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NAICS Code 424350-04 Description (8-Digit)

Buckles (Wholesale) is a subdivision of the Clothing and Clothing Accessories Merchant Wholesalers industry. This industry involves the wholesale distribution of buckles, which are fasteners used to secure belts, straps, or other items. Buckles can be made from a variety of materials, including metal, plastic, and leather. Buckles (Wholesale) companies purchase buckles from manufacturers and sell them to retailers, who then sell them to consumers. This industry is an important part of the fashion and accessories market, as buckles are a common component of many clothing items and accessories.

Hierarchy Navigation for NAICS Code 424350-04

Tools

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

  • Buckle making machines
  • Die cutting machines
  • Rivet machines
  • Leather cutting knives
  • Hole punchers
  • Sewing machines
  • Embossing machines
  • Stamping machines
  • Grinding machines
  • Polishing machines

Industry Examples of Buckles (Wholesale)

Common products and services typical of NAICS Code 424350-04, illustrating the main business activities and contributions to the market.

  • Belt buckles
  • Shoe buckles
  • Bag buckles
  • Watch band buckles
  • Harness buckles
  • Luggage buckles
  • Suspenders buckles
  • Dog collar buckles
  • Bracelet buckles
  • Equestrian buckles

Certifications, Compliance and Licenses for NAICS Code 424350-04 - Buckles (Wholesale)

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 that deal with hazardous materials or equipment. It ensures that the business is following safety protocols and regulations to prevent accidents and injuries in the workplace. The certification is provided by the US Department of Labor.
  • National Association Of Wholesaler-Distributors (NAW) Certification: This certification is provided by the NAW and is designed to help wholesalers improve their business operations and increase profitability. It covers topics such as supply chain management, inventory control, and customer service.
  • Certified Professional Sales Person (CPSP) Certification: This certification is provided by the Manufacturers' Representatives Educational Research Foundation (MRERF) and is designed for sales professionals in the wholesale industry. It covers topics such as sales techniques, customer service, and product knowledge.
  • Certified Supply Chain Professional (CSCP) Certification: This certification is provided by the Association for Supply Chain Management (ASCM) and is designed for professionals in the supply chain industry. It covers topics such as logistics, inventory management, and supply chain strategy.
  • Certified In Transportation and Logistics (CTL) Certification: This certification is provided by the American Society of Transportation and Logistics (ASTL) and is designed for professionals in the transportation and logistics industry. It covers topics such as transportation management, logistics strategy, and supply chain optimization.

History

A concise historical narrative of NAICS Code 424350-04 covering global milestones and recent developments within the United States.

  • The history of the Buckles (Wholesale) industry dates back to the 19th century when buckles were used as a fastening device for clothing and footwear. The first buckles were made of brass, iron, and silver, and were used for military uniforms and horse riding gear. In the 20th century, buckles became a fashion accessory and were used in belts, handbags, and other accessories. The Buckles (Wholesale) industry in the United States has seen significant growth in recent years due to the increasing demand for fashion accessories. The industry has also benefited from the growth of e-commerce, which has made it easier for wholesalers to reach a wider audience. In addition, the industry has seen an increase in demand for custom-made buckles, which has led to the development of new technologies and materials. Overall, the Buckles (Wholesale) industry has a rich history and continues to evolve with changing fashion trends and consumer preferences.

Future Outlook for Buckles (Wholesale)

The anticipated future trajectory of the NAICS 424350-04 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 Buckles (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fashion accessories. The rise in disposable income and the growing fashion industry are the major drivers of the industry. The industry is also expected to benefit from the increasing trend of online shopping. The industry is expected to face some challenges such as the increasing competition from low-cost imports and the changing consumer preferences. However, the industry is expected to overcome these challenges by focusing on innovation and quality. Overall, the Buckles (Wholesale) industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424350-04

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

  • Smart Buckles: Smart buckles are the latest innovation in the Buckles (Wholesale) industry. These buckles come with sensors that can track the wearer's activity and provide data on their health and fitness. They can also be used to make payments and unlock doors. Smart buckles are expected to become popular among fitness enthusiasts and tech-savvy consumers.
  • Customized Buckles: Customized buckles are becoming popular among consumers who want to personalize their fashion accessories. Buckle manufacturers are now offering customized buckles that can be engraved with the wearer's name or initials. This trend is expected to continue in the coming years.
  • Sustainable Buckles: Sustainable buckles are becoming popular among environmentally conscious consumers. Buckle manufacturers are now using eco-friendly materials such as recycled plastic and bamboo to make buckles. This trend is expected to continue as consumers become more aware of the environmental impact of their purchases.
  • Magnetic Buckles: Magnetic buckles are becoming popular among consumers who want a hassle-free way of fastening their belts. These buckles use magnets instead of traditional buckles to fasten the belt. Magnetic buckles are expected to become popular among the elderly and people with disabilities.
  • Buckles with LED Lights: Buckles with LED lights are becoming popular among consumers who want to make a fashion statement. These buckles come with LED lights that can be programmed to display different colors and patterns. Buckles with LED lights are expected to become popular among young consumers who want to stand out from the crowd.

NAICS Code 424350-04 - Buckles (Wholesale)

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