Market Overview

According to fortune business insights, The global industrial robots market was valued at USD 21.94 billion in 2025 and 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 industrial robots are crucial for automating production tasks, improving productivity, reducing costs, and ensuring high-quality output. The rising adoption of smart manufacturing processes, the penetration of Industry 4.0, and significant growth in sectors like automotive and electronics are key factors driving the market.

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

Articulated Robots to Lead Due to High Flexibility

Based on robot type, the market is divided into SCARA, articulated, cartesian/linear, cylindrical, parallel, and others. The articulated robot segment is expected to lead with a 40.85% share in 2026, owing to its high flexibility and wide adoption in applications like welding, painting, and material handling.

Material Handling Segment to Dominate the Market