Rock Bolting Machines Market
Rock Bolting Machines Market
The market for Rock Bolting Machines was estimated at $2.28 billion in 2024; it is anticipated to increase to $3.2 billion by 2030, with projections indicating growth to around $4.2 billion by 2035.
Datatree
Global Rock Bolting Machines Market Outlook
Revenue, 2024 (US$B)
$2.3B
Forecast, 2034 (US$B)
$4.0B
CAGR, 2024 - 2034
5.7%
Market Size Forecast & Key Insights
- The Rock Bolting Machines market is projected to grow from $2.3 billion in 2024 to $4.0 billion in 2034. This represents a CAGR of 5.7%, reflecting rising demand across Tunneling and Mining Operations, Oil and Gas Exploration and Infrastructure Construction.
- U.S. and China are the top markets within the Rock Bolting Machines market and are expected to observe the growth CAGR of 3.7% to 5.5% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 6.6% to 7.9%.
- The Rock Bolting Machines market is set to add $1.7 billion between 2024 and 2034, with manufacturer targeting Hydraulic Rock Bolting & undefined Technology projected to gain a larger market share.
- With Increasing demand in mining industry, and Technological advancements in rock bolting machines, Rock Bolting Machines market to expand 74% between 2024 and 2034.
Opportunities in the Rock Bolting Machines
The rapid expansion of infrastructure in developing countries is creating a market for rock bolting machines as nations like India and China invest heavily in major construction projects requiring sturdy geotechnical equipment for tunnel construction and slope stability enhancements in regions, across Africa and South America.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Increasing Demand in Mining Industry, and Infrastructure Development and Urbanisation
Restraint: High Initial Investment
Opportunity: Underground Mining Innovations and Technological Advancements in Rock Bolting Machinery
Challenge: Complex Training and Maintenance
Supply Chain Landscape
Raw Material Procurement
Alcoa Corporation
Rio Tinto
Aluminium Corporation of China
Machine Component Fabrication
Caterpillar Inc.
Sandvik AB
Boart Longyear
Machine Assembly
J.H. Fletcher & Co.
Epiroc AB
End Users
Mining industry
construction industry
tunneling projects
Raw Material Procurement
Alcoa Corporation
Rio Tinto
Aluminium Corporation of China
Machine Component Fabrication
Caterpillar Inc.
Sandvik AB
Boart Longyear
Machine Assembly
J.H. Fletcher & Co.
Epiroc AB
End Users
Mining industry
construction industry
tunneling projects