A laser distance meter is primarily used to simplify the measuring process and thus saves significant time. Furthermore, laser distance meters often help to take measurements at different angles with greater precision of up to + /- 1 mm. Increasingly, laser distance meters are used across various applications, including finding the length of electrical wiring and furniture, carpet flooring, and interior design. In addition, laser distance meters are also used widely by multiple suppliers of solar energy solutions for the installation and maintenance of the panels. Laser distance meter has seen many developments and advancements in terms of weight, precision, and scale over the last few years. There are also some high-end laser distance meters such as Leica S910, Bosch GLR 825, and Fluke 424 that are fitted with various features such as the role of Pythagoras, angle calculation, and 4x camera zoom. Owing to the growing use of laser distance meters in the construction sector for accurate and rapid measurement of floor measurements, the global laser distance meter market is expected to experience a steady growth rate in the coming years.
MARKET DYNAMICS
The increasing number of floor plan applications is considered one of the most critical factors which have contributed to the growth of the demand for laser distance meters. Different laser distance meter manufacturers are continuously focusing on integrating laser distance meters with the office computer system in real-time, resulting in the development of mobile applications that allows users to attach laser distance meters with their tablets and smartphones. These mobile apps help users record the magnitude of various real-world objects with greater ease, speed, and precision compared to manual measurement techniques. The simple availability of such apps is expected to induce the adoption of laser distance meters by various end-user groups, which in turn is projected to propel the market for these devices in the near future. However, rising customer inclination towards digital measuring tools for accurate results is another important factor anticipated to cause demand for laser distance meter during the forecast period.
MARKET SCOPE
The "Global Laser Distance Meter Market Analysis To 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The laser distance meter market report aims to provide an overview of the laser distance meter market with detailed market segmentation by application, end user, and geography. The global laser distance meter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading laser distance meter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global laser distance meter market is segmented on the basis of application, and end user. Based on application, the laser distance meter market is segmented into: Plumbing, Construction, Heating, Ventilation and Air Conditioning System (HVAC, and Others. On the basis of end user, the market is segmented into: Architects, Engineers, Construction Employees, Interior Designer, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global laser distance meter market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The laser distance meter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the laser distance meter market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the laser distance meter market in these regions.
MARKET PLAYERS
The reports cover key developments in the laser distance meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from laser distance meter market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the laser distance meter market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the laser distance meter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Danaher
- FLIR Systems, Inc.
- Fluke Corporation
- Hexagon AB
- Hilti
- Makita
- Robert Bosch Tool Corporation
- STABILA
- Stanley Black & Decker, Inc.
- Trimble Inc.
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