Global $543.46 Mn Laser Cladding Market to 2027: Rapid Penetration of Fiber Lasers in Laser Cladding Applications – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Laser Cladding Market Research Report by Type, by Product Type, by Revenue, by End-use Industry, by Region – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The Global Laser Cladding Market size was estimated at USD 492.93 million in 2020 and expected to reach USD 543.46 million in 2021, at a CAGR of 10.68% to reach USD 1,003.11 million by 2027.

Market Statistics: The report provides market sizing and forecast across five major currencies – USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2027 are considered the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Laser Cladding to forecast the revenues and analyze the trends in each of the following sub-markets:

• Based on Type, the market was studied across Acoustic Laser, CO2 Laser, Diode Laser, and Fiber Laser.
• Based on Materials, the market was studied across Carbides & Carbide Blends, Cobalt-Based Alloys, Iron-Based Alloys, and Nickel-Based Alloys.
• Based on Product Type, the market was studied across Corrosion Resistance and Wear Resistance.
• Based on Revenue, the market was studied across Laser Revenue and System Revenue.
• Based on End-use Industry, the market was studied across Aerospace & Defense, Automotive, Mining, Oil & Gas, and Power Generation.
• Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Companies Mentioned

• Apollo Machine & Welding Ltd
• EFESTO SRL
• Flame Spray Technologies BV
• Han’s Laser Technology Industry Group Co., Ltd.
• Hardchrome Engineering Pty. Ltd.
• Hoganas AB
• IPG Photonics Corporation
• Jenoptik AG
• Laser Cladding Services Pty Ltd
• Laserbond Limited
• Laserline GmbH
• Lumibird
• OC Oerlikon Management AG
• Praxair S.T. Technology, Inc
• Precitec Group
• Technogenia, Inc.
• Titanova, Inc
• TRUMPF GmbH + Co. KG
• Whitfield Welding Inc.
• Stork B.V.

Cumulative Impact of COVID-19

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report answers questions such as:

1. What is the market size and forecast of the Global Laser Cladding Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Laser Cladding Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Laser Cladding Market?

4. What is the competitive strategic window for opportunities in the Global Laser Cladding Market?

5. What are the technology trends and regulatory frameworks in the Global Laser Cladding Market?

6. What is the market share of the leading vendors in the Global Laser Cladding Market?

7. What modes and strategic moves are considered suitable for entering the Global Laser Cladding Market?

Market Dynamics

Drivers

• Rapid penetration of fiber lasers in laser cladding applications
• Increasing application from automotive production and aerospace industry
• Growth demand from manufacturing and electronics sectors

Restraints

• High deployment costs and lack of personnel with required technical expertise

Opportunities

• Development of advanced laser cladding solutions
• Increasing R&D investments in laser technologies

Challenges

• Lack of personnel with required technical expertise
• Cumulative Impact of COVID-19

   

   

   

   

   

   

   

For more information about this report visit https://www.researchandmarkets.com/r/s36pye

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