Construction Lasers Market Overview:
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. The utilization of laser technology in the construction industry has been trending, particularly among those contractors working on large-scale business ventures & commercial projects. The trend of laser usage is reinforced by the way that it assists conventional manual procedures such as levelling, adjusting, plumbing, and squaring. Furthermore, laser technology offers advantages in areas such as excavation and pipe installation with an assurance of further advancements to come.
Launch of new infrastructure projects are underway globally to cater the demand for growth in population. Residential and commercial projects have increased to fulfill the demand of the growing population. The demand for construction lasers also experiences growth, owing to the formulation of smart cities in many countries. This increase in infrastructure projects drives the growth of the global construction lasers market.
While operating these construction lasers, workers are exposed to laser hazards. Exposure for longer duration is a major safety concern causing skin burns and injuries to the human eye. Furthermore, costs of installation and maintenance are high. These factors are expected to impede the growth of the construction lasers market during the forecast period.
The global construction lasers market is segmented on the basis of product, range, and region. Based on product, the market is fragmented into rotary laser level, line laser level, plumb/dot laser level, and others. In 2017, the rotary laser level segment accounted for $989.0 million of the global construction lasers market, in terms of revenue, and is projected to grow at a CAGR of 5.2% during the forecast period.
Depending on range, the market is classified into 1ft to 100ft, 101ft to 200ft, and 201ft and above. The 201ft and above construction lasers segment is anticipated to grow at a CAGR of 4.6% during the forecast period.
Competition Analysis
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 Messgeräte 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.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging trends and dynamics in the global construction lasers market.
- An in-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2025.
- An extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- A comprehensive analysis of all regions is provided that determines the prevailing opportunities across various geographies.
- The key market players are profiled, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market.
Construction Lasers Market Key Segments:
By Product
- Rotary level laser
- Liner laser level
- Plumb/dot laser
- Others
By Range
- 1ft to 100ft
- 101ft to 200ft
- 201ft and above
By Region
- North America
- U.S.
- Mexico
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- 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)
- Topcon Corporation (Topcon Positioning Systems, Inc.)
Construction Lasers Market Report Highlights
| Aspects | Details |
 By product |
|
 By Range |
|
 By Region |
|
 Key Market Players | Pacific Laser Systems (Fortive Corporation), Hilti Corporation, Robert Bosch GmbH, Kapro Industries Ltd., Johnson Level & Tool Mfg. Co., Inc., STABILA Messgerte Gustav Ullrich GmbH, Stanley Black & Decker, Inc., AdirPro, Trimble Inc. (Spectra Precision), Topcon Corporation (Topcon Positioning Systems, Inc.) |
Analyst Review
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.
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.
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