Roof Bolters Market By Type (Hand Held Roof Bolters, Track Carried Roof Bolters), By End-use Application (Mines, Tunnels, Underground Power Plants, Storage Facilities) - Growth, Future Prospects, And Competitive Analysis, 2018 - 2026

Market Excerpt

The market for roof bolters is expected to witness considerable growth with increasing investments in tunneling projects across the world.

The global market for roof bolters is expected to cross US$ 3,750.0 Mn in 2026 at a CAGR of 4.2% throughout the forecast period from 2018 to 2026, with a rising number of tunneling projects globally. Countries across the world are increasingly investing in tunnel projects in order to improve transportation links in major parts of the country. In addition, rising demand for commodity products is also steadily supporting mining operations globally. Stringent mining safety regulations are also forcing mine operators to use advanced mining equipment and solutions for better labor and mining safety.

Market Synopsis

Asia Pacific is the largest market for roof bolters, with increasing mining activities and tunneling projects.

The global market for roof bolters was led by Asia Pacific in 2018 and is expected to remain the largest regional market globally, with increasing tunneling projects in major countries and steady growth in mining operations. Rising infrastructure development in India, China, and Southeast Asia is increasing the demand for copper, coal, iron ore, and others. China is the single largest market for roof bolters in both Asia Pacific and the global market. China accounts for half of the global steel production, with 886 metric tonnes produced in 2018. Steady demand for steel in the domestic, as well as export markets is supporting the steel production industry in China.

India is the next major market for roof bolters, supported by the growing mining industry in the country. Rising infrastructure development in India is increasing the demand for cement and power in the country. This motivates domestic metal and mining operators to increase their production. In addition, the government introduced lucrative foreign direct investment (FDI) policies in order to encourage major foreign players in the mining industry to invest in India. The government of India aims to double its production capacity to 300 million metric tonnes by 2030. All these factors represent considerable growth potential in the Indian mining industry. This is expected to spur the demand for mining equipment, including roof bolters, in India.

The increasing number of tunneling projects in the Asia Pacific also represents a huge opportunity for roof bolter manufacturers and distributors in Asia Pacific. The region has the second-highest number of tunnel projects in the pipeline, with a total cost of $560 billion. In the pipeline, China planned to invest US$169 billion in tunnel projects. The Taiwan Strait Tunnel is the world's most valuable tunnel project, with an estimated cost of $80 billion for the Fuzhou-Taipei highway. Europe is expected to invest the most money in tunneling projects, totaling $575 billion. The United Kingdom alone is expected to invest $200 billion in tunnel-related projects, including plans to expand high-speed and cross-rail projects. Latin America and Africa are lucrative markets for roof bolters, with increasing mining activities in the region.

Mining is the largest application segment for roof bolters.

Roof bolters are widely used in mining, tunneling, underground power plants, and storage facilities. Mining is the largest end-use application segment for roof bolters. Mining applications are expected to remain the largest end-use category for roof bolters, with steadily increasing metal and mineral production globally. Tunneling is expected to witness the fastest growth as countries across the world invest in underground high-speed and metro rail projects.

Roof bolter manufacturers are focusing on introducing advanced solutions that speed up mine operations and meet safety regulations.

The global roof bolters market is dominated by some recognized mining equipment manufacturers. Manufacturers are focusing on introducing smarter machines, which help mine operators increase their mine operation speed. Recently, Sandvik introduced the DS422i cable roof bolter. This smart roof bolter provides ready data to mine operators about how and where bolts were installed and other key installation details. This helps mine operators by increasing productivity and reducing the need for unscheduled maintenance. Some major players in the global roof bolters market include Komatsu Ltd., Caterpillar Inc., Atlas Copco AB, Sandvik AB, MacLean Engineering, Eaton Corp., J.H. Fletcher & Co., Quarry Mining, Rambo, and others.

Why is it recommended to invest in our roof bolters market research study?

This research study on the roof bolters market includes an in-depth analysis of market dynamics and trends. The report also includes an exhaustive analysis of different types and their end-use applications. The report provides a detailed analysis of market drivers, restraints, and opportunities at the global level as well as in each region and country. The research study also provides quantitative and qualitative analysis for all the segments covered in the scope of the study. The report also includes a value chain analysis, market positioning of major players, and market attractiveness analysis, which helps readers design winning market strategies in competitive environments. This research study also profiles major players in the global roof bolters industry, including their business strategies, recent developments, financial overview, and product portfolio. The roof bolters market is segmented into the following categories:

Periods of History and Forecast

2016 is a Historic year.

2017: Base Year

2018-2026: Forecast Period (CAGR from 2018 to 2026)

Key questions are answered in this report.

  • What is the size of the global market for roof bolters?
  • What are the primary growth opportunities in the global roof bolters market?
  • Which market trends and dynamics are propelling the global roof bolters industry forward?
  • Who are the major players, and their market-winning strategies in the global roof bolters industry?
  • Which is the largest and most potential application segment for roof bolters?
  • Who are the major regional leaders?
  • Who are the major customers for roof bolters?

Frequently Asked Questions:

The market for Roof Bolters Market is expected to reach US$ 3,750.0 Mn in 2026.

The Roof Bolters Market is expected to see significant CAGR growth over the coming years, at 4.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Komatsu Ltd., Caterpillar Inc., Atlas Copco AB, Sandvik AB, MacLean Engineering, Eaton Corp., J.H. Fletcher & Co., Quarry Mining, Rambo are some of the major players in the global market.

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Published Date:  Jan 2019
Category:  Mining, Minerals and Metals
Report ID:   59558
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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