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Mining Equipment Manufacturing in China Industry Data and Analysis
Mining Equipment Manufacturing industry is one of the important industries developed in China. Mineral resources are widely used in various industries and have a significant impact on economic growth. Revenue for the Mining Equipment Manufacturing industry is expected to increase at an annualized 2.2% over the five years through 2024, to $87.9 billion.The Government's continuous promotion of urbanization and infrastructure construction have stimulated fixed asset investment in the ore mining industry. Mineral resources are limited, to more scientific mining, industry enterprises continue to innovate machinery.Industry profit is expected to total 5.6% of revenue in 2024. As economic activity in the domestic market has been slow over the past few years, profit margins have remained. The industry has entered a mature period, and it is difficult to significantly improve profits in a short period of time. The purchase cost of the industry has fluctuated over the past five years, mainly due to fluctuations in the price of the raw material, namely iron. Competing imports are expected to decline at an annualized rate of 12.2% over the five years through 2024. This is because the performance of domestic machinery has been greatly improved in recent years, and it has a strong competitive advantage compared with international products. Meanwhile, exports are expected to increase at an annualized rate of 11.4% in the five years through 2024, which is the result of industry enterprises actively expanding overseas markets.The current innovation direction of the industry is mainly unmanned intelligent operation and green cleaning. There are many risk factors in the downstream work environment, and innovative unmanned operating systems can improve safety. Meanwhile, to reduce the pollution of the environment during the mining process, the mining equipment also needs to improve the operation mode of low emissions.Industry revenue is expected to increase an annualized 1.9% over the five years through 2029 to total $96.4 billion. This growth will be driven by the Chinese Government's continued investment in electricity, chemicals, oil.
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What's included in this industry analysis
IBISWorld's research coverage on the Mining Equipment Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Mining Equipment Manufacturing industry in China operates under the industry code 3611. 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. Related terms covered in the Mining Equipment Manufacturing industry in China include tunneler, washing equipment and screening equipment.
What's included in this industry?
Products and services covered in Mining Equipment Manufacturing industry in China include Excavation equipment, Mining transportation equipment and Washing and screening equipment.
What companies are included in this industry?
Companies covered in the Mining Equipment Manufacturing industry in China include Tiandi Science & Technology Co., Ltd., Sany Heavy Equipment International Holdings Company Limited and Zhengzhou Coal Mining Machinery Group Co., Ltd. .
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Mining Equipment Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Mining Equipment Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Mining Equipment Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Mining Equipment Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Mining Equipment Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Mining Equipment Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Mining Equipment Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Mining Equipment Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Mining Equipment Manufacturing industry in China in 2026?
The market size of the Mining Equipment Manufacturing industry in China is $87.9bn in 2026.
How many businesses are there in the Mining Equipment Manufacturing industry in China in 2025?
There are 1,635 businesses in the Mining Equipment Manufacturing industry in China, which has grown at a CAGR of 1.1 % between 2020 and 2025.
How may import tariffs affect the Mining Equipment Manufacturing industry in China?
The Mining Equipment Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Mining Equipment Manufacturing industry in China?
The Mining Equipment Manufacturing industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
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 growing at a CAGR of 2.2 % between 2020 and 2025.
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 are the biggest companies in the Mining Equipment Manufacturing industry in China?
The biggest companies operating in the Mining Equipment Manufacturing industry in China are Tiandi Science & Technology Co., Ltd., Sany Heavy Equipment International Holdings Company Limited and Zhengzhou Coal Mining Machinery Group Co., Ltd.
What does the Mining Equipment Manufacturing industry in China include?
Excavation equipment and Mining transportation equipment are part of the Mining Equipment Manufacturing industry in China.
Which companies have the highest market share in the Mining Equipment Manufacturing industry in China?
The company holding the most market share in the Mining Equipment Manufacturing industry in China is Tiandi Science & Technology Co., Ltd..
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.
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