Growth Of EMEA SCARA Robotics Market To Be Driven By Demand For Automation Across Industries By A CAGR Of 7.45% Throughout 2019-27

Research Nester has released a report titled "EMEA SCARA Robotics Market - Regional Demand Analysis & Opportunity Outlook 2027" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.

International Federation of Robotics (IFR) in one of their statistics estimated that annual shipments of multipurpose industrial robots to Germany will reach 26, 000 number of units in the year 2021 from 20, 074 number of units in the year 2016, growing at a growth rate of 1.30x.

The statistics portray the growing annual shipments of multipurpose industrial robots arising on the back of increasing deployment of robots across end user industries. Owing to factors such as integration of artificial intelligence with robotic technology, such as, machine learning, automation and computer vision among others, rapid development in the automation processes in industries in regards to the deployment of SCARA robots are being observed.

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SCARA robots are further known to benefit manufacturing industries by minimizing man made efforts as well as increasing automated detections of sensory inputs and others, which is also anticipated to drive the growth of the EMEA SCARA robotics market.

The EMEA SCARA robotics market is anticipated to record a CAGR of 7.45% during the forecast period, i.e. 2019-2027. The market is segmented by sub system into hardware, software and services. Among these segments, hardware segment is anticipated to hold a significant market share of around 44% in the year 2018 and is also expected to reach a CAGR of 9.28% over the forecast period. The growth of the segment is driven by increasing demand for deployment of SCARA robots for the automation of work processes across end user industries.

The market is further segmented by axis type into 4-Axis, 5-Axis and others. Among these segments, 4-Axis segment is anticipated to hold the largest market share of around 85% in the year 2018 and is expected to achieve a CAGR of 7.50% during the forecast period. The growth of the segment is driven by the various factors offered by the robots, for instance, high speed & repeatability, compact & space saving design, and large load handling ability among others.

The EMEA SCARA robotics market is also further segmented by application into transport, packaging, assembly, inspection and others. Among these segments, transport segment is anticipated to hold the largest market share of around 39% in the year 2018. The growth of the segment is driven by the ability of the robots to perform pick-and-place operations as well as palletization operations effectively in the various processes inside the transportation industry.

However, rising concern for lack of skilled persons for operating the robots, coupled with high end product cost and high initial deployment costs, are some of the factors expected to operate as key restraints to the growth of the EMEA SCARA robotics market during the forecast period.

This report also studies existing competitive scenario of some of the key players of the EMEA SCARA robotics market, which includes profiling of Mitsubishi Electric Corporation (TYO: 6503), Toshiba Machine Co., Ltd. (TYO: 6104), KUKA AG (ETR: KU2), Staubli International AG, Comau SpA, Yaskawa Electric Corporation (TYO: 6506), Seiko Epson Corporation (TYO: 6724), ABB (NYSE: ABB), Yamaha Motor Co. Ltd. (TYO: 7272), and Fanuc Corporation (TYO: 6954).

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "EMEA SCARA Robotics Market - Regional Demand Analysis & Opportunity Outlook 2027", analyses the overall EMEA SCARA robotics industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the EMEA SCARA robotics market in the near future.

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