About Laser Measure Tape
A laser measuring instrument may be a device that gives default area, period length, volume, length, and indirect mensuration functions which might be utilized in any activity method. laser measuring instruments also can be connected to tablets or smartphones via Bluetooth property, enabling transfer measurements onto pictures. Besides this, laser measuring instruments will illuminate numbers in dark areas with a distinct resolution, which might add no-light or low-light things.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
The global market for the Laser Measure Tape is fragmented by global players owing to the rising demand for precise measuring equipment for the deeper distance and unreachable spots in different applications. Key players are focusing on manufacturing components and parts using a laser measuring instrument machine in less time and effort and with accurate measurements. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Laser Measure Tape market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stanley Black & Decker, Inc. (United States), PCE Instruments (United Kingdom), Robert Bosch Tool Corporation (United States), Leica Camera AG (Germany), KEYENCE Corporation (Japan), DEWALT (United States), SUAOKI (Japan), TACKLIFE (China), Shenzhen Globalebuy CO., LTD. (China), Hilti Corporation (Liechtenstein) and Johnson Level & Tool Mfg. Co., Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Laser Measure Tape market by , Application (Industrial Maintenance, Construction, Home Renovation and Other) and Region.
On the basis of geography, the market of Laser Measure Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Measurement, the sub-segment i.e. Under 100 Feet Distance will boost the Laser Measure Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Laser Measure Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Remote Control and Automation with Machine Learning
Market Growth Drivers:
Increasing Demand for the Laser Measure Tape in Growth in The Global Automotive Industry and Rise in Need for Precise Measuring Equipment and Tools for Evaluation in Semiconductor Industry
Challenges:
Availability of Substitutes in Market
Restraints:
High Cost involved in the Laser Measure Tape Restrains the Market Growth
Opportunities:
Growth in Usage of Laser Measuring Instrument in Health Care and Manufacturing Industries and Rise in Demand for Laser Measuring Instruments in The Construction Industry
Market Leaders and their expansionary development strategies
in April 2023, Bosch and Leica Geosystems announced a strategic partnership to develop and market new construction technologies, potentially including laser measuring devices. Details of specific products are yet to be announced.
In June 2023, Stanley Black & Decker partnered with Hilti to offer Hilti's laser measuring tools through Stanley's distribution channels in select markets. This expands the reach of Hilti's technology and increases Stanley's product portfolio.
Key Target Audience
Laser Measure Tape Manufacturer, Supplier/Distributor, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.