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Laser cladding system market primarily caters to large, medium and small industries for applications in improving the surface metal property by covering them with performance coating. This process utilizes the high intensity laser to melt the metal small part of the metal surface which is then fed with the desired powder. This process is scanned across the desired surface to form uniform material coating across the surface. Moreover, it also finds significant applications in weld repair applications over the Plasma Transfer Arc (PTA) welding and Tungsten Inert Gas (TIG) among others owing to its high performance.

Improved dimensional restoration and reconditioning are expected to be major factors that will influence the industry growth positively

Arc welding and thermal spraying are among the few conventional methods that have many drawbacks such as low desired outputs, difficulty in installation and high operational costs. Moreover, conventional methodologies require large heat volumes and additional corrective machining for these processes, which adds on to the operational costs and production time. Utilization of high power laser diodes for cladding and reconditioning purposes in turn optimizes the operational costs. Furthermore, requirement to improve the overall process efficiency, product life and material performance will fuel the demands for these systems through the forecast period.

Global Laser Cladding System Market Taxonomy

On the basis of equipment, the global laser cladding system market is classified into:

  • Diode laser
  • Powder feeders
  • Powder nozzles
  • Process monitoring controller
  • Safety cabin & exhaust
  • Others

On the basis of end use, the global laser cladding system market is classified into:

  • Manual
  • Automatic

On the basis of process materials, the global laser cladding system market is classified into:

  • Cladding with powder
  • Cladding with wire

On the basis of applications, the global laser cladding system market is classified into:

  • Automotive
  • Electro technology
  • Aerospace
  • Material processing and
  • Metal processing
  • Others

On the basis of regions, the global laser cladding system market is classified into:

  •   North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Proliferation of additive manufacturing in the industries is among the major trend gaining traction that will fuel the growth of global laser cladding system market

Additive manufacturing, also known as 3D printing, is the terminology used for addressing the process in which 3D design digital data is used for building a tool or equipment by depositing layer of materials. Owing to their high product efficiency and minimal designing errors in conjunction with enhanced cost savings, has led increased inclination of end use industries such as automotive, aerospace, healthcare implants and equipment manufacturing towards 3D printing technologies. Stereolithography (SLA) and selective laser sintering (SLS) increasingly utilize these technologies in the process which is expected to drive the laser cladding system market growth.

Increasing demand for end-use industries that specifically include automotive, aerospace and ship building will provide substantial growth prospects over the forecast period

Increased average per capita income across the major economies of the globe that includes, U.S., China, India, Japan and Western Europe economies, has led to increased consumer spending power, which in turn is fueling the demand for automotive and other transportation means. According to U.S. Department of Transportation’s Federal Highway Administration (FHWA) and Bureau of transportation Statistics (BTS) in March 2016, estimated the volume of freight to rise over 40% and the value by 92% over the next three decades. Moreover, increasing advancements in the automotive segment such as advent of electronic vehicles, connected automobiles and increasing passenger cars demand will present substantial growth prospects over the next few years.

Utilization of the laser cladding technologies has witnessed significant surge, specifically in the wind power generation segment. Increasing reliance on wind power owing to low cost per MWh in regions such as China, U.S., Denmark, Spain, UK, and Germany will propel the adoption of these systems across the industry. According to industry experts, these are featured to enhance the performance efficiency by over 80% and product life by 70%.

Presence of chief aerospace industry participants in the U.S., which is the largest end use industry segment is expected to fuel the regional dominance over the forecast period. Moreover, the region is also characterized by the presence of some major automotive industry participants that include Chrysler, GM, and Ford will boost the regional growth prospects. High capital expenditure (CAPEX) is expected to remain the primary growth challenge to the laser cladding system market.

Global Laser Cladding System Market: Key Players

Key industry participants in the laser cladding system market include Oerlikon Metco, IPG Photonics, OR Laser, Wuhan Hans Goldensky Laser System, EFESTO, Flame Spray Technologies, Huffman, TLM Laser, and HAMUEL Maschinenbau.

Global Laser Cladding System Market: Key Developments

  • In July 2019, Oerlikon Metco acquired AMT AG in Kleindöttingen, Switzerland, aiming to focus and expand its surface solution technologies while increasing market applications and service accessibility to customers.
  • In September 2019, Oerlikon Metco introduced turnkey built-to-print pump components with improved surface solutions for corrosion and wear using precision-controlled process.
  • In November 2018, IPG Photonics Corporation introduced High Power Fiber Lasers that will provide increased flexibility and speed in their laser applications, while in many instances reducing costs and improving overall throughput.
  • In August 2017, IPG Photonics Corporation formed partnership with MC Machinery (MCM) to promote IPG's growing portfolio of industrial laser systems for materials processing applications.
  • In August 2015, EFESTO, LLC entered into a structured reseller agreement with Sciaky, Inc., a subsidiary of Phillips Service Industries, Inc. (PSI) to sale Sciaky’s Electron Beam Additive Manufacturing (EBAM) metal 3D printing systems and services to targeted countries Australia, Brazil, China, India, Japan, Nigeria, Poland, Russia and South Korea and Middle East.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users