Global Laser Cladding Market Growth (Status and Outlook) 2025-2031

The global Laser Cladding market size is predicted to grow from US$ 1793 million in 2025 to US$ 2844 million in 2031; it is expected to grow at a CAGR of 8.0% from 2025 to 2031.

Laser cladding, also known as laser metal deposition, is a technique for adding one material to the surface of another. The laser cladding process allows for property improvements for the surface of a part, including better wear resistance, as well as allowing for the repair of damaged or worn surfaces.

Global key players of laser cladding include Oerlikon Metco, Praxair S.T. Technology, etc. Global top 3 companies hold a share over 30%. Asia-Pacific is the largest market, with a share over 40%, followed by Europe and North America with the share about 25% and 20%. In terms of product, laser cladding service is the largest segment, with a share over 60%. And in terms of application, the largest application is power generation, with a share about 20%.

LPI (LP Information)' newest research report, the “Laser Cladding Industry Forecast” looks at past sales and reviews total world Laser Cladding sales in 2024, providing a comprehensive analysis by region and market sector of projected Laser Cladding sales for 2025 through 2031. With Laser Cladding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Laser Cladding industry.

This Insight Report provides a comprehensive analysis of the global Laser Cladding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Laser Cladding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Laser Cladding market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Laser Cladding and breaks down the forecast by Form, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Laser Cladding.

This report presents a comprehensive overview, market shares, and growth opportunities of Laser Cladding market by product type, application, key players and key regions and countries.

Segmentation by Form:
Laser Cladding Material
Laser Cladding Equipment
Laser Cladding Service

Segmentation by Application:
Aviation
Power Generation
Automotive and Transportation
Petrochemical processing
Mining
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Oerlikon Metco
Praxair S.T. Technology
Höganäs AB
Trumpf
Coherent
STORK
Flame Spray Technologies
IPG Photonics
Wall Colmonoy
Alabama Laser
Kennametal Stellite
Hayden Corp
Apollo Machine and Welding Ltd
DURUM Verschleißschutz GmbH
Sentes-BIR
Optomec
Hardchrome Engineering
American Cladding Technologies
Hornet Laser Cladding
AMC Powders

Please note: The report will take approximately 2 business days to prepare and deliver.