SCARA Robot Market by Payload Capacity, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026

Executive Summary

According to the report titled, 'SCARA Robot Market by payload capacity, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global SCARA robot market size was $7.10billion in 2018, and is projected to reach $14.78 billion by 2026, registering a CAGR of 9.8% from 2019 to 2026.

SCARA robot market is projected to depict a prominent growth during the forecast period, owing to various factors, such as growing need for mass production with reduced operation cost, surge in adoption of industry 4.0 and upsurge in demand for IoT-based smart solutions and automation in various industries for qualitative and reliable manufacturing.

SCARA robots are widely used in the food & beverage industry for several purposes including food processing, quick picking and packing tasks such as tray loading, bottle h andling, and others. In addition, SCARA robots are also used in the electrical & electronics industry to build and h andle display screens, connectors, and printed circuit boards (PCB).

Increase in shift toward digital transformation fuels the demand for IoT-based smart solutions and automation in various industries to adopt & enable new and autonomous capabilities. Most of the automation and smart solutions are used in industries to improve product quality, plant efficiency, and facilitate uniform production. Thus, increase in demand for IoT-based smart solutions is expected to drive the SCARA robot market growth during the forecast period. The demand for industrial automation is on the rise in various industries as it combines information technology with machine and systems to create smart manufacturing infrastructure. It st standardizes the manufacturing process and provides repeatable & consistent results with improved product quality. Moreover, the use of automation in industrial application has reduced human intervention in industrial process, which minimized the human errors and related problems.

The manufacturing industry players are focusing on increasing the efficiency of manufacturing process to achieve low cost and high-quality production results, which majorly drive the SCARA robot market. Furthermore, increase in demand for mass production in manufacturing industries also increases the demand for industrial application, as it resolves the quality control issue associated with mass production. In addition, it reduces production cost by producing large number of products in optimized time with high accuracy. Moreover, less human intervention reduces the labor cost, which in turn minimizes overall operational cost in the manufacturing process and drives the demand for this market. The various manufacturing industries focus to obtain safe, fast, and efficient production results, which boost the need for industrial application. Moreover, increase in adoption of industry 4.0 resolutions is projected to shape the future of manufacturing industries by st standardizing the processes. It is a digital transformation of manufacturing industries into smart industries. Thus, government is providing funds to industries for adoption of automation systems and enabling technologies in various emerging economies, which can improve industrial processes.

The key factor that drives the North American SCARA market are, the rise in need for automation. Companies are automating their processes at a rapid pace to meet the increasing market demand. In addition, rise in cost of manufacturing labor provides an impetus to the companies toward the adoption of robots. In addition, growth in the e-commerce industry presents opportunities for the market players. In addition, in Asia-Pacific, increase in adoption of automated systems in the growing food & beverage, logistics, pharmaceutical, and other sectors; improved & safe working conditions; and technological advancements foster the demand for packaging robots in this region. The Indian government emphasizes on safety and security on the production floor, which accelerates the growth of the robot market. The Asia-Pacific market is further supplemented by increase in demand in electronics, automobile, construction, and chemical industries.

For instance, China has witnessed rapid growth in the robotics industry. The country has been investing heavily and deploying 100,000 industrial robots to several industries. Growth in the logistics and electronics industry boosts the demand for industrial robots. For instance, in February 2018, Toshiba Machine Co., Ltd., launched a new THE400 SCARA Robot that combines high cost performance with easy operation and therefore, is used by numerous customers around the globe.

According toAnkit Prajapati, Lead Analyst, Semiconductors & Electronics, “The global SCARA robot market is expected to witness considerable growth, due to upsurge in demand for IoT-based smart solutions and automation in various industries for qualitative and reliable manufacturing. Various industry players are focusing on increasing the efficiency of manufacturing process to achieve low cost and high-quality production results, which majorly drive the SCARA robot market. Furthermore, increase in demand for mass production in manufacturing industries also increases the demand for industrial application, as it resolves the quality control issue associated with mass production.”

KEY FINDINGS OF THE STUDY

• Based on pay load capacity, the up to 5.0 kg segment generated the highest revenue in the global SCARA robot market in 2018.
• Based on application, the noise material h andling segment generated the highest revenue in the global SCARA robot market in 2018.

The key players profiled in the report Seiko Epson Corporation, Kawasaki Robotics, ABB, OMRAN Corporation, Mitsubishi Electric Corporation, KUKA AG, Fanuc Corporation, DENSO Corporation (DENSO Robotics), Yaskawa Electric Corporation, and Stäubli International AG. These key players adopted several strategies such as, new product launch and development, acquisition, partnership, collaboration, and business expansion to increase the global SCARA robot market share.

Companies Mentioned

• Seiko Epson Corporation
• Kawasaki Robotics
• ABB
• OMRAN Corporation
• Mitsubishi Electric Corporation
• KUKA AG
• Fanuc Corporation
• DENSO Corporation (DENSO Robotics)
• Yaskawa Electric Corporation
• Staubli International AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.