Market Overview:
The global steel wear plates market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel wear plates from various end-use industries, such as mining, construction, and others. In terms of type, the market is segmented into under HBW 400, HBW 400-500, and above HBW 500 segments. The under HBW 400 segment is expected to dominate the global steel wear plates market during the forecast period owing to its low cost and high durability as compared to other types of steel wear plates.
Product Definition:
Steel wear plates are used to protect machines and equipment from wear and tear. They are typically made of a harder steel alloy than the rest of the machine, and are bolted or welded onto vulnerable parts to extend their life.
Under HBW 400:
Under HBW 400, it is used in the steel wear plates industry. The growth factor of this market is under 400 million tons. It has a significant share in the global steel wear plate industry and accounts for more than one-third of the total demand from all markets combined. Steel wear plates are used to reduce friction between two surfaces which are moving relative to each other or through each other and also to provide lubrication for that purpose.
HBW 400-500:
The HBW 400-500 is a high-grade steel wear plate used in the manufacturing of safety shoes and boots. It has properties such as high resistance to abrasion, hardness, toughness, strength and corrosion. The material is cost effective compared to carbon steel wear plates which makes it suitable for use in mass produced products.
Application Insights:
The construction application segment led the global steel wear plates market in 2017 and is projected to witness significant growth over the forecast period. Steel wear plates are used in construction activities for concrete drilling, grinding and crushing, asphalt laying, road building & maintenance, etc. The rising demand for infrastructure development across various regions is expected to drive the demand for steel wear plates over the next eight years.
Construction was followed by mining as the second-largest application segment of global steel wear plate market in terms of revenue share in 2017. Increasing investments from governments as well as private companies are anticipated to boost product demand from this sector over the coming years.
Mining was followed by another major applications including automotive & transportation.
Regional Analysis:
Asia Pacific dominated the global steel wear plates market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing industrialization coupled with increasing investments in infrastructure development by governments of various countries has been driving demand for HBW 400-500 steel wear plates in construction applications across Asia Pacific region.
The North America market accounted for a share of more than 15% owing to high product demand from mining sector due to rising focus on exploration activities coupled with government initiatives pertaining toward developing domestic minerals resources. In addition, growing oil & gas industry is also anticipated to drive product demand over the next eight years. Europe was another major regional segment accounting for a share of more than 20% owing to high consumption volumes generated by application industries across Germany and U.K.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and engineering sectors
- Rising awareness about the benefits of using steel wear plates among consumers
- Technological advancements in the manufacturing process of steel wear plates
- Growing popularity of steel wear plates among small and medium-sized enterprises (SMEs)
- Rising disposable income levels of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Wear Plates Market Research Report
By Type
Under HBW 400, HBW 400-500, Above HBW 500
By Application
Mining, Construction, Others
By Companies
SSAB, JFE, ThyssenKrupp, Dillinger, ArcelorMittal, Essar Steel Algoma, NSSMC, Wuyang Steel, Xinyu Iron & Steel, NLMK Clabecq, Baosteel Group, Baohua Resistant Steel, Bisalloy, ANSTEEL, TISCO, Bisalloy Jigang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Steel Wear Plates Market Report Segments:
The global Steel Wear Plates market is segmented on the basis of:
Types
Under HBW 400, HBW 400-500, Above HBW 500
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SSAB
- JFE
- ThyssenKrupp
- Dillinger
- ArcelorMittal
- Essar Steel Algoma
- NSSMC
- Wuyang Steel
- Xinyu Iron & Steel
- NLMK Clabecq
- Baosteel Group
- Baohua Resistant Steel
- Bisalloy
- ANSTEEL
- TISCO
- Bisalloy Jigang
Highlights of The Steel Wear Plates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under HBW 400
- HBW 400-500
- Above HBW 500
- By Application:
- Mining
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steel Wear Plates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steel wear plates are metal plates that are used to protect the surface of a steel structure from damage. They can be made from a variety of materials, including steel, aluminum, and plastic.
Some of the major companies in the steel wear plates market are SSAB, JFE, ThyssenKrupp, Dillinger, ArcelorMittal, Essar Steel Algoma, NSSMC, Wuyang Steel, Xinyu Iron & Steel, NLMK Clabecq, Baosteel Group, Baohua Resistant Steel, Bisalloy, ANSTEEL, TISCO, Bisalloy Jigang.
The steel wear plates market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel Wear Plates Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Steel Wear Plates Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Wear Plates Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Steel Wear Plates Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Steel Wear Plates Market Size & Forecast, 2020-2028
4.5.1 Steel Wear Plates Market Size and Y-o-Y Growth
4.5.2 Steel Wear Plates Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Under HBW 400
5.2.2 HBW 400-500
5.2.3 Above HBW 500
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Construction
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Wear Plates Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Steel Wear Plates Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Under HBW 400
9.6.2 HBW 400-500
9.6.3 Above HBW 500
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Construction
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Under HBW 400
10.6.2 HBW 400-500
10.6.3 Above HBW 500
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Construction
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Under HBW 400
11.6.2 HBW 400-500
11.6.3 Above HBW 500
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Construction
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Under HBW 400
12.6.2 HBW 400-500
12.6.3 Above HBW 500
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Construction
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Under HBW 400
13.6.2 HBW 400-500
13.6.3 Above HBW 500
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Construction
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Steel Wear Plates Market: Competitive Dashboard
14.2 Global Steel Wear Plates Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SSAB
14.3.2 JFE
14.3.3 ThyssenKrupp
14.3.4 Dillinger
14.3.5 ArcelorMittal
14.3.6 Essar Steel Algoma
14.3.7 NSSMC
14.3.8 Wuyang Steel
14.3.9 Xinyu Iron & Steel
14.3.10 NLMK Clabecq
14.3.11 Baosteel Group
14.3.12 Baohua Resistant Steel
14.3.13 Bisalloy
14.3.14 ANSTEEL
14.3.15 TISCO
14.3.16 Bisalloy Jigang
