In the first half of 2026, the domestic mining hydraulic excavator industry will show a triple positive trend of domestic demand recovery, overseas volume expansion, and technological iteration. Electrification, large tonnage, and intelligence will become the core development lines of the industry, and the global market competitiveness of domestic equipment will continue to rise.

The domestic demand side benefits from energy supply guarantee and the implementation of green mining policies, accelerating the replacement of old fuel equipment in large open-pit mining areas, and significantly increasing the demand for hydraulic excavators with a capacity of over 100 tons. In the first half of the year, the sales volume of large excavators increased by over 20% year-on-year, with the growth rate of electric mining being particularly prominent. Multiple electric drive mining models from heavy industry enterprises have been delivered in bulk to mining areas, reducing energy consumption costs by 35% to 60% compared to traditional fuel powered models, and significantly reducing maintenance costs. Combined with dual power and energy storage power supply solutions, they solve the power supply problems in underground and remote mining areas, meeting the requirements of low-carbon mining. At the policy level, it is clear to promote the intelligent transformation of mines, encourage the landing of 5G remote control and unmanned mining excavators, and synchronously improve equipment safety and mining efficiency.

Overseas markets have become a new engine for industry growth, and the export volume of domestic mining hydraulic excavators continues to rise. Recently, a batch of 400 ton ore excavation has been sent to open-pit mines in Africa, breaking the record for single overseas mining of domestically produced ultra large tonnage ore; The equipment is sold in bulk to mineral bases in Central Asia and South America. With customized designs that are highly reliable and adaptable to complex mining conditions, it has seized the market share of overseas super large excavators, and the international market share of domestic equipment has steadily increased. The overseas mineral development boom has driven a surge in mining orders ranging from 200 to 400 tons, and the industry’s export structure has shifted from small and medium-sized equipment to high-end large tonnage models.

Industry data shows that the global mining hydraulic excavator market maintains stable growth, and domestic manufacturers continue to increase research and development of core technologies such as hydraulic systems, explosion-proof electric, and intelligent sensing, gradually breaking the monopoly of overseas brand technology. Industry experts analyze that in the second half of the year, with the expansion of domestic mines and increased investment in overseas mineral capital, the production and sales of mining hydraulic excavators will continue to rise. Electrification, complete sets, and integrated services will become the core competitive track for enterprises, and domestic mining equipment is expected to further expand its advantages in domestic and foreign markets.