Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Mining

Market Size & Industry Statistics

The total U.S. industry market size for Mining: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Mining market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The mining industry is currently facing numerous trends that are transforming the industry, especially as the world adapts to new technologies and changing socio-economic conditions. Some of these trends include:

1. Sustainable Mining: The mining industry is being faced with the pressure to be more sustainable. This calls for measures that reduce the industry's carbon footprint, promote environmental protection, and encourage the adoption of renewable energy sources.

2. Digitalization and Automation: The traditional mining methods are fast becoming irrelevant with increasing reliance on automation and digital technologies. This trend has moved from conventional manual processes to the use of remote-controlled equipment, data analytics, and autonomous systems.

3. Economic uncertainty: Driven by the COVID-19 pandemic, the industry is experiencing escalating economic uncertainty while facing the expectation of governments and companies to offer assistance and take responsibility for social and environmental issues.

4. Resource nationalism: More countries are adopting policies that prioritize local content and ownership of resources. This not only affects the supply chain of the industry but also influences the location of investment and future mining opportunities.

5. Shifting focus on battery metals and renewables: The global climate change debate has led to a shift towards renewable energy sources such as wind, solar, and battery metals usage. As such, these minerals are becoming increasingly crucial to the industry, which is rapidly reshaping the value chain.

In conclusion, these trends are significant and are redefining the industry, progressively leading to a more ethical, sustainable, and digitized future.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Mining company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Mining industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Mining measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers3%
Architecture and Engineering Occupations 7%
Office and Administrative Support Occupations 7%
Construction and Extraction Occupations 44%
Supervisors of Construction and Extraction Workers 7%
First-Line Supervisors of Construction Trades and Extraction Workers 7%
First-Line Supervisors of Construction Trades and Extraction Workers 7%
Construction Trades Workers 13%
Construction Equipment Operators 10%
Operating Engineers and Other Construction Equipment Operators 10%
Extraction Workers 26%
Surface Mining Machine Operators and Earth Drillers 10%
Excavating and Loading Machine and Dragline Operators, Surface Mining 9%
Underground Mining Machine Operators 12%
Continuous Mining Machine Operators 7%
Loading and Moving Machine Operators, Underground Mining 6%
Installation, Maintenance, and Repair Occupations 13%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 5%
Heavy Vehicle and Mobile Equipment Service Technicians and Mechanics 8%
Mobile Heavy Equipment Mechanics, Except Engines 8%
Other Installation, Maintenance, and Repair Occupations 6%
Production Occupations 10%
Other Production Occupations 7%
Transportation and Material Moving Occupations 13%
Motor Vehicle Operators 8%
Driver/Sales Workers and Truck Drivers 8%
Heavy and Tractor-Trailer Truck Drivers 8%
Source: Bureau of Labor Statistics

Mining Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Mining industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Mining industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Mining industry.

Government Contracts

In 2022, the federal government spent a total of $225,645,568 on Mining. It has awarded 607 contracts to 234 companies, with an average value of $964,297 per company.   

Most Recent Contracts Date Total Award Amount
124 Penndale Avenue
Claysburg, PA
Jun 30, 2023$77,355