Rock Bolting Rigs Market size was valued at USD 450 Million in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 700 Million by 2033.
The global Rock Bolting Rigs market was valued at approximately USD 735.4 million in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period from 2023 to 2030. This growth is attributed to the rising demand for underground mining operations and the increasing focus on tunneling activities across infrastructure development projects. Advancements in automation and mechanized mining are also contributing to the rising adoption of rock bolting rigs, especially in emerging economies where infrastructure expansion is a key priority. Increased safety regulations in mining and tunneling have further pushed the demand for efficient ground support solutions, fueling the markets growth momentum globally.
Regionally, Asia Pacific held the largest share of the rock bolting rigs market in 2022, accounting for over 38% of global revenue, driven by rapid infrastructure developments and growing mining activity in countries like China, India, and Australia. North America followed, with significant investment in tunnel boring and underground transportation networks, especially in the United States. Europe also demonstrated a strong presence due to established mining sectors in countries like Sweden and Germany. Latin America and the Middle East & Africa regions present emerging opportunities with increasing mineral exploration and infrastructure projects in Chile, Peru, and South Africa. Technological enhancements and cost effective automated rigs present lucrative opportunities in these untapped markets, creating scope for higher adoption and market penetration in the coming years.
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Caterpillar Inc.
Bobcat
Sandvik Industries
Komatsu Limited
Atlas Copco AB
Trimble Inc
Rockwell Automation Inc
ABB
Hexagon AB
Epiroc Inc.
Hitachi Limited
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Rock Bolting Rigs Market
Continuous Bolting Rigs
Rotary Drilling Rigs
Hydraulic Bolting Rigs
Automatic Bolting Rigs
Underground Mining
Surface Mining
Electric Powered Rigs
Diesel Powered Rigs
Hydraulic Powered Rigs
Pneumatic Powered Rigs
Small and Compact Rigs
Medium-Sized Rigs
Large and Heavy-Duty Rigs
Mining Corporations
Construction Companies
Government and Public Sector Projects
Contractors and Subcontractors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Rock Bolting Rigs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Rock Bolting Rigs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Rock Bolting Rigs Market, By Type
6. Global Rock Bolting Rigs Market, By Application
7. Global Rock Bolting Rigs Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Rock Bolting Rigs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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