Lucintel Forecasts the Global Theodolite Market to Reach $1 Billion by 2030
Lucintel Forecasts the Global Theodolite Market to Reach $1 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global theodolite market looks promising with opportunities in the construction, oil & gas, mining, and agriculture markets. The global theodolite market is expected to reach an estimated $1 billion by 2030 at a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growth of robotics and automation in construction and surveying, rising demand for compact, lightweight, and portable theodolites, and rapid rate of urbanization and the growing attention given to smart city projects across different regions.
A more than 150-page report to understand trends, opportunity and forecast in global theodolite market to 2030 by type (optical theodolites, electronic theodolites, and vernier theodolites), application (construction, oil & gas, mining, agriculture, and others), sales channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that optical theodolite is expected to witness the highest growth over the forecast period because it is used mostly for surveying purposes, but they can also be used to level the ground, measure bearing angles, and determine how tilted a surface is (seismic survey, leveling).
North America will remain the largest region over the forecast period due to existence of major players in the region and the growing demand for construction & surveying applications in the region.
Hexagon, Topcon, EIE Instruments, Hilti Group, Trimble, Robert Bosch, Horizon, Beijing Bofei Instrument are the major suppliers in the theodolite market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056