Global Laser Distance Meter Market 2017-2021
About Laser Distance Meter
Laser distance meters are highly efficient, faster, and an accurate mode of distance measurement when compared to measuring tape. The laser distance meters were first introduced in Paris in 1993 by Leica Geosystems, the company which was later acquired by Hexagon in 2005. The first laser distance meter was heavy, weighing around 1 kg, with a tiny display. The laser distance meters were initially used by end-users that had measurement applications in inaccessible areas and hazardous or dangerous locations. Over the 25 years, the laser distance meters have become smaller, lightweight handheld devices, with better accuracy, longer lasting batteries, better displays that show multiple measurements, and a certified rugged outer shell. Technavio’s analysts forecast the global laser distance meter market to grow at a CAGR of 1.59% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global laser distance meter market for 2017-2021. To calculate the market size, the report considers the new unit shipments and sales volume. The report excludes retrofit, replacement, spares, aftermarket accessories, and services.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laser Distance Meter Market 2017-2021
Technavio recognizes the following companies as the key players in the global laser distance meter market: Robert Bosch Tool, Fluke, Flir Systems, Leica Geosystems, Hilti, Makita, Stabila, Stanley Black & Decker, and Trimble
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing digitization. With the increasing customer demand and pricing pressure leading to intense competition, organizations are focusing more on their strategic competitiveness. This helps enterprises to develop new competitive strategies and to decide and develop their unique selling proposition. With the integration of these laser digital meters with the software apps in smartphones and tablets, the vendors are able to analyze the consumer requirement at the macro level. Such digitally advanced data loggers with software also generate huge data for the vendors to run statistical analytics to identify and retain consumers. Digital marketing helps organizations improve decision-making and market response as compared with their competitors. Therefore, with the availability of software apps, along with the laser distance meter, end-users are able to digitally record the measurements directly in the system.”
According to the report, one of the major drivers for this market is Demand for laser distance meter for interior designing. The interior designing sector mainly includes flooring and wall covering. The flooring and wall covering stage is usually carried out after the completion of construction stage. Though the end-users heavily depend on traditional measuring instruments, the commercial and residential construction projects promote the sale of laser distance meters. The laser distance meters are used to measure the square feet of a target area and calculate the materials needed. Materials range from curtains, wood, tiles, carpets, insulations, granite, wallpaper, or paint. Laser distance meters are also used to calculate the measurements of glass required for windows and doors. They can also be used to plan and manage the furniture allocation.
Further, the report states that one of the major factors hindering the growth of this market is Barriers that restrict use of laser distance meters. Laser distance meters are limited by range, and their prices go up as the range of the meters increases. In addition, laser meters are difficult to use in bright sunlight because of their sensitivity to light. Also, it is not easy to spot the red laser point at the other end. Though many high-end laser distance meters have come up with cameras and display screens to overcome the issue, these devices are very expensive. For instance, Leica S910, which offers a camera with 4x zoom, tilt sensor, and smart base for outdoor measurements is priced at $1,499. Some vendors have come up with laser enhancement eyeglasses, such as Hilti PUA 60 and Dewalt DW0714, which a user can wear and easily spot the laser spot in daylight. However, such peripherals increase users' cost by $10 or more.
Robert Bosch Tool, Fluke, Flir Systems, Leica Geosystems, Hilti, Makita, Stabila, Stanley Black & Decker, and Trimble
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