Laser Cladding Equipment Market by Power, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41530
Technavio

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The laser cladding equipment market size is expected to grow by USD 16.33 million and record a CAGR of 3.34% during 2021-2025.

This post-pandemic laser cladding equipment market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this laser cladding equipment market analysis report, key drivers such as the adoption of modern and efficient material hard-facing and coating technology have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as competition from other hard-facing technologies, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Laser Cladding Equipment Market Size be in 2021?

Laser-Cladding-Equipment-Market-Market-Size-2020-2025

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Who are the Key Vendors in the Laser Cladding Equipment Market?

The laser cladding equipment market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • ALPHA LASER GmbH
  • Coherent Inc.
  • Fraunhofer Society for the Promotion of Applied Research eV
  • Gall and Seitz Systems GmbH
  • Hans Laser Technology Industry Group Co. Ltd.
  • IPG Photonics Corp.
  • KUKA AG
  • Laserline GmbH
  • OC Oerlikon Corp. AG
  • TRUMPF GmbH + Co. KG

 

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The laser cladding equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This laser cladding equipment market report further entails segmentation by end-user (industrial, mining, power generation, and others), power (high power and low power), and geography (Europe, North America, APAC, MEA, and South America). The available actionable insights on the segmentation in this report will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The laser cladding equipment market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Laser Cladding Equipment Market?

Laser-Cladding-Equipment-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. Europe will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

44% of the market’s growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for laser cladding equipment in the region. This report provides estimations of the contribution of all regions to the growth of the laser cladding equipment market size.

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 3.34%

Regional analysis

Europe, North America, APAC, MEA, and South America

Key consumer countries

US, Germany, China, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ALPHA LASER GmbH, Coherent Inc., Fraunhofer Society for the Promotion of Applied Research eV, Gall and Seitz Systems GmbH, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corp., KUKA AG, Laserline GmbH, OC Oerlikon Corp. AG, and TRUMPF GmbH + Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Laser Cladding Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laser cladding equipment market growth during the next five years
  • Precise estimation of the laser cladding equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laser cladding equipment industry across Europe, North America, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laser cladding equipment market vendors

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Laser Cladding Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.34%

Market growth 2021-2025

$ 16.33 million

Market structure

Fragmented

YoY growth (%)

2.39

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 44%

Key consumer countries

US, Germany, China, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ALPHA LASER GmbH, Coherent Inc., Fraunhofer Society for the Promotion of Applied Research eV, Gall and Seitz Systems GmbH, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corp., KUKA AG, Laserline GmbH, OC Oerlikon Corp. AG, and TRUMPF GmbH + Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The laser cladding equipment market growth will increase by $18.19 million during 2019-2024.
The laser cladding equipment market is expected to grow at a CAGR of 3.76% during 2019-2024.
Technavio has segmented the laser cladding equipment market by end user (Industrial, Mining, Power generation, and Others) ,other1 (High power and Low power) , and geographic (Europe, North America, APAC, MEA, and South America).
ALPHA LASER GmbH, Coherent Inc., Fraunhofer Society for the Promotion of Applied Research eV, Gall & Seitz Systems GmbH, Optomec Inc., IPG Photonics Corp., Laserline GmbH, OC Oerlikon Corp. AG, TRUMPF GmbH + Co. KG are a few of the key vendors in the laser cladding equipment market.
Europe will register the highest growth rate of 41.18% among the other regions. Therefore, the laser cladding equipment market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the laser cladding equipment market growth are:
  • Adoption of modern and efficient material hard-facing and coating technology
  • Development of automatic laser cladding equipment
The laser cladding equipment market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
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