The mining machinery industry occupies a pillar position in the national economy and plays a significant role and contribution in economic construction. Whether from the current market development status of China's mining machinery industry or the global industrial operation trend, the Chinese mining machinery industry is currently in a historic window period.

In the context of the sluggish development of the domestic construction machinery industry in 2023, the development trend of mining machinery as a highlight sector is promising. The mainstream view of the industry is that in 2024, the construction machinery and mining equipment sectors in China will continue to maintain positive growth, and the overall growth rate will be much higher than the industry average.

Development Trends of Mining Machinery Industry

The current research and development of mining machinery and equipment technology in China is moving towards unmanned, intelligent, and digital directions; In response to the national strategy of "green mining", enterprises in the industry will promote the integration of energy-saving and environmental protection technologies and equipment, continuously upgrade equipment to "large-scale" and "intelligent", transform the mining machinery industry from complete machines to complete sets, and shift the industry's business model from pure manufacturing to a comprehensive model of "equipment manufacturing+service", in order to obtain better operating benefits.

In line with the development of the times, mining machinery is transforming and upgrading towards digitization and unmanned direction

With the rapid iteration of new generation information technologies such as 5G networks, artificial intelligence, and cloud computing, traditional mining is also facing digital and intelligent transformation. Unmanned "is the foundation of the overall concept of" smart mines ". Firstly, the operation of unmanned mining vehicles keeps employees away from the front line of work, significantly reducing the number of personnel in high-risk areas and thus reducing the possibility of accidents, greatly improving the safety of the industry. Secondly, unmanned mining vehicles can achieve continuous operation around the clock, breaking through the limitations of traditional mining working hours and significantly improving transportation efficiency and productivity. In addition, unmanned mining vehicles can be integrated into digital and automated mining management systems to optimize resource allocation, path planning, and job scheduling, thereby improving overall operational efficiency. Under refined management, precise operations and energy conservation and emission reduction can also significantly reduce environmental pollution caused by traditional mining, making the industry greener.

In the future, the manufacturing technology of mining machinery equipment will continue to integrate with high-end technologies such as new generation information technology, and establish a complete digital and intelligent system in the design, research and development, mining, storage, and transportation processes of mining machinery, thereby improving the operational efficiency of mechanical equipment; In addition, the industry will establish more universal equipment manufacturing standards and focus on addressing the ease of maintenance of equipment, promoting steady improvement in the efficiency of mineral energy extraction, in order to better serve end customers.

In response to the national strategy of green mining, promote the development of equipment towards large-scale and energy-saving

With the high attention paid by the country to the environmental protection goals of "carbon peak and carbon neutrality", it is required that mining machinery be "ecological and energy-saving". Mining enterprises are also constantly restructuring and transforming. China's mining industry is accelerating its development towards green, safe, intelligent, and efficient directions. A new mining pattern has emerged, and the trend towards large-scale and intelligent equipment is inevitable.