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Laser Cladding Market Size Growth Rate by Application 2021 Analysis, Share, Manufacturers, Growth Factor and Forecast to 2027

12-02-2021 07:20 AM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The Laser Cladding Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Laser Cladding Market Size is Projected to Reach at a CAGR of 10% during 2021-2026.

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Top Leading Companies:

Praxair S.T. Technology, H�gan�s AB, Trumpf, Coherent, STORK, Flame Spray Technologies, IPG Photonics, Wall Colmonoy, Alabama Laser, Kennametal Stellite, Hayden Corp, Apollo Machine and Welding Ltd, DURUM Verschlei�schutz GmbH, Sentes-BIR, Optomec, Hardchrome Engineering, American Cladding Technologies, Hornet Laser Cladding, AMC Powders

Recent Developments

In August 2021 TRUMPF and STARMATIK, the Italian specialist for robotic automation of sheet metal processing machines, entered into a strategic partnership for bending machine automation.
In July 2021, Lumibird signed an exclusive agreement with AREVA to acquire its 37% stake in CILAS. This acquisition would strengthen Lumibird’s key position in Europe in the defense and civil markets.s
In  June 2021, II-VI Incorporated and Coherent announced that II-VI’s shareholders and Coherent’s stockholders have each voted overwhelmingly to adopt and approve the merger agreement for II-VI to acquire Coherent.
In March 2021, Lumibird signed an agreement with the Swedish company Saab to acquire its defense laser rangefinder business. This acquisition would contribute to consolidating the Lumibird Group’s position in the European defense market.
In March 2021, Oerlikon Metco Coating Services (MCS) focused its US thermal spray and laser cladding activities and joined Oerlikon AM in Huntersville, NC. By combining Oerlikon AM’s additive manufacturing capabilities with Oerlikon Metco’s coating capabilities under one roof, the company can now offer “Print & Coat” parts.
In January 2021, Lumibird announced a worldwide agreement with GWU-LASERTECHNIK for the commercialization of GWU’s optical parametric oscillator (OP) with Lumibird’s solid-state lasers. This agreement expanded Lumibird’s offering for pulsed Nd: YAG lasers to include tunable OPO systems.

Laser Cladding Market Segmentation by Type:

Laser Cladding Material
Laser Cladding Equipment
Laser Cladding Service

Laser Cladding Market Segmentation by Application:

Aviation
Power Generation
Automotive and Transportation
Petrochemical processing
Mining
Others

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Laser cladding market in APAC to grow at the highest rate

The laser cladding market in APAC is expected to grow at the highest CAGR during the forecast period. The major countries contributing to the laser processing market in APAC include China, Japan, South Korea, and India. APAC has been ahead in terms of the adoption of laser processing solutions compared with other regions. Several government- and private-funded startups have emerged for the development of advanced laser cladding applications. For instance, Hornet, a laser-based surface solutions company based in China, offers advanced laser cladding such as EHLA cladding and wide beam cladding for oil & gas, mining, and agriculture industries. Increasing R&D investments in laser technologies and growing manufacturing and electronics sectors, coupled with the high population density, are expected to drive the growth of the laser cladding market in the region.

Regional Laser Cladding Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Laser Cladding Market Report:

Detailed overview of Laser Cladding Market
Changing the Laser Cladding market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Laser Cladding market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Laser Cladding Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Laser Cladding Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Laser Cladding industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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