Transformation of Mining Machinery Industry

In recent years, the increasing mode of the mining machinery industry has transformed from the high speed development to the medium speed one. The purchasing cost is increasing slowly and the financial cost pressure is also slowing down, while the labor cost still keeps growing. The intermediate link inventory of the engineering machinery is in large amount.

Large scale equipment featuring high technology, new design and new materials will be the future trend of the domestic mining exploitation industry. Unfortunately, many Chinese mining machinery manufacturers produce the products by completely and blindly imitating other brand products on the market without adding their own thoughts. These mining machines are lacking competitiveness and will be abandoned by the market under the current economic situation.

However, China as the leader of the developing countries is not only occupying the lower end international market but also trying to take up the high end market. To strengthen the mining machinery competitiveness, manufacturers need to grasp the perfect market chance, establish the innovation concept and change the past imitation development mode. As long as we make breakthrough in the field of core technology of the mining machinery manufacturing industry, we will win the market of the mining machines among so many competitors for sure.