According to the business intelligence report titled ‘GLOBAL Scara Robots Market 2019-2028’ available with Market Study Report, global SCARA robots market is touted to grow significantly, exhibiting a compound annual growth rate of 9.51% during the analysis timeframe of 2019-2028.
 

As per the findings of the report, rising adoption of automated technologies coupled with growing focus towards enhancing workplace safety are accelerating global SCARA robots market expansion.
 

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Ongoing technological advancements, innovative product rollouts, advent of Industry 4.0, and strategic alliances among leading companies such as partnerships, joint ventures, and acquisitions among market players are further fueling the industry growth.
 

Furthermore, lack of skilled laborers for various manufacturing sector is impelling the adoption of this technology, which in turn is stimulating global SCARA robots market outlook.
 

On the contrary, growing competition from articulated robots, high initial investments, and complexities associated while deploying the technology in unstructured environments are expected to act as a barricade to business development in the forthcoming years.
 

From a regional perspective, the overall market is fragmented into Asia-Pacific, Europe, Latin America, Middle East & Africa, and North America.
 

Among these, Asia-Pacific SCARA robots market share is anticipated to experience considerable expansion during 2019-2028. Favorable government initiatives aimed at promoting the adoption of these robots along with surging demand for automated systems across several verticals including food & beverage, logistics, and pharmaceutical are fostering the regional industry growth.
 

Speaking of competitive scenario, DENSO Corp., Comau S.p.A, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corp., Toshiba Corp., Precise Automation Inc., Staubli International AG, Mitsubishi Electric Corp., Seiko Epson Corp., Yamaha Motor Co. Ltd., Nachi Robotics Systems Inc., FANUC Corp., Omron Corp., KUKA AG, and ABB Ltd. are the key companies operating in global SCARA robots market sphere.