The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Construction Lasers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Construction Lasers Global Market Report 2024, 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..
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.
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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
Top Major Players:
Stanley Black & Decker Inc
Hilti Corporation
Kapro Industries Ltd.
PLS Pacific Laser Systems LLC
Robert Bosch Gmbh
Asia Pacific was the largest region in the construction lasers market in 2023.
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 maximum 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 modelling and redesigning designs.
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
….…….
31. Global Construction Lasers Market Competitive Benchmarking
32. Global Construction Lasers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Construction Lasers Market
34.Construction Lasers Market Future Outlook and Potential Analysis
35. Appendix
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