Construction Lasers Market

Construction Lasers Market Outlook (2022-2032)

The global construction lasers market stands at US$ 2.67 billion in 2022 and is forecasted to progress at a CAGR of 4.7% to reach US$ 4.22 billion by the end of 2032. Over the 2017-2021 historical period, the market registered a CAGR of 2.1%, according to Fact.MR, a market research and competitive intelligence provider.

Leaders in the engineering and construction industries across the world are ready to take full advantage of shifting market dynamics for the good of their customers, employees, and organizations. Modern construction lasers are required by E&C enterprises for constant information access to navigate the quickly shifting industrial scenario. With this as a base, E&C companies are combining systems for construction management with analytics layers to enable dynamic scheduling and support short-term data-driven decisions. Construction lasers are highly crucial to the industry in this regard.

In addition, modern construction businesses have advanced significantly since the archaic surveying and alignment techniques of earlier times. Construction lasers minimize human error in processes in addition to giving a very accurate measurement of contents. Construction lasers are also anticipated to increase their market share in the construction equipment sector due to the rising trend of automation, creating more opportunities for participants in the market. Growing use of construction lasers for automatic leveling in the construction industry will drive construction lasers demand.

Europe and East Asia are anticipated to witness comparatively high demand for construction lasers owing to a high number of big construction projects as well as the existence of well-known brands. Innovation in low-cost advanced technology construction lasers will positively impact the construction lasers market growth over the long term.

Report Attributes	Details
Construction Lasers Market Size (2021A)	US$ 2.54 Billion
Estimated Market Value (2022E)	US$ 2.67 Billion
Forecasted Market Value (2032F)	US$ 4.22 Billion
Global Market Growth Rate (2022-2032)	4.7% CAGR
East Asia Market Share (2022)	~26.2%
East Asia Market Value (2022)	US$ 698.5 million
Europe Market Share (2022)	~23.2%
Europe Market Value (2022)	US$ 619.5 million
United States Market Value (2022)	US$ 455.7 million
Market Share of Top 3 Countries	~38.8%
Key Companies Profiled	AdirPro DEWALT Hilti Corporation Johnson Kapro Industries Leica Geosystems (Part of Hexagon) Milwaukee Tool Pacific Laser Systems (Fluke Corporation) Paragon Instruments Robert Bosch Spectra Precision STABILA Messgerate Gustav Ullrich Stanley Black & Decker Topcon Positioning Systems Trimble

Why is Use of Construction Lasers Increasing Steadily?

“Ever-Evolving Construction Industry the Chief Architect Driving Demand Growth of Construction Lasers”

With the overall growth of the construction industry across the world and the development of smart cities, the use of construction equipment is growing rapidly. As a result of this, equipment is continuing to evolve as well.

Based on this Fact.MR study, manufacturers of construction equipment are focused on the use of information technologies (IT) for layout planning. This includes technologies such as building information modeling (BIM), artificial intelligence, virtual reality, 4D simulations, and more.

Additionally, this kind of cutting-edge technology will support layout planning optimization across multiple construction phases, enabling precise and error-free engineering on projects such as railways, commercial and residential structures, and airports.

The global market for construction lasers has increased significantly over the historical period as a result of the expansion of the construction industry, technological developments, and favorable regulatory frameworks.

“Intensifying Demand from Land Surveying to Act as Market Booster for Construction Lasers”

There is a larger need for building and surveying equipment owing to population growth that has led to high demand for land and land surveying. Additionally, in the mining, oil, and power & energy sectors, exploration of unexplored terrain is inevitable. Due to this, there is high demand for land surveying equipment globally.

Modern instruments such as 3D laser scanners, GNSS lasers, level systems, and UAVs are used for land surveys. With the use of construction lasers and drones, land surveyors can now more easily collect data that is automatically shown on their screens and assess measures and accuracy.

Since land survey equipment can accurately measure undiscovered territory, the market for land survey equipment has grown substantially. The market for land survey equipment systems is presently valued at US$ 7.8 billion, and by the end of 2032, it is expected to expand at a CAGR of 4.6% to reach US$ 12.2 billion.

“Digital Future in Real Estate and, in Relation, Construction Lasers Industry, Will Depend Upon Intersection of Policy and the Economy”

The rate of development in the technology sector is extraordinarily quick when compared to the scale often seen in the physical environment. Construction lasers companies are becoming quite well-known very quickly (and sometimes disappear with even greater rapidity).

The development of technology has had a significant impact on the real estate and construction industries, affecting everything from their location to their design and construction to how they are utilized, maintained, and transacted. It is anticipated that the market will continue to be significantly impacted by emerging and evolving technologies.

Technologies that make it easier to conduct business are major enablers and have facilitated a huge transformation in the social, political, and economic scene. One method for enacting change has proven to be through digital services.

Market share analysis of construction lasers based on range and region. Under the range segment, the 50 meters to 100 meters sub-segment dominates with 22.6% market share in 2022.

Country-wise Insights

Will Increasing Construction and Real Estate Business in China Drive Construction Laser Demand?

