A study by Fact.MR found that over 1.4 million units of handheld laser distance meters were sold to the building and construction industry in 2018, which is nearly 60 percent of overall sales. The devices are able to add, subtract, calculate areas and volumes and triangulate. The advantages of using lasers to gather measurements in the field include speed, accuracy and safety.
Recognizing the lucrative sales opportunities, manufacturers in the handheld laser distance meter market are increasingly targeting the construction industry. The study predicts that the building and construction industry will continue to hold the largest volume share in the handheld laser distance meter market in the upcoming decade. Leading manufacturers, such as Trimble, Hexagon, Bosch and Nikon, are adopting innovative promotion strategies to reach more construction companies that still rely on manual labor and traditional measurement tools.