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

• Coin counting machines
• Packaging equipment
• Labeling machines
• Pallet jacks
• Hand trucks
• Shrink wrap machines
• Tape dispensers
• Scissors
• Box cutters
• Staplers

Common products and services typical of NAICS Code 424990-31, illustrating the main business activities and contributions to the market.

• Piggy banks
• Novelty coin banks
• Ceramic coin banks
• Metal coin banks
• Plastic coin banks
• Coin banks with locks
• Coin banks with digital counters
• Coin banks shaped like animals
• Coin banks shaped like buildings
• Coin banks for children

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

• Consumer Product Safety Commission (CPSC) Certification: This certification is required for all products that are intended for use by children under the age of 12. The CPSC ensures that the product meets safety standards and regulations. The certification is provided by the CPSC and can be obtained through their website:
• ASTM International Certification: ASTM International is an organization that develops and publishes technical standards for a wide range of products, including coin banks. ASTM certification ensures that the product meets industry standards for quality and safety. The certification is provided by ASTM International and can be obtained through their website:
• National Association Of Manufacturers (NAM) Certification: NAM is an organization that represents manufacturers across the United States. Their certification ensures that the product is made in the USA and meets industry standards for quality and safety. The certification is provided by NAM and can be obtained through their website:
• Occupational Safety and Health Administration (OSHA) Certification: OSHA is a federal agency that sets and enforces safety standards in the workplace. OSHA certification ensures that the product is safe for workers to handle and use. The certification is provided by OSHA and can be obtained through their website:
• International Organization for Standardization (ISO) Certification: ISO is an organization that develops and publishes international standards for a wide range of products, including coin banks. ISO certification ensures that the product meets international standards for quality and safety. The certification is provided by ISO and can be obtained through their website:

A concise historical narrative of NAICS Code 424990-31 covering global milestones and recent developments within the United States.

• The history of the Coin Banks (Wholesale) industry dates back to the 18th century when the first piggy banks were introduced in Europe. These banks were made of clay and were used to store coins. In the 19th century, the first mechanical banks were introduced in the United States. These banks were made of cast iron and had moving parts that would activate when a coin was inserted. The first coin banks were designed to encourage children to save money. In the 20th century, the industry saw a shift towards plastic banks, which were cheaper to produce and more durable. In recent years, the industry has seen a rise in demand for novelty coin banks, such as those shaped like popular characters or objects. In the United States, the Coin Banks (Wholesale) industry has seen steady growth in recent years. The rise of e-commerce has made it easier for wholesalers to reach a wider audience, and the popularity of online marketplaces has made it easier for consumers to find and purchase coin banks. Additionally, the industry has seen a rise in demand for eco-friendly coin banks made from recycled materials. Overall, the industry has remained stable and is expected to continue to grow in the coming years.

The anticipated future trajectory of the NAICS 424990-31 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 Coin Banks (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for coin banks from various sectors such as educational institutions, banks, and other financial institutions. The rise in disposable income and the growing trend of saving money among consumers are also expected to drive the growth of the industry. Additionally, the increasing popularity of coin banks as a gift item is expected to boost the industry's growth. However, the industry may face challenges due to the increasing use of digital payment methods, which may reduce the demand for coin banks. Overall, the industry is expected to grow steadily in the coming years.

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

• Smart Coin Banks: These coin banks come with features such as automatic coin counting, mobile app integration, and voice recognition. They are gaining popularity among consumers who want to keep track of their savings and manage their finances more efficiently.
• Customized Coin Banks: Manufacturers are now offering customized coin banks that can be personalized with the customer's name, photo, or message. This innovation has increased the demand for coin banks as a gift item.
• Eco-Friendly Coin Banks: These coin banks are made from recycled materials and are designed to promote sustainability. They are gaining popularity among environmentally conscious consumers.
• Interactive Coin Banks: These coin banks come with features such as games, puzzles, and quizzes that encourage children to save money. They are gaining popularity among parents who want to teach their children about financial literacy.
• Coin Banks with Security Features: These coin banks come with features such as password protection and biometric authentication to ensure the safety of the stored coins. They are gaining popularity among consumers who want to keep their savings secure.