Business & Trade

Four Chinese factors lead the mining industry

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First, merger activity around the world is increasing day by day


Beyond the Chinese market, the world's top ten manufacturers of mining machinery account for about 85% market share, now the right to control the whole industry is concentrated in a small number of enterprises. 
Second, the world's mining machinery market growth is accelerating state 
Among these, the demand generated by the massive infrastructure construction in China is a major contributing factor. From 2008 to 2009, the Chinese market exceeded the North American market turning into a bestselling country in the world in 2010, China mining machinery (ore beneficiation) production accounted for the proportion of world production approximate to 50%. 
Third, the world stone mining machinery rental market gets actively developed 
In the UK, the proportion of total sales of the British mining machinery leasing company sales accounted for 75% and 60% in North America, France and Germany, respectively 50% and 40%. China is still far from reaching this level, but after a few years, it is likely to come to this stage. 
Fourth, production and demand of mining machinery in the world is transferring to China 
Major manufacturers have set up factories in China, which also attracted its main parts maker to China. A major obstacle to development of mining machinery in China is inadequate supply of quality parts, and now it begins to change. 
Experts believe that it becomes more and more important for future development trend of the global mining machinery industry that whether the manufacturer can provide the "package service". These capabilities include the ability to produce a full set of products, and that manufacturers should provide support in terms of purchase, because a lot of machine sales will be completed through loans. 
For Chinese manufacturers, how to hold the existing momentum of exports and expansion of its advantages is an important issue facing the future. China's current 3% to 5% of the total production of mining machinery is for export. The main reason for the export lies in which many Chinese manufacturers is expanding their production, but sales only account for about 70% of the total production capacity in order to use the export to consume the excessive capacity. Moreover, China's domestic market price is relatively low, the profits of Chinese exports has basically reached 300% of the domestic product. In addition, in Europe, the United States and other mature markets, the ability to pay and timeliness of the customers are better.First, merger activity around the world is increasing day by day

Beyond the Chinese market, the world's top ten manufacturers of mining machinery account for about 85% market share, now the right to control the whole industry is concentrated in a small number of enterprises. 
Second, the world's mining machinery market growth is accelerating state 
Among these, the demand generated by the massive infrastructure construction in China is a major contributing factor. From 2008 to 2009, the Chinese market exceeded the North American market turning into a bestselling country in the world in 2010, China mining machinery (ore beneficiation) production accounted for the proportion of world production approximate to 50%. 
Third, the world stone mining machinery rental market gets actively developed 
In the UK, the proportion of total sales of the British mining machinery leasing company sales accounted for 75% and 60% in North America, France and Germany, respectively 50% and 40%. China is still far from reaching this level, but after a few years, it is likely to come to this stage. 
Fourth, production and demand of mining machinery in the world is transferring to China 
Major manufacturers have set up factories in China, which also attracted its main parts maker to China. A major obstacle to development of mining machinery in China is inadequate supply of quality parts, and now it begins to change. 
Experts believe that it becomes more and more important for future development trend of the global mining machinery industry that whether the manufacturer can provide the "package service". These capabilities include the ability to produce a full set of products, and that manufacturers should provide support in terms of purchase, because a lot of machine sales will be completed through loans. 
For Chinese manufacturers, how to hold the existing momentum of exports and expansion of its advantages is an important issue facing the future. China's current 3% to 5% of the total production of mining machinery is for export. The main reason for the export lies in which many Chinese manufacturers is expanding their production, but sales only account for about 70% of the total production capacity in order to use the export to consume the excessive capacity. Moreover, China's domestic market price is relatively low, the profits of Chinese exports has basically reached 300% of the domestic product. In addition, in Europe, the United States and other mature markets, the ability to pay and timeliness of the customers are better.

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