NAICS Code 423940-33 - Watches (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423940-33
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NAICS Code 423940-33 Description (8-Digit)

The Watches (Wholesale) industry involves the distribution of watches to retailers, other wholesalers, and commercial clients. This industry includes a wide range of watches, from luxury timepieces to more affordable options. Wholesale watch distributors typically purchase watches from manufacturers and then sell them in bulk to retailers or other businesses. The Watches (Wholesale) industry is highly competitive, with distributors constantly seeking to offer the latest styles and trends to their customers.

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 Watches (Wholesale) industry for day-to-day tasks and operations.

  • Watch winders
  • Watch cases and displays
  • Watch repair tools
  • Watch batteries and testers
  • Watch straps and bracelets
  • Watch cleaning and polishing supplies
  • Watch movement holders
  • Watch hand removers
  • Watch crystal lifters
  • Watchmakers' loupes

Industry Examples of Watches (Wholesale)

Common products and services typical of NAICS Code 423940-33, illustrating the main business activities and contributions to the market.

  • Sports watches
  • Smartwatches
  • Luxury watches
  • Fashion watches
  • Children's watches
  • Fitness watches
  • Military watches
  • Pocket watches
  • Diving watches
  • Dress watches

History

A concise historical narrative of NAICS Code 423940-33 covering global milestones and recent developments within the United States.

  • The history of the Watches (Wholesale) industry dates back to the 16th century when the first pocket watches were invented. The first wristwatch was created in the late 19th century, and by the early 20th century, wristwatches had become more popular than pocket watches. The industry saw significant growth during World War I when wristwatches became an essential tool for soldiers. In the 1970s, the introduction of quartz watches revolutionized the industry, making watches more accurate and affordable. In recent years, the industry has seen a shift towards smartwatches, with companies like Apple and Samsung leading the way. In the United States, the Watches (Wholesale) industry has a long history, with the first wristwatch being sold in the late 1800s. The industry saw significant growth during World War I and World War II when wristwatches became an essential tool for soldiers. In the 1970s, the introduction of quartz watches revolutionized the industry, making watches more accurate and affordable. In recent years, the industry has seen a shift towards smartwatches, with companies like Apple and Samsung leading the way. The industry has also seen an increase in demand for luxury watches, with brands like Rolex and Omega continuing to be popular among consumers.