The overall laser cleaning market is projected to
exhibit lucrative growth potential during the forecast period. The
market growth is propelled by the preference toward laser cleaning over
traditional approach and the increasing demand for laser cleaning in
various applications. The laser cleaning market was valued at USD 588.8
Million in 2018 and is expected to reach USD 723.9 Million by 2023, at a
CAGR of 4.22% during the forecast period.
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The market for fiber lasers is expected to witness a
significant growth during the forecast period owing to factors such as
high precision cleaning, good precision of position cleaning, selective
washing, and safe environment to facilitate ease-of-operation, coupled
with low maintenance cost. The increasing application areas in art and
heritage sites, along with automotive and aerospace parts and surface
cleaning, have led to the overall growth of the fiber laser market
Major players in the laser cleaning market include
Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG
Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC
(Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme)
(Germany).
Objectives of the Study:
- To define, describe, and forecast the global Laser cleaning market segmented on the basis of laser type, application, and geography
- To forecast the size in terms of value and volume of the market segments with respect to four major regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the laser cleaning market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the Laser cleaning market
- To analyze various strategies such as joint ventures, mergers and acquisitions, product launches, and research and development (R&D) in the Laser cleaning market
APAC expected to hold the highest growth rate in the overall laser cleaning market
The laser cleaning market, on the basis of region,
has been segmented into North America, Europe, APAC, and RoW. North
America is accounted for the largest share of the laser cleaning market
in 2018, followed by Europe and Asia Pacific (APAC). The growth of this
market in Asia Pacific can be attributed to the increased use of laser
cleaning in automotive parts and aerospace maintenance sector. The
growth in the market for laser cleaning in APAC is also driven by the
soaring infrastructure market in the region. APAC, comprising countries
such as China, Japan, India, and South Korea, is likely to account for a
major share of the laser cleaning market in 2018. This market growth
can be attributed to the increasing demand for lasers in cleaning of
cultural sites and heritage properties, along with the industrial
applications (power plants, nuclear plants, and refineries) in APAC.
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