Laser Cladding Market Professional Survey, Global Outlook and Forecast 2023-2029
Laser cladding, also known as laser metal deposition, is a technique for adding one material to the surface of another. The laser cladding process allows for property improvements for the surface of a part, including better wear resistance, as well as allowing for the repair of damaged or worn surfaces.
This report aims to provide a comprehensive presentation of the global market for Laser Cladding, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Laser Cladding. This report contains market size and forecasts of Laser Cladding in global, including the following market information:
Global Laser Cladding Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Laser Cladding market was valued at US$ 1627.9 million in 2022 and is projected to reach US$ 1997.6 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of laser cladding include Oerlikon Metco, Praxair S.T. Technology, etc. Global top 3 companies hold a share over 30%. Asia-Pacific is the largest market, with a share over 40%, followed by Europe and North America with the share about 25% and 20%. In terms of product, laser cladding service is the largest segment, with a share over 60%. And in terms of application, the largest application is power generation, with a share about 24%.
We surveyed the Laser Cladding companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Laser Cladding Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Laser Cladding Market Segment Percentages, by Type, 2022 (%)
Wear Resistance
Corrosion Resistance
Others
Global Laser Cladding Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Laser Cladding Market Segment Percentages, by Application, 2022 (%)
Mould and Tool
Aircraft and Aerospace
Automotive Industry
Oil and Gas
Mining and Construction
Agriculture
Others
Global Laser Cladding Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Laser Cladding Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Laser Cladding revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Laser Cladding revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Oerlikon Metco
IPG Photonics Corporation
Coherent
Titanova, Inc.
H?gan?s
Nittany Laser Technologies
Flame Spray Technologies
KUKA
NUTECH
Kondex Corporation
Hardchrome Engineering
PM Laser Cladding
Alabama Laser
Hornet Laser Cladding
Precitec Group
Hardchrome Engineering
Flame Spray Technologies BV
Laserline GmbH
Whitfield Welding Inc
Outline of Major Chapters:
Chapter 1: Introduces the definition of Laser Cladding, market overview.
Chapter 2: Global Laser Cladding market size in revenue.
Chapter 3: Detailed analysis of Laser Cladding company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Laser Cladding in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
