Summary

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.

ページTOPに戻る

Table of Contents

1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED 27
FIGURE 1 MARKET SEGMENTATION 27
1.3.2 GEOGRAPHIC SCOPE 27
1.4 YEARS CONSIDERED 28
1.5 INCLUSIONS AND EXCLUSIONS 28
1.6 CURRENCY 28
1.7 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 2 LASER CLADDING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 30
FIGURE 3 LASER CLADDING MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 31
2.1.1.1 List of major secondary sources 31
2.1.1.2 Key data from secondary sources 32
2.1.2 PRIMARY DATA 32
2.1.2.1 Key industry insights 32
2.1.2.2 Breakdown of primaries 33
2.1.2.3 Key data from primary sources 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 35
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM LASER CLADDING OFFERINGS 36
2.2.1 BOTTOM-UP APPROACH 37
2.2.1.1 Approach for arriving at market size through bottom-up analysis (demand side) 37
FIGURE 6 LASER CLADDING MARKET: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 38
2.2.2.1 Approach for arriving at market size using top-down analysis
(supply side) 38
FIGURE 7 LASER CLADDING MARKET: TOP-DOWN APPROACH 38
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 8 DATA TRIANGULATION 39

2.4 RESEARCH ASSUMPTIONS 40
FIGURE 9 ASSUMPTIONS 40
2.5 LIMITATIONS 40
2.6 RISK ASSESSMENT 41
TABLE 1 LIMITATIONS & ASSOCIATED RISKS 41
3 EXECUTIVE SUMMARY 42
FIGURE 10 GLOBAL PROPAGATION OF COVID-19 43
TABLE 2 RECOVERY SCENARIOS FOR GLOBAL ECONOMY 43
3.1 REALISTIC SCENARIO 44
3.2 OPTIMISTIC SCENARIO 44
3.3 PESSIMISTIC SCENARIO 44
FIGURE 11 GROWTH PROJECTIONS OF LASER CLADDING MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 45
FIGURE 12 DIODE LASER TO HOLD LARGEST SHARE OF LASER CLADDING MARKET DURING FORECAST PERIOD 46
FIGURE 13 LASER CLADDING MARKET FOR LASER REVENUE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 46
FIGURE 14 LASER CLADDING MARKET FOR AEROSPACE AND DEFENSE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 47
FIGURE 15 LASER CLADDING MARKET IN APAC TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 48
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES IN LASER CLADDING MARKET 49
FIGURE 16 RISING DEMAND FOR ADDITIVE MANUFACTURING AND RAPID MANUFACTURING APPLICATIONS WOULD DRIVE IMPLEMENTATION OF LASER CLADDING PRODUCTS ACROSS AVIATION AND AUTOMOTIVE END-USE INDUSTRIES 49
4.2 LASER CLADDING MARKET IN NORTH AMERICA, BY COUNTRY AND BY TYPE 50
FIGURE 17 US AND DIODE LASER ARE EXPECTED TO HOLD LARGEST SHARE OF
NORTH AMERICAN LASER CLADDING MARKET IN 2021 50
4.3 LASER CLADDING MARKET IN APAC, BY END-USE INDUSTRY 50
FIGURE 18 OIL & GAS END-USE INDUSTRY TO HOLD LARGEST SHARE OF LASER CLADDING MARKET IN APAC DURING FORECAST PERIOD 50
4.4 LASER CLADDING MARKET, BY COUNTRY 51
FIGURE 19 LASER CLADDING MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
FIGURE 20 LASER CLADDING MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 52
FIGURE 21 DRIVERS AND THEIR IMPACT ON LASER CLADDING MARKET 53
