NAICS Code 425120-73 - Fur-Skin-Dealers & Brokers (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

18

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NAICS Code 425120-73 Description (8-Digit)

Fur-Skin-Dealers & Brokers (Wholesale) is an industry that involves the wholesale trade of fur and skin products. This industry is responsible for the distribution of raw and processed animal hides, furs, and skins to manufacturers and retailers. The products traded in this industry are used for a variety of purposes, including clothing, accessories, and home furnishings. Fur-Skin-Dealers & Brokers (Wholesale) is a specialized industry that requires knowledge of the different types of animal hides, furs, and skins, as well as their processing and treatment.

Hierarchy Navigation for NAICS Code 425120-73

Tools

Tools commonly used in the Fur-Skin-Dealers & Brokers (Wholesale) industry for day-to-day tasks and operations.

  • Skinning knives
  • Fleshing knives
  • Tanning knives
  • Scrapers
  • Stretching boards
  • Tanning drums
  • Fleshing machines
  • Tanning machines
  • Drying racks
  • Fur combs
  • Fur brushes
  • Fur shears
  • Leather punches
  • Leather needles
  • Leather thread
  • Leather glue
  • Leather dye
  • Leather conditioner
  • Leather oil

Industry Examples of Fur-Skin-Dealers & Brokers (Wholesale)

Common products and services typical of NAICS Code 425120-73, illustrating the main business activities and contributions to the market.

  • Mink fur
  • Fox fur
  • Rabbit fur
  • Cowhide
  • Sheepskin
  • Deer skin
  • Crocodile skin
  • Snake skin
  • Ostrich skin
  • Lambskin
  • Beaver fur
  • Coyote fur
  • Raccoon fur
  • Chinchilla fur
  • Lynx fur
  • Sable fur
  • Seal skin
  • Muskrat fur
  • Otter fur

Certifications, Compliance and Licenses for NAICS Code 425120-73 - Fur-Skin-Dealers & Brokers (Wholesale)

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 US Fish and Wildlife Service is the authority that issues CITES permits in the US.
  • Fur Products Labeling Act: The Fur Products Labeling Act requires that all fur products be labeled with the name of the animal(s) used, the country of origin, and other information. The Federal Trade Commission (FTC) enforces the Act.
  • Animal Welfare Act: The Animal Welfare Act sets minimum standards for the care and treatment of certain animals used in research, exhibition, transport, and by dealers. The US Department of Agriculture (USDA) enforces the Act.
  • Endangered Species Act: The Endangered Species Act provides for the conservation of endangered and threatened species and the ecosystems upon which they depend. The US Fish and Wildlife Service and the National Marine Fisheries Service are the authorities that enforce the Act.
  • Migratory Bird Treaty Act: The Migratory Bird Treaty Act makes it illegal to take, possess, import, export, transport, sell, purchase, barter, or offer for sale, purchase, or barter any migratory bird, or the parts, nests, or eggs of such a bird except under the terms of a valid permit issued pursuant to Federal regulations. The US Fish and Wildlife Service enforces the Act.

History

A concise historical narrative of NAICS Code 425120-73 covering global milestones and recent developments within the United States.

  • The fur trade has been a significant industry worldwide for centuries, with fur-skin-dealers and brokers playing a crucial role in the trade. The industry's history can be traced back to the 16th century when European explorers and traders began to trade furs with Native Americans in North America. The fur trade was a significant driver of the economy in North America, with beaver fur being the most valuable commodity. The industry continued to grow in the 17th and 18th centuries, with the establishment of fur trading companies such as the Hudson's Bay Company and the North West Company. In the 19th century, the industry faced a decline due to overhunting and the introduction of new materials such as silk and cotton. However, the industry saw a resurgence in the 20th century, with the demand for fur coats and accessories increasing. 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 fur-skin-dealers and brokers industry has a long history, with the first fur trading post established in 1608 in Quebec. The industry grew rapidly in the 18th and 19th centuries, with the establishment of fur trading companies such as the American Fur Company. The industry faced a decline in the early 20th century due to overhunting and the introduction of new materials. However, the industry saw a resurgence in the mid-20th century, with the demand for fur coats and accessories increasing. In recent years, the industry has faced criticism from animal rights activists, leading to a decline in demand for fur products. Despite this, the industry continues to play a significant role in the US economy, with fur-skin-dealers and brokers providing a vital link between fur trappers and manufacturers.

Future Outlook for Fur-Skin-Dealers & Brokers (Wholesale)

The anticipated future trajectory of the NAICS 425120-73 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 Fur-Skin-Dealers & Brokers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fur and skin products in the fashion industry. The rise in disposable income and changing fashion trends are also expected to drive the growth of the industry. However, the industry may face challenges due to the increasing concerns over animal welfare and the use of fur in fashion. The industry players are expected to focus on sustainable and ethical practices to address these concerns and maintain their market position.

Industry Innovations for NAICS Code 425120-73

Recent groundbreaking advancements and milestones in the Fur-Skin-Dealers & Brokers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • The use of technology in the industry has increased in recent years. The industry players are using digital platforms to connect with their customers and expand their reach. For instance, some companies are using social media platforms to showcase their products and engage with their customers.
  • The industry players are also focusing on sustainable and ethical practices. Some companies are using alternative materials to fur and skin products to address the concerns over animal welfare. For instance, some companies are using faux fur and leather in their products.
  • The industry players are also expanding their product offerings to cater to the changing fashion trends. Some companies are offering customized products to their customers to meet their specific needs and preferences.
  • The industry players are also focusing on improving their supply chain management to ensure the timely delivery of their products. Some companies are using advanced logistics and inventory management systems to streamline their operations.
  • The industry players are also collaborating with other players in the industry to expand their reach and market share. For instance, some companies are partnering with retailers and fashion designers to showcase their products and increase their visibility in the market.

NAICS Code 425120-73 - Fur-Skin-Dealers & Brokers (Wholesale)

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