The erosive wear encountered in some industrial processes results in economic loss and even disastrous consequences. Hitherto, the mechanism of the erosive wear is not clear, especially when the erosive wear is caused by large particles (>3.0 mm) carried by a flowing liquid. Current approaches of predicting erosive wear need improvement, and the optimization of relevant equipment and systems lacks a sound guidance. It is of significance to further explore such a subject based on the relevant literature. The present review commences with a theoretical analysis of the dynamics of large particles and the fundamental mechanism of erosion. Then the characteristics of the erosion of various equipment are explicated. Effects of influential factors such as particle size and properties of the target material are analyzed. Subsequently, commonly used erosion models, measurement techniques, and numerical methods are described and discussed. Based on established knowledge and the studies reported, some expectations for future work are proposed.