Rock Bolts - Global Market Insights and Sales Trends 2024

Rock Bolts - Market

Rock bolts are threaded steel bars that are used to secure potentially unstable blocks on the face of a rock cut. The process involves drilling through the unstable block and into more competent rock beyond the failure surface. The steel bar is then inserted into the hole and grouted into place using a cement based grout. In some applications, only the bottom portion of the rock bolt is grouted to create a bonded and un-bonded zone. This allows for the rock bolt to be tensioned against the unstable block resulting in active pressure to hold the mass in place.

The global Rock Bolts market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Rock Bolts in various end use industries. The expanding demands from the Metallurgical industry, Construction Industry, Sports and Outdoors and Others, are propelling Rock Bolts market. Mechanical Rockbolts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fully Encapsulated Rockbolts segment is estimated at % CAGR for the next seven-year period.

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Asia Pacific shows high growth potential for Rock Bolts market, driven by demand from China, the second largest economy with some signs of stabilising, the Rock Bolts market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.

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Report Objectives

This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Rock Bolts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Rock Bolts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Rock Bolts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Rock Bolts sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Rock Bolts covered in this report include Sinorock, EMCOR Underground, Srons Engineers, Vipul Sameer Agencies Pvt. Ltd., Canco Fasteners, Sigricare, Rocksafe Anchors, SB Engineering and Consultants and BNKM India, etc.

The global Rock Bolts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

• Sinorock
• EMCOR Underground
• Srons Engineers
• Vipul Sameer Agencies Pvt. Ltd.
• Canco Fasteners
• Sigricare
• Rocksafe Anchors
• SB Engineering and Consultants
• BNKM India

By Type
• Mechanical Rockbolts
• Fully Encapsulated Rockbolts
• Frictional Rockbolts
• Energy-absorbing Rockbolts

By Application
• Metallurgical industry
• Construction Industry
• Sports and Outdoors

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