand for non-essential goods. Despite these challenges, the industry has shown resilience and is expected to continue to grow in the coming years.

The anticipated future trajectory of the NAICS 423920-14 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 industry "Hobby & Model Constr Supplies (Wholesale)" in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of hobbies such as model building, as well as the rise of e-commerce platforms that make it easier for wholesalers to reach a wider audience. Additionally, the industry is expected to benefit from the growing interest in STEM education, which may lead to an increased demand for educational toys and model building kits. However, the industry may face challenges such as rising competition from online retailers and changing consumer preferences. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Hobby & Model Constr Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• 3D Printing: The introduction of 3D printing technology has revolutionized the hobby and model construction industry. With 3D printing, hobbyists can create their own custom parts and models, which has opened up new possibilities for creativity and innovation.
• Augmented Reality: Some companies have started to incorporate augmented reality technology into their products, allowing customers to view their models in a virtual environment before they are built. This has made it easier for hobbyists to visualize their creations and make adjustments before they start building.
• Subscription Services: Several companies now offer subscription services that provide customers with a regular supply of model building kits and supplies. This has made it easier for hobbyists to stay engaged with their hobbies and has also created a steady revenue stream for wholesalers.
• Eco-Friendly Products: Many hobbyists are now looking for eco-friendly products that are made from sustainable materials. Some wholesalers have started to offer products that are made from recycled materials or that have a smaller environmental footprint.
• Social Media: Social media platforms such as Instagram and YouTube have become important marketing tools for wholesalers in the hobby and model construction industry. By showcasing their products on these platforms, wholesalers can reach a wider audience and build a community of loyal customers.