USD 10.17 billion
Report ID:
SQMIG20I2170 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
125
|Figures:
77
SCARA Robot Market size was valued at USD 11.17 Billion in 2023 and is poised to grow from USD 12.32 Billion in 2024 to USD 26.37 Billion by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032).
Selective Compliance Assembly Robot Arm or Selective Compliance Articulated Robot Arm (SCARA) robots are highly popular in industrial applications. High accuracy and speed coupled with low maintenance make SCARA robots popular in multiple industrial applications. Rising manufacturing activity and high emphasis on improving productivity and efficiency of manufacturing operations are slated to uplift sales of SCARA robots over the coming years. Rapidly increasing automotive and electronics manufacturing activity is also expected to favor SCARA robot market growth in the future. Advancements in robotics technology are also playing a vital role in augmenting the global SCARA robot market development scope. Lack of standardization, challenges in integration, and high initial investments are slated to be the key restraints hampering sales of SCARA robots around the world.
US SCARA Robot Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10.17 billion
Largest Segment
Up to 5.00 kg
Fastest Growth
Up to 5.00 kg
Growth Rate
10.3% CAGR
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The global SCARA robot market is segmented into payload capacity, axis type, application, industry and region. Based on payload capacity, it is divided into Up to 5.00 kg, 5.01-15.00kg and more than 15.00 kg. Based on axis type the market is further segmented into 3- Axis SCARA Robot, 4- Axis SCARA Robot, 5- Axis SCARA Robot, and 6- Axis SCARA Robot. Based on application, it is bifurcated as handling, assembling & disassembling, welding & soldering, dispensing, processing, and others. Based on Industry, it is segregated into electrical & electronics, automotive, metals & machinery, food & beverages, pharmaceuticals & cosmetics, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
Assembling and disassembling applications are predicted to spearhead the demand for SCARA robots over the coming years. Repetitive nature of assembling and disassembling operations makes them an easy task for robots. High investments in the automation of assembly lines of different industry verticals are projected to help this segment dominate the global market. Use of SCARA robot for these applications also eliminates human errors and boosts productivity of all manufacturing facilities.
Meanwhile, the use of SCARA robots for handling applications is projected to increase at a robust pace across the forecast period. From palletizing to pick and place, almost all material handling applications can be easily automated using SCARA robots. The growing availability of affordable SCARA robots with a wide range of payload capacity also creates new opportunities for SCARA robot market players in this segment.
Analysis by Industry
Electrical and electronics manufacturing activity is increasing rapidly increasing around the world as digitization becomes a mainstream trend. Components in this industry need to be handled delicately and the manufacturing has no place for errors, which is why use of SCARA robots is projected to be highest in this segment. China and Japan are estimated to be the most opportune markets for SCARA robot companies looking to target the electrical and electronics industry in the future.
On the other hand, the demand for SCARA robots is projected to surge at an impressive pace in the automotive industry over the coming years. Growing sales of vehicles and the rising use of automation are setting up this segment for SCARA robot companies. The industry is also trying to eliminate the need for expensive labor to keep their business profitable, which is also benefiting sales of SCARA robots.
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The Asia Pacific region is expected to hold sway over global SCARA robot demand outlook going forward. Presence of key robot manufacturers and a robust manufacturing industry help this region maintain a high market share. Growing investments in industrialization and high demand for automation across electronics and automotive industries are also providing lucrative opportunities for SCARA robot companies. Japan, South Korea, and China are expected to be the leaders in terms of SCARA robot sales and adoption. Rising labor costs in this region are also favoring the demand for SCARA robots.
On the other hand, North America is expected to hold the second-largest share of the global SCARA robot market. High investments in automation and the adoption of robotics in this region are projected to bolster sales of SCARA robots. Growing demand for better efficiency in manufacturing and assembly applications in this region will also create a new business scope for SCARA robot providers. Most SCARA robot sales revenue is projected to come from the United States in the North American region.
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SCARA Robot Market Drivers
High Demand for Automation in Industries
Emphasis on Quality Control
Restraints
Lack of Standardization
High Initial Investments
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Launching new products remains the top preference for all SCARA robot companies. Growing adoption and acceptance of robots in industrial and domestic applications will help SCARA robot suppliers amplify their sales potential in the future. Increasing demand for better human machine collaboration is also expected to push companies to develop collaborative SCARA robots in the future. Moreover, the integration of artificial intelligence and other advanced technologies will also foster new business opportunities for all market players. Creation of affordable SCARA robots will be the prime focus for incoming as well as established SCARA robot providers.
Scara Robot Market Top Player’s Company Profiles
Scara Robot Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising demand for automation, advancements in robotic technologies, and growing popularity of the Industry 4.0 trend are expected to primarily drive sales of SCARA robot going forward. However, lack of standardization, high initial costs, and data privacy concerns are expected to be major restraints for SCARA robot companies in the future. The presence of leading automotive and electronics manufacturing industries coupled with the high adoption of robotics in industrial automation helps Asia Pacific spearhead the global SCARA robot demand outlook. Development and launch of custom and collaborative robots are estimated to create new opportunities for market players in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 10.17 billion |
Market size value in 2031 | USD 23.91 billion |
Growth Rate | 10.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the SCARA Robot Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the SCARA Robot Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the SCARA Robot Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the SCARA Robot Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20I2170
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