PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1215478
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1215478
Global SCARA Robot Market is valued at approximately USD 9.40 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2022-2029. SCARA Robot or Selective Compliance Articulated Robot Arm Robot is a type of industrial robot used in assembly and pick & place applications across a wide range of industries such as Food & beverages, Pharmaceuticals, Automotive, and Electrical & Electronics among others. Moreover, SCARAs are four-axis robots and feature motion in the X-Y and Z planes, and a 360-degree rotational movement about the Z-axis. The growing automation across industries and rising focus on mass production with reduced operating costs as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The rising growth of industrial automation is driving the growth of the Global SCARA Robot Market. For instance - according to Statista - in 2020, the global industrial automation market was valued at USD 175 billion, and the market is projected to grow at a compound annual growth rate (CAGR) of 9 percent between 2021 and 2025 to reach a projected volume of USD 265 billion by 2025. Moreover, another factor accelerating the market growth is increasing deployment of SCARA robots across a wide range of industries. For instance, in February 2021 NuTec awarded the contract to Epson for deployment of Cleanroom SCARA robots for the automation of medical syringe manufacturing. Also, rising deployment of collaborative robots and growing integration of SCARA Robots with AI & IoT Technologies would create a lucrative growth prospectus for the market over the forecast period. However, the high deployment and maintenance cost of SCARA Robot stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global SCARA Robot Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing adoption of industrial robots across the pharmaceutical and automotive sectors in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising industrialization and increasing penetration of leading market players in the region.
Major market players included in this report are:
Seiko Epson Corporation (Japan)
Yamaha Motor (Japan)
YASKAWA (Japan)
Denso (Japan)
Staubli (Switzerland)
Mitsubishi Electric (Japan)
Kawasaki Heavy Industries (Japan)
ABB (Switzerland)
Toshiba Machine (Japan)
Comau (Italy)
Recent Developments in the Market:
Global SCARA Robot Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Payload Capacity, Application, End-Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Payload Capacity
Up to 5.00 kg
More than 15.00 kg
By Application
Material Handling
Assembling and dissembling
Wielding & Soldering
Dispensing
Processing
Others
By End-Use Industry
Automotive
Electrical & Electronics
Metals & Machinery
Food & Beverages
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable