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Mining in the US Industry Data and Analysis
Oil and gas activities generate an overwhelming share of sector revenue and tend to dictate the performance of the entire sector. In recent years, domestic producers have begun adopting hydraulic fracturing and directional drilling techniques, which has enabled the US to become a world-class energy producer. Energy exports have also significantly boosted miners’ performance, as the US remains the world's largest gas exporter. The period started off hot as the economy recovered, prices surged, bolstering sector-wide revenue and profitability. Nonetheless, prices eventually fell back, leading to revenue contraction toward the end of the period. Overall, sector-wide revenue has pushed down at a CAGR of 1.2% through 2026, reaching $686.1 billion, including a 5.2% dip in 2026 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Mining industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Mining industry in the United States operates under the NAICS industry code 21. Mining includes the extraction of minerals occurring naturally; solids, including coal and ores; liquids, like crude petroleum; and gases, like natural gas. It also includes quarrying, well operations, milling (e.g., crushing, screening, washing and flotation) and other preparations undertaken at the mine site or as a part of mining activity. The exploration and development of mineral properties are also included. Related terms covered in the Mining industry in the United States include coke, metallurgical coal, thermal coal, ethanol, organization of petroleum exporting countries (opec), aggregate and crushed stone.
What's included in this industry?
Products and services covered in Mining industry in the United States include Oil and gas extraction, Oil and gas field services and Coal mining.
What companies are included in this industry?
Companies covered in the Mining industry in the United States include Exxon Mobil Corporation, Bp Plc and Conocophillips Co.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Mining industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Mining industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Mining industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Mining industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Mining industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Mining industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Mining industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Mining industry in the United States.
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Frequently Asked Questions
What is the market size of the Mining industry in the United States in 2026?
The market size of the Mining industry in the United States is $686.6bn in 2026.
How many businesses are there in the Mining industry in the United States in 2026?
There are 77,270 businesses in the Mining industry in the United States, which has declined at a CAGR of 2.1 % between 2021 and 2026.
How may import tariffs affect the Mining industry in the United States?
The Mining industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Mining industry in the United States?
The Mining industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Mining industry in the United States grown or declined over the past 5 years?
The market size of the Mining industry in the United States has been declining at a CAGR of 1.2 % between 2021 and 2026.
What is the forecast growth of the Mining industry in the United States over the next 5 years?
Over the next five years, the Mining industry in the United States is expected to decline.
What are the biggest companies in the Mining industry in the United States?
The biggest companies operating in the Mining industry in the United States are Exxon Mobil Corporation, Bp Plc and Conocophillips Co
What does the Mining industry in the United States include?
Oil and gas extraction and Coal mining are part of the Mining industry in the United States.
Which companies have the highest market share in the Mining industry in the United States?
The company holding the most market share in the Mining industry in the United States is Exxon Mobil Corporation.
How competitive is the Mining industry in the United States?
The level of competition is high and steady in the Mining industry in the United States.
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