According to the research report titled ‘Global Scara Robots Market 2019-2028’, available with MarketStudyReport, global scara robots market size will expand at 9.51% CAGR over the forecast timeframe of 2019-2028.
 

Increasing requirement for automation due to growing emphasis on worker safety and reducing errors in various processes are primarily driving global SCARA robots market growth. Moreover, rising dependency of manufacturing firms on machines & robots due to lack of skilled labor is enhancing the industry outlook.
 

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On the other hand, fierce competition from articulated robots, and high initial cost may hamper the market growth over the projection period. Besides, employing robots in an unstructured workplace is likely to pose a threat to global market expansion.
 

To achieve the predicted growth, key opportunities such as rapid adoption of Industry 4.0 technologies and surging demand for automation in emerging economies will generate significant returns for stakeholders over the analysis period.
 

Based on payload type, global SCARA robots industry is split into up to 5 KG, 5.01 KG to 15 KG, and more than 15 KG. In terms of application, the market is split into material handling, welding & soldering, assembling & disassembling, processing, dispensing, and others.
 

From a regional perspective, the market size is bifurcated into North America (U.S., Canada), Europe (UK, Germany, Spain, France, Russia, Italy, Rest of Europe), MEA (South Africa, Turkey, Saudi Arabia, UAE, Rest of MEA), Asia Pacific (Japan, China, South Korea, India, Australia & New Zealand, ASEAN countries, and Rest of APAC), and Latin America (Mexico, Brazil, and rest of Latin America).
 

Among the above regions, Asia-Pacific market is anticipated to grow significantly over 2019-2028 owing to rising demand for automated systems in several industries, including logistics, food & beverage, and pharmaceuticals. Moreover, nations like Japan, China, Taiwan, and South Korea have taken a number of steps to encourage the acceptance of robotics in the region.
 

With respect to competitive landscape, ABB Ltd. (formerly ASEA Brown Boveri), Omron Corp., Kuka AG, Fanuc Corp., Yamaha Motor Co. Ltd., Nachi Robotics Systems Inc., Seiko Epson Corp., Staubli International AG, Mitsubishi Electric Corp., Precise Automation Inc., Yaskawa Electric Corp., Toshiba Corp., Kawasaki Heavy Industries Ltd., Denso Corp., and Comau S.p.A are the key companies influencing the global SCARA robots market dynamics.