Global Construction Laser Market 2017-2021

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Overview of the global construction laser market

Research analysis on the global construction laser market identifies that the increasing popularity of laser scanning will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of around 5% by 2021. Laser scanning is a method of reality capture or high-accuracy mapping that employs laser beams to quickly capture the complete detail of the whole building in a construction project Originally used for maintaining and constructing industrial plant facilities, laser scanning has been widely utilized for several other uses such as implementation in building construction projects and BIM processes. The utilization of laser scanning throughout the construction project will yield a new facility with a built documentation from all the major milestones in the project, producing a record of what is above the ceilings, behind the walls, and under the floor slabs for owners to utilize throughout the lifecycle of the building. Moreover, the advantages of laser scanning do not stop at preconstruction coordination as it allows scanning progressively during construction to compare with drawings and designed models providing archival records of the buildings.

The miniaturization of sensors is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The ZX laser sensor from Omron, one of the leading vendors in the sensor industry, works on 12-24 volts of direct current (VDC) and has two digital displays. The sensor with plug-and-play feature is designed for a range of maximum 2,000 mm sensing distance. It is equipped with a smart monitor software, which enables the sensor to work directly with a notebook or PC. It is also expected that the future of the laser distance meters will be driven by such plug-and-play sensor modules that can be integrated with smartphones and tablets using a software app.

Competitive landscape and key vendors  

The construction laser market consists of well-diversified international, regional, and local vendors. These regional and local vendors provide cost-effective equipment with limited operational capabilities and at a much cheaper price than those of the global players. Since the international players are expanding their footprint, the local vendors are finding it difficult to compete with the especially based on factors such as quality, features, and aftersales services. The competitive environment of this market is likely to intensify with the increase in product extensions and technological innovations.

The leading vendors in the market are -

• Fortive
• HEXAGON
• Robert Bosch
• Stanley Black & Decker
• Trimble

The other prominent vendors in the market are Alltrade Tools, Amberg, DotProduct, FARO, FLIR Systems, GeoDigital, GeoSLAM, Hilti, Makita, mantis vision, Maptek, Renishaw, NCTech, RIDGID, Spatial Integrated Systems, Stabila, Surphaser, Teledyne Optech, Topcon, and Zoller + Fröhlich

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Segmentation by product and analysis of the construction laser market

• Measuring and layout tools
• Surveying equipment

During 2016, the measuring and layout tools segment accounted for the major shares of the construction laser market. Factors such as the increase in construction and infrastructure activities across advanced economies in the globe and the rising awareness about the laser products, will contribute to the growth of this industry segment in the coming years. Also, the utilization of these tools to measure distances and the increased demand from professionals such as architects, construction supervisors, building contractors, and real estate agents, will also fuel the growth of this segment in the global market.

Geographical segmentation and analysis of the construction laser market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the construction laser market throughout the forecast period. The increasing adoption of construction laser equipment for design, building layout, and alignment is the major reason for market’s growth in the Americas.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global construction laser market?
• What are the key market trends impacting the growth of the global construction laser market?
• What are the challenges to market growth?
• Who are the key vendors in the global construction laser market?
• What are the market opportunities and threats faced by the vendors in the global construction laser market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global construction laser market?

Technavio also offers customization on reports based on specific client requirement.

The ability of laser technology to offer significantly high accuracy, flexibility, and efficiency is a major factor influencing the growth of the construction laser market. This upcoming report is an essential part of the tools and components industry and provides an extensive analysis of fast-growing markets like engineering tools. Also, to help clients achieve a competitive edge over their competitors, Technavio also offers knowledge on various parameters including the shifting customer preferences, market drivers, and challenges faced by the vendors in the heavy industry.

Technavio’s market research experts conduct a triangulated approach of primary and secondary research methods and carry out an in-depth analysis of multiple factors, including advancements in technology and the demand-supply shifts in various markets globally to accurately forecast the heavy industry’s growth possibilities. To assist clients formulate effective strategies for growth, our upcoming market research report on the global construction laser market for the period of 2017 to 2021 offers market insights from the statistics assembled from reliable market informants such as manufacturers, channel partners, decision makers, and regulatory bodies. Technavio also offers customized reports based on clients’ specifications.

This upcoming industry research report based on the global construction laser market also considers the growth of related markets such as grinding machinery, which is expected to grow at a CAGR of close to 4% by 2021. The upcoming industry research report on the global construction laser market also identifies the key drivers, market trends, and the hurdles currently experienced by the heavy industry and also presents insights into industries like unit operations.