Global Construction Lasers Market

Construction Lasers Market Size, Share, Growth Analysis, By Type(Combination Lasers, Line Laser, Plumb/Dot Laser, And Rotary Laser), By Range(1ft to 100ft, 101ft to 200ft, 201ft and above), By Application(Building Construction, Landscaping, Road Construction, Tunneling And Excavation), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20G2054 | Region: Global | Published Date: May, 2024
Pages: 202 | Tables: 92 | Figures: 86

Construction Lasers Market Insights

Construction Lasers Market size was valued at USD 2.7 Billion in 2023 and is poised to grow from USD 2.81 Billion in 2024 to USD 3.92 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).

The Global Construction Lasers Market has witnessed significant growth and advancements in recent years. The use of laser technology in the construction industry has become increasingly popular, especially among contractors working on large-scale commercial projects. Certainly, the increasing demand for construction lasers driven by activities like installing walls and ceilings in construction infrastructure projects is a highly promising market catalyst. This surge in demand not only directly boosts the market size but also brings about indirect economic benefits. The Global Construction Lasers market is anticipated to make a substantial contribution because of this trend. This trend is supported by the fact that lasers streamline traditional manual tasks like leveling, adjusting, plumbing, and squaring. Additionally, laser technology offers benefits in areas like excavation and pipe installation, with further advancements expected in the future. Globally, new infrastructure projects are being launched to meet the demands of population growth. Both residential and commercial projects are on the rise to accommodate the growing population. The demand for construction lasers is also growing, driven by the development of smart cities in many countries. This surge in infrastructure projects is fueling the growth of the global construction lasers market. For instance, in 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 function energy for the global energy market.

It thoroughly examines the status of vendors in the Construction Laser Market. It carefully compares and analyzes how vendors contribute to overall revenue, their customer base, and other important metrics. This analysis gives companies a better understanding of their performance and the challenges they face in competing for market share. With this detailed information, vendors can make smarter decisions and develop effective strategies to stand out in the market.

However, there are safety concerns associated with operating these construction lasers. Prolonged exposure poses a significant risk, leading to skin burns and eye injuries. Moreover, the costs of installation and maintenance are high, which could hinder the growth of the construction lasers market during the forecast period.

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Construction Lasers Market size was valued at USD 2.7 Billion in 2023 and is poised to grow from USD 2.81 Billion in 2024 to USD 3.92 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).

The global construction laser market is highly competitive and characterized by the presence of several key players. These players compete based on factors such as manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction lasers companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. 'HEXAGON', 'Robert Bosch', 'Stanley Black & Decker', 'Trimble', 'Fortive', 'Alltrade Tools', 'Amberg', 'DotProduct FARO', 'FLIR Systems', 'GeoDigital', 'GeoSLAM', 'Hilti', 'Makita', 'mantis vision', 'Maptek', 'Renishaw', 'NCTech', 'RIDGID', 'Spatial Integrated Systems', 'Stabila', 'Surphaser', 'Teledyne Optech', 'AdiPro', 'Johnson Level & Tool Mfg. Co., Inc.', 'Kapro Industries Ltd.', 'Pacific Laser Systems', 'Topcon', 'Teleo, a company building autonomous technology for heavy construction equipment, announced at UP Partners’ UP Summit event in October 2023, that Florida-based Tomahawk Construction will become the first customer to deploy its autonomous capabilities on an active job site. Tomahawk Construction's articulated dump trucks will be able to use autonomous functions to move material to build a residential community in Naples, FL starting in December. In addition, Teleo announced deals with eight new construction customers, including Florida-based Ajaz Paving Industries of FL, LLC. collectively, Teleo's new customers have placed orders for 42 machines. Teleo also announced the addition of Ozark Laser, Murphy Tractor, and Position Partners to its global dealer partner network, establishing its dealer footprint across seven states in the American Midwest, Australia, New Zealand, and Southeast Asia.', 'In May 2023, Trimble announced the launch of the X9 3D laser scanning system, a new reality capture solution for surveying, construction, and engineering professionals. The X9 is built on Trimble's laser scanning technologies, engineered for performance in various environments using Trimble X-Drive technology for automatic instrument calibration, survey-grade self-leveling, and laser pointer for georeferencing.', 'In November 2023, SainSmart, a professional open hardware manufacturer based in the US, introduced the Genmitsu L8 laser machine to the market. This machine boasts an optical power output of 20W/40W, an operating speed of 40,000 mm/min, and comes fully assembled. It features a 360° visual angle exhaust acrylic, laser shield, and advanced safety features, setting new standards in laser engraving technology.'

Construction activities and infrastructure development have significantly increased globally to address accommodation issues arising from the rapid growth of the global population. The need for technologically advanced construction equipment to expedite building construction processes is driving high demand for construction lasers, leading to significant expansion of the global construction lasers market.

Technological Advancements: Green laser technology is rapidly gaining traction in the construction laser market due to its numerous advantages over red lasers. Green lasers offer enhanced visibility and accuracy, making them well-suited for both indoor and outdoor construction applications. Construction professionals rely on green lasers for precise alignment over long distances, ensuring accurate construction. The narrow line emitted by green lasers aids in providing procedural accuracy and alignment, further enhancing their usefulness in construction tasks. Green lasers are utilized in various construction activities such as leveling, grading, alignment, pipe installation, concrete pouring, and interior layout.

The dominating region in the global construction lasers market is North America, which holds a significant market share. The North American region is expected to experience the most significant growth in the global market for construction lasers due to its early adoption of laser levels across various industries such as consumer goods, automotive, healthcare, and others. The market's growth is fueled by the strong presence of major companies and key players engaged in manufacturing and marketing such devices in the region. This expansion is mainly supported by emerging economies throughout the region.

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Global Construction Lasers Market

Report ID: SQMIG20G2054

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