The invention discloses a wear resistant material with high elasticity. The wear resistant material mainly comprises the following materials in parts by mass: 10-20 parts of composite resin, 0.5-1 part of carbon fiber, 0.1-0.2 parts of steel powder, 20-40 parts of potassium dihydrogen phosphate activated bone meal, 10-15 parts of an organosilicon emulsion, 1-2 parts of a dispersant, and 1-2 partsof a curing agent; the composite resin is mainly prepared by the following materials in parts by mass: 10-20 parts of polyester resin, 10-20 parts of polyvinyl alcohol, 10-20 parts of polystyrene, and5-8 parts of alkylphenol polyoxyethylene. The invention also discloses a preparation method and an application of the material; the product is advantageous in that firstly high elasticity of the material is guaranteed, and good wear resistance is kept; secondly, vehicle-mounted tent prepared by the material can be irregularly stretched according to wrapped cargos, effective wear resistant function is effected, and wearing caused by friction between cargos and sharp ports can be effectively alleviated.