The high barrier characteristic of the shot blasting machine industry has indeed created obstacles for the development of domestic shot blasting machine enterprises, but it has also become a protective wall for leading enterprises in the domestic high-precision shot blasting machine industry and a barrier for latecomer enterprises to enter. The technological advantages of leading shot blasting machine enterprises relative to domestic latecomer enterprises will be maintained for a long period of time. The shot blasting machine industry shares a global feast. Due to the prosperity of the economy, the trend of economic globalization is becoming increasingly evident, and the global shipping industry and related shot blasting machine manufacturing industries continue to prosper.
At present, the completion volume of shot blasting machines worldwide is steadily increasing, while the number of new orders and handheld orders is rapidly growing. The production capacity of shot blasting machines cannot keep up with the growth rate of new orders. The Chinese shot blasting machine industry has the objective conditions for industrial transfer, and the trend of shot blasting machine centers shifting to China is already very obvious. The cost factor determines the direction of industrial transfer. In 2009, the average labor cost in Japan and South Korea accounted for about 30% of the cost of a new shot blasting machine, while in China it was less than 10%.
The competitive advantage of low cost has enabled China's shot blasting machine industry to rapidly expand its market share, and it is now on par with South Korea in terms of traditional shot blasting machine orders. Due to the booming market for shot blasting machines in recent years, the inventory of shot blasting machines for bulk cargo, oil tankers, and containers has sharply increased. Based on the basic practices of offshore shot blasting machine operation and relevant insurance company regulations. Sea transportation shot blasting machines usually require small, medium, and large-scale maintenance every one, three, or five years. Therefore, the repair business of shot blasting machines will have a relatively stable increase in the next few years.