The final consumption of hard coal in the UK's transport equipment sector is projected to steadily decline from 2024 to 2028. The sector is expected to decrease from 37.01 thousand metric tons in 2024 to 29.34 thousand metric tons in 2028. In 2023, the usage stood higher, reflecting an ongoing downward trend evident in recent years. Year-on-year, this represents continual decreases, indicative of a significant structural shift within the industry. Over the past five years, the Compound Annual Growth Rate (CAGR) showcases a consistent reduction in coal usage.
Future trends to watch for include:
- Technological advancements in alternative energy sources and transport modalities.
- Stricter environmental regulations further reducing coal dependency.
- Potential economic and policy shifts that could accelerate the transition away from coal.
