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Coal & Ore Wholesaling in the US - Market Research Report (2015-2030)

Gavin Ross Gavin Ross New York, United States Last Updated: May 2025 NAICS 42352

Revenue

$22.4bn

2025

$22.4bn

Past 5-Year Growth

Profit

$XXX.Xm

Employees

2,089

Businesses

242

Wages

$XXX.Xm

Coal & Ore Wholesaling in the US industry analysis

Over the five years to 2025, coal and ore wholesalers in the United States have experienced considerable industry change, spurred by evolving demand patterns and shifting product priorities. As domestic demand for steaming coal continued its steady decline, wholesalers have capitalized on rising commodity prices, especially for minerals and other ores tied to domestic manufacturing and increased global trade. The post-pandemic period brought volatility, but also unique opportunities as supply chain disruptions and overseas energy needs pushed prices higher, offsetting shrinking sales to US utilities. In this environment, revenue is estimated to increase at a CAGR of 4.0% to $22.4 billion over the five years to 2025, including an increase of 6.0% in 2025 alone. Companies responded by diversifying their offerings, building new international relationships, and investing in logistics to better meet changing market needs.

Trends and Insights

  • Coal and ore wholesalers have had to adapt rapidly to evolving energy markets and a steady decline in domestic coal demand. Their ability to diversify product offerings and build international networks has helped offset the challenges of reduced utility market share.
  • Tariffs on US thermal coal make shipments to China uncompetitive, forcing wholesalers to pivot to other Asian markets. However, weak international prices and competition from Australia limit alternative opportunities, pressuring profits.
  • The Southeast maintains a strategic advantage for wholesalers due to strong rail, port infrastructure and legacy utility demand. This network enables continued high-volume movement of commodities domestically and internationally even as energy markets shift.
  • Legal and financial barriers make it difficult for newcomers to enter a market dominated by established players. High start-up costs, regulatory complexity and capital requirements favor larger businesses and deter less experienced or undercapitalized competitors.
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 4.0 % over the past five years, to reach an estimated $22.4bn in 2025.

Trends and Insights

The continued decline of coal-fired power generation reshapes demand and industry priorities

  • Over the past five years, an ongoing wave of coal-fired power plant closures and the pivot to renewable energy and natural gas have caused a pronounced reduction in demand for thermal coal. As utilities decarbonize their fuel mixes, coal wholesalers contend with shrinking domestic markets and must reevaluate long-term business strategies.
  • Additional trends and insights available with purchase
Coal & Ore Wholesaling in the US
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

Declining domestic coal demand forces wholesalers to pursue new growth opportunities

  • Over the next five years, demand for steaming coal among US power generators is expected to fall sharply as natural gas and renewables dominate energy markets. Ongoing coal-fired power plant closures will continue to shrink the pool of traditional domestic customers, forcing coal wholesalers to explore new channels for growth.

Biggest companies in the Coal & Ore Wholesaling in the US

Company
Market Share (%)
2025
Revenue ($short_0)
2025
Profit ($short_0)
2025
Profit Margin (%)
2025

There are no companies that hold a large enough market share in the Coal & Ore Wholesaling in the US industry for IBISWorld to include in this product.

Products & Services Segmentation

Coal & Ore Wholesaling in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Steam coal products, Coking coal products and Other ores. Steam coal products is the largest segment of the Coal & Ore Wholesaling in the US.

Trends and Insights

Thermal coal demand continues to decline as the US shifts away from coal-fired power generation

  • Thermal coal, also known as steaming coal, is primarily used for electricity generation in coal-fired power plants. Once the dominant product for coal and ore wholesalers, demand for this product has declined sharply over recent decades as utilities increasingly transition to cleaner energy sources like natural gas, renewables and nuclear power.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry comprises establishments primarily engaged in wholesaling coal, coke, metal ores and some nonmetallic minerals (except precious and semiprecious stones and minerals used in construction, such as sand and gravel).

What's included in this industry?

Products and services covered in the Coal & Ore Wholesaling industry in the United States include Coal wholesaling, Coke wholesaling, Metallic concentrate wholesaling, Coal and coke fuel wholesaling, Minerals wholesaling, Ore concentrates wholesaling and Ore wholesaling.

Companies

Companies covered in the Coal & Ore Wholesaling industry in the United States include .

Purchase this report to view all major companies in this industry.

Related Terms

Related terms covered in the Coal & Ore Wholesaling industry in the United States include wholesale bypass, bituminous coal, coke and anthracite.

