MARKET OUTLOOK
Triton Market Research, in its report, has determined that the SCARA robots market in Europe would surge at a CAGR of 8.34% over the projected period 2019-2028.
Germany, Spain, France, Italy, the United Kingdom, Russia and Rest of Europe comprise the SCARA robots market in Europe.
The presence of major companies is responsible for the high revenue generation in the European region. The escalating demand for a better biomedical and healthcare service, coupled with the aging population, is driving the growth of the studied market in the region.
There is an increase in demand from end-user industries, including polymers, semiconductors manufacturing, metallurgy and fiber optics. This factor is likely to fuel the growth of the regional market. The booming e-commerce industry has pushed the demand for automated systems, which will further boost the SCARA (Selective Compliance Articulated Robot Arm) robots market in the coming years.
It is predicted that after the successful fourth industrial revolution, the manufacturing sector in the UK could generate GBP 455 billion in the next ten years and create a lot of job opportunities. According to a report by Barclays Bank PLC in 2015, more than half of the UK-based manufacturers have made investments in the automation sector. These are expected to drive the demand for industrial robots, thereby helping the SCARA robots market to grow.
COMPETITIVE OUTLOOK
Some of the players operating in the SCARA robots market are Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd, Precise Automation Inc, Comau SpA, Staubli International AG, FANUC Corporation, Seiko Epson Corporation and Nachi Robotics Systems Inc.