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Unveiling the Global Construction Lasers Market 2023: Precision in Progress

11-10-2023 04:36 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Unveiling the Global Construction Lasers Market 2023:

A recently published report by Allied Market Research titled, "Construction Lasers Market by Product and Range: Global Opportunity Analysis and Industry Forecast, 2018 - 2025," forecasts that the global construction lasers market is poised to reach $3,363.0 million by 2025, witnessing a notable growth from $2,394.6 million in 2017, at a CAGR of 4.4% from 2018 to 2025. In 2017, the Asia-Pacific region dominated the global market, contributing over 36.8% of the revenue share, followed by Europe.

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Construction lasers have emerged as efficient and precise tools, transforming the construction industry landscape. Due to technological advancements, these lasers have become more affordable, leading to increased adoption in emerging economies like Brazil, India, Mexico, and select Middle-Eastern countries. The surge in modern infrastructure projects has driven the demand for construction lasers, especially in complex constructions that demand precision. The future of construction lasers appears promising, set to grow at a substantial pace.

Leveraging the acronym LASER (Light Amplification by Stimulated Emission of Radiation), construction lasers play a pivotal role in activities such as leveling, surveying, measuring, and aligning in the construction industry. These tools, equipped with laser projectors, emit beams for calculating civil measurements, including distance, angle, elevation, and grade. Their quick and accurate performance has outshined traditional methods, making them indispensable in the construction sector.

In urban landscapes facing land shortage, the construction of intricate buildings with unique alignments necessitates precision, a requirement met adeptly by construction lasers. The growing construction industry worldwide has propelled the demand for construction activities, leading to research and development teams introducing better-performing, cost-effective products. Technological advancements have met consumer expectations for high-quality, precise products, offering significant opportunities for key market players. However, it's crucial to note that construction laser beams pose risks to workers, causing skin burns and potential damage to eyes, leading to permanent visual impairment. These factors act as constraints for the global construction lasers market.

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In 2017, the 1ft to 100ft segment held the highest market share of 52.1% in the construction lasers market and is expected to grow at a CAGR of 4.2% during the forecast period. Line laser levels are projected to contribute the highest market share throughout the forecast period, especially in various indoor applications. The rotatory laser level segment is anticipated to witness the highest CAGR of 5.2% during the forecast period.

The Asia-Pacific region is expected to dominate the construction lasers market, driven by key companies and increased construction activities in Asian countries. Europe and North America are forecasted 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, 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, with countries like China, Japan, South Korea, India, and Taiwan driving the construction lasers market.

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Major players in the market, including 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 embraced new product launches as a key strategy to expand their market presence.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. 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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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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