LONDON--(BUSINESS WIRE)--Technavio has been monitoring the laser cladding equipment market and it is poised to grow by USD 18.19 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ALPHA LASER GmbH, Coherent Inc., Fraunhofer Society for the Promotion of Applied Research eV, Gall & Seitz Systems GmbH, Optomec Inc., IPG Photonics Corp., Laserline GmbH, OC Oerlikon Corp. AG, and TRUMPF GmbH + Co. KG. are some of the major market participants. The declining cost of laser systems will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Declining cost of laser systems has been instrumental in driving the growth of the market.
Laser Cladding Equipment Market 2020-2024: Segmentation
Laser Cladding Equipment Market is segmented as below:
- High Power
- Low Power
- North America
- South America
- Power Generation
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Laser Cladding Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our laser cladding equipment market report covers the following areas:
- Laser Cladding Equipment Market Size
- Laser Cladding Equipment Market Trends
- Laser Cladding Equipment Market Industry Analysis
This study identifies the development of automatic laser cladding equipment as one of the prime reasons driving the laser cladding equipment market growth during the next few years.
Laser Cladding Equipment Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the laser cladding equipment market, including some of the vendors such as ALPHA LASER GmbH, Coherent Inc., Fraunhofer Society for the Promotion of Applied Research eV, Gall & Seitz Systems GmbH, Optomec Inc., IPG Photonics Corp., Laserline GmbH, OC Oerlikon Corp. AG, and TRUMPF GmbH + Co. KG. Backed with competitive intelligence and benchmarking, our research reports on the laser cladding equipment market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Laser Cladding Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist laser cladding equipment market growth during the next five years
- Estimation of the laser cladding equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the laser cladding equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of laser cladding equipment market vendors
Table Of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Industrial - Market size and forecast 2019-2024
- Mining - Market size and forecast 2019-2024
- Power generation - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Power
- Market segments
- Comparison by power
- High power - Market size and forecast 2019-2024
- Low power - Market size and forecast 2019-2024
- Market opportunity by power
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Price driver - Supply led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- ALPHA LASER GmbH
- Coherent Inc.
- Fraunhofer Society for the Promotion of Applied Research eV
- Gall & Seitz Systems GmbH
- Han's Laser Corp.Ltd.
- IPG Photonics Corp.
- Laserline GmbH
- Optomec Inc.
- OC Oerlikon Corp. AG
- TRUMPF GmbH + Co. KG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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