Wear Parts - Technical Ceramics Market Statistics
The global wear parts technical ceramics market size was valued at US$ 1,653.7 million in 2016 and is estimated to grow at a compound annual growth rate (CAGR) of 5.4% from 2016 to 2024.
Related Statistics
Wear parts - Technical ceramics market highlights
- The global wear parts segment generated a revenue of USD 1,653.7 million in 2016 and is expected to reach USD 2,521.1 million by 2024.
- The market is expected to grow at a CAGR (2017 - 2024) of 5.4% by 2024.
- In terms of region, North America was the largest revenue generating market in 2016.
- Country-wise, U.S. is expected to register the highest CAGR from 2017 to 2024.
Market summary
| Market revenue in 2016 | USD 1,653.7 million |
| Market revenue in 2024 | USD 2,521.1 million |
| Growth rate | 5.4% (CAGR from 2017 to 2024) |
| Historical data covered | 2013 - 2015 |
| Base year for estimation | 2016 |
| Forecast period covered | 2017 - 2024 |
| Quantitative units | Revenue in USD million |
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