According to the global construction lasers market report by IMARC Group, 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.
Construction lasers are devices used to project continuous laser beams that stimulate atoms or molecules to emit light at a specific wavelength. Some commonly used construction lasers include plumb or dot laser, rotary level, and liner level. They are leveled to the device’s accuracy to project a solid line at a level point on both vertical and horizontal surfaces. They are used to install drop ceilings, align shelves and cabinets, contour the drainage system, and install chair railings. They help provide immediate information in excavation, aligning fences, checking land elevations, and improving accuracy and quality. As a result, construction lasers are gaining immense traction across the globe.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Construction Lasers Market Trends and Drivers:
The global construction lasers market is primarily driven by the increasing infrastructural projects. Moreover, there has been a rise in the use of construction lasers to reduce human errors and enhance the accuracy of projects. In line with this, the surging product applications in the development of smart cities to construct high-quality, long-lasting buildings are positively influencing market growth. Additionally, the introduction of three-dimensional (3D) construction laser scanners that assists in completing tasks more quickly, delivering immediate information, improving quality control, and reducing reworks on sites has catalyzed market growth.
Furthermore, the increasing demand for construction lasers among civil engineers and contractors to aid in manual procedures, such as leveling, plumbing, and squaring, is another major growth-inducing factor. Other factors, including the implementation of favorable government policies, improvements in the existing infrastructure, and technological advancements, are also anticipated to drive the market further.
|Construction Lasers Market Report Scope|
|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|
Global Construction Lasers Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
AdirPro, Hilti Corporation, Johnson Level & Tool Manufacturing Co. (Hultafors Group), Kapro Industries Ltd., PLS Pacific Laser Systems LLC (Danaher Corporation), Robert Bosch Gmbh, Stabila Messgeräte Gustav Ullrich GmbH, Stanley Black and Decker Inc., Topcon Corporation and Trimble Inc.
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The report has segmented the market on the basis of region, product and range.
Breakup by Product:
- Rotary Level Laser
- Liner Laser Level
- Plumb and Dot Laser
Breakup by Range:
- 201ft and Above
Breakup by Region:
- 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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