Roof Bolters Market – Growth, Size, Share, Forecast, industry Analysis 2016 – 2026

December 27, 2019 (prsubmission) – According to a new market report published by Credence Research Inc “Roof Bolters Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026,” the global market for roof bolters is expected to witness considerable growth with steady retrieval in the mining activities due improving economic conditions and continuing recovery in commodity prices. In addition, increasing number of tunnel project across the globe is also expected spur the demand for roof bolters market. Moreover, introduction of stringent safety regulations in mining and tunneling projects   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.

Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/roof-bolters-market

Track mounted roof bolters is the largest product and is expected to remain the largest product category throughout the forecast period. This segment is also expected to be the most attractive product type category with continuous mining automation, especially in emerging markets in Asia-Pacific, Africa and Latin America.

Mining operators are increasingly investing in advanced machinery in order to automate mining operations and comply with the mandatory health and safety guidelines established by governments in their respective countries. Currently, single boom roof bolters are the dominant product category of track mounted roof bolters. Double-boom roof bolters, however, are projected to see significant growth with a growing need for increased productivity.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59558

Mining is the main application category for roof bolts. Increasing demand for mineral goods motivates mine operators to increase their output by investing in advanced mining equipment. In the near future, this fuels the market for track-mounted roof bolters. Tunneling is the most desirable segment for roof bolters, with countries all over the world investing heavily in road, highway and underground rail projects.

North America accounted for the largest revenue share in the global market for roof bolters by area in 2017. Asia Pacific is expected to see significant growth throughout the forecast period, with increasing mining projects and underground rail and power plant projects in the area. However, Latin America and Africa are also expected to see significant growth with increasing mining operations in these areas.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59558

The global mining equipment industry is highly competitive and dominated by established players on the market. Roof bolters manufacturers are looking forward to introducing advanced solutions that improve mining speed and comply with mine safety regulations.

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.