NAICS Code 21311 - Support Activities for Mining

NAICS 21311 - Support Activities for Mining

NAICS 21 - Mining
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 213 - Support Activities for Mining
  NAICS 211 - Oil and Gas Extraction NAICS 212 - Mining (except Oil and Gas) NAICS 213 - Support Activities for Mining
  - NAICS 2131 - Support Activities for Mining
    NAICS 2131 - Support Activities for Mining
    - NAICS 21311 - Support Activities for Mining
      NAICS 21311 - Support Activities for Mining

This industry comprises establishments primarily engaged in providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Drilling, taking core samples, and making geological observations at prospective sites (except geophysical surveying and mapping) for minerals, on a contract or fee basis, is included in this industry.

Industry trends:

The NAICS 21311 industry, encompassing support activities for mining, has been undergoing significant shifts influenced by various factors. Key qualitative trends include increased emphasis on sustainability and environmental responsibility. Companies within this sector are adopting greener technologies and practices to reduce their carbon footprint and comply with stringent environmental regulations. This trend is expected to continue, driven by both regulatory pressures and growing corporate commitments to ESG (Environmental, Social, and Governance) principles.

Another notable trend is the integration of advanced technologies such as automation, artificial intelligence, and IoT (Internet of Things). These technologies are being deployed to enhance operational efficiency, improve safety, and lower operational costs. As the mining sector faces challenges such as labor shortages and fluctuating commodity prices, the adoption of digital solutions is likely to accelerate.

Additionally, there's a growing collaboration between mining companies and technology firms to develop innovative solutions tailored to the industry's unique needs. This partnership trend is anticipated to grow, fostering advancements in areas like predictive maintenance, resource exploration, and data analytics.

Looking ahead, the industry is likely to witness continued investment in sustainable practices and digital transformation. The focus on ESG will shape strategic decisions, with companies investing in renewable energy sources and circular economy initiatives. Technological advancements will further drive efficiencies, making the sector more resilient to market volatilities and external shocks.