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

• Necktie presses
• Fabric cutters
• Sewing machines
• Embroidery machines
• Heat presses
• Fabric steaming machines
• Fabric measuring tapes
• Fabric scissors
• Computer software for designing neckwear
• Fabric pattern-making software

Common products and services typical of NAICS Code 424350-11, illustrating the main business activities and contributions to the market.

• Silk ties
• Bow ties
• Neck scarves
• Cravats
• Ascots
• Necktie sets
• Skinny ties
• Knit ties
• Clip-on ties
• Patterned ties

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

• Textile Fiber Products Identification Act (TFPIA): The TFPIA requires that any textile fiber product that is imported or sold in the US must have a label that identifies the generic name of the fibers in the product, the manufacturer or dealer name, and the country of origin. This act is enforced by the Federal Trade Commission (FTC).
• Consumer Product Safety Improvement Act (CPSIA): The CPSIA regulates the safety of consumer products, including textiles. It requires that all children's products, including clothing, meet certain safety standards and be tested for lead and phthalates. This act is enforced by the Consumer Product Safety Commission (CPSC).
• Occupational Safety and Health Administration (OSHA) Certification: OSHA provides certification for various safety standards, including those related to the handling of hazardous materials and machinery. This certification is important for businesses that handle chemicals or operate machinery in the production of neckwear.
• International Organization for Standardization (ISO) 9001:2015: This certification is a quality management system standard that is recognized worldwide. It is important for businesses that want to demonstrate their ability to consistently provide products and services that meet customer and regulatory requirements.
• Global Organic Textile Standard (GOTS): GOTS is a certification for organic textiles that covers the entire supply chain, from harvesting of the raw materials to the finished product. It is important for businesses that want to demonstrate their commitment to sustainability and environmental responsibility.

A concise historical narrative of NAICS Code 424350-11 covering global milestones and recent developments within the United States.

• The neckwear industry has a long history dating back to ancient civilizations such as Egypt and China, where neckwear was used as a symbol of social status. In the 17th century, neckwear became a fashion accessory for men in Europe, and the trend spread to the United States in the 18th century. The necktie, which is the most popular type of neckwear, was invented in the 1920s and became a staple in men's fashion. In recent years, the neckwear industry has seen a decline in demand due to the shift towards more casual dress codes in the workplace. However, the industry has adapted by introducing new styles and materials to appeal to a younger demographic.

The anticipated future trajectory of the NAICS 424350-11 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 Neckwear (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for neckwear products from various end-use industries such as fashion, sports, and corporate sectors. The rise in disposable income and changing fashion trends are also expected to drive the growth of the industry. Additionally, the increasing popularity of e-commerce platforms is expected to boost the sales of neckwear products, as it provides a convenient and hassle-free shopping experience to customers. However, the industry may face challenges such as intense competition from other players in the market and the availability of low-cost substitutes. Overall, the industry is expected to grow at a steady pace in the coming years.

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

• Smart Neckties: These are neckties that come with a built-in chip that can be used to store data such as business cards, contact information, and other important details. This innovation is expected to revolutionize the way people network and exchange information.
• Neckwear with UV Protection: Neckwear products such as scarves and neckties that come with UV protection are gaining popularity among customers. This innovation is expected to drive the growth of the industry, especially in regions with high exposure to sunlight.
• Neckwear with Cooling Technology: Neckwear products that come with cooling technology are becoming increasingly popular among customers, especially in regions with high temperatures. This innovation is expected to drive the growth of the industry, especially in the sports and outdoor sectors.
• Sustainable Neckwear: Neckwear products made from sustainable materials such as bamboo, organic cotton, and recycled polyester are gaining popularity among customers who are environmentally conscious. This innovation is expected to drive the growth of the industry, especially among millennials and Gen Z customers.
• Customizable Neckwear: Neckwear products that can be customized according to the customer's preferences are gaining popularity among customers. This innovation is expected to drive the growth of the industry, especially in the corporate and fashion sectors.