Globally, the construction sector is witnessing rapid growth due to the increasing number of infrastructure projects and large construction projects for both the commercial and residential sector. A wide variety of construction lasers are available today and have applications in both indoor and outdoor use. Construction lasers or laser levels are increasingly being used in commercial projects which is likely to encourage demand in traditionally manual processes of levelling and adjusting among other measurement related applications. The expansion of construction activities finds its roots primarily in the growth of the global population. Commercial and residential projects to accommodate changing consumer needs and demands are a significant factor fostering the growth of the construction laser market. Emerging economies are of particular note due to the governments of these countries investing heavily in infrastructure. Smart cities are a prudent step forward in the construction industry as they cater to and anticipate the demand for efficient cities, particularly in population-rich regions of the globe. Accuracy is deemed highly important in the construction industry in order to ensure long lasting and high quality of the constructed building; to this end, technological advancements in laser technology are anticipated to increase future demand.
Notably, construction lasers have proven to be highly effective in reducing human error which is increasingly resulting in high quality buildings. The construction laser market does have some setbacks which are likely to challenge market growth. Safety concerns with regards to skin exposure to lasers and their ill-effects such as skin burns, and possible adverse effects to the naked eye, thus requiring use of safety gear. Additionally, some laser levels emit harmful rays which can adversely affect health in the long run. However not all types of construction lasers are harmful, and ongoing research & development towards the advancement of the construction industry and associated safety concerns are likely to offer solutions which mitigate these challenges in the future.
The report offers a comprehensive view of the construction laser market during the forecast period. Significant macro and micro economic factors which are expected to influence the market have been recorded and analyzed in the report along with the current market status and various construction industry trends. Recent developments of the market in tandem with projections for the market are a part of the report. It also includes a thorough discussion on different laser products used in construction such as rotary lasers, plum/dot lasers, and rotary lasers. Construction lasers are used in residential and commercial sectors and their applications for the same have been analyzed accordingly in the report. Global analysis of the market covers North America, Europe, Asia Pacific and the rest of the world.
Topcon Positioning Systems Inc., QualComm, HEXAGON, Johnson Level & Tool Mfg. Co. Inc., Kapro Industries Ltd., Spectra Precision, STABILA Messgeräte Gustav Ullrich GmbH, AdirPro, Stanley Black & Decker, Inc., Robert Bosch GmbH, DotProduct, and Pacific Laser Systems
Market Research Future applies proprietary methodologies to produce an accurate portrayal of the construction laser market. Primary and secondary methods are employed to get a comprehensive view of the market. One on one interviews with key decision makers of the construction laser market is an important primary method, while extensive procurement of relevant data from company reports, SEC filings, paid databases and other public sources are some of the secondary research sources used to understand the market. Raw information is processed and magnified to identify exact factors which influence the market. Top-down and bottom-up approaches offer multi-level verification of research findings. The final report consolidates findings and all pertinent market factors along with intelligent insights to assist in impactful decision making.
|Market Size||2027: Significant Valu|
|CAGR||Substantial CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Range|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Topcon Positioning Systems Inc., QualComm, HEXAGON, Johnson Level & Tool Mfg. Co. Inc., Kapro Industries Ltd., Spectra Precision, STABILA Messgeräte Gustav Ullrich GmbH, AdirPro, Stanley Black & Decker, Inc., Robert Bosch GmbH, DotProduct, and Pacific Laser Systems|
|Key Market Opportunities||
|Key Market Drivers||Growth of the global population|
Frequently Asked Questions (FAQ) :
Increasing adoption of laser technology for advanced construction designs in rising numbers of infrastructure & large construction projects in commercial as well as residential sector, are major tailwinds pushing the growth of the global construction lasers market.
Concerns regarding the adverse effects of long-term exposure to lasers and complexities related to calibration & maintenance of the equipment are the major growth impeders for the global construction lasers market.
North America holds the largest share in the global construction lasers market, followed by Europe and the Asia Pacific, respectively.
Topcon Positioning Systems Inc., Pacific Laser Systems, QualComm, DotProduct, HEXAGON, Robert Bosch GmbH, Johnson Level & Tool Mfg. Co. Inc., Stanley Black & Decker, Inc., STABILA Messgeräte Gustav Ullrich GmbH, Kapro Industries Ltd., AdirPro, and Spectra Precision, are some of the top players operating in the global construction lasers market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global construction lasers market adopt to gain a larger competitive advantage.