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Construction Laser Market Analysis

  • Report ID: GMI5930
  • Published Date: Jun 2023
  • Report Format: PDF

Construction Laser Market Analysis

Based on product, the construction laser market is segmented rotary level laser, line laser levels, plumb/dot laser. The rotary level laser segment held a market share of over 25% in 2022 and is anticipated to witness significant growth during forecast period. The shipment of rotary level laser were over 5 million in 2022. The demand for rotary level lasers is driven by the growth in infrastructure development projects globally. The government & private sectors have invested in highways, railroads, housing, and other infrastructure, creating business opportunities for construction lasers. The construction industry is constantly evolving, using new technologies and practices to increase efficiency & quality. The demand for rotary-level lasers is expected to increase due to their high use by engineers for modern design techniques.

 

Based on operation, the market is divided into manual, self-leveling, and automatic-leveling lasers. The self-leveling and automatic-leveling lasers segment held over USD 1.5 billion revenue in 2022 and is anticipated to grow at a CAGR of over 4.5% from 2023 - 2032. The self-leveling and automatic-leveling lasers segment is driven by the need for time & labor cost savings, enhanced accuracy, ease of use, versatility, increased efficiency, safety considerations, integration with digital technology, and the construction industry growth. Self-leveling and automatic-leveling lasers are tools that can be employed in diverse applications such as leveling, excavation, concreting, and interior & exterior leveling. They are often used for repairing walls, installing ceilings, preparing formwork for concrete, and leveling floors. The self-leveling and automatic-leveling features of lasers increase safety by reducing human errors during grading operations. Lasers constantly monitor and adjust their levels, reducing the possibility of miscalculation or inaccurate measurement, improving job site safety and reducing errors that cause rework or delays.
 

Global Construction Laser Volume Market Share, by Operation, 2022

Asia Pacific dominated the global construction laser market with over 35% revenue share and over 8 million units in 2022. The Asia Pacific region is undergoing exponential growth as more individuals are migrating to cities and towns. This trend is driving real-estate development including residential, commercial, transportation, and smart city development. The need for precision & level measurement in these tasks will increase the laser demand. Furthermore, governments in the Asia Pacific region are investing heavily in infrastructure to support economic growth and improve living standards.

 

 

China Construction Laser Market Volume, 2021 – 2032, (Million Units)

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for construction laser was valued at over USD 2.5 billion in 2022 and will grow at a CAGR of over 4% between 2023 and 2032, backed by the increasing global demand for infrastructure development, driven by population growth and the launch of new residential and commercial construction projects.

The rotary level laser segment held a market share of over 25% in 2022 and will witness significant growth through 2032. The product demand is driven by the inflowing investments by the government & private sectors for construction of highways, railroads, housing, and other infrastructure.

Asia Pacific dominated the global construction laser industry with over 35% revenue share in 2022, owing to the rapid urbanization which is pushing real-estate developments including residential, commercial, transportation, and smart city construction.

AdirPro, AGATEC, Hilti Corporation, Johnson Level & Tool Mfg. Co., Inc., Kapro Industries Ltd., Leica Geosystems, Milwaukee Tool, STABILA Messgeräte Gustav Ullrich GmbH, Stanley Black & Decker, Inc., and Topcon Corporation among others.

Construction Laser Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 552
  • Countries covered: 18
  • Pages: 250
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