Abstract:Coal mining machinery aftermarket service refers to the service demand for equipment maintenance, updating, upgrading and transformation in the process of coal mining and transportation. According to the National Bureau of Statistics, the mainland's raw coal output in 2023 will be 465838 million tons, a year-on-year increase of 2.9%. In this context, the aftermarket service industry of coal mining machinery has ushered in new development opportunities. With the upgrading of the raw coal industry, the performance and reliability of coal mining machinery and equipment are required to be higher, which prompts the coal mining machinery aftermarket service industry to continuously improve the technical level and service quality to meet market demand. In the future, with the continuous innovation of the coal industry, the demand for raw coal will continue to grow, driving the growing demand for equipment for coal mining machinery, and will also create a large amount of incremental demand for the industry's aftermarket services.
1. Definitions and Classification
Coal mining machinery aftermarket service refers to the service demand for equipment maintenance, updating, upgrading, and transformation generated in the process of coal mining and transportation. These services are designed to ensure the continuous, efficient and safe operation of coal mining machinery and equipment to meet the needs of coal production. As an indispensable part of coal production, the development of coal mining machinery aftermarket services is of great significance to ensure the smooth progress of coal production and improve production efficiency.
Second, industry policies
1. Competent authorities and regulatory system
The National Development and Reform Commission, the Ministry of Industry and Information Technology of the People's Republic of China, and the Ministry of Emergency Management of the People's Republic of China manage the industrial macro planning of the aftermarket service industry of coal mining machinery. The National Development and Reform Commission is mainly responsible for researching and formulating industrial policies and industrial development plans, promoting the reform of the industrial system, and promoting the development of industrial technology. The Ministry of Industry and Information Technology of the People's Republic of China is mainly responsible for researching and proposing industrial development strategies, formulating industrial plans and industrial policies, organizing the implementation, and guiding the formulation of technical regulations and industry standards for industrial industries. The Ministry of Emergency Management of the People's Republic of China organizes the preparation of the overall national emergency plan and plan, guides the work of all regions and departments in responding to emergencies, promotes the construction of the emergency plan system and the drill of the emergency plan, and is responsible for the comprehensive supervision and management of production safety and the supervision and management of production safety in the industry, mining, commerce and trade industries.
China Mechanical and Electrical Equipment Maintenance and Transformation Technology Association, China Equipment Management Association, China Coal Mining Machinery Industry Association, China Construction Machinery Industry Association, etc. are national self-regulatory organizations in the coal mining machinery aftermarket service industry, which manage the industry in terms of technical standards and industry promotion, and are responsible for the industry and market research of the coal mining machinery aftermarket service industry, put forward industrial development suggestions to government departments, and promote foreign exchanges in the industry.
2. Industry-related policies
The coal industry is the basic support for the economic and social development of the mainland, and the integrated development of the coal industry and digital technology is also an important engine to promote the upgrading of the coal industry base and the modernization of the industrial chain in the new era. In order to accelerate the high-quality transformation and development of the coal industry, in March 2023, the National Energy Administration issued the "Several Opinions on Accelerating the Development of Energy Digitalization and Intelligence", proposing to promote the construction and normalized operation of unmanned driving systems in large-scale open-pit coal mines, support the adoption of semi-continuous and continuous mining process systems in open-pit coal mines, and improve the level of intelligent mining and safe production in open-pit coal mines. The implementation of relevant industrial policies will accelerate the digital transformation and development of the coal industry, further increase the demand for coal mining machinery and equipment, and create sufficient development space for the industry's aftermarket services.
3. Industry barriers
1. Financial barriers
The financial barriers of the coal mining machinery aftermarket service industry are mainly reflected in the need for a large amount of capital investment to meet the operational needs. Service providers need to purchase and maintain state-of-the-art equipment, train personnel, and establish maintenance bases to cope with market volatility and unforeseen risks. All of this requires a huge amount of financial support. Therefore, it is difficult for enterprises with insufficient funds to enter the market competition. Financial barriers limit the entry of new enterprises, and also affect the expansion ability and service quality improvement of existing enterprises.