Industry Code

NAICS 2017

NAICS 42352 - Coal & Ore Wholesaling in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Coal and ore wholesalers have had to adapt rapidly to evolving energy markets and a steady decline in domestic coal demand. Their ability to diversify product offerings and b...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Tariffs on US thermal coal make shipments to China uncompetitive, forcing wholesalers to pivot to other Asian markets. However, weak international prices and competition from...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The Southeast maintains a strategic advantage for wholesalers due to strong rail, port infrastructure and legacy utility demand. This network enables continued high-volume mo...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each state in 2025
  • Number and share of revenue each state accounts for in 2025
  • Number and share of wages each state accounts for in 2025
  • Number and share of employees in each state in 2025

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Legal and financial barriers make it difficult for newcomers to enter a market dominated by established players. High start-up costs, regulatory complexity and capital requir...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

A combination of regional specialization and diverse customer needs prevents any one company from dominating the market. This fragmentation allows both smaller and mid-sized ...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025

Detailed analysis

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    US import tariffs and public grants help shield wholesalers from international competition and financial risk. These programs support pricing stability, industry employment, ...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

    • Regulation & Policy historical data and forecast (2015-2030) 
    • Assistance historical data and forecast (2015-2030) 

    Detailed analysis

    • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
    • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
    • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

    Financial Benchmarks

    View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

    Analyst insights

    Profitability remains vulnerable to supply chain shocks and sharp swings in commodity prices, with thin margins amplifying the impact on bottom-line results. Adapting quickly...

    In this chapter

    • Cost Structure
    • Financial Ratios
    • Key Ratios

    Key metrics

    • Profit margin, and how it compares to the sector-wide margin
    • Average wages, and how it compares to the sector-wide average wage
    • Largest cost component as a percentage of revenue
    • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

    Charts

    • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
    • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
    • Investment vs. share of economy

    Data tables

    • Industry Multiples (2018-2023)
    • Industry Tax Structure (2018-2023)
    • Income Statement (2018-2023)
    • Balance Sheet (2018-2023)
    • Liquidity Ratios (2018-2023)
    • Coverage Ratios (2018-2023)
    • Leverage Ratios  (2018-2023)
    • Operating Ratios (2018-2023)
    • Cash Flow & Debt Service Ratios (2015-2030)
    • Revenue per Employee (2015-2030)
    • Revenue per Enterprise (2015-2030)
    • Employees per Establishment (2015-2030)
    • Employees per Enterprise (2015-2030)
    • Average Wage (2015-2030)
    • Wages/Revenue (2015-2030)
    • Establishments per Enterprise (2015-2030)
    • IVA/Revenue (2015-2030)
    • Imports/Demand (2015-2030)
    • Exports/Revenue (2015-2030)

    Detailed analysis

    • Trends in the cost component for industry operators and their impact on industry costs and profitability 

    Key Statistics

    Industry Data

    Data Tables

    Including values and annual change:

    • Revenue (2015-2030)
    • IVA (2015-2030)
    • Establishments (2015-2030)
    • Enterprises (2015-2030)
    • Employment (2015-2030)
    • Exports (2015-2030)
    • Imports (2015-2030)
    • Wages (2015-2030)

    Top Questions Answered

    Unlock comprehensive answers and precise data upon purchase. View purchase options.

    What is the market size of the Coal & Ore Wholesaling industry in the United States in 2025?

    The market size of the Coal & Ore Wholesaling industry in the United States is $22.4bn in 2025.

    How many businesses are there in the Coal & Ore Wholesaling industry in the United States in 2025?

    There are 242 businesses in the Coal & Ore Wholesaling industry in the United States, which has declined at a CAGR of 3.1 % between 2020 and 2025.

    How may import tariffs affect the Coal & Ore Wholesaling industry in the United States?

    The Coal & Ore Wholesaling industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

    How may export tariffs affect the Coal & Ore Wholesaling industry in the United States?

    The Coal & Ore Wholesaling industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

    Has the Coal & Ore Wholesaling industry in the United States grown or declined over the past 5 years?

    The market size of the Coal & Ore Wholesaling industry in the United States has been growing at a CAGR of 4.0 % between 2020 and 2025.

    What is the forecast growth of the Coal & Ore Wholesaling industry in the United States over the next 5 years?

    Over the next five years, the Coal & Ore Wholesaling industry in the United States is expected to grow.

    What does the Coal & Ore Wholesaling industry in the United States include?

    Coal wholesaling and Coke wholesaling are part of the Coal & Ore Wholesaling industry in the United States.

    How competitive is the Coal & Ore Wholesaling industry in the United States?

    The level of competition is moderate and steady in the Coal & Ore Wholesaling industry in the United States.

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    Competitors

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    Methodology

    How are IBISWorld reports created?

    IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

    Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

    IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

    What data sources do IBISWorld analysts use?

    Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

    Key data sources in the US include: 

    • US Census Bureau
    • US Bureau of Labor Statistics
    • US International Trade Commission

    Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

    These sources include:

    • Industry and trade associations
    • Industry federations or regulators
    • Major industry players annual or quarterly filings

    Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

    How does IBISWorld forecast its data?

    IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

    IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

    Learn more about our methodology and data sourcing on the Help Center.

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