SCARA Robots Market is anticipated to grow at a CAGR of 9.8% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “SCARA Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global SCARA robots market accounted for over US$ 6.0 billion in 2019. It is anticipated to grow at a CAGR of 9.8% from 2019 to 2030.
The continual growth of the SCARA robots market can be attributed to several factors including the fact that these robots help to lower the operational costs of production process. Moreover, increasing need for reducing errors in operational process is leading to an increase in the demand for such machines. With the use of SCARA robots, errors are reduced as once the process is set these robots precisely repeat similar cycles. Such factors are anticipated to further contribute to the growth of the global SCARA robots market between 2019 and 2030. However, the high cost of these robots is hindering the market growth to a certain extent.
Technological advancements in robotics and the focus of prominent players on launching new robots having better precision & lowering operational costs are anticipated to drive the SCARA robots market. For instance, in 2019, Epson America, Inc., launched 4 new robots – the LS3-B, LS6-B, LS10-B, and LS20-B, having improved features such as faster cycle times, built-in camera cable for easy vision system setup, a lower cable duct profile, new top-of-arm layout for enhanced usability, suitability for hard-to-reach work cell layouts, and battery-less encoding to minimize downtime and reduce the overall cost.
Moreover, rising investments by private and government organizations in the robotic & automation sector are further propelling market growth. According to the International Federation of Robotics (IFR), robot investments have reached US$ 16.5 billion. Robot installations in the U.S. increased in 2018 and have reached about 40,300 units. These installations are mainly driven by automotive industries. Thus the rising demand of SCARA robots in automotive industries, owing to benefits such lowering the operational time and fewer errors in the manufacturing process are anticipated to boost the SCARA robots market during the forecast period.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, SCARA Robots Market by Payload Capacity (Up to 5.00 kg, 5.01–15.00 kg, and More Than 15.00 kg), Application (Handling, Assembling & Disassembling, Welding & Soldering, Processing, and Dispensing), End Use Industry (Electrical & Electronics; Automotive; Plastics, Rubbers, & Chemicals; Metals & Machinery; Pharmaceuticals & Cosmetics; Precision Engineering & Optics; and Food & Beverages) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/SCARA-robots-market/270
However, high installation costs even for low volume production might act as a restraining factor for market growth. Moreover, the lack of skilled professionals that can handle the installation & maintenance may hinder market growth to a certain extent.
Asia-Pacific dominated the SCARA robots market in 2018, with growth centered in China, Japan, the Republic of Korea, and India. According to IFR (International Federation of Robotics), in 2018, China held the world´s largest industrial robot market with a share of 36% of the total installations. Moreover, India is expected to grow at the highest CAGR during the forecast period.
Some of the prominent players in the global SCARA Robots market include Epson America, Inc., Yamaha Motor Co., Ltd., DENSO WAVE INCORPORATED., Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Delta Electronics, Inc., ABB, YASKAWA ELECTRIC CORPORATION, FANUC America Corporation, and Stäubli International AG., among others.
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