Laser Cladding Market: A View of the Industry's Advancements and Opportunities

Global Laser Cladding Market Research Report and Forecast to 2030 is an investigative report providing an extensive study of the global Laser Cladding Market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Laser Cladding Market on the global and regional scale, along with a thorough forecast estimation to 2021. The new report is updated with the impact of the COVID-19 pandemic on the Laser Cladding Market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region.

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The global Laser Cladding (LC) market size was USD 472.3 Million in 2021 and is expected to register a revenue CAGR of 9.4% during the forecast period. Rising trend of sifting from conventional laser to laser cladding technologies is the key factor driving market revenue growth. 

For many years, laser cladding has been utilized in a wide range of sectors to improve functional surfaces of metal components. It is a weld build-up process that readily surpasses conventional welding processes, such as Tungsten Inert Gas (TIG) for advanced weld repair applications and Plasma Transferred Arc (PTA) welding, in present days. Laser cladding enables power densities not normally feasible with conventional thermal techniques, resulting in minimal heat input, minimal deformation, and avoidance of post-weld heat treatments. In addition, growing adoption of laser cladding technologies over conventional lasers is expected to drive revenue growth of the market. Various companies are introducing advanced laser cladding technologies in the market.

Report Objective:

The report offers a complete analysis of the global Laser Cladding market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. OC Oerlikon Management AG, TRUMPF, IPG Photonics Corporation, Coherent, Inc., Höganäs AB, Curtiss-Wright Corporation, Laserline GmbH, Titanova, Inc., Hardchrome Engineering, and LaserBond Ltd. are some of the top companies profiled in the report.

Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

Emergen Research has segmented the global laser cladding market based on type, materials, revenue, end-use, and region:

  • 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

  • End-use Outlook (Revenue, USD Million; 2019-2030)

    • Oil & gas
    • Automotive
    • Mining
    • Aerospace & defense
    • Power generation
    • Others

Key Features of the Laser Cladding Market Report:

The report provides information on the major forces, obstacles, opportunities, problems, development prospects, restrictions, and dangers.

The study includes information on the major firms, their product portfolio and specifications, their production valuation, and their market shares.

Analyzing important present and future industry trends as well as growth prospects

Additionally, it provides estimates for the eight-year forecast period that are supported by research, mainly to calculate the potential market growth

a succinct industry overview in terms of product growth, technological advancements, and research and development

thorough evaluation of the present market situation, buyers, demands, and upstream raw materials

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Additionally, the study provides market estimates and regional-level analyses for the following regions: North America, Europe, Asia Pacific, Latin America, 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
    • A.E.
    • South Africa
    • Rest of MEA

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