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The mining machinery industry occupies a pillar position in the national economy and plays a great role and contributes to economic construction. Whether from the current market development status of China's mining machinery industry or from the global industry operation situation, China's mining machinery industry is in a historic window period.
In 2023, under the sluggish development of the domestic engineering machinery industry, mining machinery, as a bright spot, has a gratifying development trend. The mainstream companies in the industry believe that in 2024, in the field of Chinese engineering machinery, the mining equipment sector will still maintain a positive growth, and the overall growth rate will be much higher than the industry average.
The current research and development of mining machinery and equipment technology in my country is developing in the direction of unmanned, intelligent and digital; in response to the national strategy of "green mines", companies in the industry will promote the integration of energy-saving and environmental protection technologies and equipment, and the equipment will continue to upgrade to "large-scale" and "intelligent". The mining machinery industry will change from complete machines to complete sets, and the industry's business model will change from pure manufacturing to a comprehensive model of "equipment manufacturing + service" to obtain better operating benefits.
In the future, the manufacturing technology of mining machinery and equipment will continue to integrate with high-end technologies such as the new generation of information technology, and establish a complete digital and intelligent system in the process of mining machinery design, research and development, mining, storage, and transportation, thereby improving the operating efficiency of mechanical equipment; in addition, the industry will establish more general equipment manufacturing standards, and focus on solving the easy maintenance of equipment, and promote the steady improvement of the mining efficiency of mineral energy, so as to better serve end customers.
For mining machinery manufacturers, the sale of complete sets of equipment has a better cost-effectiveness than the sale of complete equipment, and the sales scale is also higher, but at the same time, the sale of complete sets of equipment also has higher requirements for the manufacturer's solution design capabilities. Since most complete equipment is standardized, complete sets of equipment must be customized according to a series of factors such as the customer's on-site terrain, production requirements, rock properties, and finished product specifications, so that it can achieve the best results in environmental protection, safety, energy consumption, cost, and output. Therefore, the requirements for equipment manufacturers are significantly increased. It can be foreseen that the overall solution integrating design, manufacturing, and service will be the main trend of the future development of the mining machinery industry.
With the provision of complete equipment solutions, for mining machinery manufacturers, providing customers with after-market equipment maintenance, parts replacement, production line operation, technical transformation and upgrading services are expected to become the entry point for transformation and service. The upgrade from equipment manufacturers to solution providers means that mining machinery companies are no longer just focusing on product production, but extending their business tentacles to the entire life cycle of the product, and continuously creating higher value for customers.
