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

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

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

• Certified Watchmaker: A certification that demonstrates the holder's expertise in repairing and servicing watches. The American Watchmakers-Clockmakers Institute (AWCI) provides this certification.
• Gemological Institute Of America (GIA) Certification: A certification that demonstrates the holder's expertise in identifying and grading diamonds and other gemstones. This certification is useful for wholesalers who deal with diamond and gemstone watches.
• Responsible Jewellery Council (RJC) Certification: A certification that demonstrates the holder's commitment to ethical, social, and environmental practices in the jewelry and watch industry. This certification is useful for wholesalers who want to demonstrate their commitment to responsible practices.
• National Association Of Watch and Clock Collectors (NAWCC) Certification: A certification that demonstrates the holder's expertise in horology, the study of timekeeping devices. This certification is useful for wholesalers who deal with antique and vintage watches.
• Occupational Safety and Health Administration (OSHA) Certification: A certification that demonstrates the holder's knowledge of workplace safety and health regulations. This certification is useful for wholesalers who have employees working in a warehouse or other industrial setting.

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.

The anticipated future trajectory of the NAICS 423940-33 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 Watches (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for luxury watches and the growing popularity of smartwatches. The rise of e-commerce is also expected to boost the industry as more consumers are turning to online shopping. However, the industry may face challenges due to the ongoing COVID-19 pandemic and the resulting economic uncertainty. Overall, the Watches (Wholesale) industry is expected to continue to grow in the coming years.

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

• Smartwatches: The introduction of smartwatches has revolutionized the watch industry. Smartwatches offer a range of features such as fitness tracking, messaging, and mobile payments, which have made them popular among consumers.
• Luxury Watches: Luxury watches continue to be in high demand, with brands such as Rolex, Omega, and Patek Philippe leading the way. These watches are often seen as a status symbol and are popular among collectors.
• Sustainable Watches: There has been a growing trend towards sustainable watches, with brands such as Baume and Mercier and Breitling launching eco-friendly watches made from recycled materials.
• Customization: Many watch brands are now offering customization options, allowing consumers to create their own unique timepiece.
• Online Sales: The rise of e-commerce has made it easier for consumers to purchase watches online, with many brands now offering online sales and home delivery.