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The global mining equipment market size was valued at USD 120.82 billion in 2017 and is anticipated to record a CAGR of 11.7% during the forecast period. Growing drilling and exploration activities across the globe are projected to drive the market over the coming years

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The global mining equipment market is segmented into four major segment named equipment, application and region. On the basis of equipment the mining equipment market is segmented into underground mining, surface mining, crushing, pulverizing, & screening, drills & breakers and others.

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ABMEC provides a means for its members to accomplish things collectively, that they could not do as effectively or efficiently working alone. In total, member companies represent over $1 billion worth of export mining equipment, with expertise in surface and underground mining of minerals, including coal, gypsum and potash.