In 2023, the business enterprise R&D expenditure in mining and quarrying in the US stood at $2.94 billion. The forecast for 2024 to 2028 shows a steady annual increase, with values projected at $2.99 billion in 2024 and reaching $3.19 billion by 2028. This depicts a consistent growth trajectory with an approximate compound annual growth rate (CAGR) of 1.64%. Year-on-year changes exhibit a uniform rise of approximately 1.67% to 1.65% over successive years from 2024 onward.
Future trends to watch include increased automation and digitalization in the sector, shift towards sustainable and eco-friendly mining practices, and potential impacts of regulatory changes on R&D expenditure levels.
