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.
Learn More on SCARA Robots: https://www.alliedmarketresearch.com/scara-robot-market-A06048
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
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