According to the research report titled ‘Global Industrial Robotics Market (By Industry, Application, Region, and Company) and Forecast to 2026’, available with MarketStudyReport, global industrial robotics market is projected to exceed USD 25 billion valuation by the year 2026.

Growing product demand in commercial and automotive sectors, as well as increasing implementation by retailers, distribution centers, warehouses, and facility owners are the major growth determinants for global industrial robotics market.

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For the unversed, industrial robot is a machine that is provided with data and perform activities which are linked to production automatically. These robots can be programed and altered as many times as needed, depending on the application.

With the advent of COVID-19 outbreak, production as well as sales of industrial robots were declined as a result of lockdown restrictions, which in turn hampered the industry outlook in the recent past.

The report gives a comprehensive analysis of the worldwide industrial robotics market dynamics, potential, future roadmap, competitive landscape, and key trends. It also provides the most up-to-date data on the current market position and the future
prognosis.

Based on industry, the market is divided into food & beverages, chemical, rubber, & plastics, metal, electrical/electronics, automotive, others, and unspecified. In terms of application, the industry is branched into cutting & milling, dispensing & pending, assembling & disassembling, welding & soldering, material handling, others, and unspecified.

Speaking of regional terrain, the market trends are studied across North America, Asia/Australia, Africa, and Europe in the report.

Coming to the competitive arena, DENSO Corporation, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, ABB Limited, KUKA AG, Omron Corporation, Nachi-Fujikoshi Corp., Intuitive Surgical Inc., and Yaskawa Electric Corporation are the major players in global industrial robotics marketplace.

The leading participants are assessed based on a variety of criteria, including business overview and market share. The key trends in partnership agreements, distribution agreements, mergers and acquisitions, and joint ventures are all examined in depth, to provide a better understanding of the business sphere.