Global Laser Cladding Equipment Market 2021-2025
Technavio has been monitoring the laser cladding equipment market and it is poised to grow by $ 16.33 mn during 2021-2025, progressing at a CAGR of over 3% during the forecast period. Our report on laser cladding equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the adoption of modern and efficient material hard-facing and coating technology and growing demand from mechanical component repair and renovation applications. In addition, adoption of modern and efficient material hard-facing and coating technology is anticipated to boost the growth of the market as well.
The laser cladding equipment market analysis includes end-user and power segments and geographic landscape.
Technavio's laser cladding equipment market is segmented as below:
- Power generation
By Geographical Landscape
- North America
- South America
This study identifies the declining cost of laser systems as one of the prime reasons driving the laser cladding equipment market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on laser cladding equipment market covers the following areas:
- Laser cladding equipment market sizing
- Laser cladding equipment market forecast
- Laser cladding equipment market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading laser cladding equipment market vendors that include 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. Also, the laser cladding equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.