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NAICS Code 423940-03 Description (8-Digit)

Clocks (Wholesale) is a subdivision of the NAICS Code 423940 that involves the wholesale distribution of clocks. This industry includes businesses that purchase clocks from manufacturers and sell them to retailers, commercial establishments, and other organizations. The clocks sold in this industry can range from traditional analog clocks to modern digital clocks, and can be used for various purposes such as timekeeping, decoration, and alarm functions.

Hierarchy Navigation for NAICS Code 423940-03

Tools

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

  • Clock movement testing machine
  • Clock oil
  • Clock cleaning solution
  • Clock hand puller
  • Clock hand setter
  • Clock gear cutter
  • Clock gear puller
  • Clock mainspring winder
  • Clock mainspring letdown tool
  • Clock bushing tool
  • Clock pivot polisher
  • Clock pivot gauge
  • Clock pivot file
  • Clock pivot burnisher
  • Clock pivot straightener
  • Clock balance staff remover
  • Clock balance staff straightener
  • Clock balance staff pivot polisher
  • Clock balance staff pivot gauge

Industry Examples of Clocks (Wholesale)

Common products and services typical of NAICS Code 423940-03, illustrating the main business activities and contributions to the market.

  • Wall clocks
  • Desk clocks
  • Alarm clocks
  • Mantel clocks
  • Grandfather clocks
  • Cuckoo clocks
  • Digital clocks
  • Analog clocks
  • Outdoor clocks
  • Novelty clocks

Certifications, Compliance and Licenses for NAICS Code 423940-03 - Clocks (Wholesale)

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

  • National Association Of Watch and Clock Collectors Certification: This certification is for individuals who want to become professional horologists. It is a comprehensive certification that covers all aspects of clock and watch repair. The National Association of Watch and Clock Collectors provides this certification.
  • American Watchmakers-Clockmakers Institute Certification: This certification is for individuals who want to become professional horologists. It is a comprehensive certification that covers all aspects of clock and watch repair. The American Watchmakers-Clockmakers Institute provides this certification.
  • National Institute for Metalworking Skills Certification: This certification is for individuals who want to become skilled machinists. It covers all aspects of metalworking, including the manufacture of clock and watch parts. The National Institute for Metalworking Skills provides this certification.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for individuals who work in the clock and watch industry and are exposed to hazardous materials. It covers all aspects of workplace safety and health. The Occupational Safety and Health Administration provides this certification.
  • International Organization for Standardization (ISO) Certification: This certification is for companies that want to demonstrate that they have a quality management system in place. It covers all aspects of the clock and watch industry, including manufacturing, distribution, and sales. The International Organization for Standardization provides this certification.

History

A concise historical narrative of NAICS Code 423940-03 covering global milestones and recent developments within the United States.

  • The history of the Clocks (Wholesale) industry dates back to the 14th century when the first mechanical clocks were invented in Europe. The first portable clock was invented in the 16th century, and by the 17th century, clockmaking had become a full-fledged industry. In the 19th century, the invention of the pendulum clock and the quartz clock revolutionized the industry. In the United States, the industry saw significant growth in the 20th century, with the introduction of electric clocks and the standardization of time zones. The industry has continued to evolve with the introduction of digital clocks and smartwatches.

Future Outlook for Clocks (Wholesale)

The anticipated future trajectory of the NAICS 423940-03 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 Clocks (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for clocks in the commercial and residential sectors. The rise in disposable income and the growing trend of home decor are also expected to drive the growth of the industry. The industry is also expected to benefit from the increasing adoption of smart clocks and the integration of IoT technology in clocks. However, the industry may face challenges due to the increasing competition from online retailers and the availability of low-cost alternatives.

Industry Innovations for NAICS Code 423940-03

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

  • Smart Clocks: The integration of IoT technology in clocks has led to the development of smart clocks that can perform various functions such as playing music, setting alarms, and providing weather updates.
  • Voice-Activated Clocks: Clocks that can be controlled through voice commands have gained popularity in recent years due to their convenience and ease of use.
  • Wireless Charging Clocks: The development of wireless charging technology has led to the creation of clocks that can be charged wirelessly, eliminating the need for cords and cables.
  • Clocks with Built-In Cameras: Some clocks now come with built-in cameras that can be used for security purposes or for video conferencing.
  • Eco-Friendly Clocks: The increasing focus on sustainability has led to the development of clocks that are made from eco-friendly materials and are energy-efficient.

NAICS Code 423940-03 - Clocks (Wholesale)

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