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

• Fur sewing machines
• Fur cutting machines
• Fur gluing machines
• Fur cleaning machines
• Fur stretching machines
• Fur shearing machines
• Fur ironing machines
• Fur combing tools
• Fur brushes
• Fur needles
• Fur thread
• Fur hooks and eyes
• Fur closures
• Fur lining materials
• Fur trimmings
• Fur dyes
• Fur conditioners
• Fur storage containers
• Fur measuring tools

Common products and services typical of NAICS Code 424350-48, illustrating the main business activities and contributions to the market.

• Mink fur coats
• Fox fur jackets
• Rabbit fur hats
• Beaver fur gloves
• Coyote fur vests
• Chinchilla fur scarves
• Lynx fur earmuffs
• Raccoon fur trimmings
• Sable fur blankets
• Otter fur pillows

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

• Convention on International Trade In Endangered Species Of Wild Fauna and Flora (CITES): CITES is an international agreement between governments that aims to ensure that international trade in specimens of wild animals and plants does not threaten their survival. The agreement requires that all international trade in specimens of species included in the Appendices is subject to certain controls. The US Fish and Wildlife Service is the authority that issues CITES permits in the US.
• Fur Products Labeling Act: The Fur Products Labeling Act is a US federal law that requires labeling of all fur products including the name of the animal, the country of origin, and the name and address of the manufacturer, importer, or distributor. The Federal Trade Commission (FTC) is responsible for enforcing the act.
• Animal Welfare Act: The Animal Welfare Act is a US federal law that regulates the treatment of animals in research, exhibition, transport, and by dealers. The law requires that dealers of animals be licensed and inspected by the US Department of Agriculture (USDA).
• Endangered Species Act: The Endangered Species Act is a US federal law that provides for the conservation of endangered and threatened species and their habitats. The law prohibits the import, export, and sale of endangered species and their products. The US Fish and Wildlife Service is responsible for enforcing the act.
• International Fur Trade Federation Certification: The International Fur Trade Federation (IFTF) is a global organization that represents the fur trade industry. The IFTF offers a certification program that ensures that fur products are ethically sourced and produced. The certification is voluntary and is available to fur farmers, processors, and traders.

A concise historical narrative of NAICS Code 424350-48 covering global milestones and recent developments within the United States.

• The fur trade has been a significant industry worldwide for centuries, with fur being used for clothing, accessories, and even currency. In the 17th and 18th centuries, the fur trade was a major driver of the economy in North America, with beaver pelts being the most valuable commodity. The industry saw a decline in the 19th century due to overhunting and changing fashion trends. However, in the 20th century, the industry saw a resurgence with the development of fur farming, which allowed for more controlled and sustainable production. In recent years, the industry has faced criticism from animal rights activists, leading to a decline in demand for fur products. In the United States, the industry has been impacted by regulations and bans on fur sales in several states and cities, including California and New York. Despite these challenges, the industry continues to operate, with a focus on sustainable and ethical practices.

The anticipated future trajectory of the NAICS 424350-48 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Shrinking

  The fur business (wholesale) industry in the USA is expected to experience a decline in the coming years due to the increasing awareness of animal rights and the growing popularity of faux fur. However, the industry is expected to remain profitable due to the high demand for luxury fur products in the fashion industry. The industry is also expected to benefit from the growing demand for fur products in emerging markets such as China and Russia. Additionally, the industry is expected to benefit from the increasing popularity of sustainable and ethical fashion, which may lead to the development of new fur farming and production methods that are more environmentally friendly and humane.

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

• Introduction Of New Fur Products Made from Sustainable and Ethical Sources: With the growing demand for sustainable and ethical fashion, many companies in the fur business (wholesale) industry are introducing new fur products made from sustainable and ethical sources such as recycled fur and fur from animals that have been raised and treated in a humane manner.
• Development Of New Fur Farming and Production Methods: In response to the increasing awareness of animal rights, many companies in the fur business (wholesale) industry are developing new fur farming and production methods that are more environmentally friendly and humane. These methods include the use of natural feed and the implementation of animal welfare standards.
• Expansion Into Emerging Markets: With the growing demand for luxury fur products in emerging markets such as China and Russia, many companies in the fur business (wholesale) industry are expanding their operations into these markets to take advantage of the growing demand.
• Introduction Of New Fur Products for Different Seasons: To increase sales and cater to the changing fashion trends, many companies in the fur business (wholesale) industry are introducing new fur products for different seasons such as lightweight fur jackets for spring and summer.
• Collaboration with Fashion Designers: To stay relevant and increase sales, many companies in the fur business (wholesale) industry are collaborating with fashion designers to create new and innovative fur products that appeal to a wider audience.