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1、CONTENTS Error! No text of specified style in document. December 2011 | 1-800-330-3772 | IBISWorld Industry Report 3611 Mining Equipment Manufacturing in China December 2011 About This Industry . 2 Industry Definition . 2 Main Activities . 2 Similar Industries 2 Additional Resources 2 Industry Per
2、formance 4 Executive Summary 4 Key External Drivers . 4 Current Performance 5 Industry Outlook 7 Industry Life Cycle 9 Products & Markets . 10 Supply Chain 10 Products & Services . 11 Demand Determinants 12 Major Markets . 12 International Trade 14 Business Locations . 18 Competitive Landscape . 20
3、Market Share Concentration . 20 Key Success Factors 20 Cost Structure Benchmarks 22 Basis of Competition . 23 Barriers to Entry 24 Industry Globalization 25 Major Companies 26 Zhengzhou Coal Mining Machinery Group Co., Ltd. . 26 China National Coal Mining Equipment Co., Ltd. . 27 China Coal Technolo
4、gy & Engineering Group Corp . 28 Northern Heavy Industries Group Co., Ltd. 29 Sany Heavy Equipment International Holdings Company Limited . 30 Other Players . 31 Operating Conditions 36 Capital Intensity . 36 Technology & Systems 36 Revenue Volatility 37 Regulation & Policy 37 Industry Assistance 38
5、 Key Statistics . 39 Industry Data 39 Annual Change 40 Key Ratios 41 Jargon 41 Mining Equipment Manufacturing in China WWW.IBISWORLD.COM.CN Mining Equipment Manufacturing in China December 2011 2 About This Industry Industry Definition Enterprises within the Mining Equipment Manufacturing industry i
6、n 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. Main
7、 Activities The primary activities of this industry are: Mining and excavation equipment manufacturing: drilling machines, rock drills, grab loaders and coal cutters Mining equipment parts manufacturing Underground mining transportation equipment manufacturing: conveyor belts, elevators, lifting equ
8、ipment and winches Washing and screening equipment manufacturing The major products and services in this industry are: Transportation equipment Excavation equipment Washing and screening equipment Other equipment and parts Similar Industries 3612 - Special Oil Mining Equipment Manufacturing in China
9、 This industry refers to the manufacturing of specialized equipment used to mine oil and natural gas on land and sea. 3613 - Construction Equipment Manufacturing in China This industry refers to the manufacturing of specialized equipment used for buildings and public municipal engineering projects.
10、3614 - Building Material Producing Equipment Manufacturing in China Firms in this industry manufacture specialized equipment used to produce construction materials, such as concrete, concrete products, glass, construction porcelain and tiles. 3615 - Special Metallurgy Equipment Manufacturing in Chin
11、a This industry refers to the manufacturing of specialized equipment used for metal smelting, rolling and forging. Additional Resources For additional information on this industry: National Bureau of Statistics of China WWW.IBISWORLD.COM.CN Mining Equipment Manufacturing in China December 2011 3 C
12、hina Customs Shanghai Stock Exchange WWW.IBISWORLD.COM.CN Mining Equipment Manufacturing in China December 2011 4 Industry Performance Executive Summary The Mining Equipment Manufacturing industry in China mainly provides mine excavation equipment, underground transportation equipment and mineral w
13、ashing and screening equipment to coal mines, nonferrous metal mines, ferrous metal mines, non-metallic mines and other mines. The Mining Equipment Manufacturing industry in China has expanded rapidly in recent years. This performance has been due to very high domestic demand from Chinas coal and me
14、tal mining industries resulting from significant increases in mining capacity. Although China imports large volumes of coal, iron ore, bauxite and other resources, the government has authorized greater mining levels in recent years, which has contributed to growth in this industry. As Chinas economy
15、 is heavily reliant on manufacturing and the energy sector, demand for natural resources drives the need for mining equipment. The industrys total production volume output is expected to increase from about 355,500 tons in 1998 to a forecast 5.06 million tons in 2011. Industry revenue is expected to
16、 increase by 25% in 2011 to $41.39 billion, with annualized growth of 33.5% over the past five years (constant 2011 dollars). Domestic demand is expected to total $39.89 billion in 2011, up 21.2% from the previous year. There is expected to be 1,868 enterprises operating within the industry in 2011,
17、 employing 323,829 people with a payroll of $2.66 billion. The industrys exports are estimated to increase by 47.4% in 2011 to $5.87 billion, accounting for 14.2% of industry revenue. Competing imports are expected to account for 10.9% of domestic demand in 2011, with a 15.2% increase to $4.37 billi
