|
Home | Search Global IT News:
|
|
|
|
|
IT News & Press Release Distribution:
|
|
|
(IT-NEWSWIRE.COM, November 11, 2021 ) The report "SCARA Robot Market by Payload Capacity (Up to 5.00 kg, 5.01–15.00 kg), Application (Handling and Assembling & Disassembling), Industry (Automotive, Electrical & Electronics, Metals & Machinery, Food & Beverages), and Geography - Global Forecast to 2024 ", is expected to grow from USD 6.4 billion in 2019 to USD 10.4 billion by 2024, at a CAGR of 10.3%. Due to the growing need to reduce human efforts and errors in production process across the world, the demand for SCARA robots is increasing; which is one of the key factors driving the growth of SCARA robot market. Another driver for the SCARA robot market includes increasing adoption of SCARA robots in the electronics industry.
Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21986202
Handling application to hold largest share of the SCARA robot market during the forecast period
SCARA robots have high speed, ruggedness, and durability and operate in a cylindrical work envelop. Thus, SCARA robots are preferred by manufacturers for many handling tasks such as pick and place, palletizing, loading and unloading, packaging, and machine tending, which, in turn, is expected to drive its market for handling applications.
Precision engineering and optics industry to grow at highest CAGR during forecast period
The precision engineering and optics industry involves the use of optical technologies, laser technology, optoelectronics, digital imaging or optical communications and measuring technology, and medical technology. This industry includes error-proofing processes in which SCARA robots can be adopted for performing tasks such as assembly validation, package validation, marking verification, label verification, orientation check, over flash detection, and stud and threaded weld nut check. This is expected to propel the demand for SCARA robots in the precision engineering and optics industry.
APAC to hold largest share of the SCARA robot market during the forecast period
APAC is expected to hold the largest share of the SCARA robot market in 2019 and is projected to dominate the market during the forecast period. Rapid increase in labor costs and decline in labor pool in the region and increased focus of various governments for research and development in industrial automation are the key factors driving the market growth of SCARA robots in APAC.
Major players in the SCARA robot market include Seiko Epson (Japan), Yamaha Motor (Japan), Denso (Japan), YASKAWA (Japan), Stäubli (Switzerland), Kawasaki Heavy Industries (Japan), ABB (Switzerland), Mitsubishi Electric (Japan), Toshiba Machine (Japan), and Comau (Italy). Apart from these, ADTECH (China) and GOOGOLTECH (China) are a few emerging companies in the SCARA robot market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Information Technology (IT) Advertisement
|
|
|
|
|
Information Technology Sponsors
|
|
|
|
|
