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Global Laser Distance Meter Market 2018-2022 | Growth of Flooring Industry to Boost Demand | Technavio

January 2, 2019

LONDON--(BUSINESS WIRE)--Jan 2, 2019-- analysts forecast the global laser distance meter market to grow at a CAGR of nearly 2% during the forecast period, according to their latest market research report.

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Technavio analysts forecast the global laser distance meter market to grow at a CAGR of nearly 2% by 2022. (Graphic: Business Wire)

The integration of laser measurement capability with smartphones is one of the major trends being witnessed in the . Over the past few years, the global laser distance meter market has witnessed constant technological upgrades, which have helped in driving the market. Additionally, there has been an increasing focus on technological upgrades to increase the capability and versatility of laser measurement devices. Among these, the integration of laser measurement devices with smartphone applications is important.

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According to Technavio analysts, one of the key factors contributing to the growth of the global laser distance meter market is the growth of the flooring industry:

Global laser distance meter market: Growth of flooring industry

The increasing focus on the redesigning of commercial spaces has led to the growth of the flooring industry. The industry has witnessed strong demand from numerous sectors such as education and healthcare. In the education sector, there has been an increasing focus on holistic learning by using interactive content-based approach for teaching students.

According to a senior analyst at Technavio for research on embedded systems, “Educational institutes are increasingly adopting makerspaces, which are areas used for learning using physical. virtual, and other modular equipment such as 3D microscopes and programmable circuit boards. The adoption of these equipment aids in the practical learning of students. For the designing of these new makerspaces and classrooms, educational institutes are increasingly adopting designer flooring options such as luxury vinyl tiles, rubber, and carpet tiles. For laying out these flooring products, there will be increased reliance on laser measurement devices to measure precise dimensions and areas for the flooring plans to be implemented.”

Global laser distance meter market: Segmentation analysis

The global laser distance meter market research report provides market segmentation by end-user (architects, engineers, construction employees, and interior designers) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The architects segment held the largest market share in 2017, accounting for nearly 39% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of over 47%. This region is expected to dominate the market through 2022.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

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SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/02/2019 10:21 AM/DISC: 01/02/2019 10:21 AM

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