Major Group SIC 52 - Building Materials, Hardware, Garden Su...

SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers

SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes retail establishments primarily engaged in selling lumber and other building materials; paint, glass, and wallpaper; hardware; nursery stock; lawn and garden supplies; and mobile homes. It includes lumber and other building materials dealers and paint, glass, and wallpaper stores selling to the general public, even if sales to construction contractors account for a larger proportion of total sales. These establishments are known as retail in the trade. Establishments primarily selling these products for use exclusively by businesses or to other wholesalers are classified in Wholesale Trade.

Establishments primarily selling plumbing, heating, and air-conditioning equipment and electrical supplies are classified in Wholesale Trade.

Industry trends:

The finance and insurance sector (NAICS 52) is experiencing substantial qualitative trends that are reshaping the industry landscape. A significant trend is the accelerated adoption of digital technologies. Fintech innovations, including blockchain, artificial intelligence, and big data analytics, are revolutionizing financial services, streamlining operations, and enhancing customer experiences. Insurtech is similarly bringing advancements in underwriting, claims processing, and risk management.

Another emerging trend is the increasing emphasis on sustainability and ESG (Environmental, Social, and Governance) criteria. Financial institutions are incorporating ESG factors into their investment strategies and lending practices, driven by stakeholder expectations and regulatory pressures. This shift is fostering the development of green finance products and sustainable insurance solutions.

Customer-centricity remains a focal point, with a push towards personalized financial products and services. Firms are leveraging data analytics to gain insights into customer behaviors and preferences, creating customized offerings that enhance loyalty and satisfaction.

Regulatory developments also play a crucial role, as financial institutions navigate complex compliance landscapes. Heightened scrutiny on data privacy, cybersecurity, and anti-money laundering measures are prompting firms to invest in robust compliance frameworks and technologies.

Looking ahead, the finance and insurance sector is expected to see continued growth in digital transformation, further integration of ESG principles, and enhanced regulatory compliance. As technological advancements and customer expectations evolve, firms that adapt swiftly will likely gain competitive advantages and drive future success.

This industry is comprised of:

SIC 521 - Lumber And Other Building Materials Dealers

SIC 523 - Paint, Glass And Wallpaper Stores

SIC 525 - Hardware Stores

SIC 526 - Retail Nurseries, Lawn And Garden Supply Stores

SIC 527 - Mobile Home Dealers

Explore related industries:

SIC 24 - Lumber And Wood Products, Except Furniture SIC 53 - General Merchandise Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores

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