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Construction Laser Market Size

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

Construction Laser Market Size

Construction Laser Market size was valued at over USD 2.5 billion in 2022 and is anticipated to grow at a CAGR of over 4% between 2023 and 2032. The increasing global demand for infrastructure development, driven by population growth and the launch of new projects, has led to a rise in residential and commercial construction ventures. Owing to this factor, the demand for construction lasers has also increased, particularly with the development of smart cities in various countries, which is increasing demand for construction equipment. However, the use of construction lasers presents safety concerns for workers as prolonged exposure to laser beams can cause skin burns and eye injuries. Additionally, the high cost associated with the installation and maintenance of construction lasers will pose challenges to market growth during the forecast period.

 

A construction laser, also known as a laser level or laser spirit level, is a precision instrument used in the construction industry to accurately level and measure various aspects of construction. It uses a laser to create a beam of light or use a point on a surface or surface, providing accurate and consistent measurements for tasks such as installation, assembly, and high order.

 

In the current scenario, the construction laser market is experiencing growth, primarily due to the surge in infrastructure projects globally. Construction lasers have wide use in the construction of durable & high-quality structures, improving accuracy and minimizing human errors. They are also witnessing an increase in adoption among contractors and civil engineers to streamline manual procedures, such as plumbing, squaring, and leveling, which will have positive impacts on market growth. Furthermore, infrastructure enhancements and government initiatives to promote infrastructure development will add to the optimistic industry outlook.

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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