Global Coal Mining Market: Overview
Coal has been an essential source of energy for several decades. Currently, coal is frequently used to generate electricity, cement manufacturing, steel production, and as a liquid fuel. Steam coal, which is also known as thermal coal, is mainly used for power generation. As per a report by the World Coal Association, which is an industry body incorporating coal producers and coal stakeholders, the mining of hard coal across the world has been estimated at 6185 million tons until January 2015. With constantly mounting world population, the demand for coal is escalating and as a result, the market for coal mining is expected to expand at a healthy CAGR during the forecast period of 2016 to 2024.
This report on global coal mining market is a comprehensive study, which has been developed to serve as an aid for the players in making more informed choices. The report contains in-depth analysis of all the factors that are expected to influence the market during the forecast period, favorably or negatively, and also profiles some of the key companies currently active, for their market share, capacity, and margin. The report also segments the global coal mining market on the basis of type of coal, type of mining, and geography. By type of coal, the market has been divided into anthracite coal, bituminous coal, and coking coal or hard coal. Coking coal is more suitable for power generation, and now is being widely used in steel production. On the other hand, brown coal is a combination of sub-bituminous and lignite coal, and is more preferred on-site fuel. Depending on numerous mining methods, the report studies the segments of underground mining and surface mining, which is also known as opencast mining. Geographically, the report segments the market into the regions of North America, Europe, Asia Pacific, and rest of the world. The revenue available and growth rate for each of these regions has been provided in the report.
Global Coal Mining Market: Trends and Opportunities
Besides growing population, which requires coal for various purposes, the report credits electricity generation as the most important use of coal across the globe. This is owing to its relatively easy accessibility, affordability, and distribution. Following the recession, the global thermal and metallurgical coal prices recovered rapidly due to the demand for electricity generation, especially in the developing economies. Conversely, environmental concerns surrounding coal-generated power is the primary factor that may hinder the growth rate during the forecast period. Through to 2024, demand for coal is expected to be moderate, gaining from developing nations who continue to expand their infrastructures to supply populations with reliable and affordable electricity.
Global Coal Mining Market: Region-wise Outlook
The report credits Asia Pacific as the most lucrative market for coal mining. Developing countries such as India and China are home for a significant chunk of population and heavily depend on coal for energy and other purposes. Australia is one of the premier producer of coal and mining industry is thriving in the country. Europe currently accounts for the second most bankable regional market for coal mining, although developed nations in North America have shifted to other sources of energy over the past decade and hence, the demand is expected to remain modetate.
Companies mentioned in the research report
Arch Coal Inc., CONSOL Energy Inc., Cloud Peak Energy, Coal India Limited, and Peabody Energy Corporation are identified the the report as some of the most prominent companies currently operational in global coal mining market. Most of these companies are multinational corporations with a strong global presence, negating the opportunities for newer players.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.