Market Overview

According to fortune business insights, the global industrial robots market size was valued at USD 21.94 billion in 2025. The market is projected to grow from USD 24.43 billion in 2026 to USD 77.36 billion by 2034, exhibiting a CAGR of 15.5% during the forecast period. Asia Pacific dominated the industrial robots market with a market share of 48.7% in 2025.

The analysis shows that top companies are investing more in industrial robots because of the rising adoption of automation and smart manufacturing processes. For example, the growing penetration of Industry 4.0 and the trend of electric automobiles are surging the demand for robots in sectors like automotive and electronics. This trend indicates a strong demand for automation to improve productivity, reduce costs, and produce high-quality products worldwide.

Major Players Profiled in the Market Report:

• ABB (Switzerland)
• YASKAWA ELECTRIC CORPORATION (Japan)
• Mitsubishi Electric Corporation (Japan)
• NACHI-FUJIKOSHI CORP. (Japan)
• Comau SpA (Italy)
• KUKA AG (Germany)
• FANUC CORPORATION (Japan)
• DENSO CORPORATION. (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Omron Corporation (Japan)
• Staubli (Switzerland)
• Universal Robots (Denmark)

Segments

Growing Applications to Propel Articulated Robots Segment Growth

Based on robot type, the market is divided into SCARA, articulated, cartesian/linear, cylindrical, parallel, and others. The articulated robot segment is expected to hold the largest market share of 40.85% in 2026 owing to its wide adoption in applications such as welding, painting, packaging, and material handling, offering high flexibility and the ability to perform complex movements.

Rising Adoption in Various Sectors to Drive Material Handling Segment Expansion