NAICS Code 423940-02 - Clocks-Components (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423940-02
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NAICS Code 423940-02 Description (8-Digit)

Clocks-Components (Wholesale) is a subdivision of the NAICS Code 423940 that involves the wholesale distribution of components used in the manufacturing and repair of clocks. This industry includes the wholesale of clock movements, clock hands, clock dials, clock cases, clock weights, clock pendulums, clock keys, clock winding mechanisms, and other clock parts. Companies in this industry may also offer repair services for clocks.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423940 page

Tools

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

  • Clock movement tester
  • Clock oil
  • Clock cleaning solution
  • Clock mainspring winder
  • Clock bushing tool
  • Clock hand puller
  • Clock pivot locator
  • Clock gear cutter
  • Clock dial gauge
  • Clock escapement gauge

Industry Examples of Clocks-Components (Wholesale)

Common products and services typical of NAICS Code 423940-02, illustrating the main business activities and contributions to the market.

  • Clock movements
  • Clock dials
  • Clock hands
  • Clock cases
  • Clock weights
  • Clock pendulums
  • Clock keys
  • Clock winding mechanisms
  • Clock chimes
  • Clock bells

History

A concise historical narrative of NAICS Code 423940-02 covering global milestones and recent developments within the United States.

  • The "Clocks-Components (Wholesale)" industry has a long history dating back to the 16th century when the first mechanical clocks were invented. The industry has since evolved with the introduction of quartz clocks in the 20th century, which led to the development of electronic clocks and watches. In the United States, the industry experienced significant growth in the 1950s and 1960s with the introduction of transistorized clocks and watches. The industry has continued to evolve with the introduction of smartwatches and other wearable technology. Notable advancements in the industry include the development of atomic clocks, which are used in GPS systems and other applications that require precise timekeeping. Another notable advancement is the development of self-winding watches, which use the movement of the wearer's wrist to power the watch. Recent history in the United States has seen the industry face challenges due to the COVID-19 pandemic, which has led to a decline in demand for luxury watches and other high-end timepieces. However, the industry has also seen growth in the smartwatch market, with consumers increasingly turning to wearable technology for health and fitness tracking. The industry has also seen an increase in demand for vintage and antique watches, as consumers seek out unique and collectible timepieces. Overall, the "Clocks-Components (Wholesale)" industry has a rich history of innovation and adaptation to changing consumer demands.