FIGURE 22 OPPORTUNITIES AND THEIR IMPACT ON LASER CLADDING MARKET 53
FIGURE 23 RESTRAINTS AND CHALLENGES, AND THEIR IMPACT ON LASER
CLADDING MARKET 54
5.2.1 DRIVERS 54
5.2.1.1 Growing penetration of fiber lasers in laser cladding applications 54
5.2.1.2 Gradual transition from conventional laser technologies to laser cladding 55
5.2.1.3 Increasing requirement across additive manufacturing and rapid manufacturing 55
5.2.2 RESTRAINTS 56
5.2.2.1 High deployment costs and lack of personnel with required technical expertise 56
5.2.2.2 Environmental concerns over use of rare earth elements 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Adoption of laser cladding applications across aviation and automotive industries 56
5.2.3.2 Development of advanced laser cladding solutions 57
5.2.4 CHALLENGES 57
5.2.4.1 Slow industrial acceptance of laser cladding 57
5.3 VALUE CHAIN ANALYSIS 57
FIGURE 24 VALUE CHAIN ANALYSIS OF LASER CLADDING MARKET 58
5.4 ECOSYSTEM 59
FIGURE 25 LASER CLADDING MARKET: ECOSYSTEM 59
TABLE 3 LASER CLADDING MARKET: SUPPLY CHAIN 59
5.5 PORTER’S FIVE FORCES ANALYSIS 60
TABLE 4 LASER CLADDING MARKET: PORTER’S FIVE FORCES ANALYSIS 60
5.5.1 DEGREE OF COMPETITION 61
5.5.2 BARGAINING POWER OF SUPPLIERS 61
5.5.3 BARGAINING POWER OF BUYERS 61
5.5.4 THREAT OF SUBSTITUTES 61
5.5.5 THREAT OF NEW ENTRANTS 61
5.6 CASE STUDIES 62
5.6.1 ALPHA LASER FIXES DIMENSION OF HYDRAULIC SHAFT USING LASER CLADDING 62
5.6.2 EXTREME HIGH-SPEED LASER MATERIAL DEPOSITION PROVES RELIABLE, EFFICIENT, AND EFFECTIVE FOR SEALING GRAY IRON CASTINGS FOR BRAKE DISCS 62
5.6.3 SMART DIODE LASER CLADDING OFFERED CORROSION-RESISTANCE TO NAVAL DESTROYERS 62
5.6.4 LASER CLADDINGS WITH ADVANCED MATERIALS RETURNED RAM TO BETTER THAN OEM STANDARD AT LESS COST 62
5.7 TECHNOLOGY ANALYSIS 63
5.7.1 KEY TECHNOLOGY 63
5.7.2 COMPLEMENTARY TECHNOLOGY 63
5.7.3 ADJACENT TECHNOLOGIES 63
TABLE 5 COMPARISON OF LASER CLADDING AND ADJACENT TECHNOLOGIES 63
5.8 AVERAGE SELLING PRICE (ASP) TREND ANALYSIS 64
TABLE 6 AVERAGE SELLING PRICES OF LASER CLADDING MACHINES BASED ON TYPE OF LASERS 64
5.9 TRADE ANALYSIS 64
5.9.1 EXPORTS SCENARIO 64
TABLE 7 EXPORTS DATA FOR HS CODE: 901320, BY COUNTRY, 2016–2020 (USD THOUSAND) 65
FIGURE 26 EXPORTS DATA FOR LASERS, EXCLUDING LASER DIODES, FOR TOP FIVE COUNTRIES, 2016–2020 (USD THOUSAND) 65
5.9.2 IMPORTS SCENARIO 66
TABLE 8 IMPORTS DATA FOR HS CODE: 901320, BY COUNTRY, 2016–2020 (USD THOUSAND) 66
FIGURE 27 IMPORTS DATA FOR LASERS, EXCLUDING LASER DIODES, FOR TOP FIVE COUNTRIES, 2016–2020 (USD THOUSAND) 66
5.10 PATENTS ANALYSIS 67
TABLE 9 PATENTS RELATED TO LASER CLADDING, 2019–2021 67
5.11 TARIFFS AND REGULATIONS 73
5.11.1 TARIFFS RELATED TO LASER CLADDING MARKET 73
TABLE 10 TARIFFS IMPOSED BY CHINA ON EXPORTS OF LASERS, EXCLUDING LASER DIODES, BY COUNTRY, 2020 73
TABLE 11 TARIFFS IMPOSED BY US ON EXPORTS OF LASERS, EXCLUDING LASER DIODES, BY COUNTRY, 2020 73
TABLE 12 TARIFFS IMPOSED BY GERMANY ON EXPORTS OF LASERS, EXCLUDING LASER DIODES, BY COUNTRY, 2020 74
