SCARA Robot Market

Market Leadership - SCARA Robot Market

The SCARA robot market (including the prices of peripherals, software, and system engineering) is estimated to be valued at USD 6.4 billion in 2019 and is expected to grow at a CAGR of 10.3% during 2019–2024 to reach USD 10.4 billion by 2024. The SCARA robot market (excluding the prices of peripherals, software, and system engineering) is estimated to be valued at USD 2.3 billion in 2019 and is expected to grow at a CAGR of 11.0% during 2019–2024 to reach USD 3.8 billion by 2024. Growing need to reduce human efforts and errors in production process is one of the key factors driving the growth of SCARA robot market. Also, the increasing adoption of SCARA robots in the electronics industry is likely to act as a major driver for the growth of SCARA robot market.

The SCARA robot market is moderately competitive owing to the presence of several regional and global players. Key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market include expansions, and product launches. Many market players adopted expansion as a key business strategy. For instance, in April 2019, YASKAWA (Japan) announced the opening of its new industrial robots facility in Slovenia. The facility is expected to fulfil 80% of the market demand from industries all over Europe and reduced dependence in imports. Apart from this, players have also adopted product launch strategy to grow their businesses. For instance, in January 2019, Toshiba Machine (Japan) launched a new product, the THE600 SCARA robot, at Automate 2019. This robot is an upgraded version of THE400 and has been developed to meet the growing demand for fast-cycle automation.

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Seiko Epson (Japan) is among the leaders in manufacturing and distribution of SCARA robots worldwide. The company offers a diversified range of SCARA robots that includes the T-series, G-series, LS-series, and RS-series. The company adopts product launch as its key strategy for business growth. For instance, in November 2017, the company launched the T6 SCARA robot at the International Robot Exhibition (iREX) 2017. This robot has a payload capacity of 6 kg and is ideal for automating simple material handling tasks. In FY 2018, the company’s revenue in the robotics solutions business under the Wearable and Industrial Products segment has increased owing to SCARA robot order growth in China and internationally. This order growth was fueled by the increasing adoption of SCARA robots in industries such as automotive, electronics, consumer products, and medical. The company is planning to invest more into research and development in the coming years along with improving their manufacturing facilities to enhance productivity.

Yamaha Motor (Japan) began research and development of industrial robots in 1974 to streamline the production of its motorcycles and improve manufacturing precision. In 1976, the company introduced SCARA robots developed in-house to assemble parts on its motorcycle production lines, and in 1981 entered the industrial robot business. Expansion is the key strategy adopted by the company to grow its footprints in the market. For instance, in May 2018, the company announced its plans to open the Yamaha Motor Advanced Technology Center in Yokohama City, Japan. This center aims to further advanced technology development in robotics, artificial intelligence, and IT fields. By using its wide array of patents and designs, the company is looking to expand its corporate activities on a global scale keeping into picture the current and future markets, technologies, social environments, and other trends. The company is also looking to strengthen model variations while also pursuing both tangible and intangible commonalities to expand its business scope and increase profitability.

Related Reports:

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

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Report Code
SE 7410
RI Published ON
10/24/2019
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