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Construction Lasers Market Analysis, Industry Size, Share, Key Players And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Construction Lasers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $42.81 billion In 2028 At A CAGR Of 17.0% :

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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Construction Lasers Market Major 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 Driver - 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.

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Prominent Trend - 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.

Construction Lasers 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.

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Largest And Fastest Growing Region In The Market
Asia Pacific was the largest region in the construction lasers market in 2023. The regions covered in the construction lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Lasers Market Report Structure
3. Construction Lasers Market Trends And Strategies
4. Construction Lasers Market - Macro Economic Scenario
5. Construction Lasers Market Size And Growth
…..
27. Construction Lasers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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