China mining machinery manufacturing industry status in-depth analysis and investment trend research report

First, mining machinery manufacturing industry status

1. The number and total assets of enterprises above designated size in mining machinery manufacturing industry

Mining machinery is directly used for mineral mining and enrichment operations such as machinery. The mining machinery industry is one of the important basic industries that provide equipment for the mining and processing of solid raw materials, materials and fuels, serving important basic industrial sectors such as ferrous and non-ferrous metallurgy, coal, building materials, chemical industry, nuclear industry, and its products are also widely used in the basic construction of basic sectors such as transportation, railway, construction, water conservancy and hydropower. Therefore, the level of mining machinery manufacturing industry reflects the level of scientific development and comprehensive utilization of national mining resources to a certain extent, which has an important impact on the development of the national economy. Data show that as of 2021, the number of enterprises above designated size in China's mining machinery manufacturing industry totaled 1,925, an increase of 22 from 2020, an increase of 1.16% year-on-year.

2. Total sales revenue and profit of mining machinery manufacturing industry

China's mining machinery manufacturing industry is developing rapidly. On the one hand, with the continuous improvement of mining technology, the mining depth is getting deeper and deeper, and the demand for mining machinery will continue to increase. On the other hand, with the government's increasing attention to environmental protection, mining machinery manufacturing continues to improve the technical level to meet the requirements of environmental protection.

Since 2000, driven by the development of domestic basic industry and infrastructure, the market demand for mining machinery products is strong, and the sales of China's mining machinery industry exceeded 400 billion yuan in 2010, so far China has surpassed North America, Japan and Western Europe, becoming the world's largest mining machinery market. In recent years, the sales revenue of China's mining machinery manufacturing industry has continued to grow, reaching 471.11 billion yuan in 2021, an increase of 3.8%. As sales revenue increases, so does the total profit. In 2021, the total profit of China's mining machinery manufacturing industry reached 28.36 billion yuan, an increase of 7.7%.

3. Production and demand of special mining equipment

From the perspective of production and demand, with the continuous improvement of manufacturing technology, the output of special mining equipment in China has been maintained at more than 5 million tons in recent years, and higher than the demand. Data show that in 2021, the output of special mining equipment in China will reach 6.7024 million tons, and the demand will reach 6.1571 million tons.

4. Import and export of mine special equipment

The market of mine special equipment is in a state of oversupply, and the export trade is developing rapidly. At present, the import and export trade of mine special equipment in China is dominated by export trade. According to the data, in 2021, the number of imports of special mining equipment in China is 14,100 tons, and the number of exports is 559,400 tons.

Second, mining machinery manufacturing industry development trend

The mining machinery manufacturing industry is generally good, but there are still two problems: first, the comprehensive strength of mining machinery industry enterprises is not strong, most enterprises in scientific research, new product development, technological transformation and enterprise management and other aspects of energy and capital investment are at a standstill. The variety of domestic mining machinery products, especially the key equipment urgently needed for national construction, can not meet the requirements, and there are low technical content of products, low added value of products, unstable product quality, and low labor productivity of all employees. As a result, the output value growth rate of China's mining machinery manufacturing enterprises is extremely disproportionate to the profit growth rate. Second, there are problems in product varieties, technology, quality, service and other aspects, resulting in the actual contribution rate of the domestic mining machinery industry to the mine is low.

With the continuous development and transformation of China's economy, "Made in China" will inevitably transform to "China's intelligent manufacturing", mining machinery manufacturing will gradually evolve from price competition to research and development competition, and the development of the industry tends to be large-scale, digital intelligent and ecological energy-saving. Only with core manufacturing capabilities can we get the corresponding added value of technology, reflect the high returns of high-end, gradually gather real competitive advantages, and then become a respected global market competitor.

The In-depth Analysis and Investment Trend Research Report on the status quo of China's mining machinery Manufacturing Industry (2023-2030) released by Guan Research Report Network covers the latest data of the industry, market hot spots, policy planning, competitive intelligence, market prospect forecast, investment strategy and other content. More supplemented by a large number of intuitive charts to help the industry enterprises accurately grasp the development trend of the industry, market business opportunities, the correct formulation of enterprise competition strategy and investment strategy. This report is based on the authoritative data released by the National Bureau of Statistics, the General Administration of Customs and the State Information Center and other channels, combined with the environment of the industry, from theory to practice, from macro to micro and other perspectives for market research and analysis.