Handheld Laser Meter Global Market Report 2024

The handheld laser meter market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.77 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to the rise in diverse industries, increased investment in research and development activities, increased use of laser sensors, and increased regulations and standards in industries.

The handheld laser meter market size is expected to see strong growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The projected growth during the forecast period is driven by escalating consumer demand, a heightened emphasis on precision in construction, greater attention to infrastructure development, expansion in the real estate and interior design industries, and the rising popularity of energy-efficient solutions. Key trends in this period encompass technological advancements in laser measurement, digitalization, and integration with smart devices, partnerships with e-commerce platforms to expand market reach, incorporation of augmented reality (AR) for enhanced functionality, and the innovation of handheld laser distance meter products.

The rising levels of construction and real estate operations are anticipated to drive the expansion of the handheld laser meter market in the foreseeable future. These activities encompass a wide range of tasks related to the creation, management, and utilization of properties, involving the construction of buildings, infrastructure, and facilities, as well as the acquisition, disposition, leasing, and supervision of real estate assets. The escalation in construction and real estate activities is attributed to rapid urbanization, infrastructure development, and a heightened emphasis on efficiency and precision in building endeavors. Handheld laser meters are essential instruments in construction due to their precision, speed, user-friendliness, adaptability, consistency, and documentation capabilities, which contribute to enhanced efficiency, productivity, and quality in construction projects. For example, in December 2021, according to the United States Census Bureau, a government agency in the US, the value of construction activities surged from $1.62 trillion in 2021 to $1.79 trillion in 2022, marking a growth rate of 10%. Hence, the growing construction and real estate operations stimulate the handheld laser meter market.

Leading companies in the handheld laser meter industry are innovating by introducing products such as compact laser distance meters to cater to the increasing demand for portable, high-precision measurement solutions across various sectors. Compact laser distance meters serve as valuable instruments for professionals and do-it-yourself (DIY) enthusiasts, offering convenience, precision, and versatility for diverse measurement tasks. For instance, in May 2024, Fluke Corp., a US-based manufacturer of handheld laser meters, unveiled the 417D, a compact laser distance meter. This device delivers instantaneous distance measurements of up to 131 feet (40 meters) with an accuracy of 0.08 inches, thereby enhancing precision, expanding measurement capabilities, and enhancing user experience. It facilitates the creation of more precise, adaptable, and efficient devices. Designed for both indoor and outdoor use, this compact handheld device features a robust laser ensuring accurate tracking of targets, even in challenging environments or over considerable distances. With its ability to withstand a one-meter drop and boasting an IP54 rating for dust and water resistance, the 417D laser distance meter proves to be an ideal choice for demanding work settings.

In March 2024, Leica Geosystems, a Swiss company specializing in handheld laser meters, formed a partnership with John Deere, an American manufacturer of construction equipment. This collaboration harnesses the respective strengths of both companies to introduce new technologies and services to construction professionals globally.

Major companies operating in the handheld laser meter market are Robert Bosch GmbH, Danaher Corporation, Stanley Black & Decker Inc., Hilti Corporation, Makita Corporation, Bosch Power Tools, Fluke Corporation, Teledyne FLIR LLC, Hexagon AB, Nikon Corporation, Trimble Inc., Topcon Corporation, Spectra Precision, Leica Geosystems AG, Faro Technologies Inc., Cole-Parmer India Pvt. Ltd., L.S. Starrett Company, Transact Inc., Zircon Corporation, Acro Enterprise, Mileseey Technology Co. Ltd., Precaster Enterprises Co. Ltd., Prexiso AG, Stabila Inc, Entek Engineering LLC.

North America was the largest region in the handheld laser meter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handheld laser meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the handheld laser meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A handheld laser meter is a portable tool utilized for distance measurement by emitting a laser beam towards a target surface and subsequently measuring the time it takes for the laser beam to return to the device. It is characterized by its compactness, user-friendly interface, and ability to deliver precise measurements across both short and long distances, rendering it indispensable for professionals necessitating accurate distance assessments in their respective fields of work.

The primary classifications of handheld laser meters consist of those with Bluetooth capability and those without. "Without Bluetooth" refers to handheld laser meters lacking wireless connectivity functions. They encompass different ranges, including up to 30 meters, 30-100 meters, and over 100 meters, distributed through various channels such as direct and indirect sales. These devices cater to diverse end-users such as those in building and construction, mining, military, among others.

The handheld laser meter market research report is one of a series of new reports that provides handheld laser meter market statistics, including handheld laser meter industry global market size, regional shares, competitors with a handheld laser meter market share, detailed handheld laser meter market segments, market trends, and opportunities, and any further data you may need to thrive in the handheld laser meter industry. This handheld laser 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 handheld laser meter market consists of sales of laser rangefinders, distance meters, laser height gauges, laser volume meters, and laser profilers. 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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