NAICS Code 459420-45 - Racing Collectibles (Retail)
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NAICS Code 459420-45 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459420-45
Parent Code (less specific)
Tools
Tools commonly used in the Racing Collectibles (Retail) industry for day-to-day tasks and operations.
- Die-cast car models
- Autographed memorabilia
- Display cases
- Trading cards
- Apparel (hats, t-shirts, jackets)
- Posters and prints
- Keychains
- Stickers and decals
- Pins and buttons
- Plaques and trophies
Industry Examples of Racing Collectibles (Retail)
Common products and services typical of NAICS Code 459420-45, illustrating the main business activities and contributions to the market.
- NASCAR merchandise
- Formula 1 collectibles
- IndyCar memorabilia
- Drag racing souvenirs
- Dirt track racing apparel
- Vintage racing items
- Motorsports-themed home decor
- Racing-themed board games
- Racing-themed puzzles
- Racing-themed phone cases
Certifications, Compliance and Licenses for NAICS Code 459420-45 - Racing Collectibles (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- NASCAR Officially Licensed Product: This certification is required for any product that uses the NASCAR logo or any other NASCAR trademark. The certification is provided by NASCAR and ensures that the product meets the quality standards set by the organization.
- Sales Tax Permit: Racing Collectibles (Retail) businesses are required to obtain a Sales Tax Permit from the state in which they operate. This permit allows the business to collect sales tax from customers and remit it to the state. The requirements for obtaining a Sales Tax Permit vary by state.
- Business License: Racing Collectibles (Retail) businesses are required to obtain a Business License from the state in which they operate. This license allows the business to legally operate in the state. The requirements for obtaining a Business License vary by state.
- Occupational Safety and Health Administration (OSHA) Compliance: Racing Collectibles (Retail) businesses are required to comply with OSHA regulations to ensure the safety of their employees. OSHA provides guidelines for workplace safety and requires businesses to provide training and equipment to their employees.
- Consumer Product Safety Commission (CPSC) Compliance: Racing Collectibles (Retail) businesses are required to comply with CPSC regulations to ensure the safety of their customers. The CPSC provides guidelines for product safety and requires businesses to test their products for safety hazards.
History
A concise historical narrative of NAICS Code 459420-45 covering global milestones and recent developments within the United States.
- The "Racing Collectibles (Retail)" industry has a long history dating back to the early 20th century when the first automobile races were held. The first racing collectibles were produced in the 1920s and 1930s, with the first die-cast models being produced in the 1950s. The industry grew rapidly in the 1980s and 1990s, with the popularity of NASCAR and other racing series leading to an increase in demand for collectibles. In recent years, the industry has faced challenges due to the decline in popularity of NASCAR and other racing series, as well as the rise of online retailers. However, the industry has adapted by expanding its product offerings to include items such as apparel, accessories, and memorabilia from other sports and entertainment industries. In the United States, the "Racing Collectibles (Retail)" industry has a more recent history, with the first NASCAR race being held in 1948. The industry grew rapidly in the 1990s and early 2000s, with the popularity of NASCAR leading to an increase in demand for collectibles. However, the industry has faced challenges in recent years due to the decline in popularity of NASCAR and other racing series, as well as the rise of online retailers. Despite these challenges, the industry has continued to innovate and expand its product offerings, with many retailers now offering a wide range of sports and entertainment memorabilia in addition to racing collectibles.
Future Outlook for Racing Collectibles (Retail)
The anticipated future trajectory of the NAICS 459420-45 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Racing Collectibles (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of motorsports and the growing fan base. The industry is also expected to benefit from the increasing use of e-commerce platforms, which will make it easier for consumers to purchase racing collectibles. Additionally, the industry is expected to benefit from the increasing demand for licensed merchandise, which is expected to drive sales of racing collectibles. However, the industry may face challenges due to the increasing competition from other retailers and the growing popularity of digital collectibles.
Industry Innovations for NAICS Code 459420-45
Recent groundbreaking advancements and milestones in the Racing Collectibles (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Lionel Racing: Lionel Racing is a company that produces die-cast collectible cars for NASCAR fans. The company has recently introduced a new line of 1:24 scale die-cast cars that feature the paint schemes of some of the most popular drivers in the sport.
- Fanatics: Fanatics is an online retailer that specializes in licensed sports merchandise. The company has recently expanded its selection of racing collectibles, offering a wide range of products for NASCAR fans.
- NASCAR Authentics: NASCAR Authentics is a line of collectibles that includes die-cast cars, apparel, and other merchandise. The line is sold at retail stores and online, and features products from some of the most popular drivers in the sport.
- Lionel Garage: Lionel Garage is a new line of die-cast cars that are designed to be customizable. The cars come with interchangeable parts, allowing fans to create their own unique designs.
- NASCAR Heat: NASCAR Heat is a video game that allows fans to race against their favorite drivers. The game features realistic graphics and physics, and has become popular among racing fans.
NAICS Code 459420-45 - Racing Collectibles (Retail)
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