Himfr Analyzes Coal Machine Market Situation

2010-09-10 21:54 1673

    BEIJING, Sept. 10 /PRNewswire-Asia/ --, one of China’s leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes the coal machine market situation.

    As raw material costs are rising, coal machine market growth brings optimism. Himfr analyzes that although this year coal consumption’s peak season drawing near, Chinese coal prices face adjustments, and coal production is facing many uncertainties. However in the next few years, coal machine market demand will remain strong.

    According to the Himfr’s analysis, China’s small mines capacity accounts for 1/3 of the total coal output, but often use outdated production methods, so the demand for coal machines is lessening. In the second half of 2010, coalmine integration that objectively promoted large-scale modernized coalmine construction, greater scale, and technical modernization began, which for large-scale coal machinery development and applications provides a large industry platform.

    In addition, for coalmine safety and improved mining efficiency, greater coal mining mechanization is a good solution. Chinese coal mining mechanization has a lot of room for improvement, and the potential demand for coal machinery cannot be ignored.

    Himfr reports that coal machinery’s economic life is about 8 years; China’s coal machine sales from 2000 onward began to increase. At present manufacturers are in a replacement period, and in future years, the update requirement will be increasing.

    However, Himfr analyzes that in the long run, China coal output growth will experience a downward trend, therefore, coal machine demand growth will gradually decline. At present, the coal industry’s fixed asset investment growth, after experiencing growth, is now in a downward trend.

    Himfr believes that the coal equipment industry wants to achieve greater development, but first needs to enhance structural economic adjustments. Guided by the market, with large enterprises as the core, the industry needs to actively promote coal enterprise development. Second is the need to increase independent innovation and accelerate construction of enterprise innovation and development ability. Third is the need to intensify the implementation of the talent strategy for the long-term development of the equipment manufacturing industry. Fourth is the need to perfect equipment manufacturing related policies and provide necessary policy security for the equipment manufacturing industry development.

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Keywords: Retail