Global Spirit Levels Market Insights and Forecast to 2028

Spirit levels are a device for determining true horizontal or vertical directions by the centering of a bubble in a slightly curved glass tube or tubes filled with alcohol or ether.
The Spirit Levels industry can be broken down into several segments, Standard Spirit Levels and Digital Spirit Levels.
Market Analysis and Insights: Global Spirit Levels Market
Due to the COVID-19 pandemic, the global Spirit Levels market size is estimated to be worth US$ 471 million in 2022 and is forecast to a readjusted size of US$ 572.3 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, Standard Spirit Levels accounting for % of the Spirit Levels global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Construction and Renovation segment is altered to an % CAGR throughout this forecast period.
The Asia Pacific is expected to be the fastest-growing market over the forecast period owing to extensive usage in the Construction and Renovation field. This can primarily be attributed to the considerable Chinese market, which contributes significantly to global volume as well as revenue generation. Although average selling prices are lower in the Asia Pacific, high demand is expected to result in sizable market revenue over the next five years.
For the Spirit Levels industry, the market is concentrated. EPRECT, STANLEY and Stabila are the leader companies globally. The 17 players listed in the report accounted for over 80% of the market.
In this study, the sales market for Spirit Levels was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with 39% in 2019. It is followed by Europe and North America.
The consumption of Spirit Levels is related to downstream industries and the global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Spirit Levels industry may not keep that fast. But it is surely forecasted that the market of Spirit Levels is still promising.

On the basis of product

type, Standard Spirit Levels type segment is projected to account for the largest consumption value market share during the forecast period; this segment was estimated to account for 60% share in 2019 in terms of consumption value. It is predicted that digital spirit levels will have larger market share because of the precision and convenience.
In the applications, Construction and Renovation segment was estimated to account for the highest market share of 66% in 2019. Metal and Wood Processing held 21% of the market.
In terms of production side, this report researches the Spirit Levels capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Spirit Levels by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Spirit Levels Scope and Segment
Spirit Levels market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Spirit Levels market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Standard Spirit Levels
Digital Spirit Levels
Segment by Application
Construction and Renovation
Metal and Wood Processing
Others
By Company
EPRECT
STANLEY
Stabila
Milwaukee
Bosch
Ningbo Great Wall
HULTAFORS Group
Kapro
SOLA-Messwerkzeuge GmbH
Land
GreatStar
TOVARNA MERIL KOVINE
Tajima
Bahco
KOD
BMI Messzeuge
Deli Tools
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE