According to the business intelligence report titled ‘Global Industrial Robotics Market (By Industry, Application, Region, and Company) and Forecast to 2026’, available with MarketStudyReport, global industrial robotics market is anticipated to exceed a valuation of USD 25 Bn by 2026.
 

Industry doyens are of the opinion that the increasing demand for collaborative robots across various industries, their adoption in new as well as existing applications, and widespread reach in both small- and large-scale businesses are the major factors expected to fuel the growth of global industrial robotics market through the forecast period.
 

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Apart from the aforementioned, the research report also touches on challenges and solutions for the same. It also takes into account the past and current business scenery to produce reliable estimates for growth rate, market demand, size, and revenue shares over the forecast timeframe.
 

Moving on to segmentation, based on industry, global industrial robotics market is bifurcated into electrical/electronics, metal, food and beverages, chemical rubber and plastics, automotive, and others.
 

Considering the application spectrum, the industry is classified into welding and soldering, cutting and milling, dispensing and painting works, material handling, assembling and disassembling tasks, and others.
 

Speaking of the regional landscape, this business sphere is spread across Asia, America, Australia, Europe and Africa.
 

Furthermore, the report provides comprehensive details pertaining to important factors such as key trends within the business, recent developments, mergers acquisitions and joint ventures and distribution channels. It also conducts a deep-dive survey on the emerging markets and their future prospects within the industry.
 

Lastly, the global industrial robotics market report profiles the key players influencing the overall industrial robotics market trends, namely, Kawasaki Heavy Industries, Ltd. Denso Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Nachi-Fujikoshi Corp. ABB Ltd, Fanuc Corporation, Kuka AG, Intuitive Surgical Inc., and Omron Corporation.