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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Coal Mining Market Size
The global coal mining market value reached approximately USD 648.04 billion in 2023. The market is projected to grow at a CAGR of 2.6% between 2024 and 2032, reaching a value of USD 795.76 billion by 2032.
| Global Coal Mining Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 648.04 |
| Market Size 2032 | USD Billion | 795.76 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 2.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 3.4% |
| CAGR 2024-2032 - Market by Country | India | 3.9% |
| CAGR 2024-2032 - Market by Country | China | 3.2% |
| CAGR 2024-2032 - Market by Method | Surface Mining | 2.9% |
| CAGR 2024-2032 - Market by Application | Steel Manufacturing | 2.9% |
| Market Share by Country 2023 | China | 16.9% |
Coal Mining Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached a value of approximately USD 648.04 billion in 2023.
The market is estimated to grow at a CAGR of 2.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 795.76 billion by 2032.
The major market drivers include increased investments by the key market players towards the development of equipment to reduce environmental impact and rising demand for coal from the residential and industrial sectors.
The key trends fuelling the growth of the market include expansion of the construction sector and rising adoption of novel technologies for coal mining.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the application, the market is divided into thermal power generation, steel manufacturing, and cement manufacturing, among others.
The market key players are Glencore plc, BHP Group Limited, China Shenhua Energy Company Limited, Coal India Limited, Yankuang Energy Group Company Limited, Anglo American Plc, NTPC Limited, Yancoal Australia Ltd., Consol Energy Inc., and Peabody Energy, Inc., among others.
The market is categorised according to the method, which includes surface mining and underground mining.
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