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.

The leading vendors in the market are -

• Bosch
• Fortive
• HEXAGON
• Mitutoyo
• Stanley Black & Decker

The other prominent vendors in the market include FLIR Systems, Hilti, Makita, STABILA, and Trimble.

Segmentation by product and analysis of the distance, angle, and level meters market

• Distance meter
• Angle meter
• Level meter

During 2016, the distance meter segment accounted for the major shares of this market. Distance meters are devices used for accurately measuring the distance of an object from another object without any contact between the two and these devices come with camera lenses and measure the distance between the two objects using laser beams. Additionally, the growth of the flooring market, where distance meters are essential tools, thereby making it the primary factor to the growth of the distance meters market in the coming years.

Geographical segmentation and analysis of the distance, angle, and level meters market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The increasing adoption of distance, angle, and level meters by the construction industry for design, building layout, and alignment is the major reason for the growth of the market in the Americas.

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 distance, angle, and level meters market?
• What are the key market trends impacting the growth of the global distance, angle, and level meters market?
• What are the challenges to market growth?
• Who are the key vendors in the global distance, angle, and level meters market?
• What are the market opportunities and threats faced by the vendors in the global distance, angle, and level meters market?
• What are the 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 distance, angle, and level meters market?

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

This upcoming market research report on the global distance, angle, and level meters market is an essential part of Technavio's hardware and semiconductor industry and offers key insights into the market space for sensors. The report also covers vendors like DeWalt, Leica, Stanley, Delong America, Bosch, Hilti, Makita, Stanley Black & Decker, and Stabila.

The upcoming report on the global distance, angle, and level meters market gathers data and insights after a rigorous qualitative and quantitative research processes by collecting information from various vendors, suppliers, manufacturers, builders, customers, and other stakeholders. The insights from the reports can be useful to the client in understanding the current market scenario and then carry out critical business decisions regarding the market. The report also considers the potential of geographic segments such as the Americas, EMEA, and APAC.

This market research report on the global distance, angle, and level meters market also takes into regard the growth of related market like the global soil moisture sensors and global proximity sensor market, which are anticipated to post an impressive CAGR of close to 15% and 7% during the forecast period. Our analysts have observed that due to the growth of the construction market the demand for distance, angle, and level meters might be on the rise.

The upcoming report on the global distance, angle, and level meters market also helps clients in carrying out critical business decision by providing information on the market size, growth rate, emerging markets, and the opportunities and challenges faced by the industry. The report also covers related sectors in the industry such as semiconductor equipment, human-machine interface, and displays.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.