Handheld Laser Distance Meter Market Segmentation and Industrial Overview Forecasts to 2027

From: Fact Market Research
Published: Tue Jul 23 2019


A recent study by Fact.MR states that nearly 2.4 Mn units of handheld laser distance meters were sold in 2018, and estimates a 2.1% rise in sales of handheld laser distance meters, to cross 2.5 Mn units by 2019. Fact.MR thoroughly assesses various aspects of the handheld laser distance meter market to reach unique conclusions about its growth prospects, and changing demand for handheld laser distance meters across industry verticals.

The study finds that, in the past few years, distance measurement tools have undergone multiple transformations-all aimed at improving the accuracy, efficiency, and ease of handling the equipment. The study anticipates demand for handheld laser distance meter to remains robust in the building and construction industry, with resurgent rise in the residential and commercial construction activities alike.

Handheld laser distance meters are rapidly replacing their traditional counterparts such as measurement tapes, used in the industry. The burgeoning demand for handheld laser distance meters in the construction industry is mainly attributed to the needs for improving the speed and accuracy of distance measurement tools. Handheld laser distance meters are commonly used in the construction industry for height tracking, which enabled end-users to derive the discrepancy between the heights of two sides of a wall with more accuracy and without any assistance. The importance of getting the measurements right the first time with high efficiency, accuracy, and safety is necessitating the use of handheld laser distance meters in the construction industry. Leading stakeholders in the handheld laser distance meters market are focusing on introducing handheld laser distance meters for the construction industry to capitalize on lucrative sales opportunities created by the ongoing construction activities worldwide.

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A majority of customers are incorporating state-of-the-art measurement instruments, such as handheld laser distance meters, for outdoor applications, in bright sunlight. Leading manufacturers in the handheld laser distance meter market are focusing on improving the quality of display by integrating a high-resolution screen with modern handheld laser distance meters. By introducing brightness adjustment features and a camera with zooming capabilities, handheld laser distance meter market players are allowing end-users to spot distant targets in bright sunlight. In the upcoming years, integrating cameras and high-resolution display options with handheld laser distance meters is likely to emerge as a popular trend in the market.

Although handheld laser distance meters enable end-users to achieve more accuracy at distance measurement tasks, they are extremely expensive, which is one of the leading factors to limit the market growth. As compared to their alternatives – ultrasound distance meters, handheld laser distance meters cost much higher. Thereby, customers are preferring to purchase pre-owned handheld laser distance meters or leasing one, owing to its high cost. Taking into consideration this trend, leading manufacturers in the handheld laser distance meters market are offering pre-owned equipment or leasing handheld laser distance meters of their own brands at competitive prices to gain an edge in the handheld laser distance meter market.

Consideration towards customer experience is building a foundation for salient business strategies adopted by leading players in the handheld laser distance meter market. Leading manufacturers are incorporating Bluetooth functionality with handheld laser distance meters makes the instrument accessible to end-users in a variety of formats. As it enables end-users to transfer information digitally by connecting handheld laser distance meters with smartphones or other electronic devices such as tablets or laptops, manufacturers are introducing the Bluetooth feature in their latest handheld laser distance meter models. Furthermore, some of the top-tiered companies in the handheld laser distance meter market have also introduced smartphone applications that can be connected with handheld laser distance meters and directly transfer data in the form of photographs, floor plans, and numbers to end-users’ electronic devices. Digital transformations in the major end-user industries are expected to make this trend popular in the upcoming years.

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