What Fueled The Previous Growth In The Mobile Robots Market?
The mobile robots market has seen considerable growth due to a variety of factors.
• The mobile robots market has witnessed strong growth in recent years. It is expected to grow from $18.68 billion in 2024 to $20.29 billion in 2025, reflecting a CAGR of 8.6%.
The growth is attributed to the rising use of containers for sea freight, the growing demand for rehabilitation in medicine, the rise of warehouse automation, the need for human safety, and the increasing demand for logistics solutions from online retailers.
What Can Be Expected from the Mobile Robots Market Size?
The mobile robots market is expected to maintain its strong growth trajectory in upcoming years.
• The mobile robots market is expected to see significant growth, reaching $27.33 billion by 2029 with a CAGR of 7.7%.
Factors driving this growth include widespread adoption of autonomous mobile robots by logistics firms, increased financing, and rising demand for self-driving forklifts. Trends include Industry 4.0 technologies, mobile robot sensor innovations, AI & ML integration, and the development of application-specific autonomous robots.
What Are the Critical Driver Fuelling The Mobile Robots Market's Growth?
The rise in e-commerce activities is expected to drive the growth of the mobile robots market in the coming years. E-commerce refers to the process of buying and selling goods or services through online platforms, such as websites or mobile applications. With the growing preference for online shopping, fueled by convenience, variety, and competitive pricing, e-commerce continues to grow. Mobile robots are increasingly being utilized in e-commerce operations for automating tasks such as picking, packing, and inventory management, improving efficiency and reducing labor costs. This enhances order fulfillment speed and overall customer satisfaction. For example, in February 2024, the Census Bureau of the Department of Commerce reported a 7.5% increase in e-commerce sales in the fourth quarter of 2023 compared to 2022. As a result, the growing e-commerce activity is driving the expansion of the mobile robots market.
How Is The Mobile Robots Market segmented?
The mobile robots market covered in this report is segmented –
1) By Product: Automated Guided Vehicle (AGV), Autonomous Mobile Robot (AMR)
2) By Form Factors: Forklifts, Tow Or Tractor Or Tug, Unit Load, Assembly Line
3) By Navigation Sensor: Reflector, Quick Response Code, Laser Or Light Detection And Ranging, Camera, Other Navigation Sensors
4) By Application: Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing And Logistics, Other Applications
Subsegments:
1) By Automated Guided Vehicle (AGV): Tow AGVs, Unit Load AGVs, Forklift AGVs, Heavy-Duty AGVs, Light-duty AGVs, Indoor AGVs, Outdoor AGVs
2) By Autonomous Mobile Robot (AMR): Indoor AMRs, Outdoor AMRs, Collaborative AMRs (Cobot AMRs), Delivery AMRs, Inspection AMRs, Logistics AMRs, Healthcare AMRs
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What Trends Are Reshaping The Future Of The Mobile Robots Market?
Key businesses in the mobile robots market are concentrating their energies on creating technologically advanced solutions, like AI-enabled mobile robots, to improve self-directed navigation, instantaneous data analysis, and adaptive learning skills. AI-enabled mobile robots are robotic systems loaded with AI that allows them to understand their surroundings, make decisions and perform activities either fully or partially autonomously. For example, in March 2024, ABB Ltd, a tech company based in Switzerland, introduced an autonomous mobile robot known as the Flexley Tug that is designed to manage whole fleets of mobile robots. With AI-driven visual SLAM navigation technology and cutting-edge AMR Studio software, this robot empowers beginner users to quickly program and handle entire robot fleets, potentially reducing setup time by up to 20% and tackling the issue of labor shortages.
Who Are the Key Players In The Mobile Robots Market?
Major companies operating in the mobile robots market are:
• Samsung Electronics Inc
• LG Electronics Inc
• Northrop Grumman Corporation
• ABB Group
• KION Group AG
• Omron Automation Corp
• Zebra Technologies Inc
• Kuka AG
• Teradyne Inc
• Kongsberg Maritime Corporation
• iRobot Corporation
• ECA GROUP
• Aethon Inc
• JASCI LLC
• DJI Corporation
• Blue Frog Robotics Inc
• Promobot LLC
• OTTO Motors Inc
• GeckoSystems Intl Corp
• Mayfield Robotics Inc
• Nauticus Robotics Inc.
What Is The Most Dominant Region In The Mobile Robots Market?
North America was the largest region in the mobile robots market in 2024. The regions covered in the mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
