Laser cladding market is anticipated to grow at a CAGR of 9.5% during the forecast period (2024-2031). Laser cladding, an advanced surface modification technique, involves precisely depositing a layer of material onto a substrate using a laser as the heat source. Widely applied across various industries, this process serves purposes such as surface hardening, repair, and enhancing component properties.
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An increasing trend in the automotive and aviation sectors’ use of laser cladding applications is anticipated to propel global revenue growth. High-strength steel is being used by the auto industry to construct vehicles that are lighter overall and meet higher durability standards. This will lead to increased fuel efficiency because it can be challenging to cut high-strength steel, the aviation industry frequently uses laser cladding.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Laser Cladding Market by Type
- Acoustic laser
- CO2 laser
- Diode laser
- Fiber laser
Global Laser Cladding Market by Material
- Carbides & Carbide Blends
- Cobalt-Based Alloys
- Iron-Based Alloys
- Nickel-Based Alloys
Global Laser Cladding Market by End-User
- Aerospace & Defense
- Automotive
- Agriculture
- Energy & Power
- Oil & Gas
- Other
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Alabama Specialty Products Inc.
- Coherent Corp.
- Curtiss-Wright Corp.
- Efesto LLC
- Fraunhofer USA’s Center Midwest CMW
- Hayden Corporation
- Hoganas AB
- IPG Photonics Corp.
- JENOPTIK AG
- Kondex Corp.
- LaserBond Ltd
- LaserStar Technologies Corp.
- Lincoln Laser Solutions
- Lumentum Holdings Inc.
- OC Oerlikon Management AG
- Perco, LLC
- TLM Laser
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global laser cladding market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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