Global Wear Resistant Steel Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Wear Resistant Steel Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Wear Resistant Steel are carbon steels used in high abrasion environments, such as in mining equipment, shredders or dumper bodies. Their abrasion resistance is typically measured in terms of indentation hardness.

According to our (Global Info Research) latest study, the global Wear Resistant Steel market size was valued at US$ 4269 million in 2023 and is forecast to a readjusted size of USD 5794 million by 2030 with a CAGR of 4.5% during review period.

Global key players of Wear Resistant Steel include SSAB, LY STEEL, JFE, ThyssenKrupp, ESSAR Steel Algoma, etc. The top five players hold a share about 63%. Europe is the largest market, and has a share about 34%, followed by North America and Asia-Pacific with share 29% and 27%, separately. In terms of product type, 500 HB is the largest segment, occupied for a share of 32%. In terms of application, Mining has a share about 56 percent.

This report is a detailed and comprehensive analysis for global Wear Resistant Steel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, byType and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Wear Resistant Steel market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2019-2030

Global Wear Resistant Steel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2019-2030

Global Wear Resistant Steel market size and forecasts, byType and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2019-2030

Global Wear Resistant Steel market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Wear Resistant Steel

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Wear Resistant Steel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SSAB, JFE, ThyssenKrupp, Dillinger, Bisalloy, ESSAR Steel Algoma, ArcelorMittal, NSSMC, NLMK Clabecq, Acroni, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Wear Resistant Steel market is split byType and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value byType, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment byType
Under HBW 400
400 HB
450 HB
500 HB
Above HBW 500

Market segment by Application
Mining
Recycling
Yellow Goods
Tippers
Agriculture
Forestry
Others

Major players covered
SSAB
JFE
ThyssenKrupp
Dillinger
Bisalloy
ESSAR Steel Algoma
ArcelorMittal
NSSMC
NLMK Clabecq
Acroni
Salzgitter
LY STEEL
HBIS
Baowu Group
Bisalloy Jigang
NanoSteel
Tata Steel
voestalpine

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Wear Resistant Steel product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Wear Resistant Steel, with price, sales quantity, revenue, and global market share of Wear Resistant Steel from 2019 to 2024.

Chapter 3, the Wear Resistant Steel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Wear Resistant Steel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales byType and by Application, with sales market share and growth rate byType, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Wear Resistant Steel market forecast, by regions, byType, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Wear Resistant Steel.

Chapter 14 and 15, to describe Wear Resistant Steel sales channel, distributors, customers, research findings and conclusion.