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Laser Distance Meter Market Share

Report ID: GMI12324
Published Date: Nov 2024
Report Format: PDF

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Laser Distance Meter Market Share

Global Laser Distance Meter Company Market Share Analysis, 2023

In 2023, key companies like Makita, Hilti, Bosch, Fluke, etc. held a combined market share of 10-15%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced and smart meters that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Laser Distance Meter Market Companies

Major players operating in the laser distance meter industry are:

Agatec
Bosch
CEM Instruments
Fluke
Hilti
Leica
Makita
Milwaukee
Prexiso
Sola Messwerkzeuge
Spectra Precision
Stabila
Stanley Black & Decker, Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for laser distance meter was reached USD 3.4 billion in 2023 and is estimated to grow at a 6.5% CAGR from 2024 to 2032, driven by continuous technological innovations.

The advanced laser distance meter segment crossed USD 2.26 billion in 2023 and is expected to grow at a 6.7% CAGR from 2024 to 2032, due to advancements in laser measurement technology and increasing demand for precision in professional applications.

The time of flight (ToF) segment held around 47% share of the laser distance meter market in 2023 and is anticipated to grow at a 6.9% CAGR from 2024 to 2032, led by the need for high-precision measurements in professional and industrial applications.

The U.S. laser distance meter market crossed USD 720 million in 2023 and is estimated to grow at a 6.6% CAGR from 2024 to 2032, led by the adoption of advanced features like Bluetooth connectivity and integration with BIM/CAD software.

Key players in the laser distance meter industry include Agatec, Bosch, CEM Instruments, Fluke, Hilti, Leica, Makita, Milwaukee, Prexiso, Sola Messwerkzeuge, Spectra Precision, Stabila, and Stanley Black & Decker, Inc.