NAICS 42349 - Other Professional Equipment and Supplies Merchant Wholesalers
This industry comprises establishments primarily engaged in the merchant wholesale distribution of professional equipment and supplies (except ophthalmic goods and medical, dental, and hospital equipment and supplies).
Industry trends:
The Other Professional Equipment and Supplies Merchant Wholesalers industry, categorized under NAICS 42349, is experiencing several key qualitative trends. One notable trend is the increasing adoption of digital technologies and e-commerce platforms. Wholesalers are leveraging online marketplaces and digital tools to streamline operations and improve customer service. This shift is driven by the need for efficiency and the growing demand from customers for quick and easy access to products.
Another trend is the heightened focus on sustainability and eco-friendly products. Companies in this sector are increasingly offering products that meet environmentally friendly standards, as clients become more conscious of their carbon footprint and seek to align with green practices. This includes reusable, recyclable, and energy-efficient equipment.
Additionally, there's a growing trend towards customization and specialization. Wholesalers are differentiating themselves by offering tailored solutions that meet specific professional needs. This includes bespoke medical supplies, customized educational equipment, and specialized scientific instruments.
For the near future, the industry is expected to see continued digital integration, with advances in AI and automation enhancing supply chain efficiencies. The focus on sustainability will likely drive innovation in product offerings and packaging. Additionally, the demand for personalized and specialized equipment is projected to grow, as industries like healthcare and education look for more targeted solutions to meet their unique requirements.
This industry is comprised of:
Analytical instruments (e.g., chromatographic, photometers, spectrographs) merchant wholesalers
Architect's equipment and supplies merchant wholesalers
Balances and scales, laboratory (except dental, medical), merchant wholesalers
Blackboards merchant wholesalers
Church supplies (except plated ware, silverware) merchant wholesalers
Drafting instruments merchant wholesalers
Drafting tables merchant wholesalers
Engineers' equipment and supplies merchant wholesalers
Instruments, professional and scientific, merchant wholesalers
Laboratory equipment (except dental, medical, ophthalmic) merchant wholesalers
Professional equipment and supplies (except dental, medical, ophthalmic) merchant wholesalers
Professional instruments merchant wholesalers
Religious supplies merchant wholesalers
School equipment and supplies (except books, furniture) merchant wholesalers
Scientific instruments merchant wholesalers
Scientific laboratory equipment merchant wholesalers
Surveying equipment and supplies merchant wholesalers
Teaching machines (except computers), electronic, merchant wholesalers
Veterinarians' equipment and supplies merchant wholesalers
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.