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The Development Status of China Mining Machinery Equipment Industry in the Future

In 2008, the Chinese market replaced the North American market as the world's largest market for mining machinery sales. By 2010, China mining machine capacity accounted for about 50% of the world's total output, of which crusher, crusher and ball mill accounted for a larger proportion.

With the development of China's crushing equipment industry driven by mining, high-speed rail, highway, real estate and other industries, China mining machinery enterprises have made a qualitative leap in capacity scale, technical strength, and other aspects after years of accumulation. Many mining machinery enterprises are very popular in the international market.

According to industry statistics, many countries in the world have carried out large-scale infrastructure construction in order to stimulate the economy, which has effectively promoted the development of the mining machinery industry. In 2010, the total industrial output value of China's crushing equipment industry reached 71.711 billion yuan, an increase of 30.53% over the previous year. The sales revenue reached 71.014 billion yuan, an increase of 32.38% over the same period last year. The total profit was 4993 million yuan, up 50.10% from the same period last year. It is expected that by 2015, the sales performance of the industry will exceed 150 billion yuan, and the sales revenue and export volume will more than double that of 2010. China mining machinery industry has developed into a mature industry in general. At the present stage, the mining machinery above the scale of our country has its own advantages. After the test of fierce market competition, the basic pattern has initially taken shape.

It is undeniable that the development of China mining machinery industry has also exposed some problems, such as the relatively backward development of high-end production technology and the weak market development ability. This requires Chinese mining machinery enterprises to increase the strength of scientific research and development, thick accumulation can be thin hair. Fortunately, many domestic mining machinery enterprises are aware of this.
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