$2.5tr
$XXX.Xbn
7m
8,071
$XXX.Xbn
Coal mined by global coal mining companies has played 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. China, Indonesia, the United States and India are the world's largest coal producers. These countries are expected to retain their positions in the foreseeable future. The pandemic caused revenue to dip as steel production and energy generation sunk. As the economy recovered, global coal prices spiked in 2021 and 2022, which allowed miners to benefit tremendously in revenue and profitability. Overall, industry revenue has grown at a CAGR of 26.4% over the past five years, revenue is set to expand 2.5% to $2.5 trillion in 2024.
Industry revenue has grown at a CAGR of 26.4 % over the past five years, to reach an estimated $2.5tr in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
China Shenhua Energy Company Limited | 13,161.8 | N/A | N/A | |
BHP Group Limited | 12,330.9 | N/A | N/A | |
Peabody Energy Corporation | 1,645.2 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Thermal coal , Thermal lignite coal and Coking coal. Thermal coal is the largest segment of the Global Coal Mining.
Thermal coal helps bring energy to developing countries
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.
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Coal mined by global mining companies plays a vital role in electricity generation and steel manufacturing. Despite environmental concerns, it remains one of the world's larg...
Learn about an industry's products and services, markets and trends in international trade.
Thermal coal continues to be the most popular type of coal because it is used to generate electricity. It has become a staple in developing countries, particularly China and ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
China is consolidating its coal industry into large, state-owned conglomerates to minimize fragmentation and boost capital for international stock offerings.China holds the di...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Global competition among coal miners is principally based on price when considering shipping costs, which usually favor producers closer to major markets. Other vital factors...
Learn about the performance of the top companies in the industry.
No single company has amassed at least 5.0% of the market. China Shenhua Energy Company Limited is one of the largest companies in the Global Coal Mining industry, however, t...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
All mining activities are impacted by environmental, health and safety, industrial and ancillary legislation. Greenpeace International, World Wildlife Fund Inc. and the Energ...
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Global coal mining profits have shot up rapidly after the pandemic. As the price of coal skyrocketed, miners were able to charge more, generating large profits.
Including values and annual change:
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The market size of the Global Coal Mining industry in Global is $2.5tr in 2024.
There are 8,071 businesses in the Global Coal Mining industry in Global, which has declined at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Global Coal Mining industry in Global has been growing at a CAGR of 26.4 % between 2019 and 2024.
Over the next five years, the Global Coal Mining industry in Global is expected to decline.
The biggest companies operating in the Global Coal Mining market in Global are China Shenhua Energy Company Limited, BHP Group Limited and Peabody Energy Corporation
Thermal coal mining and Coking coal mining are part of the Global Coal Mining industry.
The company holding the most market share in Global is China Shenhua Energy Company Limited.
The level of competition is moderate and increasing in the Global Coal Mining industry in Global.