NAICS Code 711212-03 - Race Tracks

Marketing Level - NAICS 8-Digit

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NAICS Code 711212-03 Description (8-Digit)

The Race Tracks industry, a subdivision of the NAICS Code 711212, involves the operation of facilities that host horse or automobile racing events. These facilities can be indoor or outdoor and can vary in size and capacity. The industry includes the management of the tracks, as well as the provision of amenities such as seating, concessions, and parking.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 711212 page

Tools

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

Industry Examples of Race Tracks

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

History

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.