The global Wear Resistant Steel market was valued at US$ 2966.5 million in 2022 and is projected to reach US$ 3984.9 million by 2029, at a CAGR of 4.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Wear resistant steel are carbon steels used in high abrasion environments, such as in mining equipment, shredders or dumper bodies. Their wear resistance is typically measured in terms of indentation hardness.
This report aims to provide a comprehensive presentation of the global market for Wear Resistant Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wear Resistant Steel. This report contains market size and forecasts of Wear Resistant Steel in global, including the following market information:
Global Wear Resistant Steel Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Wear Resistant Steel Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Wear Resistant Steel companies in 2022 (%)
Global wear resistant steel main manufactuers include SSAB, JFE and ThyssenKrupp, totally accounting for about 43% of the market. Europe is the largest market of wear resistant steel, holding a share more than 50%. As for the types of products, it can be divided into under HBW 400, HBW 400-500 and above HBW 500. The most common type is HBW 400-500, with a share over 67%. As for the application of products, it is widely used in construction industry and mining equipment industry. The most common application is in construction industry, with a share about 54%.
We surveyed the Wear Resistant Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wear Resistant Steel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Wear Resistant Steel Market Segment Percentages, by Type, 2022 (%)
- Under HBW 400
- HBW 400-500
- Above HBW 500
Global Wear Resistant Steel Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Wear Resistant Steel Market Segment Percentages, by Application, 2022 (%)
- Construction
- Mining Equipment
- Others
Global Wear Resistant Steel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Wear Resistant Steel Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Wear Resistant Steel revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Wear Resistant Steel revenues share in global market, 2022 (%)
- Key companies Wear Resistant Steel sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Wear Resistant Steel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- SSAB
- JFE
- ThyssenKrupp
- Dillinger
- Bisalloy
- ESSAR Steel Algoma
- ArcelorMittal
- NSSMC
- NLMK Clabecq
- Bisalloy Jigang
- NanoSteel
- Baowu Group
- WUYANG Steel
- ANSTEEL
- Baowu Group(TISCO)
- Acroni
- Salzgitter
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Wear Resistant Steel, market overview.
- Chapter 2: Global Wear Resistant Steel market size in revenue and volume.
- Chapter 3: Detailed analysis of Wear Resistant Steel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Wear Resistant Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Wear Resistant Steel capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
