Global Total Station Market Production, Trends, Price, Revenue, Share, Growth and Forecast Until 2026

Rockville, US, 2018-Jan-31 — /EPR Network/ — A total station is an optical/electronic instrument is being used for mapping and surveying and for construction activities. Total station performs various functions including distance measurement, angle measurement, coordinate measurement, and data processing. Total station is gaining popularity across various sectors such as meteorology, construction, mining, agriculture, etc. Total stations are available in two forms one is manual total station and another is a robotic total station.

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According to the latest report by Fact.MR, the global total station market is expected to witness moderate growth, registering 4.1% CAGR during the forecast period 2017-2026. Owing to the introduction of advanced features in total station, the demand for total station is increasing in electrical and mechanical construction, mining, meteorology, etc. However, high cost and environmental conditions are hampering the growth of the global total station market. Moreover, total station market is cost sensitive, hence, making it difficult for manufacturers to provide it at competitive prices. Following are the insights on how the global total station market will perform in the coming years.

Highlights on Global Total Station Market

1. Asia Pacific Excluding Japan (APEJ) is expected to dominate the global total station market during the forecast period 2017-2026. Owing to the wide use of mapping and surveying technologies, and the on-going development of smart cities in countries such as India and China, the demand for total station is increasing in the region.
2. North America and Europe are also expected to witness growth during the forecast period 2017-2026. There has been an increase in the use of total stations that can be remotely operated and provide real-time data in North America. Technological advancements and highly skilled workforce are also contributing to the growth in the region.
3. The robotic total station is expected to be the highly preferred product in the global total station market during the forecast period. By the end of 2026, robotic total station is projected to surpass US$ 700 million revenue. The robotic total station is mostly preferred for big commercial and non-commercial projects. Factors such as reduced cost, increased speed, and precision are contributing to the growth of robotic total station.
4. A total station is expected to be largely used by construction sector. By the end of 2026, construction sector is projected to reach nearly US$ 800 million revenue. Meanwhile, mining sector is also expected to witness growth in the global total station market during the forecast period 2017-2026. Rise in infrastructure activities due to the growth in urbanization is driving the demand for total stations globally.

Robotic Total Station- Top-Selling Product

The robotic total station is likely to emerge as one of the top-selling products during 2017-2026. Robotic total station is estimated to create an incremental opportunity of more than US$ 200 million between 2017 and 2026. Meanwhile, manual total station is also likely to account for nearly one-third of the revenue share by 2017 end.

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APEJ to Remain Dominant in the Global Total Station Market

Asia Pacific Excluding Japan (APEJ) is likely to remain dominant in the global market for total station during 2017-2026. Smart cities development in countries such as China and India is driving the growth of total station in APEJ. Moreover, use of advanced technologies in surveying and mapping is also one of the factors fueling the growth of total station in the region. Meanwhile, Europe and North America are also likely to witness growth during 2017-2026.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global total station market through 2026, which include Topcon, Hexagon, Trimble, South Group, EIE Instruments, FOIF, Sanding, Boif, Dadi, KOLIDA, and TJOP.

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