Tools commonly used in the Watchmakers' Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.

• Watch cleaning machines
• Watchmaker's lathe
• Screwdrivers
• Tweezers
• Pliers
• Watch case opener
• Watch hand remover
• Watch movement holder
• Watch oiler
• Watch mainspring winder
• Watch timing machine
• Watch demagnetizer
• Watch crystal press
• Watch case closing press
• Watchmaker's hammer
• Watchmaker's loupe
• Watchmaker's bench
• Watchmaker's screwdriver set
• Watchmaker's polishing machine

Common products and services typical of NAICS Code 423940-34, illustrating the main business activities and contributions to the market.

• Watch repair shops
• Jewelry stores with watch repair services
• Watch manufacturers
• Wholesale watch distributors
• Online watch retailers
• Antique watch dealers
• Auction houses specializing in watches
• Watch parts suppliers
• Watch battery suppliers
• Watch strap suppliers

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

• Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses to ensure that they are providing a safe and healthy work environment for their employees. OSHA provides training and certification programs for various industries, including the wholesale industry.
• National Association Of Wholesaler-Distributors (NAW) Certification: This certification is designed to help wholesalers improve their business operations and increase profitability. The certification covers topics such as supply chain management, inventory control, and customer service.
• National Association Of Watch and Clock Collectors (NAWCC) Certification: This certification is designed for watchmakers and clockmakers who want to demonstrate their expertise in the field. The certification covers topics such as repair techniques, parts identification, and customer service.
• National Institute for Metalworking Skills (NIMS) Certification: This certification is designed for metalworking professionals, including those in the wholesale industry. The certification covers topics such as machining, metalforming, and metalworking safety.
• International Organization for Standardization (ISO) Certification: This certification is designed to help businesses improve their quality management systems. The certification covers topics such as customer satisfaction, process improvement, and risk management.

A concise historical narrative of NAICS Code 423940-34 covering global milestones and recent developments within the United States.

• The "Watchmakers' Equipment & Supplies (Wholesale)" industry has a long history dating back to the 16th century when the first pocket watches were invented. The industry has since grown to include a wide range of products such as watch parts, tools, and cleaning supplies. In the United States, the industry saw significant growth during the 19th century with the rise of mass production and the introduction of new technologies. In recent years, the industry has faced challenges due to the increasing popularity of smartwatches and the decline of traditional watchmaking. However, the industry has adapted by focusing on niche markets and expanding its product offerings to include luxury watch brands and high-end watchmaking tools.

The anticipated future trajectory of the NAICS 423940-34 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 Watchmakers' Equipment & Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for watches and jewelry. The rise in disposable income and the growing fashion industry are some of the factors that are driving the growth of the industry. The increasing use of technology in the manufacturing process is also expected to boost the industry's growth. The industry is expected to face some challenges such as the increasing competition from online retailers and the rising cost of raw materials. However, the industry is expected to overcome these challenges and continue to grow in the future.

Recent groundbreaking advancements and milestones in the Watchmakers' Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Smartwatches: The introduction of smartwatches has revolutionized the watch industry. Smartwatches have become increasingly popular due to their advanced features such as fitness tracking, GPS, and mobile payments.
• 3D Printing: The use of 3D printing technology has made it easier and cheaper to produce watch parts. This has led to a reduction in the cost of production and has made it easier for small businesses to enter the market.
• Sustainable Materials: The use of sustainable materials such as recycled metals and ethically sourced gemstones has become increasingly popular in the watch and jewelry industry. This trend is expected to continue in the future.
• Customization: The trend of customization has become increasingly popular in the watch and jewelry industry. Customers can now design their own watches and jewelry, which has led to an increase in demand for personalized products.
• E-Commerce: The rise of e-commerce has made it easier for customers to purchase watches and jewelry online. This has led to an increase in sales for the industry and has made it easier for small businesses to reach a wider audience.