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Construction Lasers Market 2023 - Market Share, Size, Business Growth, Key Drivers, And Forecast To 2032
Construction Lasers Market Analysis
The Business Research Company's Construction Lasers Global Market Report 2023 identifies rising construction industry as the major driver for the construction lasers market's growth in the forecast period. 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.
The global construction lasers market size 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 size is expected to grow to $3.25 billion in 2027 at a CAGR of 4.7%.
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Major competitors 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.
A key trend in the construction lasers market includes technological advancement. 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.
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The construction lasers market 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
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the construction lasers market.
The Business Research Company's "Global Construction Lasers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Construction Lasers Market Include:
1. Executive Summary
2. Construction Lasers Market Characteristics
3. Construction Lasers Market Trends And Strategies
4. Construction Lasers Market - Macro Economic Scenario
5. Construction Lasers Market Size And Growth
………
26. Africa Construction Lasers Market
27. Construction Lasers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Lasers Market
29. Construction Lasers Market Future Outlook and Potential Analysis
30. Appendix
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