The laser distance meter market share is expected to increase by USD 140.53 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2%.
This laser distance meter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laser distance meter market segmentations by end-user (architects, engineers, construction employees, and interior designers) and geography (North America, Europe, APAC, South America, and MEA). The laser distance meter market report also offers information on several market vendors, including FLIR Systems Inc., Fortive Corp., Hexagon AB, Hilti Corp., Laurel At Sunset Inc., Makita Corp., Robert Bosch GmbH, Ryobi Ltd., Stanley Black & Decker Inc., and Trimble Inc. among others.
What will the Laser Distance Meter Market Size be During the Forecast Period?
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"The increase in spending in the construction market will have a positive impact on the global distance, angle, and level meters market."
Laser Distance Meter Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growth of the flooring industry is notably driving the laser distance meter market growth, although factors such as the high cost of laser distance meters may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laser distance meter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This laser distance meter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Laser Distance Meter Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- FLIR Systems Inc.
- Fortive Corp.
- Hexagon AB
- Hilti Corp.
- Laurel At Sunset Inc.
- Makita Corp.
- Robert Bosch GmbH
- Ryobi Ltd.
- Stanley Black & Decker Inc.
- Trimble Inc.
This statistical study of the laser distance meter market encompasses successful business strategies deployed by the key vendors. The laser distance meter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- FLIR Systems Inc. - The company offers EXTECH DT300 which provides measurement with a range of 60 meters, and DT-M Series with a range of 40 meters, 60 meters, and 100 meters.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The laser distance meter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Laser Distance Meter Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the laser distance meter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Laser Distance Meter Market?
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35% of the market’s growth will originate from APAC during the forecast period. China is the key market for the laser distance meter market in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating End-user Segments in the Laser Distance Meter Market?
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The laser distance meter market share growth by the architects segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the laser distance meter market size and actionable market insights on post COVID-19 impact on each segment.
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Laser Distance Meter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2% |
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Market growth 2021-2025 |
$ 140.53 million |
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Market structure |
Fragmented |
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YoY growth (%) |
0.39 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
APAC at 35% |
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Key consumer countries |
US, China, Canada, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
FLIR Systems Inc., Fortive Corp., Hexagon AB, Hilti Corp., Laurel At Sunset Inc., Makita Corp., Robert Bosch GmbH, Ryobi Ltd., Stanley Black & Decker Inc., and Trimble Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Laser Distance Meter Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive laser distance meter market growth during the next five years
- Precise estimation of the laser distance meter market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the laser distance meter industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of laser distance meter market vendors
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