NAICS Code 423 - Merchant Wholesalers, Durable Goods

NAICS 423 - Merchant Wholesalers, 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 423 - Merchant Wholesalers, 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 Merchant Wholesalers, Durable Goods subsector sell capital or durable goods to other businesses. Merchant wholesalers generally take title to the goods that they sell; in other words, they buy and sell goods on their own account. Durable goods are new or used items generally with a normal life expectancy of three years or more. Durable goods merchant 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.

Business-to-business electronic markets, agents, and brokers primarily engaged in wholesaling durable goods, generally on a commission or fee basis, are classified in Subsector 425, Wholesale Electronic Markets and Agents and Brokers.

Industry trends:

As of the latest data in 2023, the Merchant Wholesalers, Durable Goods industry (NAICS 423) is experiencing several notable qualitative trends. One key trend is the digital transformation and increased adoption of technology within wholesale operations. Many wholesalers are investing in sophisticated inventory management systems and e-commerce platforms to improve efficiency and meet the demands of increasingly digital-savvy customers. This shift towards technology integration is expected to enhance transparency, tracking, and customer engagement in the coming years.

Sustainability is also becoming a significant factor in the industry. Wholesalers are increasingly focusing on sustainable practices, including optimizing supply chains to reduce carbon footprints and partnering with manufacturers that prioritize environmentally friendly production methods. This trend is driven by consumer demand for responsible business practices and regulatory pressures to adhere to environmental standards.

The sector is seeing a rise in consolidation as companies look to scale operations and leverage economies of scale. Mergers and acquisitions are becoming more common as businesses strive to expand their market reach and streamline operational costs. This trend is expected to continue as competition intensifies and companies seek to enhance their competitive edge.

Looking ahead, the industry is forecasted to experience moderate growth due to a recovering global economy and increased capital investments. However, wholesalers will need to navigate challenges such as supply chain disruptions and fluctuating trade policies. Success will likely depend on the ability to adapt to digital changes, maintain sustainable practices, and effectively manage costs through strategic partnerships.