Coal Mining Market Characteristics
The coal mining market consists of sales of coal by entities (organizations, sole traders and partnerships) that mine bituminous coal, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. The coal mining industry also develops coal mine sites, and improves coal, including cleaning, washing, screening, and sizing of coal.
Competitive Landscape of the Coal Mining Market
Major players in the global coal mining market include coal India Limited, BHP Billiton Ltd, Rio Tinto Group, ShenHua Group, China Coal Energy Co Ltd.
Coal Mining Market Size
The coal mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the coal mining market is due to increase in electricity, steel and cement usage in rapidly developing countries such as China and India owing to rise in population and infrastructure.
However, the market for coal mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Coal Mining Market Segmentation
The global coal mining market is further segmented based on type and geography.
By Type - The coal mining market is segmented into bituminous coal and sub-bituminous coal.
By Geography - The global coal mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific coal mining market accounts the largest share in the global coal mining market.
Trends in the Coal Mining Market
Coal mining companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. 3D mine visualizers significantly enhance the productivity of large mining environments. Companies such as Sandvik and Komatsu are offering 3D visualizer systems to the coal mining industry.
Potential Opportunities in the Coal Mining Market
With increase in electricy, steel and cement production the scope and potential for the global coal mining market is expected to significantly rise in the forecast period.