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E-commerce Surge Fuels Mobile Robots Market Growth: Key Factor Driving The Growth In The Mobile Robots Market
Mobile Robots
What Is the Expected Mobile Robots Market Size During the Forecast Period?
The mobile robots market size has seen substantial growth in recent years. It is set to rise from $18.68 billion in 2024 to $20.29 billion in 2025 at a CAGR of 8.6%. Historic growth can be linked to greater use of containers in maritime shipping, growing rehabilitation needs in healthcare, rising demand for automation in warehousing, heightened focus on human safety, and increased logistics demand from e-commerce.
The mobile robots market is anticipated to experience strong growth, projected to reach $27.33 billion by 2029, with a CAGR of 7.7%. Growth drivers include the widespread use of autonomous mobile robots in logistics, massive financing from regulatory bodies, the growing need for material-handling equipment, the expansion of regional distribution channels, and the rising demand for self-driving forklifts. Key trends include the adoption of Industry 4.0 technologies, innovations in mobile robot sensors and controllers, integration of advanced technologies like 5G, the use of AI and ML algorithms, and development of application-specific autonomous robots.
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What Are the High-Growth Segments in the Mobile Robots Market?
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 Key Drivers Are Expected to Influence Future Mobile Robots Market Growth?
The increasing e-commerce activity is expected to propel the growth of the mobile robots market. The rise of e-commerce is driven by consumer preference for online shopping, which demands efficient warehouse operations. Mobile robots automate processes such as picking, packing, and inventory management, improving operational efficiency and reducing labor costs. For instance, in February 2024, the U.S. Census Bureau reported a 7.5% increase in e-commerce sales for the fourth quarter of 2023. This surge in e-commerce is expected to continue driving the growth of the mobile robots market.
Which Companies Hold the Largest Share Across Different Mobile Robots Market Segments?
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 Trends Are Driving Growth in The Mobile Robots Market?
Firms in the mobile robots market are investing in AI-powered robots to improve autonomous functions, data handling, and learning. In March 2024, ABB Ltd. of Switzerland introduced the Flexley Tug, an AI-equipped mobile robot designed to manage robot fleets with ease using SLAM navigation and AMR Studio software, cutting setup time and mitigating labor issues.
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What Are the Emerging Geographies for The Mobile Robots Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobile Robots Market?
2. What is the CAGR expected in the Mobile Robots Market?
3. What Are the Key Innovations Transforming the Mobile Robots Industry?
4. Which Region Is Leading the Mobile Robots Market?
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