5.11.2 STANDARDS AND REGULATIONS RELATED TO LASER CLADDING MARKET 74
5.11.2.1 IEC 74
TABLE 13 IEC LASER CLASSIFICATIONS 74
5.11.2.2 CDRH 75
5.11.3 REGIONAL STANDARDS 75
5.11.3.1 US 75
TABLE 14 LASER STANDARDS DEFINED BY ANSI 76
5.11.3.2 Europe 76
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS 77
FIGURE 28 REVENUE SHIFT FOR LASER CLADDING MARKET 77
6 LASER CLADDING MARKET, BY TYPE 78
6.1 INTRODUCTION 79
FIGURE 29 DIODE LASER TO HOLD LARGEST SHARE OF LASER CLADDING MARKET DURING FORECAST PERIOD 79
TABLE 15 LASER CLADDING MARKET, BY TYPE, 2017–2020 (USD MILLION) 79
TABLE 16 LASER CLADDING MARKET, BY TYPE, 2021–2026 (USD MILLION) 80
6.2 DIODE LASER 80
6.2.1 DIODE LASER CLADDING OFFERS HIGH-QUALITY CLADDING WITH LOW DILUTION, LOW POROSITY, AND GOOD SURFACE FINISH 80
TABLE 17 LASER CLADDING MARKET FOR DIODE LASER, BY REGION,
2017–2020 (USD MILLION) 80
TABLE 18 LASER CLADDING MARKET FOR DIODE LASER, BY REGION,
2021–2026 (USD MILLION) 81
6.3 FIBER LASER 81
6.3.1 FIBER LASER IS AVAILABLE IN VARYING POWER MODES, INCLUDING CONTINUOUS WAVE (CW) AND MODULATED MODES 81
FIGURE 30 FIBER LASER CLADDING MARKET TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD 81
TABLE 19 LASER CLADDING MARKET FOR FIBER LASER, BY REGION,
2017–2020 (USD MILLION) 82
TABLE 20 LASER CLADDING MARKET FOR FIBER LASER, BY REGION,
2021–2026 (USD MILLION) 82
6.4 YAG LASER 82
6.4.1 YAG LASER CAN REACH DEEPER LAYERS OF SKIN TISSUES 82
TABLE 21 LASER CLADDING MARKET FOR YAG LASER, BY REGION,
2017–2020 (USD MILLION) 83
TABLE 22 LASER CLADDING MARKET FOR YAG LASER, BY REGION,
2021–2026 (USD MILLION) 83
6.5 CO2 LASER 83
6.5.1 CO2 LASER OFFERS HIGH POWER, PERFORMANCE, AND COMPACT SIZE 83
TABLE 23 LASER CLADDING MARKET FOR CO2 LASER, BY REGION,
2017–2020 (USD MILLION) 84
TABLE 24 LASER CLADDING MARKET FOR CO2 LASER, BY REGION,
2021–2026 (USD MILLION) 84
6.6 OTHERS 84
TABLE 25 LASER CLADDING MARKET FOR OTHER LASERS, BY REGION,
2017–2020 (USD MILLION) 85
TABLE 26 LASER CLADDING MARKET FOR OTHER LASERS, BY REGION,
2021–2026 (USD MILLION) 85
7 LASER CLADDING MARKET, BY REVENUE 86
7.1 INTRODUCTION 87
FIGURE 31 LASER CLADDING MARKET, BY REVENUE 87
FIGURE 32 LASER CLADDING MARKET FOR LASER REVENUE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 87
TABLE 27 LASER CLADDING MARKET, BY REVENUE, 2017–2020 (USD MILLION) 87
TABLE 28 LASER CLADDING MARKET, BY REVENUE, 2021–2026 (USD MILLION) 88
7.2 LASER REVENUE 88
7.2.1 LASER REVENUE COVERS REVENUE GENERATED FROM SALES OF DIFFERENT TYPES OF LASERS 88
TABLE 29 LASER CLADDING MARKET FOR LASER REVENUE, BY REGION,
2017–2020 (USD MILLION) 88
TABLE 30 LASER CLADDING MARKET FOR LASER REVENUE, BY REGION,
2021–2026 (USD MILLION) 89

7.3 SYSTEM REVENUE 89
7.3.1 EXTENSIVE APPLICABILITY OF LASER CLADDING SYSTEMS EXPANDS THEIR UTILITY ACROSS VARIOUS END-USE INDUSTRIES 89
TABLE 31 LASER CLADDING MARKET FOR SYSTEM REVENUE, BY REGION,
2017–2020 (USD MILLION) 89
TABLE 32 LASER CLADDING MARKET FOR SYSTEM REVENUE, BY REGION,
2021–2026 (USD MILLION) 90
