North America Scara Robots Market Forecast 2019-2028
The North America SCARA robots market is predicted to grow with a CAGR of 9.40%, during the forecast period of 2019 to 2028. An upsurge in technological advancements, incorporated with the development in nanotechnology and other sectors is anticipated to bolster the market growth in the region.
Canada and the United States are included in the analysis of the North America SCARA robots market growth. Owing to the steady and continuous growth over the last three quarters, Canada is presently witnessing a resurfacing economy. The manufacturing industry in the country is anticipated to perform better over the forecast period, as a result of the developing American economy and the rising European economy, post-recession. As the ninth-largest vehicle producer in the world, this sector is the most significant contributor to the manufacturing industry. According to Canada's government, the nation's automotive suppliers export numerous parts across the world, which accounts for over $xx billion annually. Moreover, the Canadian government has also introduced initiatives like the reduction of taxes for fresh investments and numerous skill-training programs, in addition to trade agreements with other countries. These factors have further enabled the development of the manufacturing sector in Canada, which has boosted the demand for industrial robots in the country. Canada is also expected to observe a sharp rise in the SCARA robots market growth, in the later years of the forecast period. However, the need for high initial investments limits the utility of SCARA robots in the industry, thus inhibiting market growth.
Fanuc Corporation, Toshiba Corporation, Yamaha Corporation, Deso Corporation, Comau SPA, etc. are among the major companies in the market.
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