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 rising number of tunneling projects globally. Countries across the world are increasingly investing in tunnel projects in order to improve transportation link in major parts of the county. In addition, rising demand for commodity products also steadily supporting the mining operations globally. Stringent mining safety regulations also forcing mine operators to use advance mining equipment and solutions for better labor and mining safety.

"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 expected to remain 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 increasing the demand for copper, coal, iron ore and others. China is individual largest market for roof bolters in Asia Pacific as well as in the global market. China accounts for half of the global steel production and produced 886 metric ton of steel in 2018.  Steady demand for steel in domestic as well as export market is supporting the steel production industry in China. India is next major market for roof bolters supported by growing mining industry in the country. Rising infrastructure development in India, increasing the demand for cement and power in the country. This is motivating domestic metal and mining operators increase their production. In addition, government introduced lucrative foreign direct investment (FDI) policies in order to encourage major foreign players mining industry to invest in the India. The government of India aims to double its production capacity to 300 million tonnes by 2033. All these factor represent considerable growth potential in the Indian mining industry. This is expected to spur the demand for mining equipment including roof bolters in India.

Increasing number of tunneling projects in Asia Pacific also represents huge opportunity for roof bolters manufacturers and distributors in Asia Pacific. The region represents second largest in number of tunnel projects in pipeline with project costs valued at US$ 560 Billion.  China planned to invest US$ 169 Bn in tunnel project in pipeline. Taiwan Strait tunnel is the world’s highest valued tunnel project of US$ 80 Bn planned on Fuzhou to Taipei highway. Europe expected invest highest amount of US$ 575 Bn in its projected tunneling projects.  UK alone is expected to invest US$ 200 Bn in tunnel related projects with it plan to expand high speed and cross rail projects. Latin America and Africa are lucrative markets for roof bolter with increasing mining activities in the region.

"Mining is the largest application segment for roof bolter"

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 application expected to remain the largest end-use category for roof bolters with steadily increasing metal and minerals production globally. Tunneling is expected to witness the fastest growth as countries across the world are investing in underground high speed and metro rail projects.  

"Roof bolter manufacturers are focusing on introducing advance solutions which speed up mine operations and meet safety regulations"

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

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

This research study on roof bolters market includes in-depth analysis of market dynamics and trends. The report also includes exhaustive analysis of different types and their end-use applications. The report provides detailed analysis of market drivers, restraints and opportunities in the global 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 value chain analysis, market positioning of major players and market attractiveness analysis which helps readers in designing their market winning 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.-

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Roof Bolters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Roof Bolters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Roof Bolters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Roof Bolters market?
• Which is the largest regional market for Roof Bolters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Roof Bolters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Roof Bolters market worldwide?