Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $18.2bn in 2025.
Trends and Insights
Varying levels of mining activity have shaped contract mining service providers’ revenue
- Soaring energy prices have supported demand for contract mining services from coal miners and oil and gas companies. Global energy prices skyrocketed on the back of volatile supply conditions caused by sanctions on Russian producers of natural gas following the country's invasion of Ukraine. Since 2020-21, natural gas has appreciated 153.1%, while steaming coal has swelled 154.8%.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Recovering mining activity will strengthen demand for contract mining services
- Improved mining conditions, including recovering capital expenditure on mining and a swelling base metals price index, will benefit contract mining service providers. These improving conditions will come from demand growth in Asian countries, particularly battery makers out of China buying lithium, and Malaysia's mounting demand for copper following investment from manufacturing firms in nearby countries.
Biggest companies in the Contract Mining Services in Australia
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
HOCHTIEF Australia | 4,941.6 | |
Byrnecut Group | 2,412.9 | |
Macmahon Holdings | 2,115.5 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Surface contract mining, Underground contract mining and Mining support. Surface contract mining is the largest segment of the Contract Mining Services in Australia.
Trends and Insights
Growth in iron ore output has supported demand for surface contract mining
- Surface mining techniques like open-cut and strip mining are employed to extract coal and iron ore, two of Australia's largest commodities by volume. These methods are particularly effective for mining resources near the earth's surface.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Industry firms carry out core stages of a mining operation as third parties on a fee or contract basis. Contract miners supply both machinery and skilled employees to undertake mineral and resource extraction activities at Australian mining sites.
What's included in this industry?
Surface contract mining servicesUnderground contract mining servicesOil and gas extraction on a contract basisCompanies
HOCHTIEF AustraliaByrnecut GroupMacmahon HoldingsPurchase this report to view all 5 major companies in this industry.
Related Terms
OPEN-CUT MININGOVERBURDENSURFACE MININGHIGHWALLIndustry Code
ANZSIC B - Contract Mining Services in Australia
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
Global commodity markets have displayed significant volatility in recent years. Some minerals, like iron, have fallen in price, whereas prices for natural gas and steaming co...
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
Growth in gold and coal prices has supported demand for contract mining services. However, construction activity in China has faced some headwinds, pushing down demand from i...
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
Western Australia is home to a significant portion of Australian mining activity, with most iron ore, nickel and lithium production occurring in the state. Contract mining se...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Geographic spread of the industry across Asia Pacific, 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
Larger companies are well placed to win contracts because of their broad service offerings. Some major service providers have expanded their range of services through acquisi...
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
Prominent players have expanded their market shares through acquisitions. This strategy has helped companies secure a pipeline of long-term contracts and diversify their serv...
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
- Overview of HOCHTIEF Australia's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Byrnecut Group's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Macmahon Holdings's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for HOCHTIEF Australia, and factors influencing its performance in the industry
- Description and key data for Byrnecut Group, and factors influencing its performance in the industry
- Description and key data for Macmahon Holdings, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Actual capital expenditure on mining has taken a hit, reducing revenue for the Contract Mining Services industry. The reliance on the domestic mining sector is less important...
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
Intense competition among the larger firms to win contacts has weighed on profit margins. Contract miners have also faced competition from mining firms opting to perform oper...
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
- 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 Contract Mining Services industry in Australia in 2025?
The market size of the Contract Mining Services industry in Australia is $18.2bn in 2025.
How many businesses are there in the Contract Mining Services in Australia industry in 2025?
There are 179 businesses in the Contract Mining Services industry in Australia, which has declined at a CAGR of 3.1 % between 2020 and 2025.
Has the Contract Mining Services industry in Australia grown or declined over the past 5 years?
The market size of the Contract Mining Services industry in Australia has been growing at a CAGR of 0.7 % between 2020 and 2025.
What is the forecast growth of the Contract Mining Services industry in Australia over the next 5 years?
Over the next five years, the Contract Mining Services industry in Australia is expected to grow.
What are the biggest companies in the Contract Mining Services market in Australia?
The biggest companies operating in the Contract Mining Services market in Australia are HOCHTIEF Australia, Byrnecut Group and Macmahon Holdings
What does the Contract Mining Services in Australia include?
Surface contract mining services and Underground contract mining services are part of the Contract Mining Services industry.
Which companies have the highest market share in the Contract Mining Services in Australia?
The company holding the most market share in Australia is HOCHTIEF Australia.
How competitive is the Contract Mining Services industry in Australia?
The level of competition is high and steady in the Contract Mining Services industry in Australia.
Related Industries
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Competitors
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Complementors
International industries
View all industries in Australia
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 Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments 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.
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