Global Laser Cladding Equipment Market to Grow at a CAGR of 8% by 2021 - High CAPEX & OPEX Deterring SMEs - Research and Markets

DUBLIN, Mar. 31, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Laser Cladding Equipment Market 2017-2021" report to their offering.

The global laser cladding equipment market to grow at a CAGR of 8.19% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is the use of high-power laser diodes in laser cladding. Laser cladding is a process, which is used to improve the property of the surface metal by adding another metal on it in a controlled manner. There are many other traditional methods like arc welding and thermal spraying. These methods have drawbacks like not meeting the desired output characteristics, ease of implementation, and operating costs. In response to the need for a more optimal source, high-power laser diodes were implemented in the cladding process.

According to the report, one driver in market is the need for additional corrective machining. Traditional methods of cladding require a high volume of heat to clad metals together. This may require additional corrective machining, which in turn, will increase the time and operational cost for the manufacturer. As a result, the demand for efficiency, performance, and extended life of the product is growing.

Key vendors

• IPG Photonics
• Oerlikon Metco
• OR Laser
• TRUMPF
  

Other Prominent Vendors

• Wuhan Hans Goldensky Laser System
• Flame Spray Technologies
• EFESTO

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/3v9hgj/global_laser

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