According to a research report titled ‘Global SCARA Robots Market 2019-2028’, available with Market Study Report, global SCARA robots market is poised to register a compound annual growth rate of 9.51% over the forecast period 2019-2028.
 

As per the report findings, intensifying demand for automation across various industries is the primary factor propelling worldwide SCARA robots market growth. Furthermore, dearth of skilled labor coupled with increasing efforts towards ensuring workplace safety are also instigating industry development.
 

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Moreover, digital transformation brought on by the adoption of Industry 4.0 technology and mounting demand for automation solutions in developing economies will unlock new opportunities in this domain during the forecast period.
 

On the downside, high costs associated with initial investment, installations, and technology & engineering coupled with robot deployment in unstructured environments, and tough competition from articulated robots are significant impediments to market growth.
 

Based on payload type, global SCARA robots market is arrayed into up to 5.00 kg, 5.01-15.00 kg, and more than 15.00 kg variants. By application ambit, the industry segmentation comprises material handling, welding & soldering, processing, assembling & disassembling, dispensing and other applications.
 

Moving on to the end-user scope, the business vertical is split into electrical & electronics, food & beverages, metal & machinery, automotive, pharmaceuticals and other end-users.
 

From a regional frame of reference, Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa are the key growth avenues for global SCARA robots market.
 

Expert analysts cite that Asia-Pacific industry is projected to record a remarkable growth rate during the forecast period. This can be credited to escalating demand and adoption of automated systems in food & beverage, logistics, and pharmaceutical industries. Moreover, government initiatives aimed at promoting the adoption of robotics in countries like China, Japan, South Korea and Taiwan are also fostering the demand for SCARA robots in the Asia Pacific region.
 

Major contenders in global SCARA robots market sphere are Yaskawa Electric Corp., Yamaha Motor Co. Ltd., Toshiba Corp., Stäubli International AG, Seiko Epson Corp., Precise Automation Inc., Omron Corp., Nachi Robotic Systems Inc., Mitsubishi Electric Corp., Kuka AG, Kawasaki Heavy Industries Ltd., Fanuc Corp., Denso Corp., Comau S.p.A., and ABB Ltd.