8 LASER CLADDING MARKET, BY MATERIAL 91
8.1 INTRODUCTION 91
8.2 COBALT-BASED ALLOYS 91
8.3 NICKEL-BASED ALLOYS 91
8.4 IRON-BASED ALLOYS 91
8.5 CARBIDES & CARBIDE BLENDS 91
9 LASER CLADDING MARKET, BY END-USE INDUSTRY 92
9.1 INTRODUCTION 93
FIGURE 33 LASER CLADDING MARKET FOR AEROSPACE AND DEFENSE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 93
TABLE 33 LASER CLADDING MARKET, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 93
TABLE 34 LASER CLADDING MARKET, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 94
9.2 OIL & GAS 95
9.2.1 LASER CLADDING COMBATS CORROSION IN OIL & GAS INDUSTRY 95
TABLE 35 LASER CLADDING MARKET FOR OIL & GAS, BY REGION,
2017–2020 (USD MILLION) 95
TABLE 36 LASER CLADDING MARKET FOR OIL & GAS, BY REGION,
2021–2026 (USD MILLION) 95
9.3 MINING 96
9.3.1 LASER CLADDING IMPROVES DURABILITY OF TOOLS AND DEVICES USED IN MINING INDUSTRY 96
TABLE 37 LASER CLADDING MARKET FOR MINING, BY REGION,
2017–2020 (USD MILLION) 96
TABLE 38 LASER CLADDING MARKET FOR MINING, BY REGION,
2021–2026 (USD MILLION) 96
9.4 AEROSPACE & DEFENSE 97
9.4.1 LASER CLADDING IS USED FOR IMPROVING AIRCRAFT STRUCTURES 97
TABLE 39 LASER CLADDING MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION) 97
TABLE 40 LASER CLADDING MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION) 97
9.5 AUTOMOTIVE 98
9.5.1 LASER CLADDING HELPS BOOST OPERATING EFFICIENCY OF VEHICLES
AND REDUCE ENVIRONMENTAL IMPACT 98
FIGURE 34 APAC TO ACCOUNT FOR LARGEST SHARE OF LASER CLADDING MARKET
FOR AUTOMOTIVE END-USE INDUSTRY DURING FORECAST PERIOD 98
TABLE 41 LASER CLADDING MARKET FOR AUTOMOTIVE, BY REGION,
2017–2020 (USD MILLION) 98
TABLE 42 LASER CLADDING MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 99
9.6 POWER GENERATION 99
9.6.1 LASER CLADDING IS IDEAL FOR NUMEROUS PROBLEMS IN POWER GENERATION INDUSTRY 99
TABLE 43 LASER CLADDING MARKET FOR POWER GENERATION, BY REGION,
2017–2020 (USD MILLION) 99
TABLE 44 LASER CLADDING MARKET FOR POWER GENERATION, BY REGION,
2021–2026 (USD MILLION) 100
9.7 OTHERS 100
TABLE 45 LASER CLADDING MARKET FOR OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 100
TABLE 46 LASER CLADDING MARKET FOR OTHER END-USE INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 101
10 LASER CLADDING MARKET, BY REGION 102
10.1 INTRODUCTION 103
FIGURE 35 LASER CLADDING MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 103
TABLE 47 LASER CLADDING MARKET, BY REGION, 2017–2020 (USD MILLION) 103
TABLE 48 LASER CLADDING MARKET, BY REGION, 2021–2026 (USD MILLION) 104
10.2 NORTH AMERICA 104
FIGURE 36 NORTH AMERICA: LASER CLADDING MARKET SNAPSHOT 105
TABLE 49 NORTH AMERICA LASER CLADDING MARKET, BY TYPE,
2017–2020 (USD MILLION) 105
TABLE 50 NORTH AMERICA LASER CLADDING MARKET, BY TYPE,
2021–2026 (USD MILLION) 106
TABLE 51 NORTH AMERICA LASER CLADDING MARKET, BY REVENUE,
2017–2020 (USD MILLION) 106
TABLE 52 NORTH AMERICA LASER CLADDING MARKET, BY REVENUE,
2021–2026 (USD MILLION) 106
