According to a market report by Lucintel, the future of the global laser cladding equipment market looks promising with opportunities in the industrial, mining, and power generation markets. The global laser cladding equipment market is expected to grow with a CAGR of 3.8% from 2025 to 2031. The major drivers for this market are the increasing demand for surface protection, the rising adoption in aerospace industry, and the growing need for efficient manufacturing processes.
A more than 150-page report to understand trends, opportunity and forecast in laser cladding equipment market to 2031 by type (high power and low power), application (industrial, mining, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, high power is expected to witness higher growth over the forecast period.
Within the application category, power generation is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Coherent, IPG Photonics, OR Laser, Trumpf, Wuhan Hans Goldensky Laser System, Flame Spray Technologies, Efesto are the major suppliers in the laser cladding equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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