Industrial robots are automated machines used in manufacturing for tasks like assembly, welding, and material handling, available in various types including articulated, SCARA, and cylindrical robots. They enhance efficiency and reduce labor costs in operations such as material handling, processing, and assembly, although they lack creativity and independent decision-making. The rise of industrial robots has correlated with job losses, with an estimated decrease of 400,000 jobs for every robot added per 1,000 workers in the U.S.