Mining Equipment in China

Demand for mining equipment in China is projected to grow 7.1 percent annually through 2013. Underground mining machinery will remain the largest product group, while crushing, pulverizing and screening equipment grows the fastest. Coal mining will continue as the largest market segment, while metal mining leads gains.

This study analyzes the 107 billion yuan mining equipment industry in China. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by product (e.g., underground mining machinery, surface mining machinery, mining drills, crushing/pulverizing/screening equipment, mineral processing machinery), market (coal, metal and mineral mining) and geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including Xuzhou Construction Machinery Group, Northern Heavy Industries Group and Caterpillar.

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TABLE OF CONTENTS SECTION PAGE INTRODUCTION viii I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4 General 4 Economic Overview 5 Recent Economic Performance 5 Economic Outlook 9 Demographic Overview 12 Population 12 Urbanization 15 Households 16 Gross Fixed Capital Formation Outlook 17 Industrialization & Manufacturing Trends 18 Construction Outlook 21 Residential Building 24 Nonresidential Building 27 Nonbuilding Construction 28 Electricity Generation 30 Mining Outlook 33 Coal 35 Metals 37 Minerals 38 Pricing Trends 39 Mining Equipment Technology Trends 40 Regulatory Environment 42 World Mining Equipment Market 44 Foreign Trade 45 Exports 47 Imports 48 The Eleventh Five-Year Plan 49 III. PRODUCTS 51 General 51 Underground Mining Machinery 54 Extraction Equipment 57 Augers & Borers 59 Roadheading Equipment 61 Vehicles & Loaders 63 Hoists & Other Equipment 64 Surface Mining Machinery 66 Mining Drills 68 Crushing/Pulverizing/Screening Equipment 70 Crushing Equipment 73 Pulverizing Equipment 75 Screening Equipment 76 Mineral Processing Machinery 78 Parts & Attachments 80 IV. MARKETS 83 General 83 Coal Mining 85 Coal Mining Outlook 86 Coal Mining Equipment Outlook 87 Metal Mining 90 Metal Mining Outlook 90 Metal Mining Equipment Outlook 92 Mineral Mining 95 Mineral Mining Outlook 95 Mineral Mining Equipment Outlook 96 V. REGIONAL TRENDS 99 General 99 Regional Demographic & Economic Trends 101 Population Patterns 102 Economic Outlook 104 Regional Gross Fixed Capital Formation 105 Regional Construction Expenditures 107 Regional Mined Product Output 109 Regional Mining Equipment Demand 111 Central-North 114 Overview 114 Mining Equipment Demand 116 Northeast 118 Overview 118 Mining Equipment Demand 120 Central-East 122 Overview 122 Mining Equipment Demand 124 Central-South 126 Overview 126 Mining Equipment Demand 128 Southwest 130 Overview 130 Mining Equipment Demand 132 Northwest 134 Overview 134 Mining Equipment Demand 135 VI. INDUSTRY STRUCTURE 138 General 138 Industry Composition 138 Market Share 142 Marketing 147 Financial Issues 148 Cooperative Agreements 149 Mergers & Acquisitions 153 Foreign Participation in the Chinese Market 155 Legal & Regulatory Issues 155 Joint Ventures 157 Wholly Owned Foreign Enterprises 159 Representative Offices 160 Company Profiles 162 Atlas Copco AB 163 Bucyrus International Incorporated 167 Caterpillar Incorporated 170 Changsha Zoomlion Heavy Industry Science & Technology Development Company Limited 172 China Coal Energy Company Limited 173 China First Heavy Industries Company Limited 175 China National Erzhong Group Company 176 CITIC Group 177 Guangxi Liugong Machinery Company Limited 178 Hebei Jinma Mine Machinery Group Company 179 Henan Songshan Heavy Industry Company Limited 180 Inner Mongolia North Heavy Industries Group 181 International Mining Machinery Limited 182 Jiangsu Pengfei Group Company Limited 183 Joy Global Incorporated 184 Kobe Steel Limited 187 Komatsu Limited 189 Lonking Holdings Company Limited 191 Luoyang Baofeng Heavy Mining Machinery Manufacturing Company Limited 192 Metso Corporation 193 Northern Heavy Industries Group Company Limited 196 P&H Mining Equipment, see Joy Global Sandvik AB 198 SANY Heavy Industry Company Limited 200 Shandong Mining Machinery Group 202 Shandong