Handheld Laser Distance Meter Market Introduction and Overview
According to SPER Market Research, the Global Handheld Laser Distance Meter Market is estimated to reach USD 7.54 billion by 2033 with a CAGR of 5.71%.
The report includes an in-depth analysis of the Global Handheld Laser Distance Meter Market, including market size and trends, product mix, Applications, and supplier analysis. Portable devices called handheld laser distance metres use laser technology to calculate the separation between two places. Being a non-contact measuring tool, it is user-friendly and safe. In addition to being utilised for DIY projects, home renovation, and landscaping, handheld laser distance metres are frequently employed in the construction industry for surveying purposes.
- February 2019: In order to purchase refurbished or pre-owned, legacy Trimble products, customers in the United States can connect directly with Trimble's SITECH® dealer network through the company's e-Commerce platform, Trimble Exchange, which was announced in February 2019 by the California-based manufacturer of laser rangefinders and inertial navigation systems. Trimble hopes to draw clients with the introduction of the new e-commerce platform, particularly from the civil construction sector, by providing affordable rates on used Trimble machinery.
- On June 25, 2023: A well-known producer of laser measurement tools, Mileseey, introduced the DP20 Pro Bilateral Laser Distance Metre. This gadget transforms the field of distance measurement by simultaneously emitting laser beams in opposite directions, doing away with the requirement to look for walls or other barriers for the beams to bounce off of.
Market Opportunities and Challenges
The growing real estate and construction industries present one of the main opportunities for expansion in the handheld laser distance metre market. The market for these instruments is anticipated to develop significantly as the requirement for precise measurements in building projects increases. Further potential opportunities for the market are also created by the implementation of new technology in sectors like manufacturing, logistics, and agriculture. Novel uses, such as data transfer and remote monitoring, are becoming possible with laser distance metres' incorporation of Bluetooth and other networking options. Furthermore, there is a growing need for user-friendly, reasonably priced handheld laser distance metres as consumers prioritise do-it-yourself tasks. There is a lot of opportunity in this market niche for manufacturers to serve a wider range of consumers.
However, the market for handheld laser distance metres is faced with various obstacles, even with the encouraging prospects. There is intense rivalry between existing and up-and-coming firms, which spurs ongoing innovation. Success depends on being ahead of the curve in terms of features and technology, which may be a difficult and expensive undertaking. Ensuring the accuracy and dependability of the devices is another problem, since mistakes might result in expensive mistakes in a variety of applications. To keep these metres accurate, they must be calibrated and maintained, which might involve more money and knowledge. Furthermore, regional variations in certification and regulatory compliance requirements can impede market penetration. Completing these regulatory obstacles is crucial for growing the business.
Market Competitive Landscape
Prominent companies in the portable laser distance metre industry are employing diverse tactics to augment their earnings and sustain a commanding market standing. These tactics consist of market expansion, operational excellence, innovation, and a customer-centric mindset. The major players in the market include: Fluke Corporation, Hexagon AB, Hilti, Inc., Makita U.S.A., Inc., Nikon Corporation, Precaster Enterprises Co., Ltd., Prexiso AG, Robert Bosch GmbH, STABILA Measuring Instruments Gustav Ullrich GmbH, Stanley Black & Decker Inc., Trimble, Inc., Others.
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Range, By Category, By End Use, By Application, By Distribution Channel
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Fluke Corporation, Hexagon AB, Hilti, Inc., Makita U.S.A., Inc., Nikon Corporation, Precaster Enterprises Co., Ltd., Prexiso AG, Robert Bosch GmbH, STABILA Measuring Instruments Gustav Ullrich GmbH, Stanley Black & Decker Inc., Trimble, Inc., Others
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COVID-19 Impact on Global Handheld Laser Distance Meter Market
The market for handheld laser metres was one of the several businesses that was significantly impacted by the COVID-19 outbreak. The pandemic has a number of detrimental effects on the handheld laser metre market. Due to production stoppages and transportation limitations, there were supply chain disruptions that delayed the production and delivery of essential components, which had an impact on the manufacturing process and raised costs. Additionally, a decline in laser metre demand brought on by a reduction in industrial activity and economic uncertainties cost manufacturers money. Production schedules were disturbed by workforce issues such as remote work, labour shortages, and safety procedures, which may have had an impact on product quality. Furthermore, the pandemic's introduction of market uncertainty made it challenging for businesses to plan investments, which slowed down innovation and impeded the growth of the industry.
