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Laser Distance Meter Market

Market Insights on Laser Distance Meter covering sales outlook, demand forecast & up-to-date key trends

Laser Distance Meter Market by Product Type, End Use & Region - Forecast 2022-2032

Laser Distance Meter Market Outlook

The laser distance meter market is likely to record a strong CAGR of 2% during the forecast period. The laser distance meter market is currently valued at US$ 132.42 Mn in 2021 and is likely to reach US$ 158.26 Mn by 2032.

Report Attribute

Details

Estimated Base Year Value (2022)

US$132.42  Mn

Anticipated Forecast Value (2032)

US$ 158.26 Mn

Projected Growth Rate (2022-2032)

2% CAGR

Sales of laser distance meter have risen owing to the increasing use of laser distance meter in the construction industry for fast and precise determination of floor dimensions.

Increased use of laser distance meter by many solar energy system providers for the purpose of board maintenance and installation are also projected to contribute to the growth of the laser distance meter market share.

The report sheds light on the factors improving the sales of laser distance meter, and, in turn, the opportunities for market players. However, the laser distance meter market also faces some challenges, which might limit the laser distance meter market share from reaching its potential.

Some of the key stroboscope market trends promoting the demand for laser distance meter are progressive use in numerous applications including finding the length of electrical cabling and furniture, interior designing and carpet flooring.

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What are the Key Dynamics to the Laser Distance Meter Market Share

The manufacturers of the laser distance meter market are focusing on designing and developing advanced laser distance meter with improved capacity, high quality display, improved resistance, and dropping tests.

These parameters are fueling the growth in the sales of laser distance meter across various regions during forecast period at significant CAGR.

  • In February 2019, Nikon Vision Co., Ltd., one of the prominent manufacturers of laser distance meter market launched MONARCH 2000 laser distance meter with a long-distance measurement capability of a distance of 1,820 meters. This laser meter has various innovative and advanced features, such as an automatic display brightness modification function and red OLED internal display.
  • In February 2018, Hexagon AB (Leica Geosystems), key manufacturer of laser distance meter market launched Leica DISTO™ X3 and X4 handheld laser distance meter specially designed for the construction industry. It is dust- and water-protected and it can withstand drop trials from a height of 2 meters.

With the launch of the technologically and revolutionary advanced laser distance meters, the key players are aiming to consolidate a robust position in the demand for laser distance meters during the forecast period.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Which Region holds the Highest Growth Potential in the Laser Distance Meter Market

On the basis of the geography, FMI has divided the global regions into the seven key regions, North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa, and Oceania.

In these key regions, North America is anticipated to hold a prominent share in terms of value in the laser distance meter market owing to rapid growth in the military sector and the construction sector.

The value share of North America is followed by the European countries. Countries in Europe such as Germany and France are expected to hold significant share in laser distance meter market due to rapid growth in construction and healthcare field.

These parameters are propelling the growth of laser distance meter market across various regions during forecast period at significant CAGR.

How is the Competitive Landscape in the Laser Distance Meter Market

The key players of the laser distance meter market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of laser distance meter.  

Some of the key participating players indulged in the sales of laser distance meter are:

  • Nikon Vision Co. Ltd.
  • Hilti, Inc
  • Fluke Corporation
  • Makita U.S.A. Inc.
  • Prexiso AG
  • Precaster Enterprises Co. Ltd.
  • Hexagon AB (Leica Geosystems)
  • STABILA Measuring Instruments Gustav Ullrich GmbH
  • Trimble Inc.
  • Stanley Black & Decker Inc., and The L.S. Starrett Company Ltd.

These market players are anticipated to drive the laser distance meter market by introducing new products and expanding geographically.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 2% from 2022 to 2032

Base year for estimation

2022

Historical data

2015 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Product type, End Use, Region

Regional scope

North America; Latin America; Europe; Middle East and; Africa (MEA); East Asia; South Asia; Oceania

Country scope

U.S., Canada, Mexico, Brazil, Argentina, Germany, Italy, France, U.K, Spain, Russia, India, Indonesia, Thailand, China, Japan, South Korea, Australia & New Zealand, GCC Countries, South Africa, North Africa

Key companies profiled

Nikon Vision Co., Ltd., Hilti, Inc., Fluke Corporation, Makita U.S.A., Inc., Prexiso AG, Precaster Enterprises Co., Ltd., Hexagon AB (Leica Geosystems), STABILA Measuring Instruments Gustav Ullrich GmbH, Trimble, Inc., Stanley Black & Decker Inc., and The L.S. Starrett Company Ltd.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The laser distance meter market grows at a rate of 2% CAGR during the forecast period 2022 to 2032.

Key players holding a substantial laser distance meter market share include Nikon Vision Co., Ltd., Hilti, Inc., Fluke Corporation, Makita U.S.A., Inc., Prexiso AG, Precaster Enterprises Co., Ltd., Hexagon AB (Leica Geosystems), STABILA Measuring Instruments Gustav Ullrich GmbH, Trimble, Inc., Stanley Black & Decker Inc., and The L.S. Starrett Company Ltd.

Demand for laser distance meter is likely to rise on the back of increased use of laser distance meter by many solar energy system providers for the purpose of board maintenance and installation.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Laser Distance Meter Market