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:

The NAICS 423 category, encompassing Merchant Wholesalers of Durable Goods, is experiencing several notable qualitative trends. One key trend is the increasing integration of digital technologies. Wholesalers are investing in advanced supply chain management systems to enhance efficiency, reduce costs, and improve overall customer satisfaction. E-commerce platforms and digital marketplaces are becoming essential for wholesalers to reach a broader market and streamline their operations.

Another significant trend is the emphasis on sustainability. Companies in this industry are focusing on environmentally friendly practices, such as reducing packaging waste, utilizing renewable energy sources, and promoting the reuse and recycling of materials. This shift is driven both by regulatory pressures and growing consumer demand for sustainable products.

Workforce changes are also impacting the industry. There is a growing need for tech-savvy employees who can manage and utilize new technologies effectively. Consequently, firms are investing more in training and development programs to upskill their workforce.

In terms of forecasts, we can expect to see continued growth in digital transformation efforts, with more companies adopting AI and machine learning to optimize their supply chains. Additionally, the focus on sustainability is likely to intensify, driven by both consumer demand and governmental regulations. Overall, Merchant Wholesalers of Durable Goods are poised to leverage these trends for greater operational efficiency and market expansion.