PUBLISHER: The Business Research Company | PRODUCT CODE: 1252866
PUBLISHER: The Business Research Company | PRODUCT CODE: 1252866
“SCARA Robot Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on scara robot market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for scara robot? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The scara robot market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the SCARA robot market are: Epson America Inc., Yamaha Motor Co. Ltd., The Yaskawa Electric Corporation, DENSO EUROPE B.V., Staubli International AG, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, Toshiba Machine Pvt. Ltd., ABB India Ltd., OMRON Corporation, Nachi-Fujikoshi Corp, FANUC America Corporation, Hirata Corporation, DURR Group, KUKA AG, Hiwin Corporation, Comau India Private Limited, JANOME Corporation, Googol Technology Ltd., Asic Robotics AG, Adtech Shenzhen Technology Co. Ltd., Delta Electronics Inc., FISNAR, Japan Unix Co. Ltd., Gridbots Technologies Private Limited, and Universal Robots (india) Private Limited.
The global scara robot market grew from $7.89 billion in 2022 to $9.06 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The scara robot market is expected to grow to $15.54 billion in 2027 at a CAGR of 14.4%.
The SCARA robot market consists of sales of 3-axis SCARA robot and 4-axis SCARA robot. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
SCARA stands for selective compliance assembly robot Arm. It is an industrial robot with arm-shaped and exact human hand motions that are highly reliable, accurate, and fast in a compact design. This makes the robot suitable for assembly lines and production systems. The SCARA robot is used in various industries such as packaging, manufacturing, assembling, and others where pick-and-place or assembly operations with high speed and high accuracy are required.
Asia-Pacific was the largest region in the SCARA Robot market in 2022. North America was the second largest region of the SCARA Robot market. The regions covered in the SCARA robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of SCARA robots are hardware, software, service, testing, training, and maintenance. The different payload capacities include up to 5.00 kg, 5.01-15.00 kg, and more than 15.00 kg. The SCARA robot payload capacity of up to 5.01-15.00 kg is used in the assembly, packaging, lifting, and other operations. The SCARA robots, with a play load capacity of 5.01-15.00 kg, are capable of lifting moderate weights in the assembly lines for speed operation and high load performance. The different applications include handling, assembling and disassembling, welding and soldering, dispensing, processing, and others, and are employed in electrical and electronics, automotive, metals and machinery, plastics, rubbers, and chemicals, precision engineering and optics, food and beverages, pharmaceuticals and cosmetics, and other industries.
The increase in the adoption of automation in industries is expected to propel the growth of the SCARA robot market going forward. Industrial automation refers to the use of control systems, such as computers or robots, and information technology for managing various processes and machinery in an industry to replace a human being. In recent years, many industries have adopted SCARA robots to achieve maximum automation and efficiency in operations. Integration of SCARA robots into manufacturing industries provides the advantage of improving productivity, quality, and safety of workers by reducing errors and waste, along with adding flexibility to the manufacturing process. For instance, according to the Manufacturing Today India article, an India-based manufacturing news agency, it is estimated that by 2050, approximately 85-90% of manufacturing firms in India will adopt automation in operations. Therefore, the increase in the adoption of automation in industries is driving the growth of the SCARA robot market.
Technological advancement is the key trend that is gaining popularity in the SCARA robot market. Major companies operating in the SCARA robot market are focused on developing new technological solutions that could provide better solutions and services to various industries to optimize their business operations and strengthen their position. For instance, in June 2022, Epson America, Inc., a US-based company operating in industrial robot design and manufacturing, launched its advanced SCARA robots known as Epson GX4 and GX8 SCARA Robots with Gyro sensor technology to meet high-end automation needs in manufacturing. Gyro sensor technology, or angular velocity, is used for maintaining and measuring the orientation of objects in the assembly lines for pick and lift applications in precision manufacturing. Epson GX4 and GX8 SCARA Robots are capable of achieving ultra-high precision in various manufacturing tasks such as assembly, pick and place, handling of small and delicate parts, and others that make them ideal for medical devices, electric and electronic, and consumer electronics industries.
In March 2022, Bosch Rexroth AG, a Germany-based company operating in SCARA robots, acquired Kassow Robots for an undisclosed amount. Through this acquisition, Bosch Rexroth AG aims to strengthen its product portfolio of industrial robots that use artificial intelligence and 5G technology to increase productivity in manufacturing firms. Kassow Robots is a Denmark-based company that specializes in the manufacturing of SCARA robots.
The countries covered in the SCARA robot market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The SCARA robots market research report is one of a series of new reports from The Business Research Company that provides SCARA robots market statistics, including SCARA robots industry global market size, regional shares, competitors with SCARA robots market share, detailed SCARA robots market segments, market trends and opportunities, and any further data you may need to thrive in the SCARA robots industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.