Global Coal Mining - Industry Market Research Report

Global Coal Mining - Industry Market Research Report

Global Coal Mining

Coal mined by global coal mining companies plays a vital role in the world's ability to generate electricity and manufacture steel. Coal's position in global electricity markets stems from its relative accessibility, affordability and distribution across the globe. The world's largest coal producers are China, the United States and India, with these countries expected to retain their positions for the foreseeable future. Global coal mining revenue is a function of global production of coal mined products alongside global coal prices, with prices being closely tied to global economic conditions. Over the five years to 2023, prices of thermal and coking coal have fluctuated wildly. Nonetheless, IBISWorld projects industry revenue will swell at a CAGR of 14.5% to $2.0 trillion over the five years to 2023, despite an expected 4.4% drop in 2023 alone.

The Global Coal Mining industry mines various types of coal. Most coal mines consist of bituminous coal or anthracite, which are types of black coal. Operators may also mine lignite or brown coal. Mining occurs underground and in surface pits. Industry enterprises may also develop coal mine sites and prepare the coal for sale by washing, screening and sizing it.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market