Mar 3, 2022   SOURCE: BusinessWire

Global Laser Cleaning Market (2021 to 2026) - by Application Type, Laser Type and Geography - ResearchAndMarkets.com

The "Global Laser Cleaning Market (2021-2026) by Application Type, Laser Type, Geography" report has been added to ResearchAndMarkets.com's offering.

The Global Laser Cleaning Market is estimated to be USD 710.6 Mn in 2021 and is expected to reach USD 956.79 Mn by 2026, growing at a CAGR of 6.13%.

The market increases usage in restoration and conservation purposes such as Art Restoration the Global Laser Cleaning Market. The growing preference for laser cleaning systems and techniques over traditional methods drives the market's growth. Also, the ever-increasing automotive industry will increase the demand for laser cleaning systems, such as increasing use in tire mold cleaning and brake line decorating techniques, fuelling the market's growth. On the other hand, the high cost of system installation and the lack of skilled professionals restrict the market's growth.

Furthermore, technical complexities in handling the system, especially for High-Powered Lasers, negatively affect the market's growth. Moreover, increasing demand in various applications such as industrial including the automotive sector, aerospace and aircraft, cleaning processes, and restoration and conservation purposes will create opportunities for the market to grow in the forecasted period.

Market Segmentation

  • The Global Laser Cleaning Market is segmented further based on Application Type, Laser Type, and Geography.
  • By Application Type, the market is classified into Conservation and Restoration, Cleaning Process, Industrial Usage.
  • By Laser Type, the Laser Cleaning market is classified into Gas Laser and Solid Laser.
  • By Geography, America is projected to lead the market.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Laser Cleaning Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

  • Increasing Usage for Conservation and Restoration Purpose
  • Rising Demand due to Growing Automotive Industry

Restraints

  • Lack of Technical Expertise
  • High Cost Associated with System Installation

Opportunities

  • Increasing Demand in Various Applications
  • Growing Adoption of Laser Cleaning System Over Traditional Method

Challenges

  • High Amount of Technical Complexities

Companies Mentioned

  • II-VI Incorporated
  • Adapt Laser Systems LLC
  • Advanced Laser Technology
  • Allied Scientific Pro
  • ALT Laser Ltd
  • Anilox Roll Cleaning Systems
  • Andritz AG
  • ATCORE Tech Solutions
  • Clean Laser systeme GmbH
  • EMAG GmbH & Co. KG
  • Foshan HSG Laser
  • General Lasertronics Corporation
  • Glorystar Laser
  • Han's Laser
  • IPG Photonics Corporation
  • Laserax, Inc
  • Laser Photonics
  • LASCAM System
  • Light Mechanics
  • Optola
  • Perfect Laser Co Ltd
  • P- Laser
  • Scantech Laser Pvt Ltd
  • SENFENG LEIMING LASER
  • Spectrum Plastic Group
  • Suresh Indu Laser (SIL)
  • Techno Laser
  • Trumpf Group
  • White Lion Dry & Ice Laser Cleaning Technology
  • Wuhan Huagong Laser Engineering Co Ltd
  • Wuhan Chutian Laser Group Co Ltd
  • Wuhan TA Laser Machinery Co Ltd

For more information about this report visit https://www.researchandmarkets.com/r/fpp7ar