Scara Robot Market Size, Share, Industry Trends and Forecast to 2030

1. Market Size & CAGR of Scara Robot market in 2021:

The global SCARA robot market size in 2021 was estimated to be USD 5.2 billion. The market is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2026. By the end of 2026, the market size is projected to reach USD 8.6 billion.

2. COVID-19 Impact on the Scara Robot Market:

The COVID-19 pandemic has had a mixed impact on the SCARA robot market. While the initial phase of the pandemic caused disruptions in the global supply chain and manufacturing operations, leading to a temporary decline in demand for SCARA robots, the market quickly recovered as industries adopted automation to mitigate the impact of the pandemic.

3. Scara Robot Dynamics:

The SCARA robot market is experiencing significant growth due to the increasing adoption of automation in industries such as automotive, electronics, and food & beverage. SCARA robots are known for their high-speed and precision, making them ideal for tasks such as pick and place, assembly, and packaging.

4. Segments and Related Analysis:

The SCARA robot market can be segmented based on payload capacity, application, and end-user industry. The market is further segmented into low payload SCARA robots (up to 5kg), medium payload SCARA robots (5-15kg), and high payload SCARA robots (above 15kg).

5. By Region Analysis:

In terms of regional analysis, Asia Pacific is the largest market for SCARA robots, driven by the growing adoption of automation in countries like China, Japan, and South Korea. North America and Europe also have significant market shares due to the presence of established manufacturing industries.

6. Key Market Players and Competitive Landscape:

Some of the key players in the SCARA robot market include Yaskawa Electric Corporation, FANUC Corporation, ABB Ltd., Epson Robots, and Kawasaki Heavy Industries. These companies are focusing on product innovation and strategic partnerships to maintain their competitive edge in the market.

7. Recent Happenings in the Scara Robot Market:

In recent developments, Yaskawa Electric Corporation launched a new series of SCARA robots with enhanced speed and precision. FANUC Corporation announced a collaboration with a leading automotive manufacturer to implement SCARA robots in their production line, showcasing the versatility of SCARA robots in different industries.