Global Total Station Market size was valued at US$ 1.68 Bn. in 2021 and the total revenue is expected to grow at 5.1 % through 2022 to 2029, reaching nearly US$ 2.50 Bn.
Total Station Market Overview:
The Total Station market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Total Station Market as well as the factors influencing regional variations in the growth of the sector.
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Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Drivers:
As there is a growing need for accurate and timely land surveying, the total station market will grow. The concurrent acceleration of many nations' urbanisation and development trends is a crucial factor. Due to the increased development of buildings, roads, bridges, and other infrastructure, the total station market income will increase quickly. Additionally, during the period of the forecast, the market will be fueled by the initiatives of the top players in the sector.
The total station is also used for geotechnical monitoring, which includes setting up a solid foundation above ground and building underground structures like tunnels. Their widespread use in transportation applications, which measure vertical and horizontal alignment coordinates, is a driving force behind the growth of the total station market.
Segmentation:
The manual and robotic subsectors of the global total station market are determined by type. In 2021, the segment based on robots had the largest market share. An electronic distance metre and an electronic theodolite are both included in a robotic total station. A storage system, an electronic data collector, and a CPU make up this three-part system. A robotic total station has the ability to process data, measure coordinates, track objects, and measure angles. The robotic total station is anticipated to be among the most well-liked products during the forecast. Robotic total stations were valued at US$ 982.4 million in 2021 for the forecasted period. Additionally, it is anticipated that manual total stations will make up about 35% of total stations by the end of 2021.
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Key Players:
To identify the market's leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the significant thought leaders and subject matter experts that are included in the primary study's in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The Total Station market is dominated by the following businesses:
• Changzhou Dadi Surveying Science & Technology Co
• Suzhou FOIF Co
• Hexagon (Leica Geosystems)
• Survey Instruments Services
• Hi-Target Surveying Instrument Co
• Guangdong Kolida Instrument Co
• Maple International Instrument
• North Group
• Trimble
• Topcon Corporation
• Kara Company
• Axis- GPS and Surveying Instruments
• Kwipped
• Celtic Surveys
• Ti Asahi Co. Ltd
• Advanced Surveying Instruments India Pvt. Ltd
• GENEQ Inc
• Stonex
• Leica Geosystems
• Primera Indosurvey, Inc.
• WB SURVEYOR Co., Ltd
• Shanghai Galaxy International Trade Co., Ltd.
• Beijing TIME High Technology
Regional Analysis:
The regional market research analysis for Total Station also covers particular market driving forces and changes in market laws affecting current and future market trends. Current and upcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to establish a better foundation. The appraisal of the geographic market is built on the basis of the current environment and expected tendencies.
COVID-19 Impact Analysis on Total Station Market:
Due to a halt in operations, the growth of end-user industries using Total Station decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Total Station manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market's expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Total Station has been severely decreased.
Key Questions Answered in the Total Station Market Report are:
- Which market segment accounted for the most percentage of Total Station in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Total Station market's growth?
- Which region dominates the Total Station market in terms of market share?
- What will be the market's expected CAGR from 2022 to 2029?
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