NAICS Code 421 - Wholesale Trade, Durable Goods

NAICS 421 - Wholesale Trade, Durable Goods

NAICS 42 - Wholesale Trade
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 421 - Wholesale Trade, Durable Goods
  NAICS 423 - Merchant Wholesalers, Durable Goods NAICS 424 - Merchant Wholesalers, Nondurable Goods NAICS 425 - Wholesale Electronic Markets and Agents and Brokers NAICS 421 - Wholesale Trade, Durable Goods NAICS 422 - Wholesale trade, nondurable goods

Industries in the Wholesale Trade, Durable Goods subsector sell or arrange the purchase or sale of capital or durable goods to other businesses. Durable goods are new or used items generally with a normal life expectancy of three years or more. Durable goods wholesale trade establishments are engaged in wholesaling products, such as motor vehicles, furniture, construction materials, machinery and equipment (including household-type appliances), metals and minerals (except petroleum), sporting goods, toys and hobby goods, recyclable materials, and parts.

The detailed industries within the subsector are organized in the classification structure based on the products sold. Within an industry, the types of establishments may vary, including wholesale merchants and/or agents and brokers.

Industry trends:

The NAICS 421 category, encompassing Wholesale Trade in Durable Goods, is experiencing a significant transformation driven by digitalization and sustainability trends. Digital platforms and e-commerce solutions are becoming increasingly pivotal, enabling wholesalers to streamline operations, enhance inventory management, and improve customer interactions. The adoption of artificial intelligence and machine learning is enhancing forecasting accuracy, optimizing supply chains, and personalizing services to better meet customer demands.

Sustainability is another major trend, with wholesalers adopting greener practices due to both regulatory pressures and consumer demand for environmentally responsible sourcing. Initiatives such as reducing carbon footprints, utilizing eco-friendly packaging, and implementing circular economy principles are on the rise, contributing to more sustainable business models.

Additionally, the industry is witnessing a shift towards more strategic partnerships and collaborations. Wholesalers are increasingly collaborating with manufacturers and retailers to offer integrated solutions, creating value-added services and ensuring a seamless supply chain. This model not only enhances efficiency but also provides a competitive edge in an increasingly crowded market.

Looking ahead, the near future of the wholesale trade in durable goods is expected to be dominated by further advancements in technology and sustainability efforts. Growth in sectors such as renewable energy, electric vehicles, and smart home devices will likely spur demand for durable goods in these categories. Moreover, an ongoing focus on resilience and agility in supply chains will remain crucial in navigating future uncertainties and market dynamics.