Overview and Scope
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.
Sizing and Forecast
The construction lasers market size has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to smart city initiative, increasing investment in research and development, expansion of the construction industry in emerging markets, focus on sustainable and green construction practices, demand for compact and portable laser solutions, increasing applications in interior construction.
The construction lasers market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to integration with building automation systems, rise in prefabricated construction, expansion of mixed-reality construction, focus on safety features, use in large-scale industrial construction.. Major trends in the forecast period include growing adoption of advanced technologies, integration of laser technology with building information modeling (bim), advancements in laser measurement technologies, automated and robotic solutions, shift toward digital construction workflows.
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Segmentation & Regional Insights
The construction lasers market covered in this report is segmented –
1) By Type: Rotary Level Laser, Linear Laser Level, Plumb/Dot Laser, Other Types
2) By Range: 1 ft. To 100 ft., 101 ft. To 200 ft., 201 ft. And Above
3) By Application: Commercial, Residential
Asia Pacific was the largest region in the construction lasers market in 2023. The regions covered in the construction lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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 infrastructure. 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 lasers market.
Key Industry Players
Major companies operating in the construction lasers market report are Stanley Black & Decker Inc., Hilti Corporation, Kapro Industries Ltd., PLS Pacific Laser Systems LLC, Robert Bosch Gmbh, Hexagon AB, Trimble Inc., Leica Geosystems AG, Spectra Precision Lasers LLC, Johnson Level & Tool Mfg Co. Inc., Stabila Messgeräte Gustav Ullrich GmbH, Fluke Corporation, Pacific Laser Systems LLC, Sokkia Co. Ltd., Dewalt company Ltd., Makita Corporation, Milwaukee Electric Tool Corporation, Laser Alignment Inc., Greenlee Tools LLC, CST/Berger Corporation, Geomax International AG, Topcon Corporation, Laserliner Messtechnik GmbH, Firecore Laser Systems, Nivel System, Laser Technology Inc.
The construction lasers market report table of contents includes:
1. Executive Summary
2. Construction Lasers Market Characteristics
3. Construction Lasers Market Trends And Strategies
4. Construction Lasers Market – Macro Economic Scenario
5. Global Construction Lasers Market Size and Growth
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26. South America Construction Lasers Market
27. Brazil Construction Lasers Market
28. Middle East Construction Lasers Market
29. Africa Construction Lasers Market
30. Construction Lasers Market Competitive Landscape And Company Profiles
Top Major Players:
- Stanley Black & Decker Inc
- Hilti Corporation
- Kapro Industries Ltd
- PLS Pacific Laser Systems LLC
- Robert Bosch Gmbh
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