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Laser Cladding Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028

  • Code : SMI42891
  • Pages : 138
  • Date : Oct, 2021
  • Category : Services
  • Publisher : SMI
  • Format : SMI PPT FormatSMI PDF Format



 

The latest update of “Global Laser Cladding Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Laser Cladding Market.

Overview of the Laser Cladding Market:

Using laser cladding is becoming increasingly popular for many applications, ranging from aerospace components to industrial equipment. The process is efficient and provides a low heat-affected zone for the base metal. This method allows designers to produce precision parts at a lower cost by preserving the structure of the metal. This method is also more effective than conventional nitriding methods, resulting in more durable and less expensive parts. It can also be used to remanufacture old or broken parts. Laser cladding saves a great deal of money. With volatile commodity metal prices, laser cladding has become more cost-effective than ever. It also eliminates the need for multiple layers of cladding to achieve desired surface chemistries.

The global laser cladding market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.

Drivers:

The oil and gas industries are one of the main users of laser cladding. Hence the extensive expansion of oil and gas industries is expected to fuel the growth of the global laser cladding market over the forecast period. For instance, according to the International Association of Oil & Gas Producers, there are more than 700 oil refineries in the world currently. The process has broad industrial applications. Laser cladding is ideal for refinishing high-cost industrial components and enhancing mechanical properties. This process can also be used to fabricate metal matrix composites and create self-lubricating surfaces. The benefits of laser cladding are not limited to high precision and deposition rates. There is an enormous potential for this technology, including nonequilibrium synthesis of advanced materials, alloy development, and free-form, near-net-shape manufacturing. Increasing usage of laser cladding is estimated to propel the growth of the global laser cladding market.

Restraints:

Several health risks related to laser cladding are expected to hinder the growth of the global laser cladding market.

Regional Insights:

In regions, North America is expected to dominate the growth of the global laser cladding market, owing to the increasing presence of oil and gas refineries in the region. For instance, according to the U.S. Energy Information Administration (EIA), there are around 129 oil and petroleum refineries in the U.S. Moreover, the Asia Pacific is expected to witness significant growth in the global laser cladding market owing to the increasing investment in construction and oil and gas sectors in the region.

Competitive Section:

Key players operating in the global laser cladding market include Jenoptik, Curtiss-Wright Corporation, Lumentum Operations LLC, Lumibird, Hoganas AB, Han’s Laser Technology Industry Group Co., Ltd., IPG Photonics Corporation, Coherent, Inc, OC Oerlikon Management AG, and TRUMPF.

In March 2021, Oerlikon Metco Coating Services and Oerlikon AM in Huntersville, NC partnered.

In January 2021, Lumibird announced an international agreement with GWU-LASERTECHNIK.

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Laser Cladding Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Laser Cladding Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • TRUMPF (Germany)
  • OC Oerlikon Management AG (Switzerland)
  • IPG Photonics Corporation (US)
  • Han's Laser Technology Industry Group Co. Ltd. (China)
  • Hoganas AB (Sweden)
  • Lumibird (France)
  • Lumentum Operations LLC (US)
  • Curtiss-Wright Corporation (US)

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Laser Cladding Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • Diode laser
  • Fiber laser
  • CO2 laser
  • Acoustic laser
  • Others

By Applications, the market is segmented into:

  • Cobalt-based alloys
  • Nickel-based alloys
  • Iron-based alloys
  • Carbides & Carbide blends

The report covers the following Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:

  1. What can be the best investment choices for venturing into new product and service lines?
  2. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Laser Cladding Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Laser Cladding Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Laser Cladding Market
1.6.1 How the Covid-19 is Affecting the Laser Cladding Market
1.6.1.1 Laser Cladding Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Laser Cladding Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Laser Cladding Market Perspective (2015-2028)
2.2 Laser Cladding Market Growth Trends by Regions
2.2.1 Laser Cladding Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Laser Cladding Market Historic Market Share by Regions (2015-2021)
2.2.3 Laser Cladding Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Laser Cladding Market Growth Strategy
2.3.6 Primary Interviews with Key Laser Cladding Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Laser Cladding Market Players by Market Size
3.1.1 Global Top Laser Cladding Market Players by Revenue (2015-2021)
3.1.2 Global Laser Cladding Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Laser Cladding Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Laser Cladding Market Concentration Ratio
3.2.1 Global Laser Cladding Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Laser Cladding Market Revenue in 2019
3.3 Laser Cladding Market Key Players Head office and Area Served
3.4 Key Players Laser Cladding Market Product Solution and Service
3.5 Date of entering into Laser Cladding Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2028)

 

4.1 Global Laser Cladding Market Historic Market Size by Type (2015-2021)
4.2 Global Laser Cladding Market Forecasted Market Size by Type (2021-2028)

 

5 Laser Cladding Market Breakdown Data by Application (2015-2028)

 

5.1 Global Laser Cladding Market Size by Application (2015-2021)
5.2 Global Laser Cladding Market Forecasted Market Size by Application (2021-2028)

 

6 North America

 

