Massive requirement for cost-effective and autonomous material handling products & services is rapidly increasing due to the surging shortage of laborers and the pandemic-related social distancing norms. This, in turn, has generated huge demand for industrial robots such as SCARA robots in a slew of industries. Furthermore, fast-paced industrial environments need high speed and flexibility for the movement of products and materials in industrial units and warehouses. To overcome this challenge, firms are preferring the use of SCARA robots. Furthermore, high labor costs and the growing need for performing repetitive tasks have culminated in huge demand for SCARA robots in manufacturing units and various other industries. Demand for increasing product output with high quality and performance has become a daunting task for the factories and this has translated into the humungous use of SCARA robots in factories.
In addition, the escalating necessity of apt robotic solutions for effective material handling and the need for just-in-time delivery of products has increased the penetration of SCARA robots in various industries. All these aforementioned factors are predicted to create new growth opportunities for the global SCARA robot market and contribute sizably towards its revenue. Surging need for quickly responding to rapidly changing consumer preferences and the demand for fast & accurate performance in production lines along with necessity of optimizing the quality of products has enhanced the popularity and use of SCARA robots in various industries. According to a study by Allied Market Research, the global SCARA robot industry is set to accrue revenue worth $14.78 billion by 2026. Let us discuss some of the major trends witnessed in the SCARA robot market across the globe.
Epson Robots Launches GX 4 and GX8 SCARA Robots To Expand its GX Series SCARA Robots Portfolio
New product launches have massively impacted the growth of the global SCARA robot market and will continue to do so even in near future. Epson Robotics, a key manufacturer of SCARA, 6-axis, and Cartesian industrial robots, introduced GX4 and GX 8 robots, SCARA robots new product line and new kind of high-speed SCARA robots. Reportedly, this next generation of SCARA robots is fitted with larger motors for effectively handling heavy workloads at rapid speeds in various industries. Moreover, the speed of these robots is predicted to increase their applications in the medical device, consumer electronics, and electronics sectors.
The strategic move will help in expanding the firm’s product portfolio and contribute majorly towards the size of the global SCARA robot market. Furthermore, Omron Corporation, a Japanese Electronics firm, launched the i4L series of SCARA Robots with a view to expand its material handling product portfolio. Reportedly, the newly introduced product is a compact SCARA robot having flexible design for deployment and is easy to use, and it offers strong performance. In addition, the i4L SCARA robot can work for twenty-four hours and its exceptional performance and outstanding integration flexibility contributes to low costs of ownership. The move will help the firm in reducing labor costs and add to the industry’s profitability.
Continuing with the trend of new product launches, ABB Ltd, a key player in the utility, transportation, and infrastructure domain, introduced a new SCARA robot referred to as ABB IRB 920 T robot. Reportedly, the new robot provides the highest speed, repeatability, and accuracy for various tasks such as picking, assembling, and handling.
The initiative will help in expanding the scope of demand for SCARA robots in the plethora of industries across the globe. Furthermore, TM Robotics launched the THE400 SCARA robot and thus contributed significantly towards the next-gen of SCARA robots. Reportedly, the new robot operates at high speed and can carry huge payloads. In addition, it can deliver fast-cycle automation for fulfilling the emerging demand for speed in the assembling, testing, and transferring processes and other product manufacturing processes in the electronics and automotive manufacturing sectors. The launching of the new robot will boost the global SCARA robot market trends.
Market players are implementing strategies such as new product launches for expanding their product and business portfolio along with increasing their global presence. Such strategies will also help them in proliferating their earnings along with helping their business to reach every nook and corner of the globe. In addition, these strategies will also help in adding to the global market returns and expand the size of the global SCARA robot market.
About the author:
Dhananjay Punekar is writer, avid reader & book lover, and interested in watching sports. He holds post graduate degree in management and is working as a Sr. Specialist Content Writer at Allied Market Research. He can be reached at [email protected]