TABLE 53 NORTH AMERICA LASER CLADDING MARKET, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 107
TABLE 54 NORTH AMERICA LASER CLADDING MARKET, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 107
FIGURE 37 US TO CAPTURE LARGEST SHARE OF NORTH AMERICAN LASER CLADDING MARKET THROUGHOUT FORECAST PERIOD 108
TABLE 55 NORTH AMERICA LASER CLADDING MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 108
TABLE 56 NORTH AMERICA LASER CLADDING MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 108
10.2.1 US 109
10.2.1.1 Presence of oil & gas, automotive, and aerospace & defense industries in US to propel market growth 109
TABLE 57 NORTH AMERICA LASER CLADDING MARKET IN US, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 109
TABLE 58 NORTH AMERICA LASER CLADDING MARKET IN US, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 110
10.2.2 CANADA 110
10.2.2.1 Demand from automotive and aerospace industries to fuel market growth in Canada 110
TABLE 59 NORTH AMERICA LASER CLADDING MARKET IN CANADA, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 110
TABLE 60 NORTH AMERICA LASER CLADDING MARKET IN CANADA, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 111
10.2.3 MEXICO 111
10.2.3.1 Government investments in expanding oil and gas fields are expected to offer lucrative opportunities for laser cladding solutions providers 111
TABLE 61 NORTH AMERICA LASER CLADDING MARKET IN MEXICO, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 112
TABLE 62 NORTH AMERICA LASER CLADDING MARKET FOR MEXICO, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 112
10.3 EUROPE 112
FIGURE 38 EUROPE: LASER CLADDING MARKET SNAPSHOT 113
TABLE 63 EUROPE LASER CLADDING MARKET, BY TYPE, 2017–2020 (USD MILLION) 113
TABLE 64 EUROPE LASER CLADDING MARKET, BY TYPE, 2021–2026 (USD MILLION) 114
TABLE 65 EUROPE LASER CLADDING MARKET, BY REVENUE,
2017–2020 (USD MILLION) 114
TABLE 66 EUROPE LASER CLADDING MARKET, BY REVENUE,
2021–2026 (USD MILLION) 114
TABLE 67 EUROPE LASER CLADDING MARKET, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 115
TABLE 68 EUROPE LASER CLADDING MARKET, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 115
TABLE 69 EUROPE LASER CLADDING MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 115
TABLE 70 EUROPE LASER CLADDING MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 116
10.3.1 GERMANY 116
10.3.1.1 Investments and initiatives by key players would drive laser cladding market in Germany 116
TABLE 71 EUROPE LASER CLADDING MARKET IN GERMANY, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 117
TABLE 72 EUROPE LASER CLADDING MARKET IN GERMANY, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 117
10.3.2 UK 117
10.3.2.1 Increased domestic demand for energy could create lucrative opportunities for laser cladding solutions in UK 117
TABLE 73 EUROPE LASER CLADDING MARKET IN UK, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 118
TABLE 74 EUROPE LASER CLADDING MARKET FOR UK, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 118

10.3.3 FRANCE 118
