Emergen Research has recently published a detailed report on the global Laser Cladding Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Laser Cladding Market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Laser Cladding Market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
The size of the global Laser Cladding (LC) market was USD 472.3 Million in 2021, and it is anticipated to grow in value at a CAGR of 9.4%. The primary element boosting market revenue growth is the rising trend of switching from traditional laser to laser cladding technologies.
For many years, metal component functioning surfaces have been enhanced by laser cladding in a variety of industries. In the modern day, it is a weld build-up process that easily outperforms traditional welding methods like Plasma Transferred Arc (PTA) welding and Tungsten Inert Gas (TIG) welding for advanced weld repair applications. By enabling power densities that are typically not possible with traditional thermal procedures, laser cladding reduces heat input, minimises distortion, and eliminates the need for post-weld heat treatments. Additionally, it is anticipated that increasing adoption of laser cladding technologies over traditional lasers will fuel market revenue growth. Numerous businesses are releasing sophisticated laser cladding technologies on the market. For instance, the August 2020 release of EHLA, a high-speed Laser Metal Deposition (LMD) laser cladding process that aids in protecting components from corrosion and wear, was announced by Bilsing Automation, a German company that offers automotive stamping and material handling systems. This method provides a speedier, more cost-effective, and environmentally friendly choice for coating surfaces than hard chrome plating, thermal spraying, and traditional LMD.
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The report further divides the Laser Cladding market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Laser Cladding market.
Segments Covered in this report are:
-
Type Outlook (Revenue, USD Million; 2019-2030)
- Diode laser
- CO2 laser
- Acoustic laser
- Fiber laser
- Others
-
Materials Outlook (Revenue, USD Million; 2019-2030)
- Cobalt-based alloys
- Iron-based alloys
- Nickel-based alloys
- Carbides & carbide blends
- Others
-
Revenue Outlook (Revenue, USD Million; 2019-2030)
- System revenue
- Laser revenue
The report also studies the key companies of the Laser Cladding market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Companies profiled in the global Laser Cladding market:
OC Oerlikon Management AG., TRUMPF, IPG Photonics Corporation, Coherent, Inc., Höganäs AB, Curtiss-Wright Corporation, Laserline GmbH, Titanova, Inc., Hardchrome Engineering, and LaserBond Ltd
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Laser Cladding Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Laser Cladding market?
What are the key product types and applications of the Laser Cladding industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Laser Cladding market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Laser Cladding Market by 2030?
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