Global Wear Resistant Steel Market Growth 2023-2029

Global Wear Resistant Steel Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Wear Resistant Steel Industry Forecast” looks at past sales and reviews total world Wear Resistant Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Wear Resistant Steel sales for 2023 through 2029. With Wear Resistant Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wear Resistant Steel industry.
This Insight Report provides a comprehensive analysis of the global Wear Resistant Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wear Resistant Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wear Resistant Steel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wear Resistant Steel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wear Resistant Steel.
The global Wear Resistant Steel market size is projected to grow from US$ 2820.3 million in 2022 to US$ 3881.5 million in 2029; it is expected to grow at a CAGR of 3881.5 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Wear Resistant Steel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Under HBW 400
HBW 400-500
Above HBW 500
Segmentation by application
Construction
Mining Equipment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wear Resistant Steel market?
What factors are driving Wear Resistant Steel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wear Resistant Steel market opportunities vary by end market size?
How does Wear Resistant Steel break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.