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Steady Expansion Forecast for Mobile Robots Market, Projected to Reach $27.33 Billion by 2029
Mobile Robots
Mobile Robots Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have witnessed a robust growth in the size of the mobile robots market. The market, which is set to further grow from $18.68 billion in 2024 to $20.29 billion in 2025, will do so at a compound annual growth rate (CAGR) of 8.6%. This historic period of growth owes its success largely to factors such as the escalating use of containers for sea-borne cargo, increasing demand in the medical field for rehabilitation, a booming influx towards warehouse automation, growing necessity for human life safety, and a rising surge in mobile logistics demand by online retailers.
Mobile Robots Market Size Forecast: What's the Projected Valuation by 2029?
The predicted growth of the mobile robots market may experience a significant surge in the foreseeable future, anticipating to hit a total of $27.33 billion in 2029 through an annual growth rate of 7.7%. The escalating usage of autonomous mobile robots especially by logistics firms, impressive financial backing by regulatory authorities, a high demand for equipment used in material handling, an increase in regional distribution networks, and an amplified use of self-driven forklifts can all be credited for this expansion. Key trends for the projected timeline are projected in the adaptation of Industry 4.0 technologies, development in sensory and control devices of mobile robots, combination of cutting-edge tech like 5G, incorporation of AI and ML algorithms with independent mobile robots, and creation of task-specific autonomous robots.
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What Are the Drivers Transforming the Mobile Robots Market?
The surge in e-commerce activities is predicted to fuel the expansion of the mobile robots market in the future. E-commerce activities involve buying goods or services online via electronic platforms such as websites or mobile applications. The rise in e-commerce is attributed to the growing preference of consumers for online shopping due to simplicity, a wider array of products, and competitive prices. Mobile robots are being increasingly utilized in e-commerce to automate warehouse procedures and enhance efficiency in tasks such as order picking, packaging, and inventory control. These robots aid in lowering labor expenses and speeding up order fulfillment, thereby boosting overall customer satisfaction. For example, as reported by the Census Bureau of the Department of Commerce, a governmental agency in the US, there was a 7.5% increase in e-commerce sales in the fourth quarter of 2023 compared to the same timeframe in 2022. Consequently, the rise in e-commerce activities is propelling the growth of the mobile robots market.
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What Long-Term Trends Will Define the Future of the Mobile Robots Market?
Prominent corporations in the mobile robots market are channeling their resources into the creation of technologically advanced solutions, for example, the production of mobile robots powered by artificial intelligence (AI) to upgrade autonomous navigation, instantaneous data examination, and adaptive learning functionalities. AI-empowered mobile robots are essentially robotic systems that come equipped with AI abilities that allow them to sense their surroundings, make informed decisions, and perform tasks either independently or semi-independently. A case in point is ABB Ltd., a tech company situated in Switzerland, which introduced the Flexley Tug in March 2024. This autonomous mobile robot simplifies the handling of entire fleets of mobile robots, and with AI-powered visual SLAM navigation technology and groundbreaking AMR Studio software, even beginners can conveniently program and supervise entire fleets of robots, reducing setup time by as much as 20% and addressing labor shortages.
Which Segments in the Mobile Robots Market Offer the Most Profit Potential?
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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Which Firms Dominate the Mobile Robots Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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.
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