Construction Lasers Market Size, Growth Demand, Insights 2024-20323

The Business Research Company presents an extensive market research report on the Construction Lasers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The construction lasers market size has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to smart city initiative, increasing investment in research and development, expansion of the construction industry in emerging markets, focus on sustainable and green construction practices, demand for compact and portable laser solutions, increasing applications in interior construction..

The construction lasers market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to integration with building automation systems, rise in prefabricated construction, expansion of mixed-reality construction, focus on safety features, use in large-scale industrial construction.. Major trends in the forecast period include growing adoption of advanced technologies, integration of laser technology with building information modeling (bim), advancements in laser measurement technologies, automated and robotic solutions, shift toward digital construction workflows..

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Key Market Players:

Major companies operating in the construction lasers market report are Stanley Black & Decker Inc., Hilti Corporation, Kapro Industries Ltd., PLS Pacific Laser Systems LLC, Robert Bosch Gmbh, Hexagon AB, Trimble Inc., Leica Geosystems AG, Spectra Precision Lasers LLC, Johnson Level & Tool Mfg Co. Inc., Stabila Messgeräte Gustav Ullrich GmbH, Fluke Corporation, Pacific Laser Systems LLC, Sokkia Co. Ltd., Dewalt company Ltd., Makita Corporation, Milwaukee Electric Tool Corporation, Laser Alignment Inc., Greenlee Tools LLC, CST/Berger Corporation, Geomax International AG, Topcon Corporation, Laserliner Messtechnik GmbH, Firecore Laser Systems, Nivel System, Laser Technology Inc.

Market Drivers:

The rising construction industry is expected to propel the growth of the construction laser market going forward. The construction industry deals with creating, maintaining, and repairing infrastructure. The rise in the construction industry increases the demand for construction lasers as they are useful for various tasks and procedures carried out on a building site, including rehabilitation, assembly, obtaining accurate measurements (rangefinder function) when installing any plumbing systems, and many others. For instance, according to the Indian Ministry of Statistics and Programme Implementation, the construction sector is expected to grow by 16.8 percent in the April-June quarter of 2022-2023, as compared to 2.3 percent in 2021-2022. Therefore, the rising construction industry will drive the growth of the construction lasers market.

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The construction lasers market covered in this report is segmented -

1) By Type: Rotary Level Laser, Linear Laser Level, Plumb/Dot Laser, Other Types
2) By Range: 1 ft. To 100 ft., 101 ft. To 200 ft., 201 ft. And Above
3) By Application: Commercial, Residential

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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