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NAICS Code 424340-03 Description (8-Digit)

Shoe Fabrics (Wholesale) is a subdivision of the Footwear Merchant Wholesalers industry that specializes in the distribution of fabrics used in the manufacturing of shoes. This industry involves the wholesale of a variety of materials such as leather, suede, canvas, and synthetic fabrics that are used to create the upper, lining, and insole of shoes. Shoe Fabrics (Wholesale) companies typically purchase these materials in bulk from manufacturers and then sell them to shoe manufacturers or other wholesalers.

Hierarchy Navigation for NAICS Code 424340-03

Parent Code (less specific)

Tools

Tools commonly used in the Shoe Fabrics (Wholesale) industry for day-to-day tasks and operations.

  • Fabric cutting machines
  • Sewing machines
  • Leather skiving machines
  • Embossing machines
  • Heat press machines
  • Fabric inspection machines
  • Fabric spreading machines
  • Fabric winding machines
  • Fabric measuring devices
  • Fabric testing equipment

Industry Examples of Shoe Fabrics (Wholesale)

Common products and services typical of NAICS Code 424340-03, illustrating the main business activities and contributions to the market.

  • Leather hides
  • Suede
  • Canvas
  • Synthetic fabrics
  • Mesh fabrics
  • Knit fabrics
  • Felt
  • Linings
  • Insoles
  • Interlinings

Certifications, Compliance and Licenses for NAICS Code 424340-03 - Shoe Fabrics (Wholesale)

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

  • Chemical Safety Assessment: This certification is required for companies that import or manufacture chemical substances in the US. It ensures that the chemicals used in the production of shoe fabrics are safe for human use and the environment. The Environmental Protection Agency (EPA) provides this certification.
  • Textile Fiber Products Identification Act (TFPIA): This act requires that all textile products, including shoe fabrics, sold in the US must have a label that identifies the fiber content, manufacturer or importer, and country of origin. The Federal Trade Commission (FTC) provides this certification.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for companies that manufacture or import shoe fabrics in the US. It ensures that the workplace is safe for employees and that they are protected from hazards. OSHA provides this certification.
  • National Fire Protection Association (NFPA) Certification: This certification is required for companies that manufacture or import shoe fabrics in the US. It ensures that the fabrics are fire-resistant and meet the safety standards set by the NFPA. The NFPA provides this certification.
  • Consumer Product Safety Commission (CPSC) Certification: This certification is required for companies that manufacture or import shoe fabrics in the US. It ensures that the fabrics meet the safety standards set by the CPSC and are safe for consumers to use. The CPSC provides this certification.

History

A concise historical narrative of NAICS Code 424340-03 covering global milestones and recent developments within the United States.

  • The "Shoe Fabrics (Wholesale)" industry has a long history dating back to the early 19th century when the first shoe factories were established in the United States. The industry has seen significant advancements in the production of shoe fabrics, including the development of new materials such as synthetic fibers and the use of advanced technologies in the manufacturing process. In recent years, the industry has also witnessed a growing trend towards sustainable and eco-friendly materials, with many companies investing in research and development to create new materials that are both durable and environmentally friendly. In the United States, the "Shoe Fabrics (Wholesale)" industry has experienced significant growth in recent years, driven by the increasing demand for high-quality and fashionable footwear. The industry has also benefited from the growing popularity of online shopping, which has made it easier for consumers to purchase shoes and other footwear products. In addition, the industry has seen a growing trend towards customization and personalization, with many companies offering bespoke shoe fabrics that are tailored to the individual needs and preferences of their customers. Overall, the "Shoe Fabrics (Wholesale)" industry is poised for continued growth in the coming years, driven by the increasing demand for high-quality and sustainable footwear products.

Future Outlook for Shoe Fabrics (Wholesale)

The anticipated future trajectory of the NAICS 424340-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Shoe Fabrics (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for eco-friendly and sustainable materials in the footwear industry. The rise in the number of people participating in sports and fitness activities is also expected to drive the demand for athletic shoes, which will further boost the demand for shoe fabrics. Additionally, the increasing popularity of online shopping is expected to drive the demand for shoe fabrics as more retailers are expanding their online presence. However, the industry may face challenges due to the increasing competition from low-cost imports and the volatility of raw material prices.

Industry Innovations for NAICS Code 424340-03

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

  • Smart Fabrics: Shoe fabrics that can monitor and track the wearer's movements and provide real-time feedback on their performance.
  • Sustainable Materials: The use of eco-friendly and sustainable materials such as recycled polyester, organic cotton, and bamboo in shoe fabrics.
  • 3D Printing: The use of 3D printing technology to create shoe fabrics with intricate designs and patterns.
  • Antimicrobial Fabrics: Shoe fabrics that are treated with antimicrobial agents to prevent the growth of bacteria and fungi.
  • Breathable Fabrics: Shoe fabrics that allow air to circulate, keeping the feet cool and dry.
  • Water-Resistant Fabrics: Shoe fabrics that repel water and keep the feet dry in wet conditions.
  • Lightweight Fabrics: Shoe fabrics that are lightweight and provide comfort and flexibility to the wearer.
  • Customizable Fabrics: Shoe fabrics that can be customized to meet the specific needs and preferences of the wearer.
  • High-Performance Fabrics: Shoe fabrics that are designed to provide superior performance in terms of durability, flexibility, and comfort.
  • Innovative Designs: Shoe fabrics with innovative designs and patterns that appeal to consumers and set them apart from the competition.

NAICS Code 424340-03 - Shoe Fabrics (Wholesale)

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