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According to a new market research report titled, ‘Industrial Robots Market by Type (Cartesian Robots, SCARA Robots, and Others), Payload (Up to 60 kg, 60–100 kg, 100–225 kg, and Above 225 kg), Component, Application, End–use Industry, and Geography - Global Forecast to 2029,’ the global industrial robots market is projected to reach $32.73 billion by 2029 at a CAGR of 10.3% from 2022 to 2029. By volume, this market is expected to reach 950 thousand units by 2029, growing at a CAGR of 11.2% during the forecast period of 2022-2029.