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

• Gaussmeter
• Magnetizer/demagnetizer
• Magnetic separator
• Magnetic sweeper
• Magnetic tape dispenser
• Magnetic tool holder
• Magnetic tray
• Magnetic v-block
• Magnetic welding clamp
• Magnet wire stripper

Common products and services typical of NAICS Code 459120-42, illustrating the main business activities and contributions to the market.

• Magnetic jewelry
• Magnetic name tags
• Magnetic whiteboards
• Magnetic picture frames
• Magnetic knife holders
• Magnetic door catches
• Magnetic phone mounts
• Magnetic therapy products
• Magnetic levitation devices
• Magnetic building toys

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

• ASTM F963: Standard Consumer Safety Specification for Toy Safety ASTM International
• CPSIA: Consumer Product Safety Improvement Act Consumer Product Safety Commission
• FCC Part 15: Radio Frequency Devices Federal Communications Commission
• Rohs: Restriction of Hazardous Substances Directive European Union
• REACH: Registration, Evaluation, Authorization and Restriction of Chemicals European Union
• Prop 65: Safe Drinking Water and Toxic Enforcement Act California Office of Environmental Health Hazard Assessment
• ISO 9001: Quality Management Systems International Organization for Standardization
• ISO 14001: Environmental Management Systems International Organization for Standardization
• OSHA Hazard Communication Standard: Occupational Safety and Health Administration
• DOT Hazardous Materials Regulations: Department of Transportation
• IATA Dangerous Goods Regulations: International Air Transport Association
• IMDG Code: International Maritime Dangerous Goods Code International Maritime Organization
• UN Model Regulations: United Nations Economic and Social Council
• US Customs and Border Protection: Importing and exporting regulations US Customs and Border Protection
• US Department Of Transportation: Importing and exporting regulations US Department of Transportation
• US International Trade Commission: Importing and exporting regulations US International Trade Commission
• US Food and Drug Administration: Importing and exporting regulations US Food and Drug Administration
• US Environmental Protection Agency: Importing and exporting regulations US Environmental Protection Agency
• US Department Of Agriculture: Importing and exporting regulations US Department of Agriculture
• US Fish and Wildlife Service: Importing and exporting regulations US Fish and Wildlife Service

A concise historical narrative of NAICS Code 459120-42 covering global milestones and recent developments within the United States.

• The history of magnets dates back to ancient times when people discovered that certain rocks, later identified as lodestones, had the ability to attract iron. The first recorded use of magnets was in China around 200 BC, where they were used for divination purposes. In the 18th century, scientists began to study the properties of magnets, and by the 19th century, magnets were being used in telegraphs and other communication devices. In the 20th century, magnets became an essential component in many modern technologies, including electric motors, generators, and MRI machines. In the United States, the use of magnets in consumer products began in the 1970s, with the introduction of magnetic toys and games. Since then, the industry has grown to include a wide range of products, from magnetic jewelry to magnetic building sets.

The anticipated future trajectory of the NAICS 459120-42 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 Magnets (Retail) (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for magnets in various applications such as automotive, electronics, and healthcare. The growing trend of miniaturization in electronics and the increasing use of magnets in electric vehicles are expected to drive the demand for magnets. Additionally, the increasing demand for renewable energy sources such as wind turbines and the growing popularity of magnetic levitation technology are expected to further boost the demand for magnets. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from low-cost manufacturers in China and other countries.

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

• Magnetic Refrigeration: Magnetic refrigeration is an innovative technology that uses magnetic fields to cool materials. This technology has the potential to be more energy-efficient and environmentally friendly than traditional refrigeration methods.
• Magnetic Levitation Trains: Magnetic levitation trains use magnets to levitate above the tracks, reducing friction and allowing for faster and smoother travel. This technology is being developed in the USA and other countries.
• Magnetic Resonance Imaging (MRI): MRI is a medical imaging technique that uses magnets to create detailed images of the body. This technology has revolutionized medical diagnosis and treatment.
• Magnetic Nanoparticles: Magnetic nanoparticles are tiny particles that can be used in various applications such as drug delivery, cancer treatment, and environmental remediation. These particles are being developed and commercialized by companies in the USA and other countries.
• Rare Earth Magnets: Rare earth magnets are a type of magnet that is stronger than traditional magnets. These magnets are used in various applications such as wind turbines, electric vehicles, and consumer electronics. The development of new and more efficient rare earth magnets is an ongoing innovation in the industry.