Heavy-duty wear protection is defined as the additional protection provided to the heavy-duty machines and equipment to protect them against hostile working conditions. A variety of materials and methods are used to prevent 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 which 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 as well as rubber are widely used to reduce the shocks, vibration and corrosion. A wide range of end-use industries including automotive and transportation, oil and gas, power plant, 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 size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on material, end-use industry and 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 on 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 the market growth
• Market inclination insights and key trend analysis for 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.

As of 2016, the ceramic segment dominated the overall heavy duty wear protection market worldwide. 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 the demand is expected to dominate the segment throughout the forecast period.

Steel trailed the ceramic segment in terms of revenue in overall heavy duty wear protection market by material segment, as of 2016. Steel has been used for protective enclosures and frames to protect heavy duty machines. Steel has the capability to withstand heavy shocks, corrosion and abrasion and thus is 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.

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

The metal industries end-use segment trailed the oil and gas segment in terms of revenue in the overall heavy-duty wear protection market, as of 2016. The metal industry is witnessing a significant growth from 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 pre-mature breakdown or de-commissioning of heavy and expensive machines. Consequently, with 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.

As of 2016, Asia Pacific dominated the overall heavy duty wear protection market in terms of revenue as well as in volume. Asia Pacific has been witnessing strong growth in the manufacturing industries and energy sector from since past few years. With growing industries, the demand for various industrial equipment and machines has been growing consistently. In order to provide protection to the expensive equipment in 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. Owing to the aforementioned reasons, Asia Pacific is expected to dominate the overall heavy duty wear protection market throughout the forecast period during 2017- to 2025.

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

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Heavy Duty Wear Protection market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Heavy Duty Wear Protection market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Heavy Duty Wear Protection market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Heavy Duty Wear Protection market?
• Which is the largest regional market for Heavy Duty Wear Protection market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Heavy Duty Wear Protection market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Heavy Duty Wear Protection market worldwide?