The laser cleaning market is projected to grow at a CAGR of 5.53% to reach US$823.683 million by 2025, from US$596.216 million in 2019. Laser cleaning is a process of removing contaminants, such as oil, oxides, rust, and others from the surface of a material using laser technology. This is an environment friendly method which is widely used throughout the global industry. Increasing preference towards laser cleaning over traditional methods, as it provides more accuracy and causes minimal damage, and the rising demand of these solutions for various applications such as art restoration, mold cleaning, and paint removal among others are expected to drive the growth of the market during the forecast period. In addition, the growing automotive and aerospace industry is expected to propel the growth of the market in the approaching future.
The North America and Europe regions hold significant market shares owing to the early adoption of new technologies and the presence of key market players in the regions. In addition, growing environmental concerns in these regions are expected to propel the market growth opportunities over the forecast period. The Asia Pacific region is expected to exihibit significant growth during the forecast period on account of the increasing adoption of leaser cleaning in the automotive and aerospace industries. The region will dominate the global market accounting for a market share of more than 40% throughout the forecast period.
The Global Laser Cleaning Market – Forecasts from 2019 to 2025 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by power, component, application and geography.
The laser cleaning market has been segmented based on by power, component, application and geography. By power, the market is segmented as low power, mid power and high power. By component, market is segmented as hardware, software and services. By application, the market is segmented as contamination removal, mold cleaning, paint removal, art restoration and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2025. The global market has been broken down into North America, Europe and Asia Pacific. The report also analyzes 11 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
The laser cleaning market has been segmented by power, component, application and geography.