Mining equipment refers to the general term for professional machinery and equipment used to realize resource exploration, mining, crushing, sorting, transportation, auxiliary support and other functions in the entire process of mining (including coal, metal ores, non-metallic ores, etc.).
It mainly includes mine construction and exploration equipment (excavators, bulldozers, road rollers, loaders, etc.), mining equipment (mining machines, tunnel boring machines, raise drilling rigs, etc.), mineral processing equipment (crushers, magnetic separators, flotation machines, sand making machines, etc.), material transportation equipment (scraper conveyors, mining trucks, mine hoists, etc.), and auxiliary support equipment (mining ventilators, mining centrifugal pumps, etc.).
According to the “Top 50 Global Mining Equipment Manufacturers in 2025”, the total sales of the companies on the list were US$76.655 billion (approximately RMB 545.75 billion), a year-on-year decrease of 4.0%.
Among them, 14 are traditional mining engineering machinery manufacturers, and the remaining companies are leaders in subdivisions.
From the perspective of country distribution, China has 13 companies on the list, ranking first; followed by the United States with 11 companies, Germany with 7 companies, Japan with 4 companies, Sweden with 3 companies, Finland and the United Kingdom with 2 companies each, Austria, Australia, Belarus, Belgium, Canada, Denmark, Poland, and South Africa each occupy 1 seat.
However, overall, Chinese companies are “too many but not strong enough”, with total sales of US$14.723 billion, accounting for 19.21% of the total sales of the top 50 companies.
Ranked third, behind American companies ($16.987 billion, accounting for 22.16%) and Japanese companies ($15.363 billion, accounting for 20.04%).
China’s companies on the list are Tiandi Technology (6), Zhengzhou Mining Machinery Group (7), Xugong Group (12), Sany Heavy Equipment (13), China Coal Equipment (14), and Lingong Heavy Machinery (17)
), Tongli Heavy Industry (19), CITIC Heavy Industry (21), Chuangli Group (27), Northern Group (28), Shandong Mining Machinery (32), Zoomlion (38), Huate Magnetoelectric Group (48).
Among them, Zhengmei Machinery (now renamed Zhongchuang Zhiling) rose one place, with sales reaching US$3.274 billion.
This is one of the world’s largest hydraulic support manufacturers, with a global market share of 30% and a domestic high-end market share of over 80%.
The smart park located in Zhengzhou Economic and Technological Development Zone will be put into operation in 2022. It will be rated as a “Lighthouse Factory” in October 2024. This is also the first lighthouse factory in the global coal machinery industry, realizing digital control of the entire product process.
Tiandi Technology, China’s largest mining equipment manufacturer, ranked sixth with revenue of $3.274 billion.
This is a listed company controlled by China Coal Science and Technology Corporation. It was founded in the millennium and has become one of the companies with the most complete industrial chain layout in the global coal industry. Its main products include complete sets of intelligent coal machinery equipment, safety equipment, washing equipment, high-efficiency energy-saving and environmental protection equipment, monitoring and control systems, etc.
As the “national team” for scientific and technological innovation in the coal industry, Tiandi Technology will invest 2.188 billion yuan in R&D in 2024 and continue to strengthen key core technology research.
The complete set of technology and equipment for fully mechanized mining of extra-thick coal seams with a super-large mining height of 10 meters has broken new heights in coal mining in the world. The integrated rapid tunneling system of coal mine excavation, support and transportation has set a world record for coal tunnel tunneling footage.
In the first half of this year, the company invested 897 million yuan in R&D, a year-on-year increase of 4.28%; it obtained 140 new patent authorizations, a year-on-year increase of one-third.
The sales of the top five companies accounted for more than 55% of the total sales of the top 50, namely Caterpillar of the United States, Komatsu of Japan, Sandvik of Sweden, and Epir of Sweden.
oc) and Finland’s Metso (Metso), with sales of US$12.389 billion (-8.8%), US$12.204 billion (+0.2%), US$6.738 billion (-12.0%), US$5.767 billion (-3.7%), and US$5.060 billion (-15.0%) respectively.
Although its lead has been narrowed, Caterpillar is still the world’s largest mining equipment manufacturer, with revenue equivalent to approximately RMB 88.2 billion.
Public information shows: This American company was founded in the mid-1920s and is headquartered in Illinois. It continues to make efforts in the fields of open-pit mining and underground hard rock mining, launching the 230-ton 6020 mining hydraulic excavator and the 372-ton electric drive 7
98AC mining truck, 25-ton 995 large wheel loader, 535-horsepower 24 series high-horsepower grader, MD6310 large-scale roller drilling rig with a maximum hole diameter of 3.11 meters, gasoline-electric hybrid R2900XE scraper loader and other products.
In 2024, electrification is the core direction of Caterpillar’s mining equipment layout, and it will release the 240-ton battery-driven 793 XE mining truck and the battery-driven R1700 XE underground scraper loader.
At the same time, driverless technology has developed rapidly. As of the end of last year, its operating driverless trucks had transported a total of 8.3 billion tons of materials, covering products ranging from 139 to 363 tons.
