Cylinder liners, which are an vital part of marine diesel engines, are prone to damage owing to the pool working conditions of reciprocating friction and electrochemical corrosion. As a burgeoning manufacturing technology, laser cladding has a prospective application on repairing and performance enhancement of cylinder liners. The performance of cladding layers on cylinder liners reported by current studies is not satisfactory. The laser cladding, assisted by the steady state magnetic field on the cylinder liner, is an effectual method to cover the shortage. However, there are few studies about that. In this study, single-track Inconel 625 cladding layers were carried out on a cylinder liner, assisted by a steady-state magnetic field. The effects of the magnetic field intensity and direction on the geometrical characteristics (width, height, penetration, and dilution ratio), microstructure, phase composition, microhardness, wear resistance, and corrosion resistance were investigated. According to the results obtained, adding a magnetic field with a small magnetic field intensity can significantly enhance the flatness, hardness, friction, wear resistance, and corrosion resistance of the cladding layer. Applying a magnetic field in the horizontal direction was conducive to improving the corrosion resistance of the sample. With the application of a vertical magnetic field, the microhardness increased, and wear resistance, as well as the flatness of the cladding layer, were improved.