18、on. International trade levels in this industry are low to medium. With the development of Chinas coal mining industry, innovation in coal production technology, enhanced mechanization of coal mining and product generation replacement, demand for this industrys mining equipment will be strong over t
19、he next five years. ACMR-IBISWorld expects that in the five years to 2016 total revenue of Mining Equipment Manufacturing industry in China will increase at an annualized rate of 14.3% to $80.57 billion. Key External Drivers The key sensitivities affecting the performance of the Mining Equipment Man
20、ufacturing industry include: DOMESTIC ECONOMY The rapidly growing Chinese economy contributes to increased demand for energy, such as coal and petroleum, and metal and non-metal products, and therefore indirectly stimulates demand for relevant mining equipment. Downstream Demand - Electric Power Gen
21、eration Over 50% of coal in China is used for electricity power generation. Therefore, increased demand from electricity power generation indirectly stimulates demand for coal mining equipment. Downstream Demand - Manufacturing Manufacturing activities consume a substantial share of coal, metal and
22、non-metal products and indirectly contributes to demand for mining equipment from this industry. Downstream Demand - Mining Increased fixed asset investment in Chinas mining sector promotes demand for mining equipment manufactured within this industry. WWW.IBISWORLD.COM.CN Mining Equipment Manufactu
23、ring in China December 2011 5 Manufacturing Exports - Machinery and Equipment Increasing foreign demand for mining equipment manufactured within this industry contributes to the industrys export growth and development. Current Performance Benefiting from the bulk demand for coal, metal and non-metal
24、 mine products required for Chinas rapidly growing economy, fixed asset investment in Chinas mining sector continues to increase strongly. The Mining Equipment Manufacturing industry in China has developed strongly as a result of this strong demand and investment during the past five years. Many lar
25、ge companies have also invested heavily in technology innovation and research and development to improve product quality, manufacturing processes and sales systems. In 2011, the output volume of mining equipment is expected to be 5.04 million tons, up from 1.81 million tons in 2006. Revenue Industry
26、 revenue is expected to increase at an annualized rate of 33.5% over the five years to 2011. During this time, fixed asset investment in Chinas mining sector has increased strongly, with accumulated investment of over $400 billion. Major fixed asset investment in Chinas coal and non-ferrous metals i
27、ndustries has led to great demand for mining equipment from this industry. During the first half of 2011, promoted by robust domestic demand, raw coal output in China increased by 12.7% to 1.71 billion tons. Output of other mineral products also increased rapidly early in the year. Fixed asset inves
28、tment in Chinas mining sector increased by 18.4% during the first 10 months of the year, continuing generating strong demand for mining equipment. Driven by the favorable performance and increasing investment in downstream industries, demand for mining equipment also grew strongly. During 2011, outp
29、ut of mining equipment in China is expected to increase by 20.5% over the same period in 2010 to 5.06 million tons. Industry revenue is expected to increase by 25% to $41.39 billion at the end of 2011. Chinas economy continued recovering strongly in 2010, with GDP growth of 10.4% from 2009. Industry
30、 output volumes increased by 23.8% to 4.2 million tons at the end of the year. This resulted in industry revenue increasing by 27.7% for the year, as pricing levels remained high. In the first half of 2010, International Mining Machinery Holdings Limited was listed on the Hong Kong Stock Exchange. I
31、n the second half of 2010, Zhengzhou Coal Mining Machinery Group Co. Ltd. is expected to be listed on the Shanghai Stock Exchange. IPOs of large companies operating in this industry will bring greater funds for their development and will enhance their market share levels in this industry. During 200
32、9, Chinas economy only expanded slowly in the first quarter and then rebounded strongly for the rest of the year. Stimulated by the economic recovery, demand and consumption of major mine products, such as coal, metals and non-metals, also increased strongly. This drove high output volumes and incre
33、ased investment in Chinas mining sector. In 2009, fixed asset investment in Chinas mining sector totaled $118.5 billion, up 19.1% from 2008. Output volumes of mining equipment totaled 3.39 million tons, up 35.1% from 2008. Industry revenue increased by 26.1% to $25.92 billion for the year. This lowe
