Global Total Station Market Research Report: Product Innovations to Impact Global Market Growth Positively

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Rockville, US, 2018-Jun-11 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of total station market. The study is titled as Total Station Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global total station market.

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As government in various countries are focusing on strategies to accommodate the low-income population, the need for constructing residential complexes continue to remain high in developing and developed countries. However, the constructors have continued to face significant challenges in terms of accuracy, budget, completion date, and construction space. Capitalizing on these factors, the leading manufacturers are focusing on integrating innovative solutions in the range of tools and equipment sued for construction such as theodolite and total stations. As conducting surveys during construction of the residential complexes comprises an important part of the construction, the leading construction companies are opting for total station equipment. Equipped with various technological advancements, the total station tools enable the end use industry to complete various analytical tasks within short time span, which makes construction of the buildings convenient.

In order to offer equipment for making accurate measurements, the leading manufacturers are increasingly incorporating advanced technological features such as sensor technology, surveying technology, and GPS system in the total stations equipment. As the need for grade checking and measurement, site positioning, and stakeout continues to remain high, demand for the total station tools that allow multiple tasking will continue to increase in the global market.

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More than US$ 1,100 Mn Opportunity in Global Total Station Market

According to Fact.MR, the global total station market is expected to reach a value of over US$ 1,100 Mn by the end of 2026. As the end user industries are looking for the equipment and tools that help in making accurate measurements, manufacturers are focusing on offering application specific products that enable the end users to complete multi tasks quickly. Collecting and storing information related to construction projects has also continued to remain a major challenge for the constructors. Growing need for storing important survey data for further analysis has led to surge in demand for the total station tools equipped with smart technological features such as survey and sensor technology. Incorporation of sensor technology in the total stations has helped the end users in tracking accurate data in terms of angle and distance. In order to offer tools and equipment that offer convenience to the end users while constructing buildings, the leading companies are focusing on product innovation and differentiation. While demand for the total stations is mainly concentrated on the development projects in the construction industry, meteorological industry, and mining industry, high cost of the total station tools and equipment will continue to hinder growth of the global market. Moreover, lack of training and awareness regarding the use of advanced technology will continue to hinder growth of the global market.

As the tools and equipment equipped with enhanced technology allows the end use industry to handle multiple tasks, demand for the robotic total stations will continue to remain high. By the end of 2026, the robotic total stations is projected to significant revenue growth in the global market. However, the manual total station products will continue to account for around one-third of the revenue share by the end of 2017. Throughout the forecast period, the construction industry is likely to remain a major end user in the global market, whereas the mining sector will emerge as the second largest end user.

Major market players operating in the global market include Hexagon, Topcon, South Group, Trimble, FOIF, EIE Instruments, Boif, Sanding, KOLIDA, TJOP, and Dadi.

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