1. Market Research
  2. > Manufacturing
  3. > Electronic Component
  4. > Semiconductor Market Trends
Laser Cladding Market with COVID-19 Impact by Type, Revenue, End-use Industry And Region - Global Forecast to 2026

Laser Cladding Market with COVID-19 Impact by Type, Revenue, End-use Industry And Region - Global Forecast to 2026

  • September 2021
  • 199 pages
  • ID: 6169599
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The laser cladding market is estimated to be valued at USD 483 million in 2021; it is expected to grow at a CAGR of 9.6% during 2021–2026 to reach USD 823 million by 2026. Over the years, new and more advanced variants of laser cladding technology have emerged, especially the extreme high-speed laser application (EHLA). EHLA is a novel technology born from laser cladding (also known as laser metal deposition (LMD) or directed energy deposition – laser beam (DED-LB)). Fraunhofer ILT has developed EHLA as an advanced form of laser cladding, a replacement for chrome plating, and an alternative to spraying technologies. EHLA coatings can be applied to small and large components at speeds 10–100x times faster than laser cladding.
Laser cladding is perceived as one of the more sophisticated industrial laser applications, requiring special skills.There is a limited number of people across the globe who have developed these skills and a limited number of suppliers that provide laser cladding equipment.

In the automotive industry, the valves of a non-commercial vehicle are subject to 300 to 500 million thermal and mechanical cycles throughout the life of an automobile, and an exhaust valve is subject to a stream of hot gas that may contain soot particles and corrosive constituents.In the early days of laser technology, numerous research facilities showed pictures of laser-clad valves in their publications and literature.

However, not many of them were put into production or commercialized.The chief reason for this lack of market penetration is the availability of less expensive equipment for coating valves using plasma transferred arc (PTA) welding, which produces deposits with low levels of dilution.

However, in the long run, laser cladding would prove more economical and successful than traditional laser technologies such as cutting, welding, and others.

Fiber lasers: The fastest type of laser cladding market .
Fiber laser is a type of solid laser where the active media is the core of rare earth metals (Er, Yb, and a few others) and doped fiber, which is typically single-mode silica fiber.This doped fiber has a cavity mirror at each end or fiber Bragg gratings, which can be fabricated within the fiber.

The fiber’s central core is responsible for the emission of laser light, and its structure varies from simple to fairly complex.Hence, fiber lasers can be compact and rugged.

A fiber laser has a large surface-to-volume ratio, and hence, heat dissipation is relatively easy. This laser is comparatively smaller and lighter in weight than traditional lasers, which helps save space. Also, there is no requirement for precise alignment of mirrors, which makes it capable of operating in variable working environments and enables ease of transportation
System revenue: The largest revenue of the laser cladding market .
The system revenue segment is likely to continue holding a larger market share during the forecast period. The leading position of this segment can be attributed to the ability of these systems to perform a wide range of functions, which expands their utility across several end-use industries, such as oil & gas, mining, automotive, and aviation

Oil & gas: Largest growing end-use industry of laser cladding market
In the oil & gas industry, laser cladding is a widely used technology for exploration, drilling, corrosion resistance, and a broad range of hard-facing applications. It is commonly used in oil refinery process plants, downhole stabilizers, valve balls/seats, sand valves, and hydraulic rods.
Laser cladding can be used to add specific beneficial properties to the surface of key components such as bearings and bearing bushes, compressor rods, drilling heads, extruders, gate & ball valves and seats, hydraulic plungers, lip seal seats, mechanical seals, O-ring seal seats, pump shafts, rotors, sleeves, and others.This results in improved reliability, durability, and reduced operational downtimes.

In offshore drilling, hydraulic cylinders are exposed to salt from ocean spray that causes corrosion, pitting, and scratching. This can lead to oil contamination, seal failure, and, ultimately, machine failure.

APAC: The fastest-growing region in the global laser cladding market .

APAC has been ahead in terms of adoption of laser cladding solutions compared with other regions.The major countries contributing to the laser cladding market in APAC are China, Japan, India, South Korea, and the Rest of APAC.

The region’s increasing R&D investments and growing oil & gas, automotive, aerospace & defense manufacturing, mining, and electronics sectors are expected to drive the growth of the region’s laser cladding market. Continuous demand for cost-effective, reliable, and fast-response laser cladding solutions from the aforementioned end-use industries is also expected to drive the growth of the region’s laser cladding market.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
• By Designation: C-level Executives – 35%, Directors – 28%, and Others – 37%
• By Region: APAC – 40%, North America – 28%, Europe – 22%, RoW – 10%
TRUMPF (Germany), OC Oerlikon Management AG (Switzerland), Coherent, Inc (US), 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), Jenoptik (Germany), Alabama Specialty Products, Inc. (US), Efesto (US), Fraunhofer USA’s Center Midwest (US), Gravotech (France), Hayden Corporation (US), Kondex Corporation (US), LaserBond (Australia), LaserStar (US), Laserline (Germany), Laser Cladding Technologies (Singapore), Lincoln Laser Solutions (Canada), Optomec (Mexico), Preco (US), Technogenia (France), and TLM Laser (UK) are among the many players in the laser cladding market.

Research Coverage:
The report segments the laser cladding market and forecasts its size, by value, based on by Type (Diode laser, Fiber laser, CO2 laser, Acoustic laser, and Others), by Revenue (System revenue, Laser revenue), by End-use Industry (Oil & Gas, Mining, Aerospace & Defense, Automotive, Power Generation, and Others), and Region (North America, Europe, APAC, and RoW),.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the laser cladding market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments.This report will help stakeholders and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the laser cladding market and provides them information on key market drivers, restraints, challenges, and opportunities. The report also covers COVID-19 impact on laser cladding market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Industrial Laser System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250 - $ 3825 - Get 10% off now!
  • August 2021
  • 118 pages

The global industrial lasers market (henceforth referred to as the market studied) was valued at USD 17.29 billion in 2020, and it is expected to reach USD 27.58 billion by 2026, registering a CAGR of ...

  • World
  • Europe
  • Machine Tool
  • Automotive
  • Industry analysis
  • Cosmetic Procedures Performed
  • Mobile Subscribers

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on