10.3.3.1 Automotive industry in France to propel market growth in future 118
TABLE 75 EUROPE LASER CLADDING MARKET IN FRANCE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 119
TABLE 76 EUROPE LASER CLADDING MARKET FOR FRANCE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 119
10.3.4 REST OF EUROPE (ROE) 119
TABLE 77 EUROPE LASER CLADDING MARKET IN ROE, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 120
TABLE 78 EUROPE LASER CLADDING MARKET IN ROE, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 120
10.4 APAC 121
FIGURE 39 APAC: LASER CLADDING MARKET SNAPSHOT 121
FIGURE 40 FIBER LASER TO CAPTURE LARGEST SHARE OF APAC LASER CLADDING MARKET DURING FORECAST PERIOD 122
TABLE 79 APAC LASER CLADDING MARKET, BY TYPE, 2017–2020 (USD MILLION) 122
TABLE 80 APAC LASER CLADDING MARKET, BY TYPE, 2021–2026 (USD MILLION) 122
TABLE 81 APAC LASER CLADDING MARKET, BY REVENUE, 2017–2020 (USD MILLION) 123
TABLE 82 APAC LASER CLADDING MARKET, BY REVENUE, 2021–2026 (USD MILLION) 123
TABLE 83 APAC LASER CLADDING MARKET, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 123
TABLE 84 APAC LASER CLADDING MARKET, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 124
TABLE 85 APAC LASER CLADDING MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 124
TABLE 86 APAC LASER CLADDING MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 124
10.4.1 CHINA 125
10.4.1.1 China held largest share of APAC laser cladding market in 2020 125
FIGURE 41 AEROSPACE & DEFENSE TO GROW AT HIGHEST CAGR IN LASER CLADDING MARKET IN CHINA DURING FORECAST PERIOD 125
TABLE 87 APAC LASER CLADDING MARKET IN CHINA, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 125
TABLE 88 APAC LASER CLADDING MARKET IN CHINA, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 126
10.4.2 JAPAN 126
10.4.2.1 Increasing demand for electric and hybrid cars would aid growth of laser cladding in automotive industry 126
TABLE 89 APAC LASER CLADDING MARKET IN JAPAN, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 126
TABLE 90 APAC LASER CLADDING MARKET IN JAPAN, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 127
10.4.3 INDIA 127
10.4.3.1 Expansion of oil and gas facilities to boost demand for laser cladding solutions from oil & gas industry in India 127
TABLE 91 APAC LASER CLADDING MARKET IN INDIA, BY END-USE INDUSTRY,
2017–2020 (USD MILLION) 128
TABLE 92 APAC LASER CLADDING MARKET IN INDIA, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 128
10.4.4 SOUTH KOREA 128
10.4.4.1 South Korea has emerged as third-largest laser cladding
market in APAC 128
TABLE 93 APAC LASER CLADDING MARKET IN SOUTH KOREA, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 129
TABLE 94 APAC LASER CLADDING MARKET IN SOUTH KOREA, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 129
10.4.5 REST OF APAC (ROAPAC) 129
TABLE 95 APAC LASER CLADDING MARKET IN ROAPAC, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 130
TABLE 96 APAC LASER CLADDING MARKET IN ROAPAC, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 130
