NAICS 2121 - Coal Mining
This industry comprises establishments primarily engaged in one or more of the following: (1) mining bituminous coal, anthracite, and lignite by underground mining, auger mining, strip mining, culm bank mining, and other surface mining; (2) developing coal mine sites; and (3) beneficiating (i.e., preparing) coal (e.g., cleaning, washing, screening, and sizing coal).
Industry trends:
The cigar industry, classified under NAICS 2121, is experiencing several qualitative trends that are shaping its market landscape. One significant trend is the increasing preference for premium and hand-rolled cigars. Consumers are showing a growing interest in high-quality, handcrafted products, driving demand for artisanal and luxury cigars. This shift is largely attributed to a rising middle class in emerging economies and a revived cultural appreciation for fine tobacco.
Another notable trend is the diversification of flavor profiles. There is a burgeoning demand for flavor-infused cigars, which appeal to both traditional aficionados and new entrants to the cigar-smoking demographic. This trend is likely to continue as manufacturers experiment with varied flavors such as coffee, vanilla, and cognac, catering to changing consumer tastes.
The digital revolution is also impacting the cigar industry. E-commerce platforms and social media have become crucial for marketing and sales, allowing brands to reach a global audience. Virtual cigar lounges and online communities are fostering a deeper connection between brands and consumers, enhancing brand loyalty.
Regulatory changes and public smoking bans present ongoing challenges, yet the industry is adapting with smokeless alternatives and focusing on private smoking environments. In the near future, expect to see continued innovation in cigar production and marketing, as well as growing niche markets catering to both traditional and modern cigar aficionados.
This industry is comprised of:
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.