According to the latest report by IMARC Group, title “Construction Lasers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global construction lasers market size reached 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 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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Construction Lasers 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.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- Rotary Level Laser
- Liner Laser Level
- Plumb and Dot Laser
Breakup by Range:
- 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
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List of Key Companies Covered in this Market Report:
The major players in the market are 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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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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