Global Construction Lasers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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"Global Construction Lasers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global construction lasers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global construction lasers market report has been segmented on the basis of product, range and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Construction lasers are used in a variety of jobs where accurate or level reference is needed. Jobs such as, installing ceiling tiles, installing chair railings in a dining room, installing receptacles for power within a home under construction. Some tasks are hanging pictures installing sewer pipe or handling a site grading plan for a new building. Furthermore, laser technology offers advantages in various areas such as excavation and pipe installation with an assurance of precision.
Rising adoption of laser technology in building and construction activity, frequency of human errors has been reduced at a notable rate. Due to the reduction in errors, automatically radical decrease in catastrophic events caused by construction failure. Hence, for adding accuracy to the infrastructure, demand for construction lasers increasing rapidly, resulting in the expansion of the global construction lasers market. Additionally, increasing dependence of contractors and civil engineers on construction lasers in order to assist the conventional manual procedures such as levelling, squaring, plumbing, and others are impacting positively on growth of the global market. Considerable growth in the construction industry across the globe and rise in urbanization are factors that drive growth in the global construction lasers market. Moreover, increasing urban population demanding for better infrastructure facilities is pushing the construction demand towards growth.
Recent trend shows that, equipment manufacturers are introducing a wide range of construction lasers which are compact in size with highly efficient to be used in different projects. Latest 3D laser scanners can reduce the high costs of operation and reduce the reworks on site. So, construction companies are adopting this technology to reduce risk, speed up task completion, and provide improved quality control. However, safety concerns with regards to skin exposure to lasers and their ill-effects such as skin burns, and possible adverse effects to the naked eye will hamper market growth negatively.
Among regions, Asia Pacific market is expected to dominate the construction lasers market over the forecast period with a significant CAGR. Substantial growth in emerging countries such as China and India owing to government initiatives for construction activities and continued privatization. Growing construction sector and infrastructural investments in countries such as India, ASEAN Countries (such as Malaysia, Indonesia, Vietnam, Singapore) supporting growth for construction lasers market. Additionally, Construction Productivity and Capability Fund (CPCF) announced by the Building and Construction Authority (BCA) and Singapore is investing around US$ 600 Mn to boost the construction sector which is also estimated to drive the market demand.
Global Construction Lasers Market Segmentation:
Segmentation by Product:
- Rotary level laser
- Liner laser level
- Plumb/dot laser
Segmentation by Range
- 1ft to 100ft
- 101ft to 200ft
- 201ft and above
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Topcon Positioning Systems Inc.
- Johnson Level & Tool Mfg. Co. Inc.
- Kapro Industries Ltd.
- Spectra Precision
- STABILA Messgeräte Gustav Ullrich GmbH
- Stanley Black & Decker, Inc.
- Robert Bosch GmbH
- Pacific Laser Systems
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