World mining machinery development trend and China is the most dynamic

In the international mining machinery market conditions and forecasts, mechanical experts summed up the four market development trends of world mining machinery, in which the "China factor" has become the most dynamic one.

First, M&A activity is increasing worldwide. Out of the Chinese market, the world's top ten mining machinery manufacturers accounted for about 85% market share. The control right of the whole industry is concentrated in a small number of enterprises.

Second, the world's mining machinery market growth is accelerated, in which the demand generated by the massive infrastructure construction in China is a major contributing factor. Form 2008 to 2009, the Chinese market become the biggest sale of mining machinery market beyond the North American market in the world. In 2010, China mining machinery production accounts for a considerable proportion of world production which may go up to 50%.

Third, the world's mining machinery rental market is actively developed. The leasing company's sales accounted for 75% of the total sales of the British mining machinery, 60% in North America, France and Germany, respectively 50% and 40%. China is still far from reaching this level, but after a few years, it's likely to come this far.

Fourth, production and demand of the mining machinery are transferred to China. The major manufacturers have set up factories in China, its main parts maker is also attracted to China. A major obstacle to the development of China mining machinery is the shortage of supply of quality parts, and now the situation begins to change.

Experts believe that whether the manufacturer can provide the "package service" is more and more important to the future development trend of the world mining machinery industry. These capabilities include the ability to produce a full set of products, and manufacturers should provide support in terms of purchase, because a lot of machine sales will be through loans. Structural adjustment is further deepening and the mode of production and management model is undergoing with profound changes. At the same time, the producer-oriented mode of production is gradually shifting to consumer-oriented mode. The personalization service becomes an important factor to the success of the competition.