MARKET OUTLOOK
Triton Market Research, in its report on the North American SCARA robots market, depicts that the industry is expected to flourish at a CAGR of 9.01% over the estimated period 2019-2028. The United States and Canada together constitute the North American SCARA robots market.
Canada is experiencing a resurging economy, with constant growth in recent times. The growing input, labor charges and global competition are making it necessary to invest in modern technologies to sustain in the market. This factor is likely to aid the SCARA robots market growth in the country.
It is reported that the US ranks third in the world, considering the number of robots, with about 250,000 robots being used in the country currently. The manufacturing industry accounts for about $2.17 trillion in the annual economic activity of the United States. Besides, automation is helping small businesses to sustain in the market. The United States is home to more than 13 major automotive manufacturers. The automotive manufacturing industry has among the most significant revenue generators for the country.
The initiative Advanced Manufacturing Partnership (AMP) was deployed with a view to make the federal government, industry and universities to make investments towards the advanced technologies. This initiative has helped the country to gain a competitive edge in the international economy. These developments are estimated to proliferate the SCARA robots market in the country over the projected period.
COMPETITIVE OUTLOOK
Some noteworthy companies in the SCARA robots market are Seiko Epson Corporation, FANUC Corporation, Yaskawa Electric Corporation, Staubli International AG, Nachi Robotics Systems Inc, Kawasaki Heavy Industries Ltd, Comau SpA and Precise Automation Inc.