QYR Research Report Market Survey and Research Industry Analysis
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A total station or total station theodolite (TST) is an electronic/optical instrument used in modern surveying and building construction. The total station is an electronic theodolite (transit) integrated with an electronic distance meter (EDM) to read slope distances from the instrument to a particular point. It is used to measuring distances, heights and angles to provide accurate position data.
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According to QYResearch, The global market for Total Station Theodolites is expected to reach about 1262.48 M USD by 2021 from 1033.22 M USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 5.54% during the analysis period, 2011-2021. In the coming years there is an increasing demand for Total Station Theodolites in the regions of US and Europe that is expected to drive the market for more advanced Total Station Theodolites. Increasing of construction expenditures, more-intense competition, launches in introducing new products, increasing of spending on heavy industry, retrofitting and renovation of old technology will drive growth in China markets.
Globally, the Total Station Theodolites industry market is concentrated as the manufacturing technology of Total Station Theodolites is relatively matures than some high-tech equipment. And some enterprises, like Hexagon, Topcon, Trimble, etc. are well-known for the wonderful performance of their Total Station Theodolites and related services. At the same time, China, occupied 37.28% sales market share in 2016, is remarkable in the global Total Station Theodolites industry because of their market share and raw material and labor cost.
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The sales of Total Station Theodolites are related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Total Station Theodolites industry may not keep that fast. But it is surely forecasted that the market of Total Station Theodolites is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
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