Research Nester has released a report titled “U.S. SCARA Robotics Market – Regional Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the U.S. SCARA robotics market in terms of market segmentation by sub system, by axis type, by application and by industry vertical.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The U.S. SCARA robotics market is anticipated to record a CAGR of 8.41% during the forecast period, i.e. 2019-2027. The U.S. SCARA robotics market is segmented by sub system into hardware, software and services, out of which, services segment is anticipated to hold a considerable market share of around 33% in the year 2018, on the back of rising need to avoid unscheduled downtime in the manufacturing processes occurred due to a breakdown of the SCARA robot, coupled with the need to address labor shortage issues and increase production by the deployment of a large number of robots in manufacturing industries. Moreover, the services segment is anticipated to reach a CAGR of 9.28% over the forecast period.
The market is also segmented by axis type into 4-Axis, 5-Axis and others, out of which, 4-Axis segment is anticipated to hold the largest market share on the back of greater adoption of 4-Axis SCARA robots amongst other robot types. These robots are most suitable for pick and place in production line of the manufacturing industry, and are also a great fit for assembly applications. Furthermore, the ability of these robots to add-on axis motion or modules for greater payload application makes the robot widely acceptable amongst end user industries. Moreover, the 4-Axis segment constituted a market share of 83% in the year 2018.
Increasing Deployment Of Robotics Across Industries
In the statistics by Robotics Industries Association (RIA), there is a rise in the shipment of robots in the U.S. by 15% to 28, 478 units in 2018 as compared to 2017, as witnessed by robot manufacturers in the country. In another statistics by International Federation of Robotics (IFR), annual shipment of multipurpose industrial robots in U.S. is estimated to reach 46, 000 number of units from 31, 404 number of units in-between 2016 and 2021.
Increasing deployment of robotics in manufacturing industries so as to automate the manufacturing processes is raising the shipments of the robots in the U.S. Manufacturers around the nation are shifting their processes to automated ones owing to issues observed in labor productivity. Furthermore, greater application of SCARA robots across end users, for instance, automotive, food and beverages amongst others, is also anticipated to contribute significantly towards the growth of the market in the region. Automotive industries have found massive benefits with the deployment of SCARA robots as these robots help to improve vehicle build quality, helps in reducing warranty costs and prevents workers from performing risky activities.
However, concerns for high initial deployment costs, lack of skilled personnel to operate the robot and fear of articulated robots, which seem to be more effective against SCARA robots are some of the factors expected to operate as key restraints to the growth of the U.S. SCARA robotics market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the U.S. SCARA robotics market, which includes company profiling of Seiko Epson Corporation (TYO: 6724), Denso Corporation (TYO: 6902), Hirata Corporation (TYO: 6258), Omron Corporation (TYO: 6645), ABB (NYSE: ABB), Yamaha Motor Co., Ltd. (TYO: 7272), Fanuc Corporation (TYO: 6954), and Precise Automation, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the U.S. SCARA robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.