Construction Lasers Market 2024 - Growth by Regional Segments, Upcoming Business Strategies, Industry Revenue And Forecast by 2033

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.

Market Overview -
Construction lasers refer to a tool that uses a continuous laser beam to generate a solid line at a level point on both horizontal and vertical surfaces, doing away with the need to draw a yardstick or fictitious line to link the lines.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7916&type=smp

Construction Lasers Market Set To Grow With The Rising Construction Industry
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.

Competitive Landscape -
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.

Trimble Launches Revolutionary X12 Scanning System For Construction Lasers Market
Technological advancements are the key trends gaining popularity in the construction laser market. Major companies operating in the construction lasers market are focused on developing new technological solutions to strengthen their position in the market. For instance, in August 2022, Trimble, a US-based company operating in construction lasers launched the Trimble X12 scanning system, which combines Zoller+Fröhlich (Z+F) 3D laser scanning and imaging hardware technology with Trimble software for perfect data capture and on-site registration. Its unique features include a 0.3 to 365-meter scanning range and a maximum scan speed of 2.2 million points per second. The Trimble X12 scanning system takes high-resolution area scans for additional details on places of interest and captures inaccessible areas even from a safe distance. It scans intricate industrial facilities for modelling and redesigning designs.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/construction-lasers-global-market-report

Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.