DUBLIN--(BUSINESS WIRE)--The "SCARA Robot Market by Payload Capacity, Application, End Use, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global SCARA robot market size reached US$ 8.75 Billion in 2022. Looking forward, the market is set to reach US$ 15.25 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
The growing need for automation in various industries, rising sales of consumer electronics and automobiles, and the increasing utilization of SCARA robots for food processing, packaging, and palletizing represent some of the key factors driving the market.
SCARA robot exhibits optimal flexibility and can be easily reprogrammed to meet production needs and cycles. It is very versatile and aids in improving operational efficiency, increasing overall productivity, and generating accurate output. It is used for material handling, assembling and disassembling, welding and soldering, dispensing, and processing in various industries.
SCARA Robot Market Trends:
Rapid industrialization and the rising need for automation in different industry verticals represent one of the key factors positively influencing the market. There is a growing need for mass production with minimal operation costs, human efforts and errors, and high-quality production results. Additionally, the increasing traction of smart factory systems to meet the driving need for operational efficiency in assembly lines is favoring market growth.
Apart from this, the widespread product adoption in the electronics industry and the increasing sales of smartphones, laptops, computers, and televisions (TVs) is supporting the growth of the market. SCARA robots employed in electrical devices are programmed to control display screens, printed circuit boards (PCBs), and connectors.
The growing sales of autonomous vehicles are increasing its adoption in the automotive industry. Furthermore, the leading SCARA manufacturers are focusing on developing robots with more payload capacity due to the growing adoption of collaborative robots in the manufacturing industry. They are also extensively investing in research and development (R&D) activities to innovate more advanced robots with enhanced features.
Moreover, there is an increase in the utilization of these robots in the food and beverage (F&B) industry to perform various tasks, such as processing, palletizing, packing, and product inspection. SCARA robots are also employed in the pharmaceutical industry as they assist pharmacists in packing, stacking, and loading products and avoiding mistakes and contamination.
These robots also accelerate the production and packaging processes of pharmaceutical products with optimal accuracy. Besides this, advancements in technologies, including the integration of artificial intelligence (AI) and machine learning (ML) and extensive research and development (R&D) activities performed by leading industry players, are propelling the growth of the market.
Key Market Segmentation:
Payload Capacity Insights:
A detailed breakup and analysis of the SCARA robot market based on the payload capacity has also been provided in the report. This includes up to 5.00 KG, 5.01 KG to 15.00 KG, and more than 15.00 KG. According to the report, up to 5.00 KG represented the largest segment.
Application Insights:
The report has provided a detailed breakup and analysis of the SCARA robot market based on the application. This includes handling, assembling and disassembling, welding and soldering, dispensing, processing, and others. According to the report, handling accounted for the largest market share.
End Use Insights:
A detailed breakup and analysis of the SCARA robot market based on the end use has also been provided in the report. This includes electrical and electronics, automotive, metals and machinery, plastics, rubbers, and chemicals, precision engineering and optics, food and beverages, pharmaceuticals and cosmetics, and others. According to the report, electrical and electronics accounted for the largest market share.
Regional Insights:
Asia Pacific was the largest market for SCARA robot. Some of the factors driving the Asia Pacific SCARA robot market included rapid industrialization, rising automation, increasing sales of electronics, etc.
Key Questions Answered in This Report:
- How has the global SCARA robot market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global SCARA robot market?
- What is the impact of each driver, restraint, and opportunity on the global SCARA robot market?
- What are the key regional markets?
- Which countries represent the most attractive SCARA robot market?
- What is the breakup of the market based on the payload capacity type?
- Which is the most attractive payload capacity type in the SCARA robot market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the SCARA robot market?
- What is the breakup of the market based on the end use?
- Which is the most attractive end use in the SCARA robot market?
- What is the competitive structure of the global SCARA robot market?
- Who are the key players/companies in the global SCARA robot market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $8.75 Billion |
| Forecasted Market Value (USD) by 2028 | $15.25 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
Competitive Landscape:
- ABB Ltd
- Comau SpA (Stellantis N.V.)
- Delta Electronics Inc.
- DENSO Corporation
- Fanuc Corporation
- Kawasaki Robotics (USA) Inc. (Kawasaki Heavy Industries Ltd.)
- KUKA AG
- Nachi-Fujikoshi Corp.
- OMRON Corporation
- Seiko Epson Corporation
- Staubli Holding AG
- Yamaha Motor Co. Ltd
- Yaskawa America Inc
For more information about this report visit https://www.researchandmarkets.com/r/o09skf
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