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NAICS Code 424350-18 Description (8-Digit)

Sportswear (Wholesale) is a subdivision of Clothing and Clothing Accessories Merchant Wholesalers industry. This industry involves the wholesale distribution of sportswear, which includes clothing and accessories designed for sports and physical activities. The sportswear can be for both men and women and can be used for various sports such as running, cycling, swimming, and more. The industry includes wholesalers who distribute sportswear to retailers, sports teams, and other organizations.

Hierarchy Navigation for NAICS Code 424350-18

Tools

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

  • Athletic tape
  • Compression garments
  • Dumbbells
  • Exercise balls
  • Foam rollers
  • Heart rate monitors
  • Resistance bands
  • Running shoes
  • Sports bras
  • Yoga mats

Industry Examples of Sportswear (Wholesale)

Common products and services typical of NAICS Code 424350-18, illustrating the main business activities and contributions to the market.

  • Athletic wear
  • Cycling clothing
  • Fitness apparel
  • Golf clothing
  • Running gear
  • Sports accessories
  • Swimwear
  • Tennis clothing
  • Training clothes
  • Yoga clothing

Certifications, Compliance and Licenses for NAICS Code 424350-18 - Sportswear (Wholesale)

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

  • Fair Trade Certified: This certification ensures that the products are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The certification is provided by Fair Trade USA.
  • Global Organic Textile Standard (GOTS): This certification ensures that the products are made from organic fibers and that the production process meets environmental and social criteria. The certification is provided by the International Working Group on Global Organic Textile Standard.
  • Bluesign: This certification ensures that the products are made with sustainable materials and that the production process meets environmental and social criteria. The certification is provided by Bluesign Technologies AG.
  • Oeko-Tex Standard 100: This certification ensures that the products are free from harmful substances and that the production process meets environmental and social criteria. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.
  • WRAP Certification: This certification ensures that the products are produced in a socially responsible manner and that the production process meets environmental and ethical standards. The certification is provided by Worldwide Responsible Accredited Production.

History

A concise historical narrative of NAICS Code 424350-18 covering global milestones and recent developments within the United States.

  • The sportswear industry has a long and rich history, dating back to the early 20th century when sports became more popular and people started to wear specialized clothing for different activities. In the 1920s, companies like Champion and Russell Athletic began producing athletic wear, and by the 1950s, sportswear had become a mainstream fashion trend. In the 1970s, the rise of jogging and fitness culture led to the creation of new sportswear brands like Nike and Adidas, which revolutionized the industry with their innovative designs and marketing strategies. In recent years, the sportswear industry has continued to grow and evolve, with new technologies like moisture-wicking fabrics and 3D printing being used to create more advanced and customizable products. In the United States, the sportswear industry has experienced significant growth in recent years, driven by factors like the rise of athleisure fashion, increased interest in health and fitness, and the popularity of sports like basketball and football. According to a report by Statista, the U.S. sportswear market was valued at $114.2 billion in 2020, up from $108.2 billion in 2019. This growth has been fueled by the success of companies like Nike, Under Armour, and Lululemon, which have all seen strong sales and revenue growth in recent years. Overall, the sportswear industry in the U.S. is a dynamic and rapidly evolving market that is poised for continued growth in the years to come.

Future Outlook for Sportswear (Wholesale)

The anticipated future trajectory of the NAICS 424350-18 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The sportswear wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for athleisure wear and fitness apparel. The rise in health consciousness and fitness trends has led to a surge in demand for sportswear, which is expected to continue in the future. Additionally, the growing popularity of e-commerce platforms has made it easier for wholesalers to reach a wider audience, which is expected to further boost the industry's growth. However, the industry may face challenges due to the increasing competition and the need to keep up with the latest fashion trends and technological advancements. Overall, the future outlook for the sportswear wholesale industry in the USA is positive, with steady growth expected in the coming years.

Industry Innovations for NAICS Code 424350-18

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

  • Sustainable Sportswear: Many sportswear brands are now focusing on sustainability and using eco-friendly materials to manufacture their products. This trend is expected to continue in the future as consumers become more environmentally conscious.
  • Smart Sportswear: With the rise of wearable technology, many sportswear brands are now incorporating smart features into their products, such as heart rate monitors and GPS tracking. This trend is expected to continue in the future as consumers become more tech-savvy.
  • Customizable Sportswear: Many sportswear brands are now offering customizable options for their products, allowing customers to choose their own colors, designs, and logos. This trend is expected to continue in the future as consumers seek more personalized products.
  • Inclusive Sizing: Many sportswear brands are now offering a wider range of sizes to cater to customers of all body types. This trend is expected to continue in the future as consumers demand more inclusive sizing options.
  • Athleisure Wear: The trend of wearing sportswear as everyday clothing has become increasingly popular in recent years, with many sportswear brands now offering stylish and comfortable athleisure wear. This trend is expected to continue in the future as consumers seek more versatile and comfortable clothing options.

NAICS Code 424350-18 - Sportswear (Wholesale)

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