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Coal Mining Market

Segmentation by Type (Bituminous Coal, Sub-Bituminous Coal, Lignite, and Anthracite); by Mining Technology (Surface Mining, Mountain Removal Mining, Open-pit Mining, and Others); and by Application (Thermal Power Generation, Steel Manufacturing, and Cement Manufacturing) – Global Demand Analysis & Opportunity Outlook 2031

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Report ID: 4094 | Published On: Feb 01, 2023
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Global Coal Mining Market Regional Synopsis

Regionally, the global coal mining market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the presence of the two largest coal-consuming nations which are, China and India. It is estimated that China consumes around 54% and India consumes 12% of the overall coal produced in the world. These nations are developing economies where industrialization is occurring at a rapid rate. Such factors are anticipated to promote the growth of the market in the region.

Furthermore, the global coal mining market in North America region is also estimated to grow remarkably owing to the increased usage of coal in industrial, transportation, commercial, and residential sectors. Furthermore, coal is also required for seamless transportation, and US and Canada are flourishing economies, which is the reason the global coal mining market is estimated to grow over the forecast period.

Coal Mining Market Share

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The global coal mining market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 


Coal Mining Market
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Major Macro-Economic Indicators Impacting the Market Growth
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Major Macro-Economic Indicators Impacting the Market Growth

In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.


Market Segmentation 

Our in-depth analysis of the global coal mining market includes the following segments:  

By Type 

  • Bituminous Coal
  • Sub-Bituminous Coal
  • Lignite
  • Anthracite

By Mining Technology  

  • Surface Mining
  • Mountain Removal Mining
  • Open-Pit Mining
  • Others 

By Application

  • Thermal Power Generation
  • Steel Manufacturing
  • Cement Manufacturing

Growth Drivers 

  • Increasing Demand for Electricity
  • Growing Industrialization across the Globe
  • High Use of Coal in Steel Manufacturing

Challenges 

  • Increasing Issue of Global Warming


Major Macro-Economic Indicators Impacting the Market Growth
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Top Featured Companies Dominating the Market 

    • CEZ, a.s.
      • Company Overview 
      • Business Strategy 
      • Key Product Offerings 
      • Financial Performance 
      • Key Performance Indicators 
      • Risk Analysis 
      • Recent Development 
      • Regional Presence 
      • SWOT Analysis 
    • Teck Resources Limited
    • Sasol Limited
    • Shaanxi Coal and Chemical Industry Group Co. Ltd.
    • Anglo American plc.
    • Rio Tinto Groupe
    • China Shenhua Energy Company Limited
    • BHP Group Limited 
    • Tokyo Electric Power Company Holdings, Inc
    • Yancoal Australia Limited

In The News

  • November 19, 2021- China Shenhua and Liaoning Energy Investment Corporation are joining hands to revitalize energy sector in Northeast China.

  • June 21, 2020- The Shaanxi Railway logistic has set up the world's first 660MW ultra-supercritical CFB power generation project, in Binchang mining area of ShaanMei Group.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the coal mining market?

Ans: The major factors driving the growth of the global coal mining market are the increased production of electricity and steel.

2) What would be the CAGR of coal mining market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 - 2031.

5) Who are the major players dominating the coal mining market?

Ans: The major players in the market are Shaanxi Coal and Chemical Industry Group Co. Ltd., Anglo American plc., and China Shenhua Energy Company Limited.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the coal mining market?

Ans: The market is segmented by type, mining technology, application and by region.

8) Which sub-segment captures the largest market size in the application segment in the coal mining market?

Ans: The thermal power generation segment is anticipated to hold the largest market size in value and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: Increasing concerns for global warming is estimated to hamper market growth.

8) Which region will provide more business opportunities for the growth of the coal mining market in the future?

Ans: The Asia Pacific region is estimated to provide more business opportunities for the growth of global coal mining market, on account of the rapid industrialisation.

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