NAICS 1153 - Support Activities for Forestry
This industry comprises establishments primarily engaged in performing particular support activities related to timber production, wood technology, forestry economics and marketing, and forest protection. These establishments may provide support activities for forestry, such as estimating timber, forest firefighting, forest pest control, and consulting on wood attributes and reforestation.
Industry trends:
The NAICS 1153 category, encompassing Support Activities for Forestry, is currently witnessing several qualitative trends that are reshaping the industry. One of the significant trends is increased investment in technology and automation. Advanced tools such as drones, Geographic Information Systems (GIS), and remote sensing technologies are being increasingly adopted to improve forest health monitoring, timber inventory management, and precise mapping of forest resources.
Another notable trend is the growing emphasis on sustainable forestry practices. There is heightened awareness and regulatory push towards sustainable forest management to combat climate change and preserve biodiversity. Companies in this sector are increasingly adopting practices that minimize environmental impact while promoting forest regeneration.
The industry is also experiencing a rise in collaborative public-private partnerships aimed at forest conservation and rehabilitation projects. Such initiatives are vital as they combine resources, knowledge, and expertise from multiple stakeholders to achieve environmental goals.
Looking ahead, the forecast for the near future suggests continued growth in the adoption of digital tools and sustainable practices. Demand for certified sustainable wood products is expected to rise, driven by consumer preferences and regulatory requirements. Furthermore, the increasing frequency of wildfires may spur more investment in forest fire prevention and management technologies.
This industry is comprised of:
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- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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