Global Geotechnical & Structural Monitoring Instruments market will reach 740.53 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/10/21

According to our research, the global Geotechnical & Structural Monitoring Instruments markets has a total value of 281.88 M USD back in 2014, and increased to 424.78 M USD in 2018. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Geotechnical & Structural Monitoring Instruments markets can be 740.53 M USD by 2024, with a CAGR of 9.71% from 2018 to 2024.

North America was the largest market with value share of 32.7% in 2014 and 31.84% in 2018 with a CAGR of 10.06%. Europe ranked the second market with the market share of 28.44% in 2018.

Geotechnical & Structural Monitoring Instruments companies are mainly from Europe and United States, and the top three companies are Leica Geosystems AG (Hexagon), Nova Metrix and Geokon, with the revenue market share of 22.58%, 16.92% and 7.70% in 2018.

Some of the prominent participants in this market are Leica Geosystems AG (Hexagon), Nova Metrix, Geokon, Aimil, Geosense, Sisgeo, RST Instruments, Measurand, Marmota Engineering, Mine Design Technologies and Geocomp Corporation, etc.

The Geotechnical & Structural Monitoring Instruments market has been increased in accordance with the development of whole economy, industry and consumer awareness. However, with the macroeconomic is slowing down, the increase rate of Geotechnical & Structural Monitoring Instruments is also slowing. But the emerging market is still the potential market of the industry, so some of the companies are laying-out their business in the emerging market. What more, there are some problem to be solved ahead, such as the homogenization of the fierce competition, the low price competition, the talents shortage in the process of the company’ expansion, the channel building through the internet and so on.

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