Shankuang Machinery Company Limited 203 Shanghai Jianshe Luqiao Machinery Company Limited 204 Shanghai Zhongxing Jiqi Chang Company Limited 205 Shantui Construction Machinery Company Limited 206 Shanxi Pingyang Industry Machinery Company Limited 207 Taiyuan Heavy Machinery Group Company Limited 208 Tangshan Mining & Metallurgical Machinery Plant 209 Terex Corporation 210 Tiandi Science & Technology Company Limited 212 Xiamen XGMA Machinery Company Limited 213 Xuzhou Construction Machinery Group Incorporated 214 Zhejiang Kaishan Company Limited 215 Zhengzhou Coal Mining Machinery Group 216 Other Companies Mentioned in Study 217 LIST OF TABLES TABLE NUMBER PAGE SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT 1 Gross Domestic Product of China 12 2 Population of China 14 3 Households in China by Region 17 4 Gross Fixed Capital Formation in China 18 5 Manufacturing Value-Added in China 21 6 Construction Expenditures in China 24 7 Electricity Generation by Generator & Fuel Type in China 33 8 Mining Output in China 35 9 Mining Equipment Pricing Deflators in China 40 10 World Mining Equipment Demand 45 11 Chinese Foreign Trade in Mining Equipment 47 SECTION III -- PRODUCTS 1 Mining Equipment Supply & Demand in China 53 2 Underground Mining Machinery Supply & Demand in China 56 3 Extraction Equipment Supply & Demand in China 59 4 Auger & Borer Supply & Demand in China 61 5 Roadheading Equipment Supply & Demand in China 62 6 Vehicle & Loader Supply & Demand in China 64 7 Hoists & Other Equipment Supply & Demand in China 65 8 Surface Mining Machinery Supply & Demand in China 68 9 Mining Drill Supply & Demand in China 70 10 Crushing/Pulverizing/Screening Equipment Supply & Demand in China 72 11 Crushing Equipment Supply & Demand in China 74 12 Pulverizing Equipment Supply & Demand in China 76 13 Screening Equipment Supply & Demand in China 77 14 Mineral Processing Machinery Supply & Demand in China 80 15 Parts & Attachments Supply & Demand in China 82 SECTION IV -- MARKETS 1 Mining Equipment Demand by Market in China 84 2 Coal Production in China by Type 87 3 Coal Mining Market for Mining Equipment in China 89 4 Metal Production in China by Type 92 5 Metal Mining Market for Mining Equipment in China 94 6 Mineral Production in China by Application 96 7 Mineral Mining Market for Mining Equipment in China 98 SECTION V -- REGIONAL TRENDS 1 Population of China by Region 103 2 Gross Domestic Product of China by Region 105 3 Gross Fixed Capital Formation in China by Region 106 4 Construction Expenditures in China by Region 109 5 Mined Product Shipments in China by Region 111 6 Mining Equipment Demand in China by Region 113 7 Central-North Region of China: Mining Equipment Demand 118 8 Northeast Region of China: Mining Equipment Demand 122 9 Central-East Region of China: Mining Equipment Demand 126 10 Central-South Region of China: Mining Equipment Demand 130 11 Southwest Region of China: Mining Equipment Demand 133 12 Northwest Region of China: Mining Equipment Demand 137 SECTION VI -- INDUSTRY STRUCTURE 1 Revenue Data: Selected Mining Equipment Companies in China, 2008 141 2 Selected Cooperative Agreements 151 3 Selected Acquisitions & Divestitures 154 LIST OF CHARTS CHART NUMBER PAGE SECTION II -- MARKET ENVIRONMENT 1 Population of China by Age, 1998-2018 14 SECTION III -- PRODUCTS 1 Mining Equipment Demand in China by Type, 2008 54 2 Underground Mining Machinery Demand in China by Type, 2008 57 3 Crushing/Pulverizing/Screening Equipment Demand in China by Type, 2008 73 SECTION IV -- MARKETS 1 Mining Equipment Demand in China by Market, 2008 85 2 Coal Mining Equipment Market in China by Coal Type, 2008 89 3 Metal Mining Equipment Market in China by Metal Type, 2008 94 4 Mineral Mining Equipment Market in China by Application, 2008 98 SECTION V -- REGIONAL TRENDS 1 Mining Equipment Demand in China by Region, 2008 114 2 Central-North Region of China 116 3 Northeast Region of China 120 4 Central-East Region of China 124 5 Central-South Region of China 128 6 Southwest Region of China 132 7 Northwest Region of China 135 SECTION VI -- INDUSTRY STRUCTURE 1 Mining Equipment Market Share in China by Company, 2008 143

