World Mining Machinery Market Sets Up "M&A Tide"

Caterpillar, a giant machinery maker, announced on the 18th that it has completed a $8.8 billion purchase of Bucyrus International. The acquisition was announced in November 2010. Subsequently, Caterpillar Group President Steve Wunning will be responsible for Caterpillar's global mining operations, including Bucyrus, and all mining products will be uniformly "Caterpillar". Brand.

Industry personnel pointed out that from the current global market share of mining machinery products, mining machinery has emerged on the one hand and on the other hand is in a relatively stable equilibrium. With the development of economic globalization, the mining machinery market is entering the climax of market mergers and acquisitions. The concentration of the mining machinery market is quite high. The control of the entire mining machinery industry is basically controlled by the global top ten companies.

The growth of the world mining machinery market is accelerating, and it is the opportunity for market investment. Observe from the trend of market development, whether or not providing comprehensive services in the future will become the most important factor in market competition. These factors include not only the production of products, the support of purchases, but also the support of financial services, etc. These considerations form a high demand for the future development of the company, and Caterpillar has strong capabilities in these areas. The international giant.

From the development of the international giant market, we can see many deficiencies in China's mining machinery market. These deficiencies are also reflected in the entire manufacturing industry. The brand derived from quality, the domestic market has just entered the accelerated period of brand building, there is still a long way to go to forge a good brand. Informatization and financialization are also relatively scarce factors in the current domestic manufacturing market. With the development of economic development in the market, competition in the domestic and foreign markets of mining machinery will become increasingly fierce.

The globalization of the economy and the technological status of China's mining machinery have determined that China still needs to import large quantities of mining machinery products every year, but imported equipment accounts for a small proportion of the domestic market. There are many factors that affect China's mining machinery import market, in addition to policies and regulations, such as sales methods, sales methods, brands and performance, but the main thing is the product's performance, price, delivery time and service.