Wear Parts Market Report 2026

The wear parts market size has grown steadily in recent years. It will grow from $679.03 billion in 2025 to $709.12 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growth of mining and construction activities, increasing equipment utilization rates, demand for reduced maintenance downtime, expansion of heavy industrial operations, rising cost of machinery replacement.

The wear parts market size is expected to see steady growth in the next few years. It will grow to $846.29 billion in 2030 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to automation of industrial equipment, growth of infrastructure projects, rising demand for high performance materials, focus on cost efficient maintenance strategies, expansion of manufacturing activities. Major trends in the forecast period include rising demand for abrasion resistant components, growing adoption of ceramic and tungsten carbide parts, increasing focus on extended equipment lifespan, expansion of wear parts usage in mining operations, higher preference for custom engineered wear solutions.

A rise in the construction industry is expected to drive the growth of the wear parts market going forward. Construction involves the building, assembling, or installation of structures, facilities, or infrastructure. Wear parts are widely used in the construction sector to improve equipment durability, performance, and safety while reducing downtime and operational costs, contributing to the overall effectiveness and success of construction projects. For example, in July 2023, the Australian Bureau of Statistics, an Australian government agency, reported that the number of dwellings under construction reached 240,813 in the March quarter of 2023, up from 240,065 in 2022. Of these, new houses totaled 103,778, compared to 101,240 in the previous year. Therefore, the expanding construction industry is supporting the growth of the wear parts market.

Major companies in the wear parts market are expanding their production capabilities, including establishing specialized wear parts divisions to manufacture and supply replacement wear parts with faster delivery times. A wear parts division is a dedicated business unit responsible for producing and selling replacement components such as screws and barrels for various brands of twin-screw extruders. For instance, in February 2023, ENTEK, a US-based global manufacturing company, launched its Wear Parts Division. This division focuses on producing and supplying replacement wear parts for all brands of twin-screw extruders and operates from a new 98,000-square-foot manufacturing facility in Henderson, Nevada. ENTEK invested $15 million in this initiative and expanded its manufacturing capabilities to support the increased production of wear parts, twin-screw extruders, and material handling equipment. The division aims to offer industry-leading lead times for replacement parts while supporting existing customers and growing its parts business.

In July 2023, Construction Forms Inc., a US-based manufacturer of concrete pumping systems, acquired Tricon Wear Solutions for an undisclosed amount. This acquisition is intended to strengthen CFI’s presence in the wear solutions sector, particularly within construction and industrial markets. The move is expected to enhance CFI’s capabilities and broaden its offerings in the wear solutions segment. Tricon Wear Solutions LLC is a US-based manufacturer and supplier of abrasion-resistant steel products and wear solutions.

Major companies operating in the wear parts market are Metso Outotec Corporation, Castolin Eutectic, Miller Industries Inc., Berco Mining Products Inc., Magotteaux International S.A., Varel International Energy Services, Hensley Industries Inc., Black Cat Wear Parts Ltd., Columbia Steel Casting Co. Inc., Spokane Industries Inc., Boundary Equipment Co. Ltd., Brunner & Lay Inc., Steel Unlimited Inc., Redexim B.V., Bailey-Parks Urethane Inc., Wabi Iron & Steel Corp., Frictec Ltd., Wear Parts & Equipment Company Inc., QMS Quarry Manufacturing & Supplies Ltd., Whites Wearparts Ltd., Palbit S.A., Wear Parts Services Inc., LSW Wear Parts Ltd., Ballantine Inc., Nanchang Mineral Systems Co. Ltd.

North America was the largest region in the wear parts market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wear parts market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wear parts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wear parts market consists of sales of wear plates, wear liners, bearings and bushings, seals and gaskets, and wear-resistant belts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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