|12-06-2018 06:12 PM CET - Industry, Real Estate & Construction||
Construction Lasers Market : Latest Updates with Market Shares, Revenue, Topmost Industry Compotators by 2025
Press release from: Allied Market Research
Construction lasers are efficient and precise construction tools, which have been revolutionizing the construction industry. Owing to technological upgradations, construction lasers are available at affordable prices from many contractors. Such affordability has increased the adoption of construction lasers in the emerging economies such as Brazil, India, Mexico, and a few Middle-East countries. Construction of modern infrastructure has increased the demand of construction lasers. These infrastructures have complex designs, which require hybrid equipment such as construction lasers to carry out the construction activities. Future of construction lasers seems lucrative, which is expected to grow at a decent pace.
The major players, such as AdirPro, Stanley Black & Decker, Inc., Hilti Corporation, Johnson Level & Tool Mfg. Co., Inc., Kapro Industries Ltd., Pacific Laser Systems (Fortive Corporation), Robert Bosch GmbH, STABILA Messgerte Gustav Ullrich GmbH, Trimble, Inc. (Spectra Precision), and Topcon Corporation (Topcon Positioning Systems, Inc.), have adopted new product launch as their key strategy to expand their market foothold.
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The global construction lasers market is expected to reach $3,363.0 million by 2025, from $2,394.6 million in 2017, growing at a CAGR of 4.4% from 2018 to 2025. In 2017, the Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 36.8% share, followed by Europe.
LASER is an acronym for Light Amplification by Stimulated Emission of Radiation. Construction lasers are used in the construction industry for levelling, surveying, measuring, and aligning activities. The construction laser is a tool that consists of a laser projector, which emits laser beams toward a specific object. This laser beam is used to calculate numerous civil measurements such as distance, angle, elevation, and grade. Construction lasers provide quick and accurate construction activities as compared to traditional methods.
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In modern cities, land shortage is a common situation, which has led to the construction of complex buildings with unusual alignments that require precision during construction. Such complex measurements are done accurately using construction lasers.
Growth in the construction industry creates a huge demand for construction activities around the world. R&D teams have come up with better performing products, which cut down the manufacturing cost of these construction lasers. These advancements in technology meet consumer expectations for premium quality and high precision products. Thus, these factors are anticipated to provide potential opportunities for the key players operating in the market. However, construction laser beams are harmful for workers. Long-time exposure causes skin burns. Direct exposure to these beams damages the eyes causing permanent visual blindness. These factors restrict the growth of the global construction lasers market.
The construction lasers of the 1ft to 100ft segment contributed the highest share of 52.1% in the construction lasers market in 2017, and is expected to grow at a CAGR of 4.2% during the forecast period. In terms of product, the line laser level segment is expected to contribute the highest market share throughout the forecast period. The line lasers are extensively used in different indoor applications, which boosts their demand in the market. The rotatory laser level segment is expected to witness the highest CAGR of 5.2% during the forecast period.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.2. Hilti Corporation
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. Johnson Level & Tool Mfg. Co., Inc.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments
7.4. Kapro Industries Ltd.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.5. Pacific Laser Systems (Fortive Corporation)
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. Key strategic moves and developments
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The Asia-Pacific is anticipated to dominate the construction lasers market during the forecast period, owing to the presence of key companies and increase in construction activities in the Asian countries. Moreover, Europe and North America are expected to witness moderate growth during the forecast period.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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