Mining Equipment Manufacturing in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3611Revenue
$75.7bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
391k
Businesses
1,768
Wages
$X.Xbn
Mining Equipment Manufacturing in China industry analysis
The Mining Equipment Manufacturing industry in China mainly manufactures mine excavation equipment, underground transportation equipment and mineral washing and screening equipment for coal mines, nonferrous metal mines, ferrous metal mines, non-metallic mines and other mines.As China's economy heavily relies on the manufacturing and energy sectors, demand for natural resources drives the need for mining equipment. The industry has rapidly expanded due to high domestic demand from coal mining and metal mining industries. Although China imports large volumes of coal, iron ore, bauxite and other resources, the government has authorized greater mining levels over the period.Industry revenue is expected to decrease an annualized 0.7% over the five years through 2023, to total $75.7 billion. This trend includes anticipated 3.1% growth in 2023. Industry exports are anticipated to decrease in 2023.The formation of large coal companies will continue to generate new demand for advanced mining equipment from the industry. Total revenue for the Mining Equipment Manufacturing industry in China is forecast to increase an annualized 2.5% over the five years through 2028, to $85.6 billion.
Trends and Insights
- The industry has rapidly developed as a result of strong demand and investment. Many large companies have also heavily invested in technology innovation and research and development to improve product quality, manufacturing processes and sales systems.
- Mining transportation equipment is the industry’s largest product segment. These products are the most commonly used mining equipment.
- This industry's activities are highly concentrated in Henan, Liaoning, Shanxi and Shandong provinces. These provinces are estimated to jointly account for the majority of total industry revenue in 2023.
- Competition is key to developing new markets and meeting different customers’ demands. Successful manufacturers develop new mining products that adapt to different operating conditions, or employ advanced manufacturing technology.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.7 % over the past five years, to reach an estimated $75.7bn in 2024.
Trends and Insights
The industry's development is affected by downstream markets
- Fixed asset investment in China's mining sector has strongly increased over the past five years. Businesses in the Mining Equipment Manufacturing industry has significantly benefited from demand for coal, metal and non-metal mined products required for China's rapidly growing economy.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economic growth and product expansion will boost then industry
- China's economy is forecast to continue growing strongly over the next five years, causing domestic demand for major mined products, such as coal, metals and non-metals, to increase at a high rate.
Biggest companies in the Mining Equipment Manufacturing in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Mining Equipment Manufacturing in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Excavation equipment, Mining transportation equipment and Washing and screening equipment. Excavation equipment is the largest segment of the Mining Equipment Manufacturing in China.
Trends and Insights
Mining transportation equipment is the largest product segment of the industry
- Mining transportation equipment mainly includes conveyor belts, elevators, lifting equipment and winches, which are specifically used to transport mining materials underground and across open-cut mines.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Construction Equipment Manufacturing in China
- Electrical Equipment and Machinery Manufacturing in China
- Farming Machinery Manufacturing in China
International industries
- Mining, Oil & Gas Machinery Manufacturing in the US
- Oil and Gas Drilling Equipment Manufacturing in the US
- Mining, Oil & Gas Machinery Manufacturing in Canada
- Mining and Construction Machinery Manufacturing in Australia
- Mining, Quarrying & Construction Machinery Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Enterprises within the Mining Equipment Manufacturing industry in China manufacture equipment used for mining metals, coal, petroleum, chemicals and building stone. These firms also manufacture specialized equipment used for screening, classification, separation, washing and rolling mine products, or similar processes in both underground and open-pit mines.
What's included in this industry?
Underground mining transportation equipment manufacturing: conveyor belts, elevators, lifting equipment and winchesMining and excavation equipment manufacturing: drilling machines, rock drills, grab loaders and coal cuttersWashing and screening equipment manufacturingMining equipment part manufacturingCompanies
Purchase this report to view all major companies in this industry.
Related Terms
TUNNELERWASHING EQUIPMENTSCREENING EQUIPMENTPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The industry has rapidly developed as a result of strong demand and investment. Many large companies have also heavily invested in technology innovation and research and deve...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Mining transportation equipment is the industry’s largest product segment. These products are the most commonly used mining equipment.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
This industry's activities are highly concentrated in Henan, Liaoning, Shanxi and Shandong provinces. These provinces are estimated to jointly account for the majority of tot...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition is key to developing new markets and meeting different customers’ demands. Successful manufacturers develop new mining products that adapt to different operating ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Scaled participants are mainly domestic companies. China’s companies have mature manufacturing mining equipment technology.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
China's economy continued to develop steadily in the past five years. Behind this steady growth has been large-scale fixed asset investment across many of China's sectors.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases and wages are the largest cost item for the mining equipment manufacturing industry. Raw materials costs are high, and skilled labor is required throughout the manu...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Mining Equipment Manufacturing industry in China in 2024?
The market size of the Mining Equipment Manufacturing industry in China is $75.7bn in 2024.
How many businesses are there in the Mining Equipment Manufacturing in China industry in 2024?
There are 1,768 businesses in the Mining Equipment Manufacturing industry in China, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Mining Equipment Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Mining Equipment Manufacturing industry in China has been declining at a CAGR of 0.7 % between 2019 and 2024.
What is the forecast growth of the Mining Equipment Manufacturing industry in China over the next 5 years?
Over the next five years, the Mining Equipment Manufacturing industry in China is expected to grow.
What does the Mining Equipment Manufacturing in China include?
Underground mining transportation equipment manufacturing: conveyor belts, elevators, lifting equipment and winches and Mining and excavation equipment manufacturing: drilling machines, rock drills, grab loaders and coal cutters are part of the Mining Equipment Manufacturing industry.
How competitive is the Mining Equipment Manufacturing industry in China?
The level of competition is moderate and steady in the Mining Equipment Manufacturing industry in China.
