Market Overview 2022-2027:
The latest research study “Construction Lasers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global construction lasers market reached a value of US$ 2.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.1 Billion by 2027, exhibiting a CAGR of 4.70% during 2022-2027.
Industry Definition and Application:
Construction lasers are laser beams that facilitate molecules or atoms to emit light at a specific wavelength. They are used at construction sites to accurately measure the length, elevation, angle, and alignment of floors, walls, and ceilings at a level point in horizontal and vertical areas. Some commonly used construction lasers are manual, rotary, line, self-leveling, red, green, pipe, combination laser level, plumb, or dot lasers. They comprise cavity reflection, an output coupler, a pump, a gain medium, and high-reflecting mirrors. They help enhance quality, and accuracy, align cabinets, shelves, and fences, install chair railings, and contour drainage systems. As a result, construction lasers are widely used in construction and commercial sectors across the globe.
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Market Trends:
The market is primarily driven by the expansion of the construction industry across the globe. Construction lasers are widely utilized to reduce errors, improve accuracy, and develop high-quality buildings. Moreover, continuous technological advancements, including the launch of three-dimensional (3D) construction laser scanners that provide immediate information, minimize the reworks on sites, enhance quality control, and speed up task completion, represent another major growth-inducing factor.
Besides this, the rising product utilization by civil engineers and contractors for minimizing manual procedures such as leveling, plumbing, and squaring is providing a thrust to the market growth. Along with this, the implementation of several government initiatives to encourage infrastructure development, especially in developing countries, the rapid development of smart cities, and the renovation of existing buildings are some of the other factors creating a positive market outlook across the globe.
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| Construction Lasers Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 2.33 Billion |
| Market forecast in 2027 | US$ 3.1 Billion |
| Growth Rate | CAGR of 4.70% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product, Range and Region |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- Rotary Level Laser
- Liner Laser Level
- Plumb and Dot Laser
- Others
Breakup by Range:
- 1-100ft
- 101-200ft
- 201ft and Above
Breakup by Geography:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- AdirPro
- Hilti Corporation
- Robert Bosch Gmbh
- Stabila Messgeräte Gustav Ullrich GmbH
- Stanley Black and Decker Inc.
- Johnson Level & Tool Manufacturing Co. (Hultafors Group)
- Kapro Industries Ltd.
- PLS Pacific Laser Systems LLC (Danaher Corporation)
- Topcon Corporation
- Trimble Inc.
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