Construction Lasers Market: Challenges to Market Growth, Size, Share, Forecast 2

Posted by Market Research Future on November 22nd, 2018

Market Snapshot

Globally, the construction sector is witnessing rapid growth due to the increasing number of infrastructure projects and large construction projects for both the commercial and residential sector. A wide variety of construction lasers are available today and have applications in both indoor and outdoor use. Construction lasers or laser levels are increasingly being used in commercial projects which is likely to encourage demand in traditionally manual processes of levelling and adjusting among other measurement related applications. The expansion of construction activities finds its roots primarily in the growth of the global population. Commercial and residential projects to accommodate changing consumer needs and demands are a significant factor fostering the growth of the construction laser market. Emerging economies are of particular note due to the governments of these countries investing heavily in infrastructure. Smart cities are a prudent step forward in the construction industry as they cater to and anticipate the demand for efficient cities, particularly in population-rich regions of the globe.  Accuracy is deemed highly important in the construction industry in order to ensure long lasting and high quality of the constructed building; to this end, technological advancements in laser technology are anticipated to increase future demand. Notably, construction lasers have proven to be highly effective in reducing human error which is increasingly resulting in high quality buildings. The construction laser market does have some setbacks which are likely to challenge market growth. Safety concerns with regards to skin exposure to lasers and their ill-effects such as skin burns, and possible adverse effects to the naked eye, thus requiring use of safety gear. Additionally, some laser levels emit harmful rays which can adversely affect health in the long run. However not all types of construction lasers are harmful, and ongoing research & development towards the advancement of the construction industry and associated safety concerns are likely to offer solutions which mitigate these challenges in the future.

Market Drivers and Restraints:Globally, the construction activities and infrastructural development have increased at a noteworthy pace for resolving the accommodation issues that have emerged with the tremendous growth of global population. The necessity for utilization of technologically advanced construction equipment for expediting the building construction process is inducing high demand for construction lasers, resulting in the significant expansion of the global construction lasers market.

With the adoption of laser technology in building and construction industry, the frequency of human errors has reduced at a notable rate. Due to the reduction in errors, there has been a radical decrease in catastrophic events caused by construction failure. Hence, for adding accuracy to the infrastructure, the demand for construction lasers is skyrocketing, resulting in the expansion of the global construction lasers markets

The equipment manufacturers are introducing a wide range of construction lasers that are compact, yet highly efficient to be used in commercial as well as residential projects. Increasing reliance of contractors and civil engineers on construction lasers in order to assist the conventional manual procedures such as leveling, plumbing, squaring and others is impacting positively on the growth of the global construction lasers market.

However, direct exposure lasers may cause health hazards. Hence, the concerns regarding the adverse effects of long-term exposure to lasers and complexities related to calibration and maintenance of the equipment are likely to pose as a potential threat for the expansion of the global construction lasers market in the coming years.

Report Overview; The report offers a comprehensive view of the construction laser market during the forecast period. Significant macro and micro economic factors which are expected to influence the market have been recorded and analyzed in the report along with  the current market status and various construction industry trends. Recent developments of the market in tandem with projections for the market are a part of the report. It also includes a thorough discussion on different laser products used in construction such as rotary lasers, plum/dot lasers, and rotary lasers. Construction lasers are used in residential and commercial sectors and their applications for the same have been analyzed accordingly in the report. Global analysis of the market covers North America, Europe, Asia Pacific and the rest of the world. 

Players Covered: 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, Pacific Laser Systems

Research Methodology

Market Research Future applies proprietary methodologies to produce an accurate portrayal of the construction laser market. Primary and secondary methods are employed to get a comprehensive view of the market. One on one interviews with key decision makers of the construction laser market is an important primary method, while extensive procurement of relevant data from company reports, SEC filings, paid databases and other public sources are some of the secondary research sources used to understand the market. Raw information is processed and magnified to identify exact factors which influence the market.  Top-down and bottom-up approaches offer multi-level verification of research findings. The final report consolidates findings and all pertinent market factors along with intelligent insights to assist in impactful decision making.

Regional Analysis:

Geographically, the global construction lasers market is segmented into four major regions such as Europe, North America, Asia Pacific, and the rest of the world. Increasing adoption of technologically advanced construction equipment in order to reduce human errors and optimize productivity on construction sites are propelling the growth of the construction lasers market in the North America region.

The construction lasers market in the Europe region is projecting significant growth in the global market owing to high investment for research and development by the equipment manufacturing companies for the launch of compact, but highly efficient laser devices. Rapid infrastructural development in emerging economies due to increasing population and high demand for advanced technology to expedite the construction process and ensure the accuracy of design are majorly driving the construction lasers market in the Asia Pacific region.

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