Current market demand status of underground mining equipment

At present, the utilization rate of underground mining equipment is gradually increasing. To have a higher return rate, we have combined customer feedback and years of the rich experience accumulated in real-world applications when designing every detail of underground mining equipment. As a result, each of our underground mining equipment has an ergonomic design, powerful performance, and excellent productivity. Next, let us talk about the current market demand for underground mining equipment. Here are some answers.

Increase in market demand.

The concentration of enterprises has further increased.

Increase in market demand.

With the rapid development of my country’s socialist economic level today, my country’s underground mining equipment industry has entered an era of rapid progress, and a variety of underground mining equipment with a relatively high degree of automation not only directly reduces people’s self The labor intensity is also directly improved work efficiency, and the degree of mechanization has been correspondingly improved. Therefore, the market demand for underground mining equipment has skyrocketed. Not only the domestic market but underground mining equipment is also sold in large quantities to overseas markets. Many places such as Canada, Australia, and Russia also have great demand for underground mining equipment.

The concentration of enterprises has further increased.

From the perspective of the competitive landscape of underground mining equipment companies, the market concentration of TOP10 companies in underground mining equipment sales is about 80%, an increase of 1.3 percentage points compared with the same period in 2019, and the concentration of companies is even higher. According to statistics, a total of 75 companies have achieved sales in 2020, 4 of which have sold more than 30,000 vehicles, 7 companies have sold 10,000-20,000 vehicles, and a total of 18 companies have sold 1,000-10,000 vehicles. There are 46 companies with fewer than 1,000 vehicles, accounting for 61.3%. From the perspective of the regional distribution of underground mining equipment, underground mining equipment products are mainly sold to areas with fast economic development and many infrastructure projects such as Hainan, Guangxi, Sichuan, Yunnan, and Guizhou. The TOP10 market concentration of sales volume was 62.8%, an increase of 0.1% compared to the same period in 2019. From the perspective of full-year sales in 2020, there are 7 regions with cumulative sales of more than 20,000 vehicles, of which 10.5% market share occupies the top spot.

Our official website is https://www.fambition.com/. If you are in a related profession, or are interested in our underground mining equipment, or have any other needs, please do not hesitate to contact us. We focus on scientific and technological innovation and regard quality as life. Our trackless equipment is designed, manufactured, and tested based on the principles of safety, environmental protection, high efficiency, intelligence, and reliability based on the international cutting-edge brand, ensuring the excellent quality of each piece of equipment. While improving efficiency and reducing costs for customers, it also contributes to the improvement of the safety and working environment of mine practitioners. Our underground dump trucks and other products are especially praised by customers.