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.
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.
View Forecast Highlights on Total Stations Industry: https://goo.gl/aHxbpL
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