Construction Lasers Market Expected to Reach $3,363.0 Million by 2025 : CAGR of 4.4% With Key Players AdirPro, Stanley Black & Decker, Inc., Hilti Corporation, Johnson Level & Tool Mfg. Co., Inc., Kapro Industries Ltd., Pacific Laser Systems (Fortive Corp

The growth of the construction lasers market is driven by increased urbanization and wide application of construction lasers in modern buildings. Nonetheless, hazards associated with construction laser beams as well as high set-up cost and periodic maintenance hinder the industry growth. On the other hand, high investments in R&D and advancements in technology as well as the rapid growth of the construction industry are likely to offer lucrative opportunities for the growth of the market.

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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A report published by Allied Market Research on “Construction Lasers Market by Product and Range: Global Opportunity Analysis and Industry Forecast, 2018 - 2025” says that the construction lasers market was valued at $2,394.6 million in 2017 and is likely to accrue a sum of $3,363.0 million by 2025, attaining a CAGR of 4.4% during the forecast period, 2018 - 2025.

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.

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In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 36.8% share, followed by Europe. The region is also 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.

Key Findings of the Construction Lasers Market

• In 2017, the line laser level segment dominated the global construction
lasers market, in terms of revenue, and is projected to grow at a CAGR of 3.4% during the forecast period.
• The 201ft and above segment is anticipated to grow at a CAGR of 4.6%
during the forecast period.
• The Asia-Pacific is estimated to exhibit the highest CAGR during the
forecast period. Countries, such as China, Japan, South Korea, India, and
Taiwan, are expected to drive the construction lasers market during the
forecast period.

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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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