Global Construction Lasers Market Expected to Reach $3,363.0 Million by 2025

Construction lasers are equipment that are implanted with laser technology to carry out construction activities. Construction activities, such as levelling, surveying, alignment, measurement, and calculations, are easily carried out with the help of these construction lasers. Use of modern technology in the field of construction has been trending globally. Technology, such as the construction lasers, helps the workers and contractors to carry out the construction activities in a precise, efficient way.

The construction lasers market is expected to grow during the forecast period, owing to increased consumer awareness in the developing nations such as India, Brazil, Mexico, and Arab countries. Construction project deadlines have been getting shorter, which has resulted in the adoption of construction lasers to complete these projects within deadline.

The production cost of these lasers has reduced, owing to R&D and emergence of new technologies. This factor has helped construction lasers to reach out to cost-sensitive markets of the Asia-Pacific.

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Asia-Pacific secured the highest share in the construction lasers market in 2017 and is expected to dominate during the forecast period, owing to rapid urbanization, presence of emerging economies, and increase in construction activities in the residential & commercial infrastructure projects.

The key players in the global construction lasers market include 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 Messgeräte Gustav Ullrich GmbH, Trimble, Inc. (Spectra Precision), and Topcon Corporation (Topcon Positioning Systems, Inc.).

The market players have adopted product launch as their key developmental strategy to provide better products to meet customer demands. Acquisitions and expansions are the other strategies adopted by the players to improve their offerings and boost their production processes. In addition, these strategies have helped companies to develop technologically upgraded products and expand their market share across different geographies

According to a new report published by Allied Market Research, titled,"Construction Lasers Market by Product and Range: Global Opportunity Analysis and Industry Forecast, 2018 - 2025",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.

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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.

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.

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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.

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.

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.

David Correa
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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.

This release was published on openPR.