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Laser Cladding System Market

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Laser Cladding System Market report categorizes global market on the basis of equipment, end-use, process materials, and applications - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Laser Cladding System Market - Global
Industry Insights, Trends, 2018–2026
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.
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Proliferation of additive manufacturing in the industries is among the major trend
gaining traction that will fuel the industry growth
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.
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.
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