A laser-based magnet measurement system has been developed to measure the magnetostrictive strain of large cylindrical samples. The measurement system incorporates a solenoid capable of generating a maximum magnetic field intensity of 3000 Oe and a laser displacement sensor. For calibration and evaluation purposes, the positive magnetostrictions of two different types of giant magnetostrictive Tb–Dy–Fe-based materials were accessed with this system. A magnetostrictive strain of 622 ppm was obtained at 3000 Oe for TbxDy1-xFe2-y, compared with 725 ppm for Tb0.27Dy0.73Fe2. A rod of sintered cobalt ferrite was also measured. This exhibited negative magnetostriction, with a maximum contraction of 260 ppm at 3000 Oe.