Key Target Audience:
- Construction Industry Professionals
- Real Estate Professionals
- Interior Designers and Decorators
- Surveying and Land Measurement Services
- DIY Enthusiasts and Homeowners
- Industrial and Manufacturing Sectors
- Architects and Engineers
- Forestry and Environmental Sciences
- Emergency Services and Search and Rescue Teams
- Geologists and Mining Professionals
- Retailers and E-commerce Platforms
- Others
Our in-depth analysis of the Handheld Laser Distance Meter Market includes the following segments:
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By Range:
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Up to 30 Meters
30 to 100 Meters
Above 100 Meters
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By Category:
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With Bluetooth
Without Bluetooth
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By End Use:
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Building and Construction
Logistics
Metal and Mining
Military
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By Application:
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Distance Measurement
Level and Elevator Measuring
Position and Monitoring Objects
Security Applications Movement Detection
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By Distribution Channel:
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Direct Sales
Indirect Sales
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Key Topics Covered in the Report:
- Global Handheld Laser Distance Meter Market Size (FY’2023-FY’2033)
- Overview of Global Handheld Laser Distance Meter Market
- Segmentation of Global Handheld Laser Distance Meter Market By Range (Up to 30 Meters, 30 to 100 Meters, Above 100 Meters)
- Segmentation of Global Handheld Laser Distance Meter Market By Category (With Bluetooth, Without Bluetooth)
- Segmentation of Global Handheld Laser Distance Meter Market By End Use (Building and Construction, Logistics, Metal and Mining, Military)
- Segmentation of Global Handheld Laser Distance Meter Market By Application (Distance Measurement, Level and Elevator Measuring, Position and Monitoring Objects, Security Applications Movement Detection)
- Segmentation of Global Handheld Laser Distance Meter Market By Distribution Channel (Direct Sales, Indirect Sales)
- Statistical Snap of Global Handheld Laser Distance Meter Market
- Expansion Analysis of Global Handheld Laser Distance Meter Market
- Problems and Obstacles in Global Handheld Laser Distance Meter Market
- Competitive Landscape in the Global Handheld Laser Distance Meter Market
- Impact of COVID-19 and Demonetization on Global Handheld Laser Distance Meter Market
- Details on Current Investment in Global Handheld Laser Distance Meter Market
- Competitive Analysis of Global Handheld Laser Distance Meter Market
- Prominent Players in the Global Handheld Laser Distance Meter Market
- SWOT Analysis of Global Handheld Laser Distance Meter Market
- Global Handheld Laser Distance Meter Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1.2. Market segment analysis
2.1. Research data source
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Global Handheld Laser Distance Meter Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. Global Handheld Laser Distance Meter Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Handheld Laser Distance Meter Market
7. Global Handheld Laser Distance Meter Market, By Range (USD Million)
7.1. Global Handheld Laser Distance Meter Market Value Share and Forecast, By Range, 2023-2033
8. Global Handheld Laser Distance Meter Market, By Category (USD Million)
8.1. Global Handheld Laser Distance Meter Market Value Share and Forecast, By Category, 2023-2033
9. Global Handheld Laser Distance Meter Market, By End Use (USD Million)
9.1. Global Handheld Laser Distance Meter Market Value Share and Forecast, By End Use, 2023-2033
9.2. Building and Construction
10. Global Handheld Laser Distance Meter Market, By Application (USD Million)
10.1. Global Handheld Laser Distance Meter Market Value Share and Forecast, By Application, 2023-2033
10.2. Distance Measurement
10.3. Level and Elevator Measuring
10.4. Position and Monitoring Objects
10.5. Security Applications Movement Detection
11. Global Handheld Laser Distance Meter Market, By Distribution Channel (USD Million)
11.1. Global Handheld Laser Distance Meter Market Value Share and Forecast, By Distribution Channel, 2023-2033
12. Global Handheld Laser Distance Meter Market Forecast, 2019-2033 (USD Million)
12.1. Global Handheld Laser Distance Meter Market Size and Market Share
13. Global Handheld Laser Distance Meter Market, By Range, 2019-2033 (USD Million)
13.1. Global Handheld Laser Distance Meter Market Size and Market Share By Range (2019-2026)
13.2. Global Handheld Laser Distance Meter Market Size and Market Share By Range (2027-2033)
14. Global Handheld Laser Distance Meter Market, By Category, 2019-2033 (USD Million)
14.1. Global Handheld Laser Distance Meter Market Size and Market Share By Category (2019-2026)
14.2. Global Handheld Laser Distance Meter Market Size and Market Share By Category (2027-2033)
15. Global Handheld Laser Distance Meter Market, By End Use, 2019-2033 (USD Million)
15.1. Global Handheld Laser Distance Meter Market Size and Market Share By End Use (2019-2026)
15.2. Global Handheld Laser Distance Meter Market Size and Market Share By End Use (2027-2033)
16. Global Handheld Laser Distance Meter Market, By Application, 2019-2033 (USD Million)
16.1. Global Handheld Laser Distance Meter Market Size and Market Share By Application (2019-2026)
16.2. Global Handheld Laser Distance Meter Market Size and Market Share By Application (2027-2033)
17. Global Handheld Laser Distance Meter Market, By Distribution Channel, 2019-2033 (USD Million)
17.1. Global Handheld Laser Distance Meter Market Size and Market Share By Distribution Channel (2019-2026)
17.2. Global Handheld Laser Distance Meter Market Size and Market Share By Distribution Channel (2027-2033)
18. Global Handheld Laser Distance Meter Market, By Region, 2019-2033 (USD Million)
18.1. Global Handheld Laser Distance Meter Market Size and Market Share By Region (2019-2026)
18.3.6. Rest of Asia-Pacific
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.7.3. Rest of Latin America
19.1.2. Financial outlook
19.1.4. Recent developments
19.2.2. Financial outlook
19.2.4. Recent developments
19.3.2. Financial outlook
19.3.4. Recent developments
19.4. Makita U.S.A., Inc.
19.4.2. Financial outlook
19.4.4. Recent developments
19.5. Precaster Enterprises Co., Ltd.
19.5.2. Financial outlook
19.5.4. Recent developments
19.6.2. Financial outlook
19.6.4. Recent developments
19.7.2. Financial outlook
19.7.4. Recent developments
19.8. STABILA Measuring Instruments Gustav Ullrich GmbH
19.8.2. Financial outlook
19.8.4. Recent developments
19.9. Stanley Black & Decker Inc.
19.9.2. Financial outlook
19.9.4. Recent developments
19.10.2. Financial outlook
19.10.4. Recent developments
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
