Jul 21, 2021 (AmericaNewsHour) -- Research Nester has released a report titled "EMEA SCARA Robotics Market - Regional Demand Analysis & Opportunity Outlook 2027"which delivers detailed overview of the EMEA 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 EMEA SCARA robotics market is anticipated to record a CAGR of 7.45% during the forecast period, i.e. 2019-2027. The EMEA SCARA robotics market is segmented by sub system into hardware, software and services, out of which, hardware segment is anticipated to hold the largest market share of around 44% in the year 2018, on the back of greater demand for deployment of SCARA robots so as to promote automation of processes across end user industries. Moreover, the segment is also anticipated to reach a CAGR of 7.33% over the forecast period.
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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 of around 85% in the year 2018 and is expected to achieve a CAGR of 7.50% during the forecast period on the back of factors such as high speed and repeatability, compact and space saving design as well as large load handling capabilities offered by these robots.
The EMEA SCARA robotics market is also further segmented by application into transport, packaging, assembly, inspection and others, out of which, transport segment is anticipated to hold the largest market share of around 39% in the year 2018 on the back of rapid utilization of SCARA robots with greater effectiveness for pick-and-place operations as well as palletization operations.
Increasing Demand for Automation Across Industries
In the statistics by International Federation of Robotics (IFR), annual shipments of multipurpose industrial robots to Germany is estimated to reach 26, 000 number of units from 20, 074 number of units in-between 2016-2021 with a growth rate of 1.30x.
Increasing deployment of robots across end user industries is raising the demand for greater number of annual shipments of multipurpose industrial robots in the region. Robot manufacturers are integrating artificial technologies, for instance, machine learning, automation and computer vision in the SCARA robots, which is raising their utilization aspects and acceptability in the industries. Furthermore, benefits provided by these robots to the industries by means of reducing human efforts, automatic detection of sensory inputs and others, are some of the factors inducing manufacturers to deploy SCARA robots in their production line. All of these factors are anticipated to drive the growth of the EMEA SCARA robotics market during the forecast period.
However, concerns for high price of SCARA robots, greater initial deployment costs and unavailability of skilled workers for operation, are some of the factors expected to operate as key restraints to the growth of the EMEA SCARA robotics market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the EMEA SCARA robotics market, which includes company profiling of Mitsubishi Electric Corporation (tyo:6503), Toshiba Machine Co., Ltd. (tyo:6104), KUKA AG (etr:KU2), Staubli International AG, Comau SpA, Yaskawa Electric Corporation (tyo:6506), Seiko Epson Corporation (tyo:6724), ABB /zigman2/quotes/209404356/composite ABB +0.62% , Yamaha Motor Co. Ltd. (tyo:7272), and Fanuc Corporation (tyo:6954).
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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 EMEA SCARA robotics 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.
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The post EMEA SCARA Robotics Market Insights By Growth, Emerging Trends And Forecast By 2027 appeared first on America News Hour .
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