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Measurement and layout tools are used for measuring and arranging components and find extensive application in construction activities, manufacturing industries, woodworking, automotive, and surveying activities. Rapid urbanization, rising investment in infrastructure development, and growing construction activities are prominent parameters showcasing robust growth in these tools market. Portable and electric powered tools are showcasing high adoption rate owing to their compact size, lightweight properties, and enhanced portability. The measuring and layout tools are gaining market traction and are projected to grow at a steady rate owing to smart industry adoption and precise measurement requirements.
Tools such as measuring tapes and wheels, rulers, callipers, micrometres, squares are used in a wide array of industries. This is due to their versatile functions such as accurate measurements, crafting, assembling, precision machining, inspection, cutting, surveying, mapping, and layout planning in design projects. The wood-based industries are growing at a significant rate across various regions as a result of the manufacturing of furniture, wood, and other wood products. The ongoing need for measurement and layout tools is driven by the consistent demand for upgrading and replacing aging tools across a varied sector. Increasing awareness about D.I.Y activities with the help of social media, videos, and television have further boosted the growth of the tools in the market.
Increasing number of construction projects across developing countries, supportive government policies, rising demand for efficient and durable industrial tools are generating robust demand for measuring tools. Manufacturing companies are exploring and investing in innovative technologies to meet the changing customer requirements. For instance,
During the COVID-19 pandemic, the global market for measuring and layout tools was impacted due to the temporary closure of manufacturing, construction, and other sectors. Several trade barriers, supply chain disruptions, production slowdown, restrictions on construction sites, and export import challenges hindered the demand for measuring and layout tools across several regions. The tools market recorded a huge declining impact owing to the mentioned factors. However, the market demand recorded a recovery post the pandemic period due to the relaxation of lockdown restrictions across several countries.
The economic recovery during the post pandemic period has led to the steady growth rate of the market in the past few years. The market is projected to gain traction during the upcoming years. The rising construction projects, DIY activities, and industrialization are all likely to boost the measuring and layout tools market growth during the forecast period.
The report covers the following key insights:
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Based on end-user, the measurement and layout tools market has been classified into construction and building, manufacturing and metalworking, woodworking and carpentry, automotive and aerospace, surveying and geomatics, and others. These tools find their extensive application in end-use sectors such as construction, automotive, and aerospace sector. Construction and building activities are growing due to substantial investments across developing countries such as India. The infrastructure sector records a high demand for precision, accuracy, and efficient measurement tools. Civil engineering projects, require precise measurement that is provided by tools such as laser measuring device and digital layout tools.
The automotive and aerospace industry has to conform stringent standards and regulations which require high quality and precise parts. The manufacturing and maintenance activities such as wiring, cabling, and electronic component maintenance require measuring and layout tools, boosting the sales volume of the market.
The global measurement and layout tools market is divided into five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific is set to lead the market demand for measurement and layout tools.
The market is showing robust development in infrastructure such as roads, highways, residential, and commercial spaces. Furthermore, notable investment, maintenance and repair activities under construction sector are all expected to create strong growth opportunities across the market. For instance, India being the second largest road network in the world, the government is constantly focusing on developing national highways. For example, the pace of National Highway Construction in FY 2021-2022 was 29 km/day.
The expanding manufacturing facilities across several developing countries such as Indonesia, Thailand, Taiwan, and India are all anticipated to drive the demand for these tools. Rising wood products manufacturing, metal manufacturing, automotive, and carpentry activities are expected to generate high growth opportunities for tool manufacturers in the region. Key players in the market are striving to provide tech-enabled solutions to offer efficient and accurate measuring solutions to the industry. Several expansion strategies and investment in research and development activities are projected to add to the growth of the market.
By region, the distribution of the measurement and layout tools market is as follows:
Few of the key players in the market include Robert Bosch Tool Corporation, Stanley Black & Decker, Inc., Snap-On Incorporated, Apex Tool Group, Milwaukee Tool, Mileseey Technology Inc., and Hilti Corporation.
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