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NAICS Code 458310-18 Description (8-Digit)

Stop Watches (Retail) is a subdivision of the Jewelry Retailers industry that specializes in the sale of stop watches. Stop watches are timepieces that can be started and stopped to measure the duration of an event. This industry caters to a wide range of customers, including athletes, coaches, and professionals who require precise timing for their activities.

Hierarchy Navigation for NAICS Code 458310-18

Parent Code (less specific)

Tools

Tools commonly used in the Stop Watches (Retail) industry for day-to-day tasks and operations.

  • Digital stop watches
  • Analog stop watches
  • Chronographs
  • Lap timers
  • Split timers
  • Countdown timers
  • Interval timers
  • Multi-function stop watches
  • Water-resistant stop watches
  • Shock-resistant stop watches

Industry Examples of Stop Watches (Retail)

Common products and services typical of NAICS Code 458310-18, illustrating the main business activities and contributions to the market.

  • Sports equipment stores
  • Athletic supply stores
  • Running specialty stores
  • Fitness equipment stores
  • Outdoor recreation stores
  • Military supply stores
  • Professional timing services
  • Event management companies
  • Educational supply stores
  • Scientific equipment suppliers

Certifications, Compliance and Licenses for NAICS Code 458310-18 - Stop Watches (Retail)

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

  • National Association Of Watch and Clock Collectors Certification: This certification is for individuals who want to demonstrate their knowledge and expertise in the field of watch and clock collecting. The certification is provided by the National Association of Watch and Clock Collectors (NAWCC), which is a non-profit organization that promotes the study and appreciation of horology. The certification requires passing a written exam and demonstrating practical skills.
  • Certified Horologist: This certification is for individuals who want to demonstrate their expertise in the field of horology. The certification is provided by the American Watchmakers-Clockmakers Institute (AWCI), which is a non-profit organization that promotes the study and appreciation of horology. The certification requires passing a written exam and demonstrating practical skills.
  • Federal Trade Commission (FTC) Jewelry Guides: These guides provide information on how to avoid making deceptive claims when selling jewelry, including stop watches. The guides are enforced by the FTC and apply to all jewelry retailers in the US.
  • Occupational Safety and Health Administration (OSHA) Regulations: OSHA provides regulations that apply to all workplaces in the US, including retail stores that sell stop watches. These regulations cover topics such as workplace safety, hazardous materials, and employee training.
  • Consumer Product Safety Commission (CPSC) Regulations: The CPSC provides regulations that apply to all consumer products sold in the US, including stop watches. These regulations cover topics such as product safety, labeling, and testing.

History

A concise historical narrative of NAICS Code 458310-18 covering global milestones and recent developments within the United States.

  • The history of the Stop Watches (Retail) industry dates back to the early 19th century when the first mechanical stopwatches were invented. These early stopwatches were used primarily in sports and were not widely available to the general public. In the early 20th century, electronic stopwatches were introduced, which were more accurate and easier to use. The first digital stopwatch was invented in the 1970s, which revolutionized the industry and made stopwatches more affordable and accessible. In recent years, the industry has seen a shift towards smartwatches, which offer more features and functionality than traditional stopwatches. In the United States, the Stop Watches (Retail) industry has seen steady growth over the past decade. This growth can be attributed to the increasing popularity of fitness and sports activities, which has led to a higher demand for stopwatches and other fitness-related products. Additionally, advancements in technology have made stopwatches more affordable and accessible to the general public. Overall, the industry is expected to continue to grow in the coming years as more people become interested in fitness and sports activities.

Future Outlook for Stop Watches (Retail)

The anticipated future trajectory of the NAICS 458310-18 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Stop Watches (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for smartwatches and fitness trackers. The rise in health consciousness among consumers has led to an increase in demand for wearable technology, which includes stopwatches. Additionally, the increasing popularity of e-commerce platforms has made it easier for consumers to purchase stopwatches online, which is expected to further boost the industry's growth. However, the industry may face challenges due to the COVID-19 pandemic, which has led to a decline in consumer spending. Nevertheless, the industry is expected to recover as the pandemic subsides and the economy improves.

Industry Innovations for NAICS Code 458310-18

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

  • Smartwatches: The introduction of smartwatches has revolutionized the stopwatches industry. Smartwatches offer a range of features, including stopwatches, timers, and fitness tracking, which has led to an increase in demand for these products.
  • Fitness Trackers: Fitness trackers are another recent innovation in the stopwatches industry. These devices offer a range of features, including stopwatches, heart rate monitoring, and step tracking, which has led to an increase in demand for these products.
  • Waterproof Stopwatches: The introduction of waterproof stopwatches has made it easier for consumers to use stopwatches while swimming or participating in other water-based activities.
  • GPS-Enabled Stopwatches: GPS-enabled stopwatches are another recent innovation in the industry. These devices offer a range of features, including stopwatches, timers, and GPS tracking, which has led to an increase in demand for these products.
  • Wireless Charging: The introduction of wireless charging has made it easier for consumers to charge their stopwatches without the need for cables or wires.

NAICS Code 458310-18 - Stop Watches (Retail)

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