The handheld laser meter market size is expected to see strong growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing consumer demand, rising demand for precision in construction, increased focus on infrastructure development, growing real estate and interior design sectors, increasing energy-efficient solutions. Major trends in the forecast period include technological advancements in laser measurement, digitalization and integration with smart devices, collaboration with e-commerce platforms for increased market reach, integration of augmented reality (ar) for enhanced functionality, development of handheld laser distance meter products.
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Scope Of Handheld Laser Meter Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Handheld Laser Meter Market Overview
Market Drivers –
The increasing construction and real estate activities are expected to propel the growth of the handheld laser meter market going forward. Construction and real estate activities involve a broad spectrum of tasks associated with property creation, administration, and utilization. These tasks encompass constructing buildings, infrastructure, and facilities and engaging in the acquisition, disposition, leasing, and oversight of real estate properties. The increasing construction and real estate activities are due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Handheld laser meters are valuable tools in construction for their accuracy, speed, ease of use, versatility, consistency, and documentation capabilities, contributing to improved efficiency, productivity, and quality in construction projects. For instance, in December 2021, according to the United States Census Bureau, a US-based government agency, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10%. Therefore, the increasing construction and real estate activities drive the handheld laser meter market.
Market Trends –
Major companies operating in handheld laser meters are developing innovative products such as compact laser distance meters to meet the growing demand for portable, high-precision measurement solutions across industries. Compact laser distance meters are valuable tools for professionals and DIY enthusiasts, offering convenience, accuracy, and versatility for various measurement tasks. For instance, in May 2024, Fluke Corp., a US-based company that manufactures handheld laser meters, launched the 417D, a compact laser distance meter. This meter provides instant distance measurements up to 131 feet (40 meters) with an accuracy of 0.08 inches to drive accuracy, extend measurement ranges, and improve user-friendliness, enabling the development of more precise, versatile, and efficient devices. This compact handheld device is used for indoor and outdoor settings with a powerful laser that guarantees precise tracking of targets, even in challenging locations or at considerable distances. Withstanding a one-meter drop and boasting an IP54 rating for dust and water resistance, the 417D laser distance meter proves ideal for demanding work environments.
The handheld laser meter market covered in this report is segmented –
1) By Category: With Bluetooth, Without Bluetooth
2) By Range: Up To 30 Meters, 30-100 Meters, Above 100 Meters
3) By Distribution Channel: Direct Sales, Indirect Sales
4) By End User: Building And Construction, Mining, Military, Other End Users
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Regional Insights –
North America was the largest region in the handheld laser meter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handheld laser meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the handheld laser meter market are Robert Bosch GmbH, Danaher Corporation, Stanley Black & Decker Inc., Hilti Corporation, Makita Corporation, Bosch Power Tools, Fluke Corporation, Teledyne FLIR LLC, Hexagon AB, Nikon Corporation, Trimble Inc., Topcon Corporation, Spectra Precision, Leica Geosystems AG, Faro Technologies Inc., Cole-Parmer India Pvt. Ltd., L.S. Starrett Company, Transact Inc., Zircon Corporation, Acro Enterprise, Mileseey Technology Co. Ltd., Precaster Enterprises Co. Ltd., Prexiso AG, Stabila Inc, Entek Engineering LLC
Table of Contents
1. Executive Summary
2. Handheld Laser Meter Market Report Structure
3. Handheld Laser Meter Market Trends And Strategies
4. Handheld Laser Meter Market – Macro Economic Scenario
5. Handheld Laser Meter Market Size And Growth
…..
27. Handheld Laser Meter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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