Due to China's increasing use of technology and BIM for construction, engineering, and architecture activities, the Asia Pacific region accounts for the largest market for construction laser equipment.

Increased leasing and rental services for construction survey equipment is another trend that is having an effect on the industry. Construction experts in the country will have new chances as this technology develops to use intelligence on projects, enabling safer and more effective projects.

Thus, owing to the above factors, the China construction lasers market is currently estimated at US$ 447 million and is expected to grow 1.7X by 2032.

Why is the U.S. Construction Lasers Market Expected to Be Highly Attractive?

In terms of spending, the U.S. construction sector is among the biggest in the world. The construction sector as a whole is growing, with the United States experiencing one of the fastest rates of expansion. In the United States, the construction industry is valued at US$ 1.9 trillion and contributed 8.5% to the country’s GDP in 2021. Additionally, because of its increasing trend towards Construction 4.0, construction companies are investing heavily in advanced and efficient equipment.

Further, development of the United States construction economy will necessitate an increase in productivity and expansion. Due to the rising demand for cutting-edge construction and surveying equipment, construction laser production will continue to rise. These factors will drive the growth of the United States market in the long run and create an absolute dollar opportunity of US$ 301.2 million over the 2022-2032 period.

Category-wise Insights

How Will Line Level Construction Lasers Be Scalable Solutions for Diverse Uses?

The line laser level is the kind of laser level that is most frequently seen on construction sites. A line laser projects a 180-degree vertical or horizontal beam onto a flat surface. Wherever precise vertical and horizontal measurements are needed, such as in the construction and cabinetry industries, laser line levels are used.

Additionally, line laser levels are mostly used for inside work such as mounting, installing, and other jobs that call for plumbing and levelling. Some line lasers, also referred to as cross-line laser levels, can simultaneously emit horizontal and vertical lines to produce a beam that resembles a cross. Similar to what rotating laser levels can achieve, other line laser versions can project a line at 360 degrees around the space.

The use of line-level lasers is predicted to reach a market valuation of US$ 863.7 million in 2022.

What is the Scenario for Self-Leveling and Automatic-Leveling Construction Lasers?

When it comes to accuracy, there is no better option than a self-leveling laser level. The level setup of a construction laser is maintained by a self-leveling mechanism or sensor, frequently in the shape of a pendulum.

When moving the laser level around a busy outdoor job site regularly, its self-leveling capability is extremely helpful. A self-leveling laser is drawing considerable interest in the construction sector due to advantages such as time savings, accuracy, and dependability, and will be a key factor in the market's expansion. Manufacturers simply need to get past the problem that it's typically more expensive than a manual laser level.

Thus, owing to the aforementioned factors, the market for self-leveling and automatic-leveling lasers is expected to grow 2.1X during the assessment period.

Competitive Landscape

Prominent construction laser manufacturers are AdirPro, DEWALT, Hilti Corporation, Johnson, Kapro Industries, Leica Geosystems (Part of Hexagon), Milwaukee Tool, Pacific Laser Systems (Fluke Corporation), Paragon Instruments, Robert Bosch, Spectra Precision, STABILA Messgerate Gustav Ullrich, Stanley Black & Decker, Topcon Positioning Systems, and Trimble.

Over time, prominent manufacturers involved in construction laser production have focused on the integration of smart technology in their products. Along with this, partnerships with engineering and construction industry professionals will help businesses reduce their dependence on mid-level market players.

Furthermore, key construction lasers market players in the global land surveying equipment market are focusing on the regional expansion of their business area. This will help increase the sales and profit margins of construction laser manufacturers.

• In Feb 2022, The U.S. Army gave Trimble a contract to supply grade control and laser levelling devices for its heavy construction machinery. The deal has an estimated value of US$ 1.7 million.
• In Nov 2022, According to Topcon, the new rotating laser RL-HV2 will replace the present RL-SV series and come with new features.

Fact.MR has provided detailed information about the price points of key manufacturers of construction lasers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Construction Lasers Industry Research

• By Type of Laser :

  • Spot/Plumb/Dot Lasers
  • Line Level Lasers
    • Single Beam Laser
    • Multi-Beam Lasers
  • Rotary Level Lasers
    • Fixed Rotation Speed
    • Variable Rotation Speed
  • Combination Lasers (Emit both lines and spots)
  • Others (Pipe Lasers, Grade Lasers Etc.)

• By Operation :

  • Manual-Leveling Lasers
  • Self-Leveling and Automatic-Leveling Lasers

• By Range :

  • Up to 25 Meters
  • 25 Meters to 50 Meters
  • 50 Meters to 100 Meters
  • 100 Meters to 150 Meters
  • 150 Meters to 200 Meters
  • Above 200 Meters

• By Application :

  • Indoor
    • Distance Measuring
    • Floor Leveling
    • Height Measuring
    • Aligning
  • Outdoor
    • Plumbing
    • Surveying
    • Elevation Measurements
    • Site Layout

(*Provided only Current and Future Market Scenario and Percentage of Demand Analysis)

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA