Global Total Stations Market 2021-2027

Total stations are increasingly gaining popularity in a range of applications such as transportation, utilities, mining, construction, agriculture, oil and gas, and others owing to its capability to offer angle measurement, coordinate measurement, distance measurement, and data processing with accuracy as well as reliability. Total stations are an integral component in topographic surveys, road and corridor surveys, general land surveys, volumetric surveys, utility design surveys, infrastructure surveys, power/pipeline line inspections, forensic investigations, and others.

According to a market report published by Bizwit Research & Consulting, LLP, global total station market is valued approximately USD 1.56 billion in 2020 and is anticipated to grow with a healthy growth rate of nearly 5.98% over the forecast period 2021-2027.

Surging demand from construction industry, advanced robotic total stations, use of total station in rail infrastructure, and constant improvements in analysis software are some of the factors that are expected to significantly contribute towards the growth of global total station market during the forecast period. In addition, technological advancement and growing public investments for infrastructural developments provides lucrative growth opportunities to the market. However, high cost and availability of substitutes expected to hamper the market growth.

Surging demand of total stations from the construction industry is expected to promote the market growth during the forecast period. Total stations are impacting construction industry due to rapid urbanization and growing population which has led to the need for more chiefly transportation infrastructure, roads, underground railway system, bridges, highways and more. Consequently, the use of total stations will be increased with the increasing demand for construction industry. According to Statista, the total construction sector spending across the globe is expected to increase from USD 9.5 trillion in 2014 to approximately USD 19.2 trillion by 2035. Such growth in the construction spending across the globe is expected to increase the demand and adoption of total stations and is likely to have a positive impact on the growth of global total station market in the forecast period.

Global Total Station Market Size study, by Offering (Hardware, and Services), by Type (Manual Total Station, and Robotic Total Station), by Application (Construction, Agriculture, Oil and Gas, Mining, Transportation, Utilities, Forensic Investigation, and Others), and Regional Forecasts 2021-2027  

Global total station market is segmented on the basis of offering, type and application. The total market revenue is calculated on the basis of revenue generated through the sales of total stations. However, any revenue generated through the repair and maintenance is excluded from the report. Major companies covered under the report include Hexagon AB, Trimble Inc., Topcon Corporation, Suzhou Foif Co., Ltd., Stonex SRL, South Surveying & Mapping Technology Co., Ltd., Guangdong Kolida Instruments Co., Ltd., Hi-Target, Horizon SG, and TI Asahi Co., Ltd. Other popular regional players across various countries are also considered for revenue calculation.

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