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Heavy Duty Wear Protection Market By Material (Ceramic, Steel, Plastic), By End-Use (Automotive And Transportation, Oil And Gas, Power Plants, Metal Industry, Construction And Mining) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Heavy-duty wear protection is defined as the additional protection provided to heavy-duty machines and equipment to protect them against hostile working conditions. A variety of materials and methods are used to protect machines from heat, magnetic interference, vibration, abrasion, shock, and corrosion. The protective material is either coated, wrapped, fastened, welded, or covered in order to protect crucial parts that are exposed to the aforementioned conditions. Heavy-duty wear protection aids in preventing the breakdown of expensive equipment; consequently, the life span of machinery expands by reducing the total downtime of machines. Owing to the aforementioned merits, numerous companies have been adopting heavy-duty wear protection for their equipment, and therefore, the market is poised to demonstrate considerable growth in the following years.

Depending upon the applications and the kind of conditions faced by the heavy-duty machines, a variety of materials are used as a protective medium. Ceramics and other insulating materials are primarily used to prevent damage to the machine caused by exposure to excessive heat. Similarly, materials such as plastics and rubber are widely used to reduce shocks, vibration, and corrosion. A wide range of end-use industries, including automotive and transportation, oil and gas, power plants, metal industries, construction, and mining, among others, have started using heavy-duty wear protection methods in order to prevent premature damage and extend the life span of their equipment. With a wide range of end-user industry applications and consistently growing demand, the market for heavy-duty protection is expected to escalate throughout the forecast period from 2017 to 2025.

The report titled "Heavy-duty Wear Protection Market: Growth, Future Prospects, and Competitive Landscape, 2017–2025" offers strategic insights into the global heavy-duty wear protection market with a focus on the market's size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on material, end-use industry, and a cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016–2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading heavy-duty wear protection manufacturers, their strategies, market positioning, and key developments. Some of the major players profiled in the report include Metso Corporation, CeramTec GmbH, ThyssenKrupp Industrial Solutions AG, Kalenborn International GmbH & Co. KG, Bradken Limited, Sulzer Ltd., Thejo Engineering Limited, FLSmidth & Co. A/S, Sandvik Construction (Sandvik Group), and Caterpillar, Inc.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the heavy-duty wear protection industry
  • Market fuelers, market impediments, and their impact on market growth
  • Market inclination insights and key trend analysis for the heavy-duty wear protection market
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global heavy-duty wear protection market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global heavy-duty wear protection market is segmented, based on material, into the following categories:

  • Ceramic
  • Rubber
  • Steel
  • Plastic
  • Others (asbestos, polymers, etc.)

As of 2016, the ceramic segment dominated the overall heavy-duty wear protection market worldwide. The ceramic coating offers numerous advantages since ceramics act as good electric and heat insulators. Hence, these are extensively used in industries such as power plants, oil and gas, and metal industries. In addition, ceramic coating aids in preventing abrasion and corrosion. Therefore, owing to the merits offered by ceramic wear protection, demand is expected to dominate the segment throughout the forecast period.

Steel trailed the ceramic segment in terms of revenue in the overall heavy-duty wear protection market by material segment as of 2016. Steel has been used for protective enclosures and frames to protect heavy machines. Steel has the capability to withstand heavy shocks, corrosion, and abrasion and is thus preferred over several other materials for heavy-duty wear protection. Consequently, the demand for steel is expected to grow consistently during the forecast period of 2017 to 2025.

The global heavy-duty wear protection market is segmented, based on end-use industry, into the following categories:

  • Automotive and Transportation
  • Oil and gas
  • Power Plants
  • Metal Industry
  • Construction and Mining
  • Others (Wood, Pulp and Paper, Food and Beverages, Agriculture, etc.)

As of 2016, the oil and gas end-use segment dominated the overall heavy-duty wear protection market worldwide. With a consistent rise in the demand for oil, more oil and gas rigs are being set up across the globe. Heavy-duty wear protection methods are widely used to protect the equipment and machines used on oil and gas rigs from harsh working conditions. The demand for heavy-duty wear protection is expected to grow even further with the growth in the oil and gas sector in the following years.

In terms of revenue, the metal industries end-use segment trailed the oil and gas segment in the overall heavy-duty wear protection market in 2016. The metals industry has witnessed significant growth over the past few decades. The machines involved in these industries are subject to hostile conditions with extreme heat and abrasion, among others. The industry has incorporated different techniques and materials to prevent the premature breakdown or decommissioning of heavy and expensive machines. Consequently, with the consistent rise in the metal industries, the demand for heavy-duty wear protection equipment is also expected to escalate perpetually throughout the forecast period of 2017 to 2025.

The global heavy-duty wear protection market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
    • U.S.
    • rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

As of 2016, Asia Pacific dominated the overall heavy-duty wear protection market in terms of revenue as well as volume. For the past few years, Asia Pacific has seen rapid growth in the manufacturing and energy sectors. With growing industries, the demand for various industrial equipment and machines has been growing consistently. In order to protect the expensive equipment in the aforementioned utilities, the demand for heavy-duty wear protection has increased significantly in the region. Furthermore, flourishing construction and mining industries have also uplifted the demand for heavy-duty wear protection in this region. Due to the aforementioned reasons, Asia Pacific is expected to dominate the overall heavy-duty wear protection market throughout the forecast period from 2017 to 2025.

In terms of revenue and volume, North America trailed Asia Pacific in the overall heavy-duty wear protection market. A well-established manufacturing sector and growing power plants are a few of the prime drivers for the overall heavy-duty wear protection market. In addition, the extensive use of heavy-duty wear protection in automotive and transportation systems has also encouraged the growth of the heavy-duty wear protection market.

Frequently Asked Questions:

The market for Heavy Duty Wear Protection is expected to reach US$ 1.50 Bn in 2025.

The Heavy Duty Wear Protection market is expected to see significant CAGR growth over the coming years,at 4.4%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Metso Corporation,CeramTec GmbH,ThyssenKrupp Industrial Solutions AG,Kalenborn International GmbH & Co. KG,Bradken Limited are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Building & Construction
Report ID:   58691
Report Format:   PDF
Pages:   120
Rating:    4.5 (80)
Delivery Time: 24 Hours to 48 Hours   
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