About Face Bolters
Face bolters are designed to stabilize the face of the targeted wall area through rock reinforcement during equipment recovery operations. The face bolters come in a range of sizes and manufacturers are incorporating advanced features that enhance the penetration rate and set-up time along with reliability and reduced life cycle costs. The face bolters are equipped with variable rig positioning that allows end-user to conduct operations in different conditions. The high-quality steel is used for manufacturing face bolters and their drill heads for effective bolt installation and ensures reliability and safety
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.0% |
The Global market for Facing Bolt is Fragmented by Global Players owing to mining demands for metal and on metal distractions. The main focus of players should be investing in R&D in order to serve the rising demand for metals, coal mining, and Private firms focusing on the safety of workers more keenly due to stringent government orders. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Face Bolters market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
J.H. Fletcher & Co. (United States), Komatsu Mining Corp. (United States), Joy Global Incorporated (United States), Resemin SA (Peru), UTS Underground (Australia), Blue Heeler Mining, Minova Drilling & Bolting Equipment (United States), MacLean Engineering (Canada), Sandvik AB (Sweden) and McDowell Heavy Equipment (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Face Bolters market by Type (Diesel and Semi-Electric), Application (Coal, Metal and Non-Metal and Construction) and Region.
On the basis of geography, the market of Face Bolters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Face Bolters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Authorities in The Region are Primarily Focusing on Promoting Industries
Market Growth Drivers:
The Growing Demand for Metals Across the Globe and The Demand for Fabricated Metals from the Automobile, Electronics and Medical Industries
Challenges:
Stringent Government Regulation on Mining and Machinery Used
Restraints:
Procurement of Raw Material for Manufacturing
Opportunities:
The Mining Industry Continues to Demand Higher Levels of Safety and Productivity for Face Bolters and Developing Features To Ensure Safe And Effective Use Of Face Bolters
Market Leaders and their expansionary development strategies
On July 18, 2023, Sandvik AB acquired DrilTech International, strengthening its position in the underground mining equipment market, including face bolters. This merger acquisition will help Sandvik AB to maintain its position in the global market.
On September 20, 2023, Atlas Copco unveiled the Boomer S2e, a new generation of electric face bolters, emphasizing emission reduction and enhanced operator comfort. This successful launch of face bolters will help Atlas Copco to maintain its position in the global market.
Key Target Audience
Raw Material Providers, Face Bolters manufacturers, Distributors, Mining Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.