The report titled Selective Compliance Assembly Robots Arms (SCARA) Robots Analysis which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis 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) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst 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 Selective Compliance Assembly Robots Arms (SCARA) Robots Analysis Products.
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The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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.
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
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Selective Compliance Assembly Robots Arms (SCARA) Robots Analysis by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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