Albany, NY -- (SBWIRE) -- 03/02/2016 -- According to a new market report published by Transparency Market Research entitled "Heavy Duty Wear Protection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," the heavy duty wear protection system market was worth US$ 1,414.6 Mn in 2014 and is expected to reach US$ 2,064.8 Mn by 2023, expanding at a CAGR of 4.3% from 2015 to 2023. Asia Pacific was the largest market for heavy duty wear protection systems in 2014. Growth in this region is expected to be driven by the presence of a large number of heavy duty industries, such as iron and steel, construction, and mining, which create an ideal market for equipment and automotive requiring maintenance services.
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