GITNUX MARKETDATA REPORT 2024

Construction Lasers Industry Statistics

The Construction Lasers Industry is projected to grow steadily over the next few years with a compound annual growth rate of around 6%, driven by increased infrastructure development worldwide.

Highlights: Construction Lasers Industry Statistics

  • The global construction lasers market size was valued at USD 2.8 Billion in 2019.
  • The construction lasers industry is expected to reach USD 3.9 Billion by 2027.
  • The market is expected to grow at a CAGR of 4.6% during 2020-2027.
  • The rotary laser segment dominated the market in 2019.
  • The mining sector segment is predicted to hold the largest share in the market due to extensive utilization of construction lasers.
  • Defensive lasers field to experience fastest growth in construction lasers market.
  • Asia-Pacific region is projected to dominate the construction lasers market due to the rise in construction activities.
  • The line laser level segment is anticipated to exhibit a high growth rate due to its wide application range in the construction industry.
  • Commercial sector is expected to be the fastest-growing segment in the forecast period.
  • The dot laser level segment held a share of 19.4% in the year 2019.
  • The highest revenue generating region in 2019 was Asia-Pacific with a share of 37.2%.
  • Surface lasers are expected to witness significant growth during the forecast period.
  • Key market players include Robert Bosch GmbH, Stanley Black & Decker, Hexagon, Fortive and Trimble.
  • Technological advancements and innovation are the main factors for the large share of the Europe region in the global market.
  • The mining industry is anticipated to provide lucrative opportunities for the construction lasers market.
  • The demand for laser scanner in the construction industry increased by an approximate 20% from 2019 to 2021.

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The Latest Construction Lasers Industry Statistics Explained

The global construction lasers market size was valued at USD 2.8 Billion in 2019.

The statistic stating that the global construction lasers market size was valued at USD 2.8 billion in 2019 signifies the total revenue generated from the sales of construction lasers worldwide during that year. Construction lasers are essential tools used in the construction industry for tasks such as leveling, measuring distances, and ensuring accurate alignment. The USD 2.8 billion value indicates the scale and economic significance of the market, reflecting the demand for construction lasers across various construction projects and industries globally in 2019. This figure serves as a key indicator of the market’s size and potential growth opportunities within the construction equipment sector.

The construction lasers industry is expected to reach USD 3.9 Billion by 2027.

The statistic indicates that the market size of the construction lasers industry is projected to grow and reach a total value of USD 3.9 Billion by the year 2027. This growth forecast suggests an increasing demand for construction lasers, which are used for precise measurements and alignments in construction projects. Factors contributing to this expected growth in the industry could include advancements in construction technology, infrastructure development, and a growing emphasis on accuracy and efficiency in construction processes. The projected market value provides valuable insight for industry stakeholders, investors, and policymakers to anticipate and capitalize on the potential opportunities within the construction lasers market in the coming years.

The market is expected to grow at a CAGR of 4.6% during 2020-2027.

This statistic indicates the compound annual growth rate (CAGR) of the market, which is forecasted to be 4.6% over the period from 2020 to 2027. This means that, on average, the market is expected to increase in size by 4.6% each year over the specified timeframe. The CAGR provides a smooth representation of the growth rate over multiple years, taking into account the compounding effect of growth. In this case, the projection suggests that the market will experience steady growth over the next seven years, with an overall cumulative increase of approximately 32.2% by the end of 2027 compared to the base year of 2020.

The rotary laser segment dominated the market in 2019.

The statistic “The rotary laser segment dominated the market in 2019” indicates that within the market for laser technology, the rotary laser segment experienced the highest level of success, whether in terms of market share, sales volume, revenue generation, or any other relevant factor. This suggests that rotary lasers were the most popular or widely adopted type of laser technology in that particular year, potentially due to their superior performance, features, price point, or other competitive advantages over other types of lasers in the market. This statistic provides valuable insights into the preferences and trends within the laser technology industry during the year 2019.

The mining sector segment is predicted to hold the largest share in the market due to extensive utilization of construction lasers.

The statistic suggests that the mining sector is expected to dominate the market because of the significant use of construction lasers within this industry. This prediction implies that the mining sector’s reliance on construction lasers is substantial and is likely to drive market growth in the future. Construction lasers are commonly used in the mining sector for various purposes such as surveying, leveling, and alignment, indicating a high demand for these tools within the industry. As a result, it is anticipated that the mining sector will lead in market share due to its heavy reliance on construction lasers for efficient and accurate operations.

Defensive lasers field to experience fastest growth in construction lasers market.

The statistic “Defensive lasers field to experience fastest growth in construction lasers market” suggests that within the construction lasers market, the sector focusing on defensive lasers is projected to see the most rapid rate of growth compared to other areas. This likely indicates an increasing demand for defensive laser technologies in construction applications, potentially driven by factors such as a growing emphasis on safety and security measures in the industry. The growth in this specific segment may present opportunities for companies operating in this space to capitalize on the trend and expand their market share within the construction lasers market.

Asia-Pacific region is projected to dominate the construction lasers market due to the rise in construction activities.

The statistic indicates that the Asia-Pacific region is expected to lead the construction lasers market primarily because of the increasing construction projects in the area. This region is experiencing a significant boom in infrastructure development, urbanization, and industrialization, leading to high demand for construction lasers that are used for precise measurements and alignments in construction activities. The rise in construction projects such as residential buildings, commercial complexes, infrastructure projects, and industrial facilities has created a strong market potential for construction lasers in the Asia-Pacific region, making it a dominant player in the global construction lasers market.

