Construction Lasers Market 2021 by Global Trends, Opportunity and Growth Analysis Forecast to 2025

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.

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.

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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.

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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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.

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