Tools commonly used in the Race Tracks industry for day-to-day tasks and operations.

• Starting gates
• Timing systems
• Track maintenance equipment (e.g. tractors, mowers, rollers)
• Safety barriers and fencing
• Scoreboards and video screens
• Public address systems
• Ticketing and access control systems
• Lighting equipment
• Communication devices (e.g. radios, headsets)
• Racing flags and signage

Common products and services typical of NAICS Code 711212-03, illustrating the main business activities and contributions to the market.

• Horse racing tracks
• Automobile racing tracks
• Drag racing strips
• Kart racing tracks
• Dirt bike racing tracks
• Go-kart tracks
• Slot car racing tracks
• Greyhound racing tracks
• Speedway tracks
• BMX racing tracks

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Occupational Safety and Health Administration (OSHA) Certification: Required for employees who work with heavy machinery and equipment to ensure safety in the workplace. The certification is provided by the Occupational Safety and Health Administration (OSHA).
• Environmental Protection Agency (EPA) Certification: Required for facilities that handle hazardous waste to ensure compliance with environmental regulations. The certification is provided by the Environmental Protection Agency (EPA).
• National Thoroughbred Racing Association (NTRA) Safety and Integrity Alliance Accreditation: Voluntary accreditation program for racetracks that ensures the safety of horses and riders, as well as the integrity of the sport. The accreditation is provided by the National Thoroughbred Racing Association (NTRA).
• State Racing Commission License: Required for all individuals involved in horse racing, including jockeys, trainers, and owners. The license is provided by the State Racing Commission in each state.
• Alcohol and Tobacco Tax and Trade Bureau (TTB) Permit: Required for facilities that serve alcohol to ensure compliance with federal regulations. The permit is provided by the Alcohol and Tobacco Tax and Trade Bureau (TTB).

A concise historical narrative of NAICS Code 711212-03 covering global milestones and recent developments within the United States.

• The history of race tracks dates back to ancient times, where chariot races were held in Greece and Rome. In the 19th century, horse racing became popular in the United States, and the first race track was built in Long Island, New York in 1665. The first automobile race track was built in France in 1887, and the first oval track was built in the United States in 1915. In the 1950s, NASCAR was founded, and stock car racing became popular. In recent years, race tracks have seen advancements in technology, safety, and sustainability. For example, the Daytona International Speedway underwent a $400 million renovation in 2016, which included the installation of 5,000 solar panels and 40 escalators. Additionally, the use of electric and hybrid race cars has become more prevalent, with Formula E being the first all-electric racing series in the world. In the United States, the race track industry has faced challenges in recent years due to declining attendance and competition from other forms of entertainment. However, some race tracks have adapted by hosting events such as music festivals and food truck rallies to attract a wider audience. Additionally, the COVID-19 pandemic has had a significant impact on the industry, with many race tracks temporarily closing or hosting events without spectators. Despite these challenges, the race track industry remains an important part of American culture and continues to evolve with the times.

The anticipated future trajectory of the NAICS 711212-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Race Tracks industry in the USA is positive, with a projected growth rate of 2.5% over the next five years. The industry is expected to benefit from the increasing popularity of motorsports and the growing demand for entertainment experiences. Additionally, the industry is likely to benefit from the increasing use of technology in the sector, such as the use of virtual reality and augmented reality to enhance the fan experience. However, the industry may face challenges from the increasing competition from other forms of entertainment and the rising costs of maintaining and upgrading facilities.

Recent groundbreaking advancements and milestones in the Race Tracks industry, reflecting notable innovations that have reshaped its landscape.

• Virtual Reality Experiences: Race tracks are increasingly using virtual reality technology to provide fans with immersive experiences, allowing them to experience the thrill of racing from the comfort of their own homes.
• Sustainable Practices: Many race tracks are adopting sustainable practices, such as using renewable energy sources and reducing waste, to reduce their environmental impact.
• Fan Engagement Initiatives: Race tracks are implementing various initiatives to engage fans, such as offering behind-the-scenes tours, meet-and-greets with drivers, and interactive exhibits.
• Safety Improvements: Race tracks are investing in safety improvements, such as the installation of new barriers and the implementation of new safety protocols, to ensure the safety of drivers and fans.
• Digital Ticketing: Many race tracks are adopting digital ticketing systems, which allow fans to purchase tickets online and receive them electronically, reducing the need for paper tickets and streamlining the ticketing process.