Global Construction Laser Market 2017-2021

Global Construction Laser Market 2017-2021

About Construction Laser

Construction lasers can be defined as a basket of several different laser tools used in the construction industry. These tools include 3D laser scanners, laser levels, laser distance meters (LDMs), rotary laser levels, line laser levels, plumb lasers, pipe lasers, laser detectors, and other accessories. They are classified into measuring and layout tools and surveying equipment segments.

Technavio’s analysts forecast the global construction laser market to grow at a CAGR of 4.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global construction laser market for 2017-2021. To calculate the market size, the report considers the revenue generated from new sales and replacement markets.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Construction Laser Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

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

Other prominent vendors

• 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
• Zoller + Fröhlich

Market driver

• Rising popularity of laser scanning
• For a full, detailed list, view our report

Market challenge

• High capital investment
• For a full, detailed list, view our report

Market trend

• Improving visibility of lasers
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Press Release

Technavio Announces the Publication of its Research Report – Global Construction Laser Market 2017-2021

Technavio recognizes the following companies as the key players in the global construction laser market: Fortive, HEXAGON, Robert Bosch, Stanley Black & Decker, and Trimble.

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.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Improving visibility of lasers. The human eyes are extremely sensitive to “visible light” that belongs to a small electromagnetic region. The visibility of lasers is ordinarily determined by their wavelength and power output. The wavelength of visible light is within a range of 400 nm-700 nm with color ranging from violet to red. Green lasers with a visibility range up to 100 ft offer improved visibility in long-range interior and exterior applications when related to conventional red lasers. When a construction job requires a laser level, the more visibility a product provides, the easier to do the job as it reduces the setup time. Hence, several vendors are introducing green laser levels to improve visibility and range of laser levels.”

According to the report, one of the major drivers for this market is Rising popularity of laser scanning. Laser scanning, also referred as high-definition surveying (HDS), 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 like a camera taking a 360-degree photo but with an accurate position for every pixel. This detailed 3D representation of the building in construction projects is usually called a point cloud. Originally applied for maintaining and constructing industrial plant facilities, laser scanning has since been utilized for several other uses, incorporating building construction and BIM.

Further, the report states that one of the major factors hindering the growth of this market is High capital investment. One of the major challenges in the market is the high cost of implementation of 3D devices and applications. Despite having several advantages such as the ability to ensure easy and quick 3D images of a physical object, 3D scanning faces several challenges in its adoption due to its implementation cost. The price of 3D includes the cost of the scanner, licensing software, system design and customization, implementation, training and maintenance services, and hardware upgradations. If end-users deploy a cheaper 3D scanner, it will take much longer to produce accurate results. Hence, using a high-quality 3D scanner is a necessity for end-users. This affects the growth of the market, especially among price-conscious companies in APAC.

Companies Mentioned

Fortive, HEXAGON, Robert Bosch, Stanley Black & Decker, and Trimble.

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.