According to the latest business intelligence report titled ‘Global Industrial Robots Market (Value, Volume): Analysis By Product, End-Users, Model Type, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global industrial robots market size was valued USD 17 billion in 2019 and is anticipated to expand at a healthy growth rate through 2025.
 

As per the report findings, rapid industrialization facilitated by escalating demand for automation technologies and technological advancements is fostering global industrial robots market growth. Further, increasing government support is adding considerable traction to the industry growth.
 

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Notably, industrial robots cater to a wide range of tasks across various industries. At automotive OEMs, they are capable of welding and painting cars. In warehouses, they transport goods from docks to shipping areas, pick out items for orders, and package them for transport. Benefits such as reduced cost, increased rate of operations, improved product quality, together with enhanced manufacturing flexibility and efficiency will continue to encourage the product adoption in the coming years.  
 

Considering end-users, global industrial robots market is categorized into electrical & electronics, automotive, metals & machinery, and others. Among these, automotive sector is slated to record strong gains, owing to applicability of industrial robots in assembly lines for manufacturing cars. Meanwhile, electrical & electronics segment will witness considerable gains due to implementation of robots for precisely placing chips on circuit boards. With increasing automation, both these segments will flourish in the forthcoming years.

The other major segments covered in the report are product terrain (cylindrical robots, articulated robots, cartesian robots, SCARA robots, others), and model type (collaborative, traditional).
 

On the geographical front, Asia Pacific accounted for about 66.4% of the overall industrial robots market share in 2019 and will likely record strong growth through 2025, largely driven by rapid industrialization in developing economies.
 

Denso Corp., Hangzhou Hikvision Digital Technology Co., Ltd., Kawasaki Heavy Industries, Ltd., Midea Group, iRobot Corp., Seiko Epson Corp., Omron Corp., Mitsubishi Electric Corp., FANUC Corp., Yaskawa Electric Corp., and ABB Ltd. are the key players influencing global industrial robots market sphere.