Global Distance, Angle, and Level Meters Market 2017-2021

Overview of the global distance, angle, and level meters market

Market research analysts at Technavio predict that the global distance, angle, and level meters market will grow steadily at a CAGR of close to 2% by 2021. This market research analysis identifies the growing construction market as one of the primary growth factors for this market. The rapid urbanization and the increase in government spending to improve public infrastructure will drive the demand for these meters as they are widely used in the construction sector because of their ability to provide an accurate measurement. Developing countries of APAC and South and Central America are expected to contribute significantly to the global construction market during the forecast period. This is attributed to expectations that Japan will spend substantially on the 2020 Olympics. Therefore, the increase in spending in the construction market will have a positive impact on the global distance, angle, and level meters market.

The increasing digitization is one of the latest trends that will gain traction in the distance, angle, and level meters market in the coming years. Organizations are focusing more on strategic competitiveness with pricing pressure leading to intense competition. Digital marketing helps organizations improve decision making and market response as compared to their competitors. Additionally, the availability of software apps that can be connected to the distance, angle, and level meters, end users can digitally record measurements directly in computing devices.

Competitive landscape and key vendors

The global distance, angle, and level meters market is a consolidated but highly competitive market with a moderate number of vendors that manufacture these meters. Vendors in the distance meters market are looking to position their products based on unique selling propositions such as range, integration with smartphones, and accuracy. Furthermore, many vendors are coming up with mobile apps that can be connected to distance, angle, and level meters, and floor plans can be created on the mobile app.