Global Laser Cladding Equipment Market Report and Forecast 2024-2032

Global Laser Cladding Equipment Market Outlook

The global laser cladding equipment market is expected to develop at a CAGR of 9.1% during 2024-2032. Laser cladding machines use lasers and nano-materials to reinforce alloys in various parts.

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Applications include oil and gas industry components, hard facing of valve seats, bearing shafts, water walls and tanks, hydraulic shafts, forestry and agricultural equipment, mining equipment, remanufacturing, bearing seats, cylinder liners and pins. Europe, Asia, and North America are likely to be significant markets. 

Global Market Likely to be Driven by Advantages Afforded by Modern Laser Cladding Techniques

Laser cladding (laser metal deposition) refers to the process of adding a material to another material’s surface; the cladding technology enables the accurate deposition of materials selectively and with marginal heat put into underlying substrate. The process enables property enhancements for a given part’s surface (including superior wear resistance) and repair of worn or damaged surfaces. The creation of such a mechanical bond between the layer and the base material is an accurate welding process. 

There are several advantages to laser cladding over orthodox coating processes. These include: delivery of superior quality coating material with little dilution and distortion, better surface quality, capability to deposit customized performance enhancing material precisely where needed, choice to employ a variety of materials (as substrate and layer), very little porosity between deposits, comparatively low heat input resulting in narrow heat affected zone, lower production time, better thermal regulation with laser power modulation, and others. Such advantages are expected to boost the global laser cladding equipment market. 

Laser Cladding May be Performed with Many Metals

Laser cladding may be carried out with several metals, including cobalt alloys, aluminium alloys, nickel self-fluxing alloys, copper alloys, super alloys, stainless steels, tool steels, titanium alloys, MMC including carbides, and nano additive alloys. The broad range of materials capable of being used for laser cladding enables its use in multiple industrial applications, such as repair of parts, rapid manufacture, and surface enhancement. For example, materials like tungsten carbide in an MMC provide greater durability, rendering is suitable for coating applications warranting better wear resistance. Applications of laser cladding include areas such as agriculture, aerospace, drilling, power and mining.  

Applications of Laser Cladding Likely to Stimulate Market Growth

Laser clad materials may be employed to shield counter blades, saw blades, disc harrows and other cutting tools from corrosion and wear while offering better cutting characteristics. The process involves low distortion, meaning the tools are placed straight while achieving varying coating thicknesses; coated tools are useful in domains such as agriculture and construction. 

High performance drilling tools have uses in industrial domains such as mining, geothermal and oil and gas. Tools used in these domains require wear protection to endure extreme stresses involved in work processes and complete their useful lives.  

Laser cladding (involving coating like nickel alloy with decent corrosion resistance and robustness) could help prevent cracking in heat exchangers and provide superior wear protection at higher temperatures.  

Hydraulic cylinders (like those employed in mining) need coating to shield against corrosion due to the local atmosphere. Laser cladding replaced the traditional chrome plating as it offered better durability. 

Advancements in technology have enabled more efficient higher speed deposition with thinner layers which has led to laser cladding becoming a replacement for hard chromium plating in certain applications. Such applications are expected to boost the global laser cladding equipment market. 

Developments in the Industry Expected to Stimulate Market

Companies like WALDUN supply service as well as machine for laser cladding. 

Advances in robotic laser technology have enabled specialty robotic handling systems that allow higher production rates on intricate parts with minimal setup time. Companies like Spraywerx offer laser cladding machines and equipment from GTV GmbH.

In 2023, Oerlikon Metco Coating Services announced that its new laser cladding service centre was fully operational in Huntersville, North Carolina, USA. 

In 2023, it was reported that Fraunhofer IWS developed an efficient, fast and sustainable coating for industrial components; HICLAD® enabled resilient laser cladding with high-power laser. Such developments are likely to drive the global laser cladding equipment market. 

Market Segmentation

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By type, the market is segmented into: 

• High Power

• Low Power

By application, the market is divided into:

• Power Generation

• Industrial

• Mining

• Paper Printing

• Others

By region, the market is segmented into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Key Industry Players in the Market

The report comprehensively assesses key players in the global laser cladding equipment market; it gauges their capacity, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

• TWI Ltd.

• Spraywerx

• OC Oerlikon Management AG

• Preco, LLC

• Laser Cladding Technologies

• TLM Laser Ltd

• Meera Lasers Solution Pvt Ltd

• Others

With the help of Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the industry.

Key Highlights of the Report

Laser Cladding Equipment Market Report Snapshots

Laser Cladding Equipment Market Size

Laser Cladding Equipment Market Growth

Laser Cladding Equipment Companies