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 wholesale trade of durable goods, under NAICS 421, is witnessing transformative trends shaped by technological advancements and evolving consumer preferences. A prominent trend is the increased adoption of digital platforms and e-commerce solutions. Wholesalers are leveraging technology to enhance supply chain efficiency and customer engagement, utilizing data analytics for better inventory management and sales forecasting. This shift is expected to continue, with more wholesalers investing in digital tools to streamline operations and offer personalized services.

Sustainability is another significant trend impacting the industry. There is a growing demand for eco-friendly products, pushing wholesalers to adapt by sourcing from environmentally responsible manufacturers and adopting green practices in their operations. This focus on sustainability is expected to grow as consumers and regulatory bodies place more emphasis on environmental responsibility.

The integration of automation and artificial intelligence is also influencing the sector. Automated processes are reducing operational costs and improving accuracy and speed in order fulfillment. As technology evolves, we can expect further integration of AI-driven solutions for tasks such as demand planning and predictive analytics.

Looking ahead, the industry is likely to see continued consolidation as firms seek to enhance competitiveness and scale. This trend, coupled with innovations in technology and a focus on sustainability, will define the wholesale trade of durable goods in the near future. Overall, flexibility and adaptability will be crucial for businesses aiming to thrive in this dynamic landscape.