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PUBLISHER: Grand View Research | PRODUCT CODE: 1679589
PUBLISHER: Grand View Research | PRODUCT CODE: 1679589
Wear Plates Market Size, Share & Trends Analysis Report By Material (Steel, Ceramics), By End Use (Mining & Quarrying, Steel & Cement, Construction & Earthmoving Equipment, Oil & Gas), By Region, And Segment Forecasts, 2025 - 2030
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Wear Plates Market Growth & Trends:
The global wear plates market size is anticipated to reach USD 5.45 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Wear plates enhance equipment durability and performance by reducing wear and tear in high-abrasion environments. One of the main drivers of growth in the market is the increasing demand for durable and cost-effective solutions in heavy industries. As industries such as mining, cement, and steel production expand, wear-resistant materials become crucial to ensure operational efficiency and reduce maintenance costs.
Using high-hardness materials like chromium carbide, alloy steels, and ceramics has enabled manufacturers to create products that can withstand extreme conditions, resulting in longer product lifecycles. Improvements in manufacturing processes, such as laser cladding and welding, have further enhanced the effectiveness of wear plates, contributing to the growing demand across industries.
The growth of the construction industry is also a major factor proliferating the market. With ongoing infrastructure development and urbanization, construction machinery such as excavators, loaders, and cranes require wear plates to operate efficiently under harsh working conditions. These plates protect vital components of construction machinery from excessive wear, reducing maintenance downtime and extending the lifespan of equipment. As infrastructure projects grow globally, particularly in emerging economies, the demand for high-quality wear plates continues to increase.
The mining sector is pivotal in driving the demand for wear plates. Mining operations, particularly those involving the extraction of minerals, coal, and metals, often operate in environments with extremely abrasive conditions. Wear plates are vital in protecting equipment such as crushers, conveyors, and hoppers from the damaging effects of abrasion. As the demand for minerals and metals rises, especially in developing economies, the need for wear-resistant solutions to handle extreme operating conditions fuels the growth of the wear plates market.
Furthermore, the increasing focus on sustainability and cost efficiency is another key factor contributing to the market's expansion. Companies are continually seeking solutions to reduce the environmental impact of their operations, and wear plates help by reducing the frequency of repairs and replacements, thus lowering waste and improving overall efficiency. The adoption of wear plates in sectors like agriculture and energy, including wind and solar power, is expanding as companies focus on extending the life cycle of their equipment and minimizing maintenance costs. As industries strive for better sustainability practices, wear plates have become vital in maintaining cost-effectiveness and performance, further boosting their market growth.
Wear Plates Market Report Highlights:
- Based on material, steel dominated the market with a market share of 66.9% in 2024 due to its high durability, strength, and ability to withstand wear and abrasion in heavy-duty industrial applications. Additionally, its cost-effectiveness and availability further contributed to its market leadership
- Based on end use, mining & quarrying dominated the market with a market share of 40.0% in 2024, driven by the high demand for wear-resistant materials in the extraction and processing of minerals, as well as the harsh operating conditions in these industries
- Asia Pacific is the dominant region for the wear plates market, with a revenue share of over 42.0% in 2024 due to rapid industrialization, growing construction and mining activities, and increased demand for wear-resistant materials in heavy machinery and equipment
Product Code: GVR-4-68040-525-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Wear Plates Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Wear Plates Market: Material Estimates & Trend Analysis
- 4.1. Wear Plates Market: Material Movement Analysis, 2024 & 2030
- 4.2. Steel
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Ceramics
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Others
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Wear Plates Market: End Use Estimates & Trend Analysis
- 5.1. Wear Plates Market: End Use Movement Analysis, 2024 & 2030
- 5.2. Mining & Quarrying
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Steel & Cement
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Construction & Earthmoving Equipment
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Oil & Gas
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Wear Plates Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.5. Spain
- 6.3.5.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.6. UK
- 6.3.6.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.7. France
- 6.3.7.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.8. Italy
- 6.3.8.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. SSAB
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. JFE
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. ThyssenKrupp
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Dillinger
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. ArcelorMittal
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Essar Steel Algoma
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. NSSMC
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Wuyang Steel
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. Xinyu Iron & Steel
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. NLMK Clabecq
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.11. Baosteel Group
- 7.7.11.1. Company Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.12. Baohua Resistant Steel
- 7.7.12.1. Company Overview
- 7.7.12.2. Financial Performance
- 7.7.12.3. Product Benchmarking
- 7.7.13. Bisalloy
- 7.7.13.1. Company Overview
- 7.7.13.2. Financial Performance
- 7.7.13.3. Product Benchmarking
- 7.7.14. ANSTEEL
- 7.7.14.1. Company Overview
- 7.7.14.2. Financial Performance
- 7.7.14.3. Product Benchmarking
- 7.7.15. TISCO
- 7.7.15.1. Company Overview
- 7.7.15.2. Financial Performance
- 7.7.15.3. Product Benchmarking
- 7.7.1. SSAB
Product Code: GVR-4-68040-525-6
List of Tables
- Table 1 Wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 2 Wear plates market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- Table 3 Wear plates market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- Table 4 North America wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 5 North America wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 6 North America wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 7 U.S. wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 8 U.S. wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 9 U.S. wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 10 Canada wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 11 Canada wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 12 Canada wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 13 Mexico wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 14 Mexico wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 15 Mexico wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 16 Europe wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 17 Europe wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 18 Europe wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 19 Germany wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 20 Germany wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 21 Germany wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 22 UK wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 23 UK wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 24 UK wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 25 Spain wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 26 Spain wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 27 Spain wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 28 France wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 29 France wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 30 France wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 31 Russia wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 32 Russia wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 33 Russia wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 34 Italy wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 35 Italy wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 36 Italy wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 37 Asia Pacific wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 38 Asia Pacific wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 39 Asia Pacific wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 40 China wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 41 China wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 42 China wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 43 India wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 44 India wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 45 India wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 46 Japan wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 47 Japan wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 48 Japan wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 49 South Korea wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 50 South Korea wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 51 South Korea wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 52 CSA wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 53 CSA wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 54 CSA wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 55 Brazil wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 56 Brazil wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 57 Brazil wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 58 Middle East & Africa wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 59 Middle East & Africa wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 60 Middle East & Africa wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 61 Saudi Arabia wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 62 Saudi Arabia wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 63 Saudi Arabia wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 64 UAE wear plates market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 65 UAE wear plates market estimates & forecasts, by material, 2018 - 2030 (USD Million)
- Table 66 UAE wear plates market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook
- Fig. 7 Competitive outlook
- Fig. 8 Wear plates market outlook, 2018 - 2030 (USD Million)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's analysis
- Fig. 12 PESTEL analysis
- Fig. 13 Wear plates market, by material: Key takeaways
- Fig. 14 Wear plates market, by material: Market share, 2024 & 2030
- Fig. 15 Wear plates market, by end use: Key takeaways
- Fig. 16 Wear plates market, by end use: Market share, 2024 & 2030
- Fig. 17 Wear plates market: regional analysis, 2024
- Fig. 18 Wear plates market, by region: Key takeaways
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