Outside the Chinese market, the top ten mining machinery manufacturers in the world account for about 85% of the market, and the control of the entire industry is concentrated in a few companies.
Among them, the demand generated by China's huge infrastructure construction is a major factor. From 2008 to 2009, the Chinese market surpassed the North American market to become the world's largest market for mining machinery. In 2010, China's mining machinery production accounted for 50% of the world's total production.
In the UK, sales to leasing companies accounted for 75% of total UK mining machinery sales, 60% in North America, and 50% and 40% in France and Germany, respectively. China is still far from reaching this level, but after a few years, it is very likely to go this step.
The production and demand of world mining machinery are all shifting to China
Major manufacturers have opened factories in China and attracted their major component manufacturers to China. A major obstacle to the development of China's mining machinery is the lack of supply of quality components, and it has begun to change.
As the quantity of mining machinery products is sufficient to complete the current engineering projects, the global mining machinery market is currently in a stable and conservative development state. In 2009, some industry experts predicted that mining machinery will face the era of ice. Because of the oversupply, the situation of more meat and less meat will continue to expand. At that time, many mining machinery companies turned around and some turned their attention to the brick press. When the equipment was put in the construction machinery, whoever wanted to enter 2010, the construction machinery gradually became cold, and the industry showed a meager profit. The industry predicted that the construction machinery would be reshuffled.
Experts believe that from the future development trend of the world mining machinery industry, the ability of manufacturers to provide "package services" is increasingly important. These capabilities include the ability to complete the production of the product, as well as the manufacturer's support for the purchase, as sales of many machines will be realized through loans.
For Chinese manufacturers, how to maintain the existing export momentum and expand its 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 the need to export is that many Chinese manufacturers are expanding their production capacity, but sales can only account for about 70% of the total capacity, and exports are used to consume excess capacity. Moreover, the market price of Chinese domestic products is relatively low, and the profits of Chinese export products basically reach 300% of domestic products. In addition, in mature markets such as Europe and the United States, customers' payment ability and timeliness are better.
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