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Materials and Chemicals

Global Laser Cladding Market Size study, by Type(Diode laser, Fiber Laser, Yag Laser,CO2 Laser, Others), by Revenue (Laser revenue, system revenue), by Material (Cobalt-based alloys, Nickel-based alloys, Iron-based alloys, Carbides & carbide blends), by end-use (Oil & gas , Mining, Aerospace & defense, Automotive, Power generation, Others)and Regional Forecasts 2021-2027

  • BIZ4650439
  • 200 Pages
  • September 2021
  • Materials and Chemicals
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Global Laser cladding Market is valued approximately at USD 441.50 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2021-2027. Laser cladding is a process of metal coating which is applied into the surface of part using a laser as the heat source in industrial purpose. The global Laser cladding market is being driven by growing penetration of fiber lasers in laser cladding applications., Increasing requirement across additive manufacturing and rapid manufacturing and gradual transition from conventional laser technologies to laser cladding. Furthermore, adoption of laser cladding applications across aviation and automotive industries and development of advanced laser cladding solutions, will provide new opportunities for the global Laser cladding industry. For instance, according to statista, there has been rise in sales generated from the sales of automobile in year 2020 the sales reached at USD 2755 billion, and it is projected to reached at USD 3027 billion by year 2025. As a result, increased automotive demand will necessitate the use of more laser cladding in the manufacturing of different automobile parts, which will serve as a catalyst for the Laser cladding industry in the future. However, high deployment costs and lack of personnel with required technical expertise and environmental concerns over use of rare earth elements, may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global cladding market. The rise in adoption of laser processing solutions makes Asia Pacific is the significant region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rising initiatives by government and private-funded startups for the deployment of laser cladding application in the region.

Major market player included in this report are:

Trumpf Group

OC Orelikon Group

Coherent Inc.

IPG Photonics

Han’s Laser Technology Co., Ltd

Hoganas AB

Lumibird

Lumentum Operations LLC

Curtiss-wright corporation

Jenoptik AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Diode laser

Fiber Laser

Yag Laser

CO2 Laser

Others

By Revenue :

Laser Revenue

System Revenue

By Material:

Cobalt-based alloys

Nickel-based alloys

Iron-based alloys

Carbides & carbide blends

By End-use:

Oil & gas

Mining

Aerospace & defence

Automotive

Power generation

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Laser Cladding Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Laser Cladding Market, by region, 2019-2027 (USD Billion)

1.2.2. Laser Cladding Market, by type, 2019-2027 (USD Billion)

1.2.3. Laser Cladding Market, by Revenue, 2019-2027 (USD Billion)

1.2.4. Laser Cladding Market, by Material, 2019-2027 (USD Billion)

1.2.5. Laser Cladding Marker, by End-use industry, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Laser Cladding Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Laser Cladding Market Dynamics

3.1. Laser Cladding Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Growing penetration of fibre lasers in laser cladding applications

3.1.1.2. Increasing requirement across additive manufacturing and rapid manufacturing

3.1.1.3. Gradual transition from conventional laser technologies to laser cladding

3.1.2. Market Restraint

3.1.2.1. High deployment costs and lack of personnel with required technical expertise

3.1.2.2. Environmental concerns over use of rare earth elements

3.1.3. Market Opportunities

3.1.3.1. Adoption of laser cladding applications across aviation and automotive industries

3.1.3.2. Development of advanced laser cladding solutions

Chapter 4. Global Laser Cladding Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Laser Cladding Market , by type