10.5 ROW 131
TABLE 97 ROW LASER CLADDING MARKET, BY TYPE, 2017–2020 (USD MILLION) 131
TABLE 98 ROW LASER CLADDING MARKET, BY TYPE, 2021–2026 (USD MILLION) 131
TABLE 99 ROW LASER CLADDING MARKET, BY REVENUE, 2017–2020 (USD MILLION) 131
TABLE 100 ROW LASER CLADDING MARKET, BY REVENUE, 2021–2026 (USD MILLION) 132
TABLE 101 ROW LASER CLADDING MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 132
TABLE 102 ROW LASER CLADDING MARKET, BY END-USE INDUSTRY,
2021–2026 (USD MILLION) 132
TABLE 103 ROW LASER CLADDING MARKET, BY REGION, 2017–2020 (USD MILLION) 133
TABLE 104 ROW LASER CLADDING MARKET, BY REGION, 2021–2026 (USD MILLION) 133
10.5.1 SOUTH AMERICA 133
10.5.1.1 Mining and automotive industries to drive market growth in
South America 133
TABLE 105 ROW LASER CLADDING MARKET IN SOUTH AMERICA, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 134
TABLE 106 ROW LASER CLADDING MARKET IN SOUTH AMERICA, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 134
10.5.2 MIDDLE EAST & AFRICA 134
10.5.2.1 Presence of oil & gas and mining industries in Middle East & Africa to drive market growth 134
TABLE 107 ROW LASER CLADDING MARKET IN MIDDLE EAST & AFRICA, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 135
TABLE 108 ROW LASER CLADDING MARKET IN MIDDLE EAST & AFRICA, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 135
11 COMPETITIVE LANDSCAPE 136
11.1 OVERVIEW 136
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 136
TABLE 109 OVERVIEW OF STRATEGIES DEPLOYED BY KEY LASER CLADDING PLAYERS 136
11.2.1 PRODUCT PORTFOLIO 137
11.2.2 REGIONAL FOCUS 137
11.2.3 MANUFACTURING FOOTPRINT 137
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 137
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2016–2020) 137
FIGURE 42 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN LASER CLADDING MARKET 137
11.4 MARKET SHARE ANALYSIS: LASER CLADDING MARKET, 2020 138
TABLE 110 DEGREE OF COMPETITION 138
11.5 COMPANY EVALUATION QUADRANT 139
11.5.1 STAR 139
11.5.2 EMERGING LEADER 139
11.5.3 PERVASIVE 140
11.5.4 PARTICIPANT 140
FIGURE 43 LASER CLADDING MARKET: COMPANY EVALUATION QUADRANT, 2020 140
11.6 STARTUP EVALUATION QUADRANT 141
11.6.1 PROGRESSIVE COMPANY 141
11.6.2 RESPONSIVE COMPANY 141
11.6.3 DYNAMIC COMPANY 141
11.6.4 STARTING BLOCK 141
FIGURE 44 LASER CLADDING MARKET: STARTUP (SME) EVALUATION QUADRANT, 2020 142
11.7 COMPANY FOOTPRINT 143
TABLE 111 PRODUCT FOOTPRINT OF COMPANIES 143
TABLE 112 TYPE FOOTPRINT OF COMPANIES 144
TABLE 113 END-USE INDUSTRY FOOTPRINT OF COMPANIES 145
TABLE 114 REGIONAL FOOTPRINT OF COMPANIES 146
11.8 COMPETITIVE SITUATIONS AND TRENDS 147
11.8.1 PRODUCT LAUNCHES 147
TABLE 115 PRODUCT LAUNCHES, NOVEMBER 2018–JANUARY 2020 147
11.8.2 DEALS 148
TABLE 116 DEALS, MARCH 2018– AUGUST 2021 148
11.8.3 OTHERS 151
TABLE 117 OTHERS, NOVEMBER 2018– MAY 2021 151
12 COMPANY PROFILES 152
12.1 INTRODUCTION 152
12.2 KEY PLAYERS 152
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)*
12.2.1 TRUMPF 152
TABLE 118 TRUMPF: BUSINESS OVERVIEW 152
