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Robotic Total Station Market Sales to Generate $930.6 Million by 2026 at 6.4% CAGR: AMR

Rapid increase in construction industry, development in transport infrastructure, rise in defense expenditure and surge in manufacturing of defense equipment in the private sector propel the growth of the global robotic total station market

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Allied Market Research

09 Sep, 2019, 13:50 GMT

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PORTLAND, Oregon, Sept. 9, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Robotic Total Station Market by Type (0.5''-1'' Accuracy and 2''- Others Accuracy), Application (Surveying, Engineering & Construction, and Excavation), and End User (Construction, Utilities, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global robotic total station industry garnered $568.6 million in 2018, and is estimated to reach $930.6 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. The report also provides a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive landscape, and changing market trends.

Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/5636

Rapid increase in construction industry, development in transport infrastructure, rise in defense expenditure and surge in manufacturing of defense equipment in the private sector fuel the growth of the global robotic total station market. On the other hand, high set-up cost and periodic maintenance restrain the growth to some extent. However, increase in demand in the emerging economies, high investments in R&D and top-end advancements in technology are expected to create a number of lucrative opportunities in the segment.

The engineering and construction segment to lead the trail by 2026-

Based on application, the engineering and construction segment contributed to nearly three-fifths of the total robotic total station market share in 2018 and is expected to rule the roost by 2026. There is a growing trend of deploying robotic total station for survey that is conducted at the completion of the construction project to verify and check whether the construction is perfectly done. The same segment is also expected to grow at the fastest CAGR of 6.2% during the forecast period.

The construction segment held the largest share in 2018-

Based on end-user, the construction segment accounted for more than half of the total robotic total station market revenue in 2018 and is anticipated to maintain its dominance during 2019–2026. The growing demand for land surveying equipment such as robotic total station for precise measurements in various branches of construction industries has driven the growth of the segment. The transportation segment, on the other hand, is predicted to grow at the fastest CAGR of 6.1% by 2026. The fact that robotic total station is used for surveying the respective space or land to develop transport facilities in urban areas has led to an increase in demand for robotic total station in development of transport infrastructure.

Asia-Pacific, followed by North America, to retain the lion's share during the study period-

Based on geography, the Asia-Pacific region, followed by North America, garnered the major share in 2018, holding more than one-third of the total market. The region is characterized by a large population base and strong economic growth as compared to other regions. This factor has worked as the major driving factor for the growth of the robotic total station market in the region. At the same time, the LAMEA region would witness the fastest CAGR of 5.2% till 2026. Significant investment toward infrastructural development drives the growth of the market in the region.

Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/5636

Frontrunners in the industry-

  • Guangdong Kolida Instrument Co. (China)
  • Topcon Corporation (Japan), Hexagon (Sweden)
  • HILTE
  • Stonex
  • Suzhou FOIF Co. (China)
  • GPS Lands (Singapore) PTE LTD.
  • Trimble (US)
  • Changzhou Dadi Surveying Science & Technology Co. (China)

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Explore Similar Studies:

Service Robotics Market is Expected to Reach $34.7 Billion by 2022

Industrial Robotics Market Expected to Reach $70,715 Million, by 2023 

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

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