Summary: The mining machinery manufacturing industry is the foundation of a national industrial system and a pillar industry of the national economy; it exerts a significant impact on the country’s development...

The mining machinery manufacturing industry is the foundation of a national industrial system and a pillar industry of the national economy; it exerts a significant impact on the country’s development. With the advancement of urbanization in the western region, rural revitalization, and the construction of high-speed railways, highways, nuclear power plants, affordable housing and water conservancy projects, investment has been increasing. Therefore, market demand for mining machinery will continue to expand during the 12th Five-Year Plan period. In recent years, demand in the mining machinery market has grown. In 2011, the total industrial output value of this sector reached 1.689 billion yuan, an increase of 25%. Among the 120 major mechanical products, 102 saw growth in output, with the mining machinery industry achieving the fastest growth. China has entered the ranks of mining machinery production, consumption, export power, but big but not strong. According to industry analysts at Shangpu Consulting, driven by two major factors—the issuance of national purchase orders, increased government investment and construction in affordable housing, and the global trend toward low-carbon and green development—the large-scale, green mining machinery industry has become a priority for development. Based on the current situation of the mining machinery industry, China’s sector should further deepen reform, actively adjust its industrial and product mix, transform its economic growth model, strengthen independent innovation capabilities, and accelerate the R&D and market development of high-end mining machinery, mineral processing equipment, crushing equipment, and key components.

To further improve product quality and strengthen service awareness, improve the overall competitiveness of the whole industry. Product innovation capability is the primary factor determining an enterprise’s position in global competition. The mining machinery industry, in particular, must leverage innovation to develop environmentally friendly and energy-saving mining machinery and equipment. According to ShangPu consulting released '2011 China's mining machinery industry market prospects and investment value analysis report' shows that the current level of mining machinery technology, is to promote the production of mineral processing crushing equipment for the mainstream, the next 20 years will continue to develop so. We will further improve accuracy, efficiency, automation, intelligence, and networking, and gradually transition to the manufacturing of processing units and high-end equipment systems.