Construction Lasers Global Market Report 2024

The global construction lasers market has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The upswing observed in the preceding period can be ascribed to the implementation of smart city initiatives, heightened investments in research and development, the burgeoning expansion of the construction industry in emerging markets, a dedicated emphasis on sustainable and green construction practices, a rising demand for compact and portable laser solutions, and the expanding applications of laser technology in interior construction.

The global construction lasers market is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated expansion during the forecast period is driven by the seamless integration with building automation systems, the increased prevalence of prefabricated construction methods, the broader implementation of mixed-reality construction techniques, heightened emphasis on safety features, and the application of these technologies in large-scale industrial construction projects. Key trends expected in the forecast period encompass the rising adoption of cutting-edge technologies, the incorporation of laser technology into building information modeling (BIM), advancements in laser measurement technologies, the proliferation of automated and robotic solutions, and a discernible shift towards digital construction workflows.

The growth of the construction laser market is anticipated to be propelled by the rising construction industry. With its focus on creating, maintaining, and repairing infrastructure, the construction sector's expansion drives the demand for construction lasers. These lasers find extensive applications in various construction tasks, including rehabilitation, assembly, and obtaining accurate measurements (rangefinder function). Notably, the Indian Ministry of Statistics and Programme Implementation predicts a substantial growth of 16.8% in the construction sector for the April-June quarter of 2022-2023, a significant increase compared to 2.3% in the previous fiscal year. This upward trajectory in the construction industry is poised to be a key driver for the construction lasers market.

The construction laser market is experiencing growth fueled by the increasing number of smart city projects globally. Smart cities leverage information and communication technology (ICT) to enhance operational efficiency and provide advanced infrastructural facilities. As smart cities evolve with greater connectivity and technological advancements, precise construction methods become imperative. Construction lasers play a vital role in ensuring accurate construction of buildings, roads, and other infrastructure essential for the success of smart city initiatives. For instance, the US federal government's Investment and Jobs Act allocated $500 million to accelerate its smart city initiative in November 2021. Similarly, the Indian government increased its allocation for smart city development from $457 million in FY 2020-2021 to $868 million in FY 21-22. The proliferation of smart city projects worldwide is a significant catalyst driving the construction laser market.

Technological advancements take center stage as a prominent trend in the construction laser market. Major industry players are actively engaged in developing cutting-edge technological solutions to fortify their market positions. An illustrative example is Trimble, a US-based company in the construction lasers market, which launched the Trimble X12 scanning system in August 2022. This system integrates Zoller+Fröhlich 3D laser scanning and imaging hardware technology with Trimble software, offering unparalleled data capture and on-site registration capabilities. With a scanning range of 0.3 to 365 meters and a maximum scan speed of 2.2 million points per second, the Trimble X12 scanning system excels in capturing intricate details in industrial facilities for modeling and redesigning designs.

Major companies in the construction laser market are dedicated to introducing innovative technologies such as the Genmitsu L8 laser machine. Launched by SainSmart, a US-based professional open hardware manufacturer, the Genmitsu L8 laser machine is a laser engraving machine designed to redefine possibilities for creators and hobbyists. With features like 20W/40W optical power output, a 40,000 mm/min operating speed, full assembly, a 360° visual angle exhaust acrylic laser shield, and advanced safety features, the L8 laser sets new benchmarks in laser engraving technology.

In a strategic move, Precisional LLC, a US-based precision measurement and software/data solutions provider, acquired four industrial technology businesses, including Spectra Precision Tools, from Trimble in May 2022. This acquisition aims to establish a new platform focusing on accurate measurement and analytical insights to enhance productivity across applications requiring precision and reliability. Spectra Precision Tools, operating in the construction lasers sector, is part of this transformative business move.

Major companies operating in the construction lasers market report are Stanley Black & Decker Inc., Hilti Corporation, Kapro Industries Ltd., PLS Pacific Laser Systems LLC, Robert Bosch Gmbh, Hexagon AB, Trimble Inc., Leica Geosystems AG, Spectra Precision Lasers LLC, Johnson Level & Tool Mfg Co. Inc., Stabila Messgeräte Gustav Ullrich GmbH, Fluke Corporation, Pacific Laser Systems LLC, Sokkia Co. Ltd., Dewalt company Ltd., Makita Corporation, Milwaukee Electric Tool Corporation, Laser Alignment Inc., Greenlee Tools LLC, CST/Berger Corporation, Geomax International AG, Topcon Corporation, Laserliner Messtechnik GmbH, Firecore Laser Systems, Nivel System, Laser Technology Inc.

Asia Pacific was the largest region in the construction lasers market in 2023. The regions covered in the construction lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main categories of construction lasers include rotary level lasers, linear laser levels, plumb or dot lasers, and others. Rotary level lasers provide horizontal or vertical level indications and other construction reference points through a continuous 360-degree arc of laser light. These lasers are available in different ranges, such as 1 ft. to 100 ft., 101 ft. to 200 ft., and 201 ft. and above. They find applications in both commercial and residential construction projects.

This report provides construction lasers market statistics, including construction lasers industry global market size, regional shares, competitors with a construction lasers market share, detailed construction lasers market segments, market trends and opportunities, and any further data you may need to thrive in the construction lasers industry. This construction lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction of a laser consists of the sale of a pump source, laser medium, optical resonator, and other components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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