Market Overview

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

Share:

Technavio
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.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190102005387/en/

Technavio analysts forecast the global laser distance meter market to grow at a CAGR of nearly 2% by ...

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 global
laser distance meter market 2018-2022
. 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.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

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.

Looking for more information on this market? Request
a free sample report

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

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.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com