Developing economies, with their rising need for energy, have fuelled the demand from the global coal mining market. Determining the expected growth of the coal mining market due to the rising demand for coal, the report projects market growth during the period between 2014 and 2020. Mentioning the current trends in the market along with the growth drivers and restraints, the report is a comprehensive analysis for existing players as well as new entrants in the coal mining market.
Using up-to-date and reliable research techniques, the report analyses the various factors affecting the coal mining market. Profiling the key market players and using analytical tools such as Porter’s five forces analysis and SWOT analysis, the report provides detailed information about the vendor landscape of the coal mining market.
Overview of the Coal Mining Market
As per data revealed by the World Coal Association, an industry body comprising of coal producers and coal stakeholders, the worldwide mining of hard coal has been estimated at 6185 million tons till January 2015. The report points that the increased usage of coal in electricity generation to cater to rising population will act as one of the major drivers for the growth of the global coal mining market. Rising demand for metallurgical coal from developing economies will further boost the coal mining market.
The report cautions that a surplus of coal supply due to increased coal mining will lead to a drop in coal prices. Transportation of coal from the mining sites requires huge investment; this could also be one of the restraints for the coal mining market. The report identifies that the advancement in technology used for coal mining will create opportunity for the coal mining market.
The global coal mining market has been segmented on the basis of type of coal. Anthracite coal, bituminous coal, and coking coal are classified as hard coal. More suitable for power generation and similar activities, coking coal is widely used in steel production, whereas brown coal, which includes sub-bituminous and lignite coal, is used for on-site fuel. Depending on the various mining methods, the report segments the global coal mining market into underground mining and surface mining (or opencast mining).
The report counts Asia Pacific as the largest coal-producing region in the world. Australia, China, India, and Indonesia are some the leading coal producers. Europe follows Asia Pacific as the second largest coal mining region.
Companies mentioned in the research report:
Describing the competitive scenario of the global coal mining market, the report lists the major competitors in the coal mining market: Arch Coal Inc., Cloud Peak Energy, CONSOL Energy Inc., Coal India Limited, and Peabody Energy Corporation. Most of these companies are multinational corporations with a strong global presence.
Market Segmentation on the basis of type of coal:
- Hard Coal
- Anthracite Coal
- Bituminous Coal
- Coking Coal
- Brown Coal
- Sub-bituminous Coal
- Lignite Coal
Market Segmentation on the basis of coal mining methods:
- Underground Mining
- Surface Mining
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments