Construction Lasers Global Market Report 2024

Description

Construction Lasers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on construction lasers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for construction lasers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The construction lasers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Rotary Level Laser; Linear Laser Level; Plumb/Dot Laser; Other Types
2) By Range: 1 ft. To 100 ft.; 101 ft. To 200 ft.; 201 ft. And Above
3) By Application: Commercial; Residential
Companies Mentioned: Stanley Black & Decker Inc.; Hilti Corporation; Kapro Industries Ltd.; PLS Pacific Laser Systems LLC; Robert Bosch Gmbh
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Construction lasers are a crucial tool in the construction industry, utilizing a continuous laser beam to create a solid line on both horizontal and vertical surfaces. This eliminates the need for manual measurements and ensures precision in construction projects.

The main categories of construction lasers include rotary level lasers, linear laser levels, plumb or dot lasers, and others. Rotary level lasers provide horizontal or vertical level indications and other construction reference points through a continuous 360-degree arc of laser light. These lasers are available in different ranges, such as 1 ft. to 100 ft., 101 ft. to 200 ft., and 201 ft. and above. They find applications in both commercial and residential construction projects.

The construction lasers market research report is one of a series of new reports from The Business Research Company that provides construction lasers market statistics, including construction lasers industry global market size, regional shares, competitors with a construction lasers market share, detailed construction lasers market segments, market trends and opportunities, and any further data you may need to thrive in the construction lasers industry. This construction lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction lasers market size has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The upswing observed in the preceding period can be ascribed to the implementation of smart city initiatives, heightened investments in research and development, the burgeoning expansion of the construction industry in emerging markets, a dedicated emphasis on sustainable and green construction practices, a rising demand for compact and portable laser solutions, and the expanding applications of laser technology in interior construction.

The construction lasers market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated expansion during the forecast period is driven by the seamless integration with building automation systems, the increased prevalence of prefabricated construction methods, the broader implementation of mixed-reality construction techniques, heightened emphasis on safety features, and the application of these technologies in large-scale industrial construction projects. Key trends expected in the forecast period encompass the rising adoption of cutting-edge technologies, the incorporation of laser technology into building information modeling (BIM), advancements in laser measurement technologies, the proliferation of automated and robotic solutions, and a discernible shift towards digital construction workflows.

The growth of the construction laser market is anticipated to be propelled by the rising construction industry. With its focus on creating, maintaining, and repairing infrastructure, the construction sector's expansion drives the demand for construction lasers. These lasers find extensive applications in various construction tasks, including rehabilitation, assembly, and obtaining accurate measurements (rangefinder function). Notably, the Indian Ministry of Statistics and Programme Implementation predicts a substantial growth of 16.8% in the construction sector for the April-June quarter of 2022-2023, a significant increase compared to 2.3% in the previous fiscal year. This upward trajectory in the construction industry is poised to be a key driver for the construction lasers market.

The construction laser market is experiencing growth fueled by the increasing number of smart city projects globally. Smart cities leverage information and communication technology (ICT) to enhance operational efficiency and provide advanced infrastructural facilities. As smart cities evolve with greater connectivity and technological advancements, precise construction methods become imperative. Construction lasers play a vital role in ensuring accurate construction of buildings, roads, and other infrastructure essential for the success of smart city initiatives. For instance, the US federal government's Investment and Jobs Act allocated $500 million to accelerate its smart city initiative in November 2021. Similarly, the Indian government increased its allocation for smart city development from $457 million in FY 2020-2021 to $868 million in FY 21-22. The proliferation of smart city projects worldwide is a significant catalyst driving the construction laser market.

Technological advancements take center stage as a prominent trend in the construction laser market. Major industry players are actively engaged in developing cutting-edge technological solutions to fortify their market positions. An illustrative example is Trimble, a US-based company in the construction lasers market, which launched the Trimble X12 scanning system in August 2022. This system integrates Zoller+Frohlich 3D laser scanning and imaging hardware technology with Trimble software, offering unparalleled data capture and on-site registration capabilities. With a scanning range of 0.3 to 365 meters and a maximum scan speed of 2.2 million points per second, the Trimble X12 scanning system excels in capturing intricate details in industrial facilities for modeling and redesigning designs.

Major companies in the construction laser market are dedicated to introducing innovative technologies such as the Genmitsu L8 laser machine. Launched by SainSmart, a US-based professional open hardware manufacturer, the Genmitsu L8 laser machine is a laser engraving machine designed to redefine possibilities for creators and hobbyists. With features like 20W/40W optical power output, a 40,000 mm/min operating speed, full assembly, a 360° visual angle exhaust acrylic laser shield, and advanced safety features, the L8 laser sets new benchmarks in laser engraving technology.