5.1. Market Snapshot

5.2. Global Laser Cladding Market by type, Performance - Potential Analysis

5.3. Global Laser Cladding Market Estimates & Forecasts by type 2018-2027 (USD Billion)

5.4. Laser Cladding Market , Sub Segment Analysis

5.4.1. Diode laser

5.4.2. Fiber Laser

5.4.3. Yag Laser

5.4.4. CO2 Laser

5.4.5. Others

Chapter 6. Global Laser Cladding Market , by Revenue

a. Market Snapshot

6.1. Global Laser Cladding Market by Revenue, Performance - Potential Analysis

6.2. Global Laser Cladding Market Estimates & Forecasts by Revenue 2018-2027 (USD Billion)

6.3. Laser Cladding Market , Sub Segment Analysis

6.3.1. Laser Revenue

6.3.2. System Revenue

Chapter 7. Global Laser Cladding Market , by Material

b. Market Snapshot

7.1. Global Laser Cladding Market by Material, Performance - Potential Analysis

7.2. Global Laser Cladding Market Estimates & Forecasts by Material 2018-2027 (USD Billion)

7.3. Laser Cladding Market , Sub Segment Analysis

7.3.1. Cobalt-based alloys

7.3.2. Nickel-based alloys

7.3.3. Iron-based alloys

7.3.4. Carbides & carbide blends

Chapter 8. Global Laser Cladding Market , by end use

8.1. Market Snapshot

8.2. Global Laser Cladding Market by type, Performance - Potential Analysis

8.3. Global Laser Cladding Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)

8.4. Laser Cladding Market , Sub Segment Analysis

8.4.1. Oil & gas

8.4.2. Mining

8.4.3. Aerospace & defence

8.4.4. Automotive

8.4.5. Power generation

8.4.6. Others

Chapter 9. Global Laser Cladding Market , Regional Analysis

9.1. Laser Cladding Market , Regional Market Snapshot

9.2. North America Laser Cladding Market

9.2.1. U.S. Laser Cladding Market

9.2.1.1. Type breakdown estimates & forecasts, 2018-2027

9.2.1.2. Revenue breakdown estimates & forecasts, 2018-2027

9.2.1.3. Material breakdown estimates & forecasts, 2018-2027

9.2.1.4. End-use breakdown estimates & forecasts, 2018-2027

9.2.2. Canada Laser Cladding Market

9.3. Europe Laser Cladding Market Snapshot

9.3.1. U.K. Laser Cladding Market

9.3.2. Germany Laser Cladding Market

9.3.3. France Laser Cladding Market

9.3.4. Spain Laser Cladding Market

9.3.5. Italy Laser Cladding Market

9.3.6. Rest of Europe Laser Cladding Market

9.4. Asia-Pacific Laser Cladding Market Snapshot

9.4.1. China Laser Cladding Market

9.4.2. India Laser Cladding Market

9.4.3. Japan Laser Cladding Market

9.4.4. Australia Laser Cladding Market

9.4.5. South Korea Laser Cladding Market

9.4.6. Rest of Asia Pacific Laser Cladding Market

9.5. Latin America Laser Cladding Market Snapshot

9.5.1. Brazil Laser Cladding Market

9.5.2. Mexico Laser Cladding Market

9.6. Rest of The World Laser Cladding Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Trumpf Group

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. OC Orelikon Group

10.2.3. Coherent Inc

10.2.4. IPG Photonics

10.2.5. Han’s Laser Technology Co., Ltd

10.2.6. Hoganas AB

10.2.7. Lumibird

10.2.8. Lumentum Operation LLC

10.2.9. Curtiss-wright corporation

10.2.10. Jenoptik AG

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 2. Global Laser Cladding Market , report scope

TABLE 3. Global Laser Cladding Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 4. Global Laser Cladding Market estimates & forecasts by Type 2018-2027 (USD Billion)

TABLE 5. Global Laser Cladding Market estimates & forecasts by revenue2018-2027 (USD Billion)

TABLE 6. Global Laser Cladding Market estimates & forecasts by Material 2018-2027 (USD Billion)

TABLE 7. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Laser Cladding Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global Laser Cladding Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. U.S. Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. U.S. Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. U.S. Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Canada Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. Canada Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. UK Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. UK Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. Germany Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 33. Germany Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. France Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 36. France Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Spain Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 39. Spain Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Italy Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 42. Italy Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. ROE Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 45. ROE Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. China Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 48. China Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. India Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 51. India Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Japan Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 54. Japan Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Australia Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 57. Australia Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 59. South Korea Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 60. South Korea Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 62. ROPAC Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 63. ROPAC Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 65. Brazil Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 66. Brazil Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 68. Mexico Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 69. Mexico Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 71. ROLA Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 72. ROLA Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 74. ROW Laser Cladding Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 75. ROW Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW Laser Cladding Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 77. List of secondary sources used in the study of global Laser Cladding Market .

TABLE 78. List of primary sources used in the study of global Laser Cladding Market .

TABLE 79. Years considered for the study.

TABLE 80. Exchange rates considered.

 
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