The Global Theodolite Market is anticipated to reach US$ 456.7 Million in 2022 and expand at a CAGR of 6.1% from 2022 to 2032, according to FMI Analyst.
Theodolite is a type of land surveying equipment and the primary goal of theodolite is to analyze the current situation of any land/ground before starting any operation on it. Theodolite is utilized to measure horizontal and vertical angles. The accuracy range of theodolite is from 5mins to 0.1 sec. Theodolite is a very important instrument for plane surveying and is mainly utilized for, tracing points on a line, setting out grades, finding the difference of level, prolonging survey lines, ranging curves & tachymetric surveying. Generally, three types of theodolite are used for surveying including Vernier theodolite, electronic theodolite, and optical theodolite. Electronic theodolite is gaining traction in the market owing to its more accuracy and precision and also it shows results digitally. Electronic theodolite is expected to grow with a high growth rate among all three types of theodolite.
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Theodolite Market: Dynamics
Growing urbanization and increasing investment in urban infrastructure development projects is one of the key factors which is estimated to boost the growth of the global theodolite market. Moreover, in the recent past, the demand for land survey equipment such as total stations and digital theodolites, has significantly increased due to the increase in the number of residential and non-residential products. These products have enhanced optical quality and more features, which ensure precision. This factor will further attract land surveyors towards these products by initiating promising sales for the market. Governments across the globe are making investments to develop better public infrastructure such as railway stations and airports, in order to ensure better connectivity. For instance, the Government of India has finalized an investment of 109 Bn USD for the construction of highways and roads in the next five years, which is certainly going to impact the market of land surveying equipment. Moreover, the manufacturers are also focusing on the online retailing of Theodolite which helps in promotion as well as enhancement of the brand as well as increase the sales of the theodolite. However, easily availability of rental/lease theodolite, the sales of new products are expected to grow with a slow growth rate and the market will observe stagnancy over the forecast period.
Theodolite Market: Regional Overview
North America is projected to account for a prominent share in the global theodolite market owing to the high demand and use of theodolite in various residential and non-residential construction. The Asia Pacific is estimated to grow with a high growth rate over the forecast period due to growing investment in infrastructure projects which will boost the growth of the construction industry and also increases the sales of theodolite across the regions. China is expected to drive the growth of Asia Pacific as well as the global market owing to the growing construction industry and significant investment in urban areas. Japan is one of the prominent countries and holds a significant share in the market due to the presence of numerous key manufacturers in the country. Moreover, ASEAN and India are expected to grow a relatively high growth rate owing to increasing urbanization and government investments of urban infrastructure development projects. Furthermore, Europe, Latin America and Middle East & Africa are estimated to grow with a moderate growth rate over the forecast period.
Theodolite Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Theodolite market include:
- Trimble Inc.
- Topcon Corporation
- South Surveying & Mapping Technology CO., LTD
- Robert Bosch GmbH
- Horizon SG
- Hilti Group
- Hexagon
- EIE Instruments
- Changzhou Dadi Surveying Science & Technology Co., Ltd.
- Beijing Bofei Instrument Co., Ltd.
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