In a strategic move, Precisional LLC, a US-based precision measurement and software/data solutions provider, acquired four industrial technology businesses, including Spectra Precision Tools, from Trimble in May 2022. This acquisition aims to establish a new platform focusing on accurate measurement and analytical insights to enhance productivity across applications requiring precision and reliability. Spectra Precision Tools, operating in the construction lasers sector, is part of this transformative business move.

Major companies operating in the construction lasers market report are Stanley Black & Decker Inc., Hilti Corporation, Kapro Industries Ltd., PLS Pacific Laser Systems LLC, Robert Bosch Gmbh, Hexagon AB, Trimble Inc., Leica Geosystems AG, Spectra Precision Lasers LLC, Johnson Level & Tool Mfg Co. Inc., Stabila Messgerate Gustav Ullrich GmbH, Fluke Corporation, Pacific Laser Systems LLC, Sokkia Co. Ltd., Dewalt company Ltd., Makita Corporation, Milwaukee Electric Tool Corporation, Laser Alignment Inc., Greenlee Tools LLC, CST/Berger Corporation, Geomax International AG, Topcon Corporation, Laserliner Messtechnik GmbH, Firecore Laser Systems, Nivel System, Laser Technology Inc.

Asia Pacific was the largest region in the construction lasers market in 2023. The regions covered in the construction lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the construction lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The construction of a laser consists of the sale of a pump source, laser medium, optical resonator, and other components. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12580

1. Executive Summary

2. Construction Lasers Market Characteristics

3. Construction Lasers Market Trends And Strategies

4. Construction Lasers Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Construction Lasers Market Size and Growth

5.1. Global Construction Lasers Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Construction Lasers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Construction Lasers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Construction Lasers Market Segmentation

6.1. Global Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Rotary Level Laser
Linear Laser Level
Plumb/Dot Laser
Other Types
6.2. Global Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

1 ft. To 100 ft.

101 ft. To 200 ft.

201 ft. And Above

6.3. Global Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Residential

7. Construction Lasers Market Regional And Country Analysis

7.1. Global Construction Lasers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Construction Lasers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Construction Lasers Market

8.1. Asia-Pacific Construction Lasers Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Construction Lasers Market

9.1. China Construction Lasers Market Overview
9.2. China Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Construction Lasers Market

10.1. India Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Construction Lasers Market

11.1. Japan Construction Lasers Market Overview
11.2. Japan Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Construction Lasers Market

12.1. Australia Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Construction Lasers Market

13.1. Indonesia Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Construction Lasers Market

14.1. South Korea Construction Lasers Market Overview
14.2. South Korea Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Construction Lasers Market

15.1. Western Europe Construction Lasers Market Overview
15.2. Western Europe Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Construction Lasers Market

16.1. UK Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Construction Lasers Market

17.1. Germany Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Construction Lasers Market

18.1. France Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Construction Lasers Market

19.1. Italy Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Construction Lasers Market

20.1. Spain Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Construction Lasers Market

21.1. Eastern Europe Construction Lasers Market Overview
21.2. Eastern Europe Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Construction Lasers Market

22.1. Russia Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Construction Lasers Market

23.1. North America Construction Lasers Market Overview
23.2. North America Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Construction Lasers Market

24.1. USA Construction Lasers Market Overview
24.2. USA Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Construction Lasers Market

25.1. Canada Construction Lasers Market Overview
25.2. Canada Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Construction Lasers Market

26.1. South America Construction Lasers Market Overview
26.2. South America Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Construction Lasers Market

27.1. Brazil Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Construction Lasers Market

28.1. Middle East Construction Lasers Market Overview
28.2. Middle East Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Construction Lasers Market

29.1. Africa Construction Lasers Market Overview
29.2. Africa Construction Lasers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Construction Lasers Market, Segmentation By Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Construction Lasers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Construction Lasers Market Competitive Landscape And Company Profiles

30.1. Construction Lasers Market Competitive Landscape
30.2. Construction Lasers Market Company Profiles
- 30.2.1. Stanley Black & Decker Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Hilti Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Kapro Industries Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. PLS Pacific Laser Systems LLC
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Robert Bosch Gmbh
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Construction Lasers Market Competitive Benchmarking

32. Global Construction Lasers Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Construction Lasers Market

34. Construction Lasers Market Future Outlook and Potential Analysis

34.1 Construction Lasers Market In 2028 - Countries Offering Most New Opportunities
34.2 Construction Lasers Market In 2028 - Segments Offering Most New Opportunities
34.3 Construction Lasers Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer