NAICS Code 423990-25 - Magnets & Magnetic Devices (Wholesale)

Marketing Level - NAICS 8-Digit

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Contact Emails: 521
Company Websites: 50
Phone Numbers: 67
Business Addresses: 73
Companies with Email: 49
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NAICS CODE 423990-25
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NAICS Code 423990-25 Description (8-Digit)

The Magnets & Magnetic Devices (Wholesale) industry involves the distribution of a wide range of magnetic products and devices to various businesses and industries. These products are used for a variety of purposes, including industrial, commercial, and scientific applications. Companies in this industry typically purchase magnetic products from manufacturers and then sell them to retailers, wholesalers, and end-users.

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 423990 page

Tools

Tools commonly used in the Magnets & Magnetic Devices (Wholesale) industry for day-to-day tasks and operations.

  • Gaussmeters
  • Magnetizers
  • Demagnetizers
  • Magnetic sweepers
  • Magnetic separators
  • Magnetic chucks
  • Magnetic lifters
  • Magnetic conveyors
  • Magnetic stirrers
  • Magnetic particle inspection equipment

Industry Examples of Magnets & Magnetic Devices (Wholesale)

Common products and services typical of NAICS Code 423990-25, illustrating the main business activities and contributions to the market.

  • Magnetic sensors
  • Magnetic locks
  • Magnetic tapes
  • Magnetic bearings
  • Magnetic clamps
  • Magnetic hooks
  • Magnetic strips
  • Magnetic name tags
  • Magnetic whiteboards
  • Magnetic therapy products

History

A concise historical narrative of NAICS Code 423990-25 covering global milestones and recent developments within the United States.

  • The history of the Magnets & Magnetic Devices (Wholesale) industry dates back to the early 20th century when the first permanent magnets were invented. In the 1930s, the development of Alnico magnets, which are made of aluminum, nickel, and cobalt, revolutionized the industry. During World War II, magnets were used in radar systems, and the industry experienced significant growth. In the 1960s, the development of rare earth magnets, which are made of neodymium, iron, and boron, further expanded the industry. In recent years, advancements in technology have led to the development of stronger and more efficient magnets, which have increased the demand for magnets in various industries. In the United States, the Magnets & Magnetic Devices (Wholesale) industry has experienced steady growth since the 1990s. The industry has benefited from the growth of the electronics and automotive industries, which are major consumers of magnets. In recent years, the industry has also benefited from the growth of renewable energy sources, such as wind turbines, which require large magnets for their generators. Overall, the industry has been characterized by innovation and technological advancements, which have driven growth and increased demand for magnets.