The line laser level segment is anticipated to exhibit a high growth rate due to its wide application range in the construction industry.

This statistic suggests that the segment of line laser levels is expected to experience significant rapid growth, primarily attributed to its extensive usage across various applications in the construction industry. Line laser levels are versatile tools that provide precision and accuracy for tasks such as measuring, aligning, and leveling in construction projects. The increasing demand for efficient and accurate solutions in construction activities drives the projected high growth rate of line laser levels, as they offer enhanced capabilities for achieving precise layout and alignment tasks, thereby contributing to improved construction efficiency and quality outcomes.

Commercial sector is expected to be the fastest-growing segment in the forecast period.

This statistic indicates that within the forecast period, the commercial sector is projected to experience the highest rate of growth compared to other segments. The commercial sector refers to businesses, industries, and institutions that are engaged in commerce and economic activities. This trend suggests that there will likely be increased investment, expansion, and demand within the commercial sector, leading to higher revenues and market share. Factors contributing to this growth could include technological advancements, changing consumer preferences, and economic conditions that favor commercial activities. As a result, businesses operating within the commercial sector may have opportunities for significant growth and development in the near future.

The dot laser level segment held a share of 19.4% in the year 2019.

The statistic “The dot laser level segment held a share of 19.4% in the year 2019” indicates that out of the total market for laser levels in 2019, specifically the segment of dot laser levels accounted for 19.4% of sales or market share. This suggests that dot laser levels were a significant and popular choice among consumers or industries utilizing laser levels during that year. The statistic provides insights into the competitiveness and demand for dot laser levels in the overall market, highlighting a potentially successful and competitive product segment within the industry.

The highest revenue generating region in 2019 was Asia-Pacific with a share of 37.2%.

The statistic “The highest revenue generating region in 2019 was Asia-Pacific with a share of 37.2%” indicates that Asia-Pacific contributed the largest portion of total revenue compared to other regions in 2019. This means that a significant amount of the total revenue generated by the company or industry during that year came from countries within the Asia-Pacific region. The 37.2% share suggests that Asia-Pacific had a dominant presence in terms of revenue generation compared to other regions, highlighting its economic importance and potentially representing a lucrative market for businesses looking to expand or invest in that region.

Surface lasers are expected to witness significant growth during the forecast period.

This statistic suggests that the market for surface lasers is projected to experience a considerable increase in demand and usage over the forecast period. This growth is anticipated to be notable and can be attributed to various factors such as advancements in laser technology, increasing applications of surface lasers across industries, and growing awareness about the benefits of using these lasers. The forecast indicates a positive outlook for the surface laser industry, with opportunities for manufacturers, suppliers, and businesses involved in this sector to capitalize on this expected growth trend.

Key market players include Robert Bosch GmbH, Stanley Black & Decker, Hexagon, Fortive and Trimble.

The statistic “Key market players include Robert Bosch GmbH, Stanley Black & Decker, Hexagon, Fortive and Trimble” refers to the prominent companies that are significant players in a particular market. These companies are recognized for their market presence, influence, and competitive power within the industry. Their inclusion as key market players implies that they have a strong market position, innovative products, a large customer base, and potentially a competitive advantage over other companies in the same market. Monitoring the strategies and activities of these key market players can provide valuable insights into industry trends, market dynamics, and potential opportunities for collaboration or competition within the market.

Technological advancements and innovation are the main factors for the large share of the Europe region in the global market.

The statistic stating that technological advancements and innovation are the main factors for the large share of the Europe region in the global market highlights the significant impact that technological progress has had on the economic success of European countries. Europe has been at the forefront of research and development, leading to breakthrough innovations in various sectors such as healthcare, automotive, aerospace, and information technology. These advancements have not only improved productivity and efficiency but have also allowed European companies to stay competitive in the global market by offering cutting-edge products and services. As a result, the region has been able to capture a considerable market share and maintain its position as a key player in the global economy.

The mining industry is anticipated to provide lucrative opportunities for the construction lasers market.

The statement implies that growth and profitability are expected in the construction lasers market due to anticipated opportunities provided by the mining industry. This suggests that increased demand for construction lasers, likely driven by expansion and developments in the mining sector, will create profitable market conditions. Mining operations often require precise measurements and alignments, aspects for which construction lasers are well-suited. The expected lucrative opportunities indicate a positive outlook for companies involved in manufacturing and supplying construction lasers, as they are poised to capitalize on the growth potential presented by the mining industry’s activities.

The demand for laser scanner in the construction industry increased by an approximate 20% from 2019 to 2021.

The statistic indicates that there has been a notable rise in the demand for laser scanners within the construction industry over the two-year period spanning from 2019 to 2021. The approximate 20% increase suggests a significant growth in the adoption and utilization of laser scanners by construction professionals for tasks such as surveying, mapping, and quality control. This upward trend could be indicative of the industry’s increasing reliance on advanced technology and automation to improve efficiency, accuracy, and safety on construction sites. It also highlights the ongoing digital transformation occurring within the construction sector, where innovative tools like laser scanners are becoming essential for enhancing project management and overall operational effectiveness.

Conclusion

The statistics presented above clearly demonstrate the growth and evolution of the construction lasers industry. With increasing technological advancements and the need for precision in construction projects, the demand for construction lasers is expected to continue rising. By staying informed about industry trends and embracing innovation, construction professionals can leverage these statistics to make informed decisions and stay competitive in the market.

References

0. – https://www.www.fortunebusinessinsights.com

1. – https://www.www.prnewswire.com

2. – https://www.www.emergenresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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