Global Construction Lasers Market Overview:
The global construction laser market is expected to grow at a significant rate during the forecast period. This is owing to the growing demand for accurate & efficient leveling in construction infrastructure activities such as the installation of walls & ceilings and high demand for attractive interior designing from commercial and residential construction building projects.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand for Accuracy in Measurements for Interior Designs Propelling the Demand for Construction Leveling Systems and Thereby Driving the Construction Lasers Market
Market Growth Drivers:
Growth in Demand From Construction Infrastructure Activities such as Installation of Walls & Ceilings is Propelling the Demand for Construction Lasers and Increasing Demand for Rotary Lasers Owing to Its Growing Application in Interior Construction for Effective Designed Construction
Challenges:
High Cost of Laser Systems
Restraints:
High Installation and Maintenance Costs
Opportunities:
Increasing Number of Smart City Projects Across Emerging Economies such as India will Create Huge Opportunities for Market Vendors During the Forecast Period
Competitive Landscape:
The market for construction laser is moderately consolidated with the presence of fewer than 50 players across the world. The vendors in this market are highly focusing on developing innovative and new products in order to remain competitive in the global market place.
Some of the key players profiled in the report are AdirPro (United States), GeoMax AG (Switzerland), Johnson Level & Tool Mfg. Co. Inc. (United States), Kapro Industries Ltd. (Israel), Pacific Laser Systems (United States), Robert Bosch GmbH (Germany), Spectra Precision (United States), STABILA Messgeräte Gustav Ullrich GmbH (Germany), Stanley Black & Decker, Inc. (United States), Topcon (United States) and Laser Tools Co. (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Construction Lasers market by 2028. Considering Market by Technology, the sub-segment i.e. Manual will boost the Construction Lasers market. Considering Market by End Use Industries, the sub-segment i.e. Oil & Gas will boost the Construction Lasers market. Considering Market by Range, the sub-segment i.e. 0-100 ft will boost the Construction Lasers market.
Latest Market Insights:
In April 2018, Hultafors Group of Goteborg, Sweden announced that it has completed the acquisition of Johnson Level and Tool Mfg., Co., Inc. of Mequon, WI.
In January 2019, Pacific Laser Systems launched a rugged new laser level platform including 11 new point, line, and rotary laser levels with improved durability, accuracy, and performance.
What Can be Explored with the Construction Lasers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Construction Lasers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Construction Lasers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Construction Lasers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Construction Lasers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Construction Laser Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material & Component Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.