2026-2032 Coal Mining Machinery and Equipment Industry Segment Market Research and Investment Feasibility Analysis Report

The Rise of a Trillion-Dollar Industry: A Comprehensive Overview of Mechanization and Intelligent Transformation in the Coal Mining Machinery and Equipment Industry

1. Overview of the Coal Mining Machinery and Equipment Industry

Coal mining equipment manufacturing technology, as a key support for the productivity of the coal industry, is an important guarantee for promoting the adjustment of the coal industry structure, achieving industrial optimization and upgrading, and sustainable development. The continuous improvement of coal mining equipment manufacturing levels will strongly promote my country's coal industry towards large-scale and modernization. Therefore, the development of the coal mining equipment manufacturing industry has become the core engine driving the transformation and upgrading of the coal industry, and the progress of the coal industry will also continuously drive the rapid development of the coal mining equipment manufacturing industry, opening up new growth opportunities for the industry.

In recent years, my country has continuously promoted the elimination of backward production capacity, reduced the number of small coal mines, and focused on improving the mechanization, intelligence, and informatization levels of mines, using a combination of legal, economic, and administrative means. These measures have led to continuous optimization of the coal industry structure and cleaner and safer production. These policy measures have laid a solid foundation for the healthy development of the coal mining equipment manufacturing industry.

2. Current Development Status of the Coal Mining Machinery and Equipment Industry

(1) The Dominant Position of Coal in China's Energy Structure Supports the Coal Mining Equipment Market

As the world's largest coal producer and consumer, coal has long occupied a central position in China's energy structure. Although the proportion of clean energy has gradually increased in recent years, coal remains the "cornerstone" of my country's energy supply, continuously driving the demand for coal mining machinery and equipment. With the continuous development of the national economy and the steady growth of energy demand, national raw coal production has maintained a steady upward trend. In 2024, the national raw coal output of industrial enterprises above designated size reached 4.78 billion tons, a record high. my country's resource endowment characteristics of "abundant coal, scarce oil, and limited gas" determine that the dominant position of coal as the main energy source will remain unshakable for a considerable period in the future.

(2) The mechanization and intelligence levels of coal mining equipment are continuously improving, and there is still significant market potential.

Driven by national policies, my country has achieved remarkable results in the mechanization and intelligent development of coal mines: the mechanization rate of coal mining in large coal enterprises has reached 99.01%, far exceeding the planned target of 95% by 2030, and the mechanization level of small and medium-sized enterprises is also continuously improving; however, the mechanization rate of tunneling is only 65% to 70%, creating a significant gap compared to the coal mining mechanization rate, leading to "imbalance between mining and tunneling." Furthermore, the tunneling process requires a large workforce, making the need for mechanization urgent. The target for the mechanization rate of tunneling is over 75% by the end of the "14th Five-Year Plan." In terms of intelligence, as of May 2024, cumulative investment has exceeded 112 billion yuan, and more than a thousand intelligent coal mining and tunneling workfaces have been built, significantly improving safety and efficiency while reducing manpower. According to policy requirements, there are clear targets for the proportion of intelligent coal mining capacity, the number of intelligent workfaces, and the normalized operation rate by 2026. The future demand for intelligent equipment in the coal mining industry is enormous.

(3) The need for improved safety and efficiency in coal mining further increases the demand for mechanization.

Many coal mines in my country are suitable for underground mining, which is difficult and requires strict equipment standards. In the past, insufficient coal mining technology led to frequent accidents in manual mining, prompting the government and enterprises to accelerate the mechanization and intelligence of coal mines to reduce the number of underground workers and improve safety warning capabilities. The government implemented a three-year special campaign for coal mine safety production, cracking down on illegal mining, closing outdated mines, and urging enterprises to fulfill their primary responsibilities. Large coal enterprises have increased investment in safety technology upgrades, achieving "human supervision, unmanned operation" through equipment upgrades. Policies encourage "replacing people with machines" in dangerous areas underground, and equipment such as inspection robots and intelligent coal mining machines are gradually being promoted. The number of intelligent mining and tunneling workfaces nationwide increased from over 400 in 2020 to approximately 1930 in 2025, generally reducing on-site personnel by more than 50%, achieving remote centralized control. The coal mine fatality rate per million tons of coal mined decreased from over 5% in the 1990s to less than 0.05% in 2021. In the future, with the integration of technologies such as 5G and artificial intelligence into coal mining equipment, under policy guidance and enterprise investment, coal mine safety performance will be further improved, achieving a virtuous cycle of production and safety.

(4) Complex geological conditions pose higher demands on product performance

my country's coalfield geological conditions are more complex than those of many other countries, including the United States and India. There are few open-pit coal mines, with underground mining being the primary method. Approximately 70% of coal mines have complex geological conditions, which not restricts the construction of large-scale coal mines but also makes it difficult to adapt large-scale standardized coal mining equipment. Currently, anchor bolt support in complex geological coal mines mostly relies on manual drilling rigs, resulting in high labor requirements, low efficiency, and insufficient safety. Therefore, the demand for anchor bolt support equipment adapted to specific geological conditions is increasing in various coal mines.

(5) Demand for upgrading and retrofitting existing equipment

Mechanized coal mining can improve mining efficiency and coal recovery rate. The higher the degree of mechanization, the less labor is required. Against the backdrop of rising labor costs, the economic advantages of mechanized mining are becoming more prominent, and the willingness to invest in equipment is increasing. The design life and replacement cycle of coal mining machinery in my country are both 5 years. Coupled with improved industry profitability, the demand for equipment upgrading and retrofitting will grow rapidly. Small and medium-sized coal mines, due to complex geological conditions, low production capacity, and small tunnel cross-sections, face difficulties in applying large-scale equipment and have a low degree of mechanization. According to the plan, they need comprehensive technological transformation to achieve mechanized production.

3. Industry Competitive Landscape

The coal mining machinery industry exhibits a two-tiered competitive landscape characterized by both "leading players and niche breakthroughs." On one hand, large state-owned enterprises, relying on their comprehensive advantages in accumulated experience, technological strength, and capital scale, maintain relatively stable market share. Their products primarily focus on the "three machines and one frame" and related auxiliary transportation equipment, which account for a significant portion of the coal mining machinery market. On the other hand, small and medium-sized private enterprises, leveraging their flexible operating mechanisms and efficient operations, are more targeted in technology research and development and marketing. To adapt to diverse customer needs and varied construction environments, these companies are focusing on differentiated product development, particularly experiencing rapid growth in niche areas such as anchor bolt support and tunneling equipment, and have gradually established a certain competitive advantage in the industry.

Major companies in the industry include Tiandi Technology, Chuangli Group, China Railway Construction Heavy Industry, Jiangsu Zhonggui Heavy Industry Co., Ltd., Shanxi Tianju Heavy Industry Machinery Co., Ltd., Shandong Tianhe Technology Co., Ltd., and China Coal Technology & Engineering Group Taiyuan Research Institute Co., Ltd.