6.1 North America Laser Cladding Market Size (2015-2021)
6.2 Laser Cladding Market Key Players in North America (2019-2021)
6.3 North America Laser Cladding Market Size by Type (2015-2021)
6.4 North America Laser Cladding Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Laser Cladding Market Size (2015-2021)
7.2 Laser Cladding Market Key Players in Europe (2019-2021)
7.3 Europe Laser Cladding Market Size by Type (2015-2021)
7.4 Europe Laser Cladding Market Size by Application (2015-2021)

 

8 China

 

8.1 China Laser Cladding Market Size (2015-2021)
8.2 Laser Cladding Market Key Players in China (2019-2021)
8.3 China Laser Cladding Market Size by Type (2015-2021)
8.4 China Laser Cladding Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Laser Cladding Market Size (2015-2021)
9.2 Laser Cladding Market Key Players in Japan (2019-2021)
9.3 Japan Laser Cladding Market Size by Type (2015-2021)
9.4 Japan Laser Cladding Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Laser Cladding Market Size (2015-2021)
10.2 Laser Cladding Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Laser Cladding Market Size by Type (2015-2021)
10.4 Southeast Asia Laser Cladding Market Size by Application (2015-2021)

 

11 India

 

11.1 India Laser Cladding Market Size (2015-2021)
11.2 Laser Cladding Market Key Players in India (2019-2021)
11.3 India Laser Cladding Market Size by Type (2015-2021)
11.4 India Laser Cladding Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Laser Cladding Market Size (2015-2021)
12.2 Laser Cladding Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Laser Cladding Market Size by Type (2015-2021)
12.4 Central & South America Laser Cladding Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Laser Cladding Market Introduction
13.4 Laser Cladding Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Laser Cladding Market Key Market Segments
Table 2. Key Players Covered: Ranking by Laser Cladding Market Revenue
Table 3. Ranking of Global Top Laser Cladding Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Laser Cladding Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Laser Cladding Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Laser Cladding Market Players to Combat Covid-19 Impact
Table 10. Global Laser Cladding Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Laser Cladding Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Laser Cladding Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Laser Cladding Market Share by Regions (2015-2021)
Table 14. Global Laser Cladding Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Laser Cladding Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Laser Cladding Market Growth Strategy
Table 20. Main Points Interviewed from Key Laser Cladding Market Players
Table 21. Global Laser Cladding Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Laser Cladding Market Share by Players (2015-2021)
Table 23. Global Top Laser Cladding Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Laser Cladding Market as of 2019)
Table 24. Global Laser Cladding Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Laser Cladding Market Product Solution and Service
Table 27. Date of entering into Laser Cladding Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 30. Global Laser Cladding Market Size Share by Type (2015-2021)
Table 31. Global Laser Cladding Market Revenue Market Share by Type (2021-2028)
Table 31. Global Laser Cladding Market Size Share by Application (2015-2021)
Table 33. Global Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 34. Global Laser Cladding Market Size Share by Application (2021-2028)
Table 35. North America Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Laser Cladding Market Share (2019-2021)
Table 37. North America Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 38. North America Laser Cladding Market Share by Type (2015-2021)
Table 39. North America Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 40. North America Laser Cladding Market Share by Application (2015-2021)
Table 41. Europe Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Laser Cladding Market Share (2019-2021)
Table 43. Europe Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Laser Cladding Market Share by Type (2015-2021)
Table 45. Europe Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Laser Cladding Market Share by Application (2015-2021)
Table 47. China Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Laser Cladding Market Share (2019-2021)
Table 49. China Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 50. China Laser Cladding Market Share by Type (2015-2021)
Table 51. China Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 52. China Laser Cladding Market Share by Application (2015-2021)
Table 53. Japan Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Laser Cladding Market Share (2019-2021)
Table 55. Japan Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Laser Cladding Market Share by Type (2015-2021)
Table 57. Japan Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Laser Cladding Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Laser Cladding Market Share (2019-2021)
Table 61. Southeast Asia Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Laser Cladding Market Share by Type (2015-2021)
Table 63. Southeast Asia Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Laser Cladding Market Share by Application (2015-2021)
Table 65. India Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Laser Cladding Market Share (2019-2021)
Table 67. India Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 68. India Laser Cladding Market Share by Type (2015-2021)
Table 69. India Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 70. India Laser Cladding Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Laser Cladding Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Laser Cladding Market Share (2019-2021)
Table 73. Central & South America Laser Cladding Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Laser Cladding Market Share by Type (2015-2021)
Table 75. Central & South America Laser Cladding Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Laser Cladding Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Laser Cladding Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Laser Cladding Market Share by Type: 2021 VS 2028
Figure 2. Global Laser Cladding Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Laser Cladding Market Report Years Considered
Figure 8. Global Laser Cladding Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Laser Cladding Market Share by Regions: 2021 VS 2028
Figure 10. Global Laser Cladding Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Laser Cladding Market Share by Players in 2019
Figure 13. Global Top Laser Cladding Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Laser Cladding Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Laser Cladding Market Revenue in 2019
Figure 15. North America Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Laser Cladding Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



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