Coal Mining Industry - Regional Synopsis
Regionally, the global coal mining market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Asia Pacific industry is poised to account for largest revenue share by 2037, on the back of presence of the two largest coal-consuming nations which are, China and India. It is estimated that China consumes around 54% and India consumes 12% of the overall coal produced in the world. These nations are developing economies where industrialization is occurring at a rapid rate. Such factors are anticipated to promote the growth of the market in the region.
Furthermore, the global coal mining market in North America region is also estimated to grow remarkably owing to the increased usage of coal in industrial, transportation, commercial, and residential sectors. Furthermore, coal is also required for seamless transportation, and US and Canada are flourishing economies, which is the reason the global market is estimated to grow over the forecast period.