FIGURE 45 TRUMPF: COMPANY SNAPSHOT 153
TABLE 119 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED 153
TABLE 120 TRUMPF: PRODUCT LAUNCHES 154
TABLE 121 TRUMPF: DEALS 154
TABLE 122 TRUMPF: OTHERS 155
12.2.2 OERLIKON 156
TABLE 123 OERLIKON: BUSINESS OVERVIEW 156
FIGURE 46 OERLIKON: COMPANY SNAPSHOT 157
TABLE 124 OERLIKON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 157
TABLE 125 OERLIKON: PRODUCT LAUNCHES 158
TABLE 126 OERLIKON: DEALS 158
TABLE 127 OERLIKON: OTHERS 159
12.2.3 COHERENT 161
TABLE 128 COHERENT: BUSINESS OVERVIEW 161
FIGURE 47 COHERENT: COMPANY SNAPSHOT 162
TABLE 129 COHERENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 163
TABLE 130 COHERENT: DEALS 163
12.2.4 IPG PHOTONICS 165
TABLE 131 IPG PHOTONICS: BUSINESS OVERVIEW 165
FIGURE 48 IPG PHOTONICS: COMPANY SNAPSHOT 165
TABLE 132 IPG PHOTONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
TABLE 133 IPG PHOTONICS: PRODUCT LAUNCHES 166
TABLE 134 IPG PHOTONICS: DEALS 166
12.2.5 HAN’S LASER 168
TABLE 135 HAN’S LASER: BUSINESS OVERVIEW 168
FIGURE 49 HAN’S LASER: COMPANY SNAPSHOT 169
TABLE 136 HAN’S LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
TABLE 137 HAN’S LASER: PRODUCT LAUNCHES 170
12.2.6 HOGANAS AB 171
TABLE 138 HOGANAS AB: BUSINESS OVERVIEW 171
TABLE 139 HOGANAS AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 171
12.2.7 LUMIBIRD 172
TABLE 140 LUMIBIRD: BUSINESS OVERVIEW 172
FIGURE 50 LUMIBIRD: COMPANY SNAPSHOT 173
TABLE 141 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 142 LUMIBIRD: PRODUCT LAUNCHES 174
TABLE 143 LUMIBIRD: DEALS 174
12.2.8 LUMENTUM 176
TABLE 144 LUMENTUM: BUSINESS OVERVIEW 176
FIGURE 51 LUMENTUM: COMPANY SNAPSHOT 177
TABLE 145 LUMENTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
TABLE 146 LUMENTUM: PRODUCT LAUNCHES 178
TABLE 147 LUMENTUM: DEALS 178
12.2.9 CURTISS-WRIGHT CORPORATION 179
TABLE 148 CURTISS-WRIGHT CORPORATION: BUSINESS OVERVIEW 179
FIGURE 52 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT 180

TABLE 149 CURTISS-WRIGHT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
TABLE 150 CURTISS-WRIGHT CORPORATION: DEALS 181
12.2.10 JENOPTIK 182
TABLE 151 JENOPTIK: BUSINESS OVERVIEW 182
FIGURE 53 JENOPTIK: COMPANY SNAPSHOT 183
TABLE 152 JENOPTIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183
TABLE 153 JENOPTIK: DEALS 184
TABLE 154 JENOPTIK: OTHERS 184
12.3 OTHER KEY PLAYERS 185
12.3.1 ALABAMA SPECIALTY PRODUCTS 185
12.3.2 EFESTO 186
12.3.3 FRAUNHOFER USA CENTER MIDWEST CMW 187
12.3.4 GRAVOTECH 188
12.3.5 HAYDEN CORPORATION 189
12.3.6 KONDEX CORPORATION 189
12.3.7 LASERBOND 190
12.3.8 LASERSTAR 191
12.3.9 LASERLINE 192
12.3.10 LASER CLADDING TECHNOLOGIES 193
12.3.11 LINCOLN LASER SOLUTIONS 194
12.3.12 OPTOMEC 195
12.3.13 PRECO 196
12.3.14 TECHNOGENIA 197
12.3.15 TLM LASER 198
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 199
13.1 DISCUSSION GUIDE 199
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 202
13.3 AVAILABLE CUSTOMIZATIONS 204
13.4 RELATED REPORTS 204
13.5 AUTHOR DETAILS 205