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NAICS Code 424590-08 Description (8-Digit)

Horse Dealers (Wholesale) are businesses that specialize in the buying and selling of horses in large quantities to other businesses. These wholesalers typically purchase horses from breeders, auctions, and other sources, and then sell them to retailers, riding schools, and other businesses that require horses for their operations. The primary focus of this industry is on the sale of horses for commercial purposes, rather than for personal use.

Hierarchy Navigation for NAICS Code 424590-08

Tools

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

  • Horse trailers
  • Hoof picks
  • Halters
  • Lunge lines
  • Grooming brushes
  • Saddle pads
  • Bridles
  • Lead ropes
  • Horse clippers
  • Fly spray

Industry Examples of Horse Dealers (Wholesale)

Common products and services typical of NAICS Code 424590-08, illustrating the main business activities and contributions to the market.

  • Riding schools
  • Equestrian centers
  • Racehorse trainers
  • Rodeo companies
  • Horse rental companies
  • Horse therapy centers
  • Horse carriage companies
  • Horse breeding farms
  • Livestock auctions
  • Horse show organizers

Certifications, Compliance and Licenses for NAICS Code 424590-08 - Horse Dealers (Wholesale)

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

  • USDA Horse Protection Act Certification: This certification is required for individuals who transport horses for sale or exhibition and ensures that the horses are not subjected to any cruel or inhumane treatment. The certification is provided by the United States Department of Agriculture (USDA).
  • Commercial Driver's License (CDL): A CDL is required for individuals who transport horses for sale or exhibition. The license is issued by the state's Department of Motor Vehicles (DMV).
  • Animal Welfare Act (AWA) License: This license is required for individuals who exhibit, sell, or transport animals, including horses, for commercial purposes. The license is issued by the USDA.
  • Sales Tax Permit: A sales tax permit is required for businesses that sell horses for profit. The permit is issued by the state's Department of Revenue.
  • Business License: A business license is required for businesses that sell horses for profit. The license is issued by the state's Department of Revenue.

History

A concise historical narrative of NAICS Code 424590-08 covering global milestones and recent developments within the United States.

  • The horse trade has been a part of human history for centuries, with horses being used for transportation, agriculture, and warfare. The wholesale horse industry emerged in the 19th century, with the development of railroads and the need for horses in the expanding American West. Horse dealers would buy horses in large quantities from breeders and auctions and sell them to ranchers, farmers, and the military. In the 20th century, the industry faced challenges with the rise of automobiles and tractors, but it adapted by focusing on the racing and show horse markets. In recent years, the industry has faced scrutiny over animal welfare concerns, but it remains an important part of the agricultural sector. In the United States, the wholesale horse industry has seen significant changes in recent decades. The rise of online auctions and sales has made it easier for buyers and sellers to connect, but it has also led to increased competition and price volatility. The industry has also faced challenges from the 2008 financial crisis and the resulting decline in demand for luxury goods. However, there are signs of growth in the industry, with increased interest in equestrian sports and the popularity of horse racing in some regions. Overall, the industry has a rich history and continues to evolve in response to changing market conditions.

Future Outlook for Horse Dealers (Wholesale)

The anticipated future trajectory of the NAICS 424590-08 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 Horse Dealers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for horses in various sectors such as sports, entertainment, and transportation. The industry is also expected to benefit from the growing popularity of equestrian sports and the increasing number of horse shows and competitions. Additionally, the industry is expected to benefit from the growing demand for horse-related products such as feed, supplements, and equipment. However, the industry may face challenges such as the rising cost of feed and the increasing competition from online retailers. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424590-08

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

  • Online Horse Auctions: Online horse auctions have become increasingly popular in recent years, allowing buyers to purchase horses from anywhere in the world without having to attend a physical auction. This has made it easier for buyers to find the horses they need and has increased the reach of horse dealers.
  • Horse Leasing Programs: Horse leasing programs have become popular in recent years, allowing individuals to lease a horse for a set period of time rather than purchasing one outright. This has made it easier for individuals to experience horse ownership without the high costs associated with purchasing a horse.
  • Horse Transport Services: Horse transport services have become increasingly popular in recent years, allowing horse dealers to transport horses safely and efficiently across the country. This has made it easier for horse dealers to expand their reach and find buyers in new markets.
  • Equine Nutrition and Supplements: The equine nutrition and supplements industry has grown in recent years, providing horse dealers with new products to offer their customers. These products can help improve the health and performance of horses, making them more attractive to buyers.
  • Equestrian Tourism: Equestrian tourism has become increasingly popular in recent years, providing horse dealers with new opportunities to sell horses to individuals and businesses in the tourism industry. This has created new markets for horse dealers and has helped to increase demand for horses.

NAICS Code 424590-08 - Horse Dealers (Wholesale)

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