NAICS Code 423940-29 - Trophy Parts & Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423940-29
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NAICS Code 423940-29 Description (8-Digit)

Trophy Parts & Supplies (Wholesale) is a subdivision of the Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers industry. This industry involves the wholesale distribution of parts and supplies used in the production of trophies, plaques, and other awards. Companies in this industry typically sell to retailers, trophy shops, and engravers.

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 Trophy Parts & Supplies (Wholesale) industry for day-to-day tasks and operations.

  • Trophy bases
  • Trophy columns
  • Trophy figures
  • Plaque plates
  • Engraving machines
  • Laser engravers
  • Sandblasting equipment
  • Trophy cups
  • Trophy lids
  • Trophy risers

Industry Examples of Trophy Parts & Supplies (Wholesale)

Common products and services typical of NAICS Code 423940-29, illustrating the main business activities and contributions to the market.

  • Trophy bases and columns
  • Plaque plates and holders
  • Trophy figures and toppers
  • Engraving machines and supplies
  • Laser engravers and accessories
  • Sandblasting equipment and materials
  • Trophy cups and lids
  • Trophy risers and stands
  • Award ribbons and medals
  • Certificate holders and frames

History

A concise historical narrative of NAICS Code 423940-29 covering global milestones and recent developments within the United States.

  • The trophy industry has been around for centuries, with the first recorded trophy being awarded in ancient Greece in the 5th century BC. The trophy was a shield with an inscription commemorating a naval victory. In the Middle Ages, knights were awarded trophies for their bravery in battle. The modern trophy industry began in the late 19th century when sports became more organized and trophies were awarded to winners. The first trophy manufacturer in the United States was J.E. Caldwell & Co., which began producing trophies in the late 1800s. In the 20th century, the trophy industry expanded to include not only sports trophies but also corporate awards, academic awards, and other types of recognition. In recent years, the industry has seen a shift towards more personalized and unique trophies, with the use of 3D printing and other technologies allowing for greater customization. In the United States, the trophy industry has seen steady growth over the past few decades. According to a report by IBISWorld, the industry has grown at an annual rate of 2.3% over the past five years, with revenue reaching $2.5 billion in 2021. The growth of the industry can be attributed to several factors, including the increasing popularity of sports and other competitive activities, the growth of the corporate awards market, and the rise of e-commerce, which has made it easier for consumers to purchase trophies and awards online. Overall, the trophy industry is expected to continue to grow in the coming years, driven by these and other factors.