Rising drilling and exploration activities globally are expected to provide an impetus to industry growth. The Global Mining Equipment Market size is expected to reach USD 128.39 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.5% during the forecast period. Increasing demand for resources in the mining sector has encouraged players in the sector to adopt technologies and procedures that streamline every step of the exploration process. This need has enabled mining companies to roll out automated equipment including drillers, excavators, and trucks to boost efficiency while reducing need for human intervention. Increasing product launches and focus on automation is expected to offer new growth avenues in the mining sector. These new product launches and automation technologies have the potential to transform daily operations and optimize returns on mining assets. Furthermore, favorable government initiatives such as fiscal incentive