The analysts forecast global laser distance meter market to grow at a CAGR of 1.59% during the period 2017-2021. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Complete report on the Laser Distance Meter Market Research Report spread across 80 pages, profiling 9 companies with table of content is now available at www.reportsnreports.com/contacts/discount.aspx?name=1142905 .
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The following companies as the key players in the global laser distance meter market: Robert Bosch Tool, Fluke, Flir Systems, Leica Geosystems, Hilti, Makita, Stabila, Stanley Black & Decker, and Trimble
The latest trend gaining momentum in the market is Increasing digitization. With the increasing customer demand and pricing pressure leading to intense competition, organizations are focusing more on their strategic competitiveness.
This helps enterprises to develop new competitive strategies and to decide and develop their unique selling proposition. With the integration of these laser digital meters with the software apps in smartphones and tablets, the vendors are able to analyze the consumer requirement at the macro level.
Such digitally advanced data loggers with software also generate huge data for the vendors to run statistical analytics to identify and retain consumers. Digital marketing helps organizations improve decision-making and market response as compared with their competitors.
Therefore, with the availability of software apps, along with the laser distance meter, end-users are able to digitally record the measurements directly in the system.
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According to the report, one of the major drivers for this market is Demand for laser distance meter for interior designing. The interior designing sector mainly includes flooring and wall covering.
The flooring and wall covering stage is usually carried out after the completion of construction stage. Though the end-users heavily depend on traditional measuring instruments, the commercial and residential construction projects promote the sale of laser distance meters.
The laser distance meters are used to measure the square feet of a target area and calculate the materials needed. Materials range from curtains, wood, tiles, carpets, insulations, granite, wallpaper, or paint.
Laser distance meters are also used to calculate the measurements of glass required for windows and doors. They can also be used to plan and manage the furniture allocation.
This report covers the present scenario and the growth prospects of the global laser distance meter market for 2017-2021. To calculate the market size, the report considers the new unit shipments and sales volume.
The report excludes retrofit, replacement, spares, aftermarket accessories, and services.
Further, the report states that one of the major factors hindering the growth of this market is Barriers that restrict use of laser distance meters. Laser distance meters are limited by range, and their prices go up as the range of the meters increases.
In addition, laser meters are difficult to use in bright sunlight because of their sensitivity to light. Also, it is not easy to spot the red laser point at the other end.
Though many high-end laser distance meters have come up with cameras and display screens to overcome the issue, these devices are very expensive. For instance, Leica S910, which offers a camera with 4 x zoom, tilt sensor, and smart base for outdoor measurements, is priced at $1,499.
Some vendors have come up with laser enhancement eyeglasses, such as Hilti PUA 60 and Dewalt DW0714, which a user can wear and easily spot the laser spot in daylight. However, such peripherals increase users' cost by $10 or more.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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