World mining machinery production and demand are shifting to China

Major manufacturers have set up factories in China and attracted their major component manufacturers to China. One of the major obstacles to the development of China's mining machinery is the insufficient supply of high-quality components. Now it has begun to change.

Since the inventory of mining machinery products is sufficient to complete the current project, the current global mining machinery market is in a stable and conservative development state at the same time. In 2009, industry experts had predicted that mining machinery will face the age of ice-blocking, because the oversupply, the situation will increase the number of less meat, at that time many mining machinery companies have turned around, and some eyes will be redirected to the press Other equipment, but also looked to the construction machinery, who once wanted to enter the 2010, the construction machinery gradually decline, the industry has seen a meager phenomenon, industry professionals predict that construction machinery will reshuffle.

Experts believe that from the perspective of the future development of the world's mining machinery industry, the ability of manufacturers to provide "package services" is becoming more and more important. These capabilities include the ability to fully product the product, but also the manufacturer should provide support for the purchase, because many machines will be sold through loans.

For Chinese manufacturers, how to maintain the existing export momentum and expand their advantages is an important issue in the future. China currently exports 3% to 5% of the total output of mining machinery products for export. The main reason for having to export is that many Chinese manufacturers are expanding their own production capacity, but the sales volume can only account for about 70% of the total production capacity. Exports are used to consume excess capacity. Moreover, the market price of domestic products in China is relatively low, and the profits of Chinese exports have basically reached 300% of domestic products. In addition, in mature markets such as Europe and the United States, customers have better payment capabilities and timeliness.

Outside the Chinese market, the world’s top ten mining machinery manufacturers account for about 85% of the market share, and the entire industry’s control power is concentrated in a few companies.

Among these, the demand generated by China's huge infrastructure construction is a major contributing factor. From 2008 to 2009, the Chinese market surpassed the North American market to become the market with the largest number of mining machinery in the world. In 2010, China's mining machinery output accounted for 50% of the world's total production.

In the United Kingdom, sales to leasing companies accounted for 75% of total mining machinery sales in the United Kingdom, 60% in North America, and France and Germany also reached 50% and 40% respectively. China is still far from this level, but after a few years, it is very likely that this step has been reached.