SCARA Robot Market: Current COVID-19 Impact and Future Industry Analysis 2027| Seiko Epson Corporation, Kawasaki Robotics, ABB, OMRAN Corporation

As per the report published by Allied Market Research, the global SCARA robot market accounted for $7.70 billion in 2019 and is projected to garner $14.78 billion by 2026, growing at a CAGR of 9.8% from 2019 to 2026.

The Global SCARA robot market report covers and explains a detailed analysis of the market segmentation, size, share, growth, trends and competitive landscape. According to the report the market is expected to register a considerable market growth by 2027. The impact of COVID-19, makes it important for the stakeholders to understand the SCARA robot industry. The report also describes and analyzes the growth of the SCARA robot market strategies.

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SCARA robot market has grown rapidly over the past few years. Digital transformation projects across verticals witnessed huge uptake and are also expected to contribute further in the near future. SCARA robot market gains popularity in various industries including IT & telecom, BFSI, and healthcare, owing to its supreme benefits such as high-speed random access of data and low power consumption.

Key Players:
Seiko Epson Corporation
Kawasaki Robotics
ABB
OMRAN Corporation
Mitsubishi Electric Corporation
KUKA AG
Fanuc Corporation
DENSO Corporation (DENSO Robotics)
Yaskawa Electric Corporation
Stäubli International AG
Key Segments:

The global SCARA robot market is divided on the basis of payload capacity, application, industry vertical, and geography. Based on payload capacity, the market is categorized into up to 5.0 kg, 5.01 to 15.0 kg, and more than 15.0 kg.

On the basis of application, the market is segmented into material handling, assembling and dissembling, wielding & soldering, dispensing, processing, and others. The assembling and disassembling segment would manifest the highest CAGR of 12.6% during the forecast period. On the other hand, the material handling segment dominated the market in 2019, holding nearly one-third of the total revenue.

Based on industry vertical, the global market is bifurcated into electrical & electronics, automotive, food & beverages, pharmaceuticals, metal & machinery, and others. The electrical & electronics segment contributed the highest share in 2019, accounting for nearly one-third of the market. However, the pharmaceutical segment is projected to portray the fastest CAGR of 13.1% during the forecast period.

The global SCARA robot market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is expected to manifest the highest CAGR of 11.9% during the forecast period. However, the market across Europe held the largest share in 2019, accounting for more than one-third of the market.

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The Report Answers the Following Key Questions
Which are the leading market players active in the SCARA robot market?
What would be the detailed impact of COVID-19 on the SCARA robot market size?
How current SCARA robot market trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the SCARA robot market?
What are the projections for the future that would help in taking further strategic steps

Key Benefits to the Stakeholders
The report provides a qualitative and quantitative analysis of the current SCARA robot market trends, forecasts, and market size from 2020 to 2027 to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the SCARA robot industry.
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Get Full TOC of SCARA Robot Market:

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Porter’s five forces analysis
3.3. Patent analysis

3.3.1. By region (2012-2019)
3.3.2. By applicant

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Growth in need for mass production with reduced operation cost
3.4.1.2. Surge in adoption of industry 4.0 and enabling technologies industries
3.4.1.3. Upsurge in demand for IoT-based smart solutions and automation in various industries for qualitative and reliable manufacturing

3.4.2. Restraint

3.4.2.1. High expenditure associated with implementation of SCARA Robots

3.4.3. Opportunity

3.4.3.1. Increase in application areas of collaborative robots
3.4.3.2. Rise in demand for automation in Asian countries such as China and Japan

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David Correa
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