Growth in need for mass production with reduced operation cost, surge in adoption of industry 4.0 and enabling technologies industries, increase in demand for IoT-based smart solution & automation in several industries for qualitative and reliable manufacturing drive the growth of the global SCARA robot market. However, high expenditure associated with implementation of SCARA robots hampers the market growth. On the contrary, rise in application areas of collaborative robots and increase in demand for automation in Asian countries are expected to create lucrative opportunities in the near future.
Material handling segment dominated the market
By type, the material handling segment held the largest share in 2019, contributing to nearly one-third of the global SCARA robot market, due to growth in electrical, food & beverages, and electronics sectors. However, the assembling and disassembling segment is expected to register the fastest CAGR of 12.6% during the forecast period, owing to high growth in the electronic industry that demands SCARA robots for high-speed assembly task.
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Pharmaceuticals segment to portray the fastest CAGR by 2026
The pharmaceutical segment is expected to manifest the highest CAGR of 13.1% through 2026, owing to increased demand from the pharmaceutical industry to reduce repetitive tasks, save workers for hazardous environments, and reduce training overhead. However, the electrical and electronics segment held the largest share in 2019, accounting for nearly one-third of the global SCARA robot market, due to high robot investment in production automation, retooling for new production process, and performing the handling operations in the industry.
Europe held the lion's share, followed by Asia-Pacific and North America
The market across Europe, followed by Asia-Pacific and North America, dominated in 2019, contributing to more than one-third of the market. However, the global SCARA robot market across Asia-Pacific is expected to portray the fastest CAGR of 11.9% during the forecast period, owing to high adoption of robotics technology in small & medium enterprise and rise in investments in education and research infrastructure.
Major market players
- Seiko Epson Corporation
- ABB
- OMRAN Corporation
- Kawasaki Robotics
- KUKA AG
- Mitsubishi Electric Corporation
- DENSO Corporation (DENSO Robotics)
- Fanuc Corporation
- Stäubli International AG
Yaskawa Electric Corporation
SCARA Robots Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/7296 UpMarketResearch offers a latest published report on “Global SCARA Robots Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
In this report, global Industrial Robot Market will reach 17545 Million USD by the end of 2022 with a CAGR of 12.17% The global Industrial Robot market is valued at 8807 Million USD in 2016 and will reach 17545 Million USD by the end of 2022, growing at a CAGR of 12.17% during 2016-2022.
Articulated robots accounted for the highest proportion in output share, with a figure of 56.19% in 2017, followed by SCARA robots, account for 20.31%.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-industrial-robot-market-research-report-2020/request-sample The consumption market share of global Industrial Robot in automotive, electrical & electronics, chemical & rubber & plastic, metal & machinery, food & beverages & pharmaceuticals and others has been stable year by year, at 40.11%, 22.45%, 6.31%, 12.60%, 5.40% and 13.14% respectively in 2017, and for several consecutive years, the amplitude was within 2 percent.
China has surpassed Japan as the largest market of industrial robots since 2013, and sold 86,415 units in 2016.
Europe is the second market, and sold 56414 units in 2016, while 30457 units sold in United States, 36241 units sold in Japan, 42151 units sold in Korea, 7614 sold in Taiwan and 2445 sold in India in 2016.
FANUC is the largest company in the global Industrial Robot market, accounted for 17.4/% of the revenue market share in 2017, followed by followed by Yaskawa, ABB and KUKA, accounted for 14.8%, 11.5% and 11.1% of the revenue market share in 2017.The top four producers account for more than 50% of revenue.
The wafer handling automation is not a new field; it is known for many years, but several years ago, only the manual strategies were used to increase the performance of the semiconductors.
Due to the latest technologies and new innovations, the leading manufacturer of wafer handling robots, Kensington Labs, has shown considerable interest in providing the customized services of automated and unique products such as SCARA Robots, pre-aligners, precision control motion stages, ADOs.
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The team is building a robotics platform for developing the next generation of intelligent robots.
SCARA Robots in Food and Beverages Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/7300 UpMarketResearch offers a latest published report on “Global SCARA Robots in Food and Beverages Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
