Construction Lasers Market Size was valued at USD 4.49 billion in 2023. The Construction Lasers industry is projected to grow from USD 4.69 Billion in 2024 to USD 6.34 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.84% during the forecast period (2024 - 2032). The increased number of infrastructure projects and large construction projects and the growth of the population are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Green laser technology is currently gaining popularity in the construction laser market. Green lasers have many advantages over red lasers. Green lasers' enhanced visibility and accuracy make them highly suitable for both indoor & outdoor construction applications. Construction professionals use green lasers to align and measure distances, leading to accurate construction precisely. In green lasers, narrow line aberration aids the laser in providing precision, accuracy, and alignment. Green lasers find applications in various construction tasks, including leveling, grading, alignment, pipe installation, concrete pouring, and interior layout. This factor drives the market CAGR.
Additionally, there has been a rapid degree of expansion of construction activities that finds its roots primarily in the rising growth of the population. The ongoing commercial and residential projects will likely accommodate the changing consumer needs and demands. These are significant factors fostering the growth of the construction laser market during the forecast period ending in 2028. Emerging economies that are prominent regions of the construction lasers market size are of particular note due to the contribution of the governments of these countries. They are investing heavily in developing market infrastructure. The rise of smart cities is acting like a prudent step forward in the construction industry as they are catering to and, further, are anticipating the demand for efficient cities, particularly in population-rich regions of the globe in the market premises, especially during the forecast period that will be ending in 2030.Thus, driving the Construction Lasers market revenue.
Based on Product, the Construction Lasers market segmentation includes Rotary Level Lasers, Linear Laser Level, Plumb/Dot Lasers, and Others. The rotary-level laser segment dominated the market; the shipment of rotary-level lasers was over 5 million in 2022. The growth in infrastructure development projects globally drives the demand for rotary-level lasers. The government & private sectors have invested in highways, railroads, housing, and other infrastructure, creating business opportunities for construction lasers. The construction industry constantly evolves, using new technologies and practices to increase efficiency & quality. The demand for rotary-level lasers is expected to increase due to their high use by engineers for modern design techniques.
Figure1: Construction Lasers Market, by Product, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Construction Lasers market segmentation, based on Range, includes 1 ft. to 100 ft., 101 ft. to 200 ft., 201 ft., above. The 1 ft. to 100 ft segment dominated the market because this segment includes the most popular construction lasers, such as line lasers and rotary lasers.This segment includes the most popular construction lasers, such as line and rotary lasers.These lasers are relatively inexpensive and easy to use. They are suitable for a wide range of construction applications.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Construction Lasers market area will dominate this market due to the government of this Region investing significantly in infrastructure development will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBAL CONSTRUCTION LASERS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Construction Lasers market accounts for the second-largest market share due to therapid increase in the expenditure on improving the existing infrastructure that provides new opportunities to the construction lasers market. Further, the German Construction Lasers market held the largest market share, and the UK Construction Lasers market was the fastest-growing market in the European Region
The Asia-Pacific Construction Lasers Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because more individuals are migrating to cities and towns. This trend drives real-estate development, including residential, commercial, transportation, and smart city development. Moreover, China’s Construction Lasers market held the largest market share, and the IndianConstruction Lasers market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Construction Lasers market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Construction Lasers industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Construction Lasers industry to benefit clients and increase the market sector. In recent years, the Construction Lasers industry has offered some of the most significant advantages to medicine. Major Construction Lasers market players include Topcon Positioning Systems Inc., Qualcomm, HEXAGON, Johnson Level & Tool Mfg. Co. Inc., Kapro Industries Ltd., Spectra Precision, STABILA Messgeräte Gustav Ullrich GmbH, AdirPro, Stanley Black & Decker, Inc., Robert Bosch GmbH, DotProduct., and others are attempting to increase market demand by investing in research and development operations.
Fluor Corporation is an American multinational engineering and construction firm headquartered in Irving, Texas. It is a holding company that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power.Fluor Corporation has signed a Memorandum of Understanding (MOU) with Longview Fusion Energy Systems, Inc. to serve as its engineering and construction partner in designing and planning laser fusion energy for the energy market.
Thales Group is a French multinational company that designs, develops and manufactures electrical systems, devices and equipment for the aerospace, defense, transportation and security sectors.Thales and Bharat Dynamics Limited (BDL), a Government of India enterprise, signed a Memorandum of Understanding for setting up manufacturing facilities in India for precision-strike 70mm laser-guided rockets (FZ275 LGR). Through this agreement, BDL will become a part of the FZ275 LGR supply chain, providing an opportunity to export Indian-manufactured components to existing and future 70mm laser-guided rocket customers.
April 2023: Fluor Corporation announced that it had signed a Memorandum of Understanding (MOU) with Longview Fusion Energy Systems, Inc. to serve as its engineering and construction partner in designing and planning laser fusion energy for the energy market
January 2023: Thales and Bharat Dynamics Limited (BDL), a Government of India enterprise, signed a Memorandum of Understanding for setting up manufacturing facilities in India for precision-strike 70mm laser-guided rockets (FZ275 LGR). Through this agreement, BDL will become a part of the FZ275 LGR supply chain, providing an opportunity to export Indian-manufactured components to existing and future 70mm laser-guided rocket customers.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 4.49 billion |
| Market Size 2024 | USD 4.69 billion |
| Market Size 2032 | USD 6.34 billion |
| Compound Annual Growth Rate (CAGR) | 3.84% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Range, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Topcon Positioning Systems Inc., QualComm, HEXAGON, Johnson Level & Tool Mfg. Co. Inc., Kapro Industries Ltd., Spectra Precision, STABILA Messgeräte Gustav Ullrich GmbH, AdirPro, Stanley Black & Decker, Inc., Robert Bosch GmbH, DotProduct |
| Key Market Opportunities | Increasing number of infrastructure projects and large construction projects |
| Key Market Dynamics | Growth of the population |
Construction Lasers Market Highlights:
Frequently Asked Questions (FAQ) :
The Construction Lasers market size was valued at USD 4.49 Billion in 2023.
The Construction Lasers Market is projected to grow at a CAGR of 3.84% during the forecast period, 2024-2032.
North America had the largest share of the Construction Lasers Market.
The key players in the market are Topcon Positioning Systems Inc., Qualcomm, HEXAGON, and Johnson Level & Tool Mfg. Co. Inc., Kapro Industries Ltd., Spectra Precision, STABILA Messgeräte Gustav Ullrich GmbH, AdirPro, Stanley Black & Decker, Inc., Robert Bosch GmbH, DotProduct.
The rotary level laser category dominated the Construction Lasers Market in 2023.
The one ft. to 100 ft. had the largest share in the Construction Lasers Market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