2. Talent and technical barriers
Coal mining machinery and equipment aftermarket services require enterprises to have perfect mechanical equipment dismantling, shot blasting, painting, jack repair, electro-hydraulic control testing and other maintenance and remanufacturing processes, as well as underground mapping, 3D design, loss judgment and other parts supply management technology, as well as improve advanced quality testing technology and new process research and development capabilities. Talent and technology are the key drivers of industry development, and a leading talent echelon can ensure the leadership of service quality and technology. New entrants to the market are constrained by small scale and late technology starts, and there is also a lack of attraction to talent, and the competition is relatively at a disadvantage.
3. Brand barriers
The main service objects of the coal mining machinery and equipment aftermarket service industry are large state-owned coal production enterprises, and there are strict audit procedures in many aspects such as the safety, applicability, economy, reliability and stability of the solutions provided by the enterprises when selecting partners, and there are high requirements for the qualifications of suppliers. For example, the China Energy Investment Group implements a short-list management model for high-quality suppliers, and it will be difficult for small-scale, weak-strengthening, and inexperienced service providers to gain competitive opportunities.
Fourth, the development process
The development process of the aftermarket service industry of coal mining machinery in mainland China has gone through three stages: gestation, start-up and adjustment, and rapid development. In the early days, the industry began to take off with the improvement of the mechanization rate of coal mines, and the demand for simple equipment maintenance and spare parts procurement gradually emerged. Later, under the prosperity and development of the coal market, a large amount of social capital was invested, and coal enterprises and host manufacturers entered the market one after another, which promoted the development of the aftermarket service industry. In recent years, with the stability of the coal market and the further improvement of the mechanization rate, the demand for aftermarket services has become increasingly strong, and third-party professional service providers have begun to emerge, and their service capabilities and technical level have been improved.
Fifth, the industrial chain
1. Analysis of the industry chain
The raw materials used by upstream suppliers in the aftermarket service industry chain of coal mining machinery are mainly steel and rubber, and the price is affected by the overall price trend of steel and rubber. If there is a major event in the global steel or rubber market that causes large price fluctuations, the company's raw material procurement costs may fluctuate greatly and affect the operating conditions. The industrial chain of China's coal mining machinery aftermarket service industry is shown in the following figure:
Note: This article is transferred from the Zhiyan Industry Encyclopedia platform, if you need to get more industry information and customized services, you can enter the official website of Zhiyan Consulting to search and view.
Zhiyan Industry Encyclopedia is a production and research tool platform launched by Zhiyan Consulting, which is committed to providing you with a full range of encyclopedic industry information query services. Zhiyan Consulting practices the corporate mission of driving industrial development with information, improves and enriches enterprise methodology, relies on the industry encyclopedia platform to enhance the value of information, and continues to empower industry development and enterprise investment decision-making. As a one-stop systematic research tool for the aftermarket service industry of coal mining machinery, the Encyclopedia of Coal Mining Machinery Aftermarket Service Industry comprehensively summarizes the knowledge and information of the aftermarket service industry of coal mining machinery, covering the definition, classification, policy, industrial chain, competition pattern, development trend, etc. of the aftermarket service industry of coal mining machinery, and relies on information technology to establish an industry knowledge graph of intelligent interchain, providing in-depth insight and comprehensive information for industry research practitioners and relevant investors.
Zhiyan Consulting takes "using information to drive industrial development and empower enterprise investment decision-making" as its brand concept. Provide professional industrial consulting services for enterprises, including high-quality industry research reports, special customization, monthly topics, feasibility study reports, business plans, industrial planning, etc. It also provides weekly/monthly/quarterly/annual reports and customized data such as regular reports, covering policy monitoring, corporate dynamics, industry data, product price changes, investment and financing overview, market opportunities and risk analysis, etc.