Mining Equipment in China

Purchase Mining Equipment in China by the Section

Mining Equipment in China

1 INTRODUCTION

2 EXECUTIVE SUMMARY

Table | MINING EQUIPMENT SUPPLY & DEMAND IN CHINA (billion yuan)

3 MARKET ENVIRONMENT

3.1 General

3.2 Economic Overview

3.2.1 Recent Economic Performance

3.2.2 Economic Outlook

Table | GROSS DOMESTIC PRODUCT OF CHINA

3.3 Demographic Overview

3.3.1 Population

Table | POPULATION OF CHINA (million persons)

3.3.2 Urbanization

3.3.3 Households

Table | HOUSEHOLDS IN CHINA BY REGION (million units)

3.4 Gross Fixed Capital Formation Outlook

Table | GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)

3.5 Industrialization & Manufacturing Trends

Table | MANUFACTURING VALUE-ADDED IN CHINA (billion yuan)

3.6 Construction Outlook

Table | CONSTRUCTION EXPENDITURES IN CHINA (billion yuan)

3.6.1 Residential Building

3.6.2 Nonresidential Building

3.6.3 Nonbuilding Construction

3.7 Electricity Generation

Table | ELECTRICITY GENERATION BY GENERATOR & FUEL TYPE IN CHINA (billion kilowatt hours)

3.8 Mining Outlook

Table | MINING OUTPUT IN CHINA (billion yuan)

3.8.1 Coal

3.8.2 Metals

3.8.3 Minerals

3.9 Pricing Trends

Table | MINING EQUIPMENT PRICING DEFLATORS IN CHINA (2007=100)

3.10 Mining Equipment Technology Trends

3.11 Regulatory Environment

3.12 World Mining Equipment Market

Table | WORLD MINING EQUIPMENT DEMAND (million dollars)

3.13 Foreign Trade

Table | CHINESE FOREIGN TRADE IN MINING EQUIPMENT (million yuan)

3.13.1 Exports

3.13.2 Imports

3.14 The Eleventh Five-Year Plan

4 PRODUCTS

4.1 General

Table | MINING EQUIPMENT SUPPLY & DEMAND IN CHINA (million yuan)

4.2 Underground Mining Machinery

Table | UNDERGROUND MINING MACHINERY SUPPLY & DEMAND IN CHINA (million yuan)

4.2.1 Extraction Equipment

Table | EXTRACTION EQUIPMENT SUPPLY & DEMAND IN CHINA (million yuan)

4.2.2 Augers & Borers

Table | AUGER & BORER SUPPLY & DEMAND IN CHINA (million yuan)

4.2.3 Roadheading Equipment

Table | ROADHEADING EQUIPMENT SUPPLY & DEMAND IN CHINA (million yuan)

4.2.4 Vehicles & Loaders

Table | VEHICLE & LOADER SUPPLY & DEMAND IN CHINA (million yuan)

4.2.5 Hoists & Other Equipment

Table | HOISTS & OTHER EQUIPMENT SUPPLY & DEMAND IN CHINA (million yuan)

4.3 Surface Mining Machinery

Table | SURFACE MINING MACHINERY SUPPLY & DEMAND IN CHINA (million yuan)

4.4 Mining Drills

Table | MINING DRILL SUPPLY & DEMAND IN CHINA (million yuan)

4.5 Crushing/Pulverizing/Screening Equipment

Table | CRUSHING/PULVERIZING/SCREENING EQUIPMENT SUPPLY & DEMAND IN CHINA (million yuan)

4.5.1 Crushing Equipment

Table | CRUSHING EQUIPMENT SUPPLY & DEMAND IN CHINA (million yuan)

4.5.2 Pulverizing Equipment

Table | PULVERIZING EQUIPMENT SUPPLY & DEMAND IN CHINA million yuan)

4.5.3 Screening Equipment

Table | SCREENING EQUIPMENT SUPPLY & DEMAND IN CHINA million yuan)

4.6 Mineral Processing Machinery

Table | MINERAL PROCESSING MACHINERY SUPPLY & DEMAND IN CHINA million yuan)

4.7 Parts & Attachments

Table | PARTS & ATTACHMENTS SUPPLY & DEMAND IN CHINA (million yuan)

5 MARKETS

5.1 General

Table | MINING EQUIPMENT DEMAND BY MARKET IN CHINA (million yuan)

5.2 Coal Mining