Summary
Major players in the construction lasers market are Stanley Black & Decker Inc, Hilti Corporation, Kapro Industries Ltd., PLS Pacific Laser Systems LLC, Robert Bosch Gmbh, STABILA Messgerate Gustav Ullrich GmbH, AdirPro, Topcon Positioning Systems Inc, Hexagon AB, Faro Technologies, DEWALT, Sola International Inc, Alltrade Tools LLC, GeoSLAM Limited, and Leica Geosystems.
The global construction lasers market is expected to grow from $2.56 billion in 2022 to $2.70 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction lasers market is expected to grow to $3.25 billion in 2027 at a CAGR of 4.7%.
The construction laser consists of sales of pump source, laser medium, optical resonator, and other types.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Construction lasers refer to a tool that uses a continuous laser beam to generate a solid line at a level point on both horizontal and vertical surfaces, doing away with the need to draw a yardstick or fictitious line to link the lines.
Asia Pacific was the largest region in the construction lasers market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of construction lasers are rotary level laser, linear laser level, plumb or dot laser, and other types. A rotary level laser is a device that indicates horizontal or vertical levels or other construction points using a continuous, 360-degree arc of laser light that ranges from 1 ft. to 100 ft., 101 ft. to 200 ft., and 201 ft. and above. The various applications involved commercial and residential.
The rising construction industry is expected to propel the growth of the construction laser market going forward.The construction industry deals with creating, maintaining, and repairing infrastructures.
The rise in the construction industry increases the demand for construction lasers as they are useful for various tasks and procedures carried out on a building site, including rehabilitation, assembly, obtaining accurate measurements (rangefinder function) when installing any plumbing systems, and many others. For instance, according to the Indian Ministry of Statistics and Programme Implementation, the construction sector is expected to grow by 16.8 percent in the April-June quarter of 2022-2023 as compared to 2.3 percent in 2021-2022. Therefore, the rising construction industry will drive the growth of the construction laser market.
Technological advancements are the key trends gaining popularity in the construction laser market.Major companies operating in the construction lasers market are focused on developing new technological solutions to strengthen their position in the market.
For instance, in August 2022, Trimble, a US-based company operating in construction lasers launched the Trimble X12 scanning system which combines Zoller+Fröhlich (Z+F) 3D laser scanning and imaging hardware technology with Trimble software for "perfect data capture" and on-site registration. Its unique features include a 0.3 to 365-meter scanning range and a max scan speed of 2.2 million points per second. The Trimble X12 scanning system takes high-resolution area scans for additional details on places of interest and captures inaccessible areas even from a safe distance. It scans intricate industrial facilities for modeling and redesigning designs.
In May 2022, Precisional LLC, a US-based company providing precision measurement and software/data solutions acquired four industrial technology businesses from Trimble including Spectra Precision Tools for an undisclosed amount.With this acquisition, Precisional LLC seeks to provide the framework for a new platform that focuses on accurate measurement and analytical insights to boost productivity across a variety of applications that require accuracy and dependability.
Spectra Precision Tools is a US-based company operating in construction lasers.
The countries covered in the Construction Lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The construction lasers market research report is one of a series of new reports that provides construction lasers market statistics, including construction lasers industry global market size, regional shares, competitors with a construction lasers market share, detailed construction lasers market segments, market trends and opportunities, and any further data you may need to thrive in the construction lasers industry. This construction lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
