On the back of positive and strong economic growth outturns in both advanced as well as emerging market and developing economies (EMDE), the World Bank (World Bank, 2018) reports that global output expanded by 3.0 per cent in 2017. This represents an improvement of 0.6 percentage point over the preceding year’s growth rate of 2.4 per cent and the largest broadbased growth since 2010. The modest acceleration in global economic activities was driven largely by growth in trade, investments and manufacturing.

Mining is the process of extracting coal, metals, minerals, water, oil, and others from the earth. Based on application, the market is segmented into metal mining, mineral mining, and coal mining. Various types of mining equipment included in the report are mineral processing equipment, surface mining equipment, underground mining equipment, mining drills & breakers, crushing, pulverizing, & screening equipment, and others. Products covered under each type are as follows