34、r industry revenue growth was due to a 29.7% drop in exports and the very high industry revenue growth in 2008. Earlier performance Driven by robust domestic demand for mining equipment, fixed asset investment in Chinas mining sector increased by 43.9% to $99.5 billion in 2008. During the year, expo
35、rts soared by 59.1% to $4.83 billion and the proportion of exports to industry revenue reached a peak of 23.5%. In the same year, enterprise numbers increased 51.8% as new companies continued to see new opportunities in this industry. Driven by the above factors, industry revenue increased by 51.8%
36、to $20.56 billion by the end of 2008. WWW.IBISWORLD.COM.CN Mining Equipment Manufacturing in China December 2011 6 In 2007, Chinas GDP growth was 14.2%, which was the highest level since 1992. The rapidly expanding economy promoted strong demand for high-level mine equipment, with mining investment
37、of over $69 billion for the year. Industry output volume increased by 22.3% to 2.21 million tons and revenue increased by 38.5% to $13.54 billion for the year. During the year, benefiting from the strong foreign demand and the enhanced technology level of domestic mining equipment products, exports
38、soared by 71.6% to $2.25 billion. During the year, export value exceeded the value of imports value for the first time and exports as a share of industry revenue increased to 23%, up from 18.4% in 2005. International trade Exports are expected to increase from $2.25 billion in 2006 to $ 5.87 in 2011
39、 (constant 2011 dollars). This represents an annualized increase of 21.1%. The proportion of exports to industry revenue increased from 18.4% in 2005 to 23.5% in 2008 and then declined to 13.1% in 2009 as exports slumped 29.7% for the year. In 2011, exports are estimated to return to growth with a 4
40、7.4% jump, accounting for 14.2% of industry revenue. Competing imports are expected to increase from $2.15 billion in 2006 to $4.37 billion in 2011 (constant 2011 dollars). This represents an annualized increase of 15.2%. However, in 2009, competing imports declined by 13.2%, as domestic companies s
41、tarted to produce higher quality equipment and were able to supply a high proportion of local demand. In the past five years, more foreign companies established factories in China, which increased domestic production and exports, and reduced import requirements. This caused competing imports as a pr
42、oportion of domestic demand to decline from 22.2% in 2006 to an estimated 10.9% in 2011. This also followed from a peak of 41.6% in 2002. Enterprises and wages In the five years to 2011, the industrys enterprise numbers are expected to increase at an annualized rate of 18.6% to 1,868. Very strong gr
43、owth from 2006 to 2008 was due to high industry revenue growth rates, with a large number of new firms looking to invest in the industry and develop further opportunities. However, in 2009 the number of enterprises increased slowly compared with previous years as mergers among industry participants
44、resulted in some industry consolidation, and as fewer new firms entered the industry. Total industry wages are estimated to increase at an annualized rate of 34.5% over the five years to 2011. As a proportion of industry revenue, total industry wages increased from 6.2% in 2006 to an expected 6.4% i
45、n 2011. This occurred as industry revenue increased at a relatively slower rate than wages growth, and companies the rising minimum wage levels in China in recent years. Output volumes Output volumes of the industrys products increased strongly during the five years to 2011. This was due to strong e
46、conomic and development conditions in China in recent years, which created high demand for mining equipment. Industry volumes increase at an annualized rate of 22.8% over the past five years. Volume growth was slowest in 2008 due to the global recession. Despite a major decline in exports in 2009, i
47、ndustry output increased by 35.1% as domestic demand remained high. WWW.IBISWORLD.COM.CN Mining Equipment Manufacturing in China December 2011 7 Industry Outlook In the five years to 2016, Chinas economy is expected to continue growing strongly, while domestic demand for major mine products, such as
48、 coal, metals and non-metals, will also increase at a high rate. China currently has the largest coal output volume in the world with 45.6% of global output volumes. In the near term, Chinas coal output volumes will continue to increase at a steady rate as the economy also expands strongly. Accordin
49、g to the central governments Twelfth Five-Year Plan, as of 2015 the total output of oversize coal mines (with annual output of 50 million tons) will account for 65% of Chinas coal output. There will be 20 large companies with output of between 10 million and 40 million tons. The formation of oversize coal companies will generate new demand for advanced and large mining equipment from this industry. Products and demand The mechanization level of