In a recent published report, Kenneth Research has updated the Global SCARA Robots Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global SCARA Robots Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
The shipment for the Global SCARA Robots Market was estimated to be 36,263 units in 2014 and is anticipated to have moderate growth over the forecast period.
Growing demand for automation for increasing the efficiency and reducing the manual labor is expected to enhance the industry growth. The ability of the SCARA robots to perform function in multiple dimensions enables the robots to perform various tasks which include sealing, material-handling, welding, assembling, cutting, picking, spraying and painting, and machine tending.
Increasing need for assembling and material handling in process line in the automotive industry has enhanced the persistent demand for the robots. SCARA robots offer high speed abilities, and require minimum operation space. The robot demand is growing exponentially with the enormously growing electronics and automotive industry, since these robots need less maintenance costs positively impacting the industry.
The extreme competition of the robots with the Cartesian robots and articulated robots has led to the development of SCARA robots. Since, high competition in the robots industry has led the vendors to investigate the opportunities and hence, increasing the R&D activities for developing more cost effective products.
Increasing robots demand for palletizing also one of the major driver positively influencing the market growth. These robots are employed for performing mechanical operations such as packaging or stacking items on pallets or surfaces. Growing investment in food &beverage, electronics and electrical industries and increasing application in semiconductor industries and in other segments such as ceramics and stone, paper, textile, optical and printing in Asia Pacific region has enormously contributed to the market growth.
Based on the end user, the market is categorized into Electrical and Electronics industry, Automotive industry, Rubber and Plastic industry, Food & Beverage industry, Heavy machinery industry, Metal industry and others. The robots market in food & beverage industry is anticipated to grow steadily over the forecast period owing to the preference of articulated robots over SCARA robots for ease of pick and place applications in EMEA and North America regions.
Asia Pacific region is projected to acquire the major share of the market owing to the increasing FDI in electrical and electronics and automotive industries in Japan, China and India. Additionally, favoring government initiatives for influencing the end-users for selecting the robotic solutions in their manufacturing processes and for increasing the investment opportunities will also benefit the market. The rubber and plastic industry is projected to gain traction in Latin America and Asia Pacific region owing to the falling production cost and improving logistical connections.
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Key industry players include EPSON Robots, Adept Technology, Kuka, Yamaha Robotics, Toshiba Machine, Omron Adept Technologies and Staubli Robotics. The SCARA robots market is characterized by the presence of diversified regional, international, and local vendors. Various local and regional vendors offer high level of customization at a very low price comparative to international vendors.
The new competitors emerging find it difficult to survive in terms of features, quality and functionalities owing to the high competition in the market. The competitive environment in the market is expected to intensify with the increase in product extensions, better services, technological innovations, and mergers and acquisitions during the forecast period.• Europe: Germany, France, UK, rest of Europe
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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