NAICS Code 459510-50 - Music Stores-Vintage (Retail)
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NAICS Code 459510-50 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459510-50
Parent Code (less specific)
Tools
Tools commonly used in the Music Stores-Vintage (Retail) industry for day-to-day tasks and operations.
- Guitar humidifier
- String winder
- Fret rocker
- Guitar polish
- Guitar tuner
- Soldering iron
- Wire cutters
- Screwdrivers
- Pliers
- Multimeter
Industry Examples of Music Stores-Vintage (Retail)
Common products and services typical of NAICS Code 459510-50, illustrating the main business activities and contributions to the market.
- Vintage guitars
- Classic drum kits
- Rare amplifiers
- Vintage microphones
- Antique sheet music
- Vintage vinyl records
- Old concert posters
- Vintage music magazines
- Classic music books
- Vintage music memorabilia
Certifications, Compliance and Licenses for NAICS Code 459510-50 - Music Stores-Vintage (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for employees who work with hazardous materials or in hazardous environments. OSHA provides training and certification for employees to ensure their safety and the safety of others in the workplace.
- Retail Sales Tax License: This license is required for businesses that sell goods or products directly to consumers. It allows businesses to collect and remit sales tax to the state.
- Business License: A business license is required for all businesses operating in the United States. It ensures that businesses are operating legally and in compliance with local and state regulations.
- Music Licensing: Music stores that play music in their stores or sell music that is copyrighted must obtain a music license.
- Environmental Protection Agency (EPA) Certification: This certification is required for businesses that handle hazardous waste. It ensures that businesses are properly disposing of hazardous waste and are in compliance with environmental regulations.
History
A concise historical narrative of NAICS Code 459510-50 covering global milestones and recent developments within the United States.
- The "Music Stores-Vintage (Retail)" industry has a rich history dating back to the early 20th century when the first vinyl records were produced. The industry grew rapidly in the 1950s and 1960s with the rise of rock and roll music, and the introduction of the cassette tape and the compact disc in the 1980s and 1990s respectively. The industry faced a decline in the early 2000s with the advent of digital music and online streaming services. However, the industry has seen a resurgence in recent years with the renewed interest in vinyl records and the growth of the retro and vintage culture. In the United States, the industry has seen a steady growth in the past few years, with the sales of vinyl records reaching a record high in 2020, surpassing CD sales for the first time since the 1980s. The industry has also seen an increase in the number of specialty stores and online retailers catering to the vintage music market.
Future Outlook for Music Stores-Vintage (Retail)
The anticipated future trajectory of the NAICS 459510-50 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The vintage music industry in the USA is expected to continue to grow in the coming years. The demand for vintage music has been increasing due to the nostalgia factor and the unique sound quality of vintage music. The industry is also expected to benefit from the growing popularity of vinyl records among younger generations. However, the industry may face challenges due to the increasing availability of digital music and the rise of online music streaming services. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 459510-50
Recent groundbreaking advancements and milestones in the Music Stores-Vintage (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Online Vintage Music Marketplaces: Online marketplaces such as Reverb and Etsy have made it easier for vintage music stores to reach a wider audience and sell their products online.
- Vinyl Record Revival: The resurgence of vinyl records has been a major milestone for the vintage music industry. The demand for vinyl records has been increasing in recent years, with many younger generations discovering the unique sound quality of vinyl.
- Vintage Music Festivals: The rise of vintage music festivals such as the Austin City Limits Music Festival and the Newport Folk Festival has provided a platform for vintage music artists to perform and reach a wider audience.
- Vintage Music Documentaries: The popularity of vintage music documentaries such as "Muscle Shoals" and "20 Feet from Stardom" has helped to increase interest in vintage music and its history.
- Vintage Music Merchandise: Many vintage music stores have started selling merchandise such as t-shirts, posters, and other memorabilia related to vintage music artists, providing an additional revenue stream for the industry.
NAICS Code 459510-50 - Music Stores-Vintage (Retail)
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