The report "Mobile Robots Market by Type (Professional and Personal & Domestic Robots), Application (Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing & Logistics) and Region (North America, Europe, APAC, ROW) - Global Forecast to 2028" The mobile robots market is expected to reach USD 40.6 billion by 2028 from USD 20.3 billion in 2023, at a CAGR of 14.9 % during the 2023–2028 period. The significant growth factors associated with the mobile robots market is the growth of industrial revolution that emphasizes automation and data-driven decision-making. Mobile robots are a key part of Industry 4.0, as they can be used to automate tasks and collect data. Moreover, the rising prevalence of e-commerce is fueling the need for mobile robots in the logistics sector. Mobile robots are being employed to automate various warehouse operations, including picking, packing, and shipping.
Browse 157 market data Tables and 54 Figures spread through 208 Pages and in-depth TOC on "Mobile Robots Market by Type (Professional and Personal & Domestic Robots), Application (Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing & Logistics) and Region (North America, Europe, APAC, ROW) - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/mobile-robots-market-43703276.html
Professional robots are expected to account for the largest share of the mobile robots market during the forecast period.
Professional robots are engineered to independently carry out tasks or work alongside humans, resulting in enhanced precision, swiftness, and cost efficiency. They find application in a variety of areas, such as assembly line operations and warehouse management, offering effective solutions for intricate and repetitive assignments. By minimizing human errors and optimizing operations, these robots contribute to improved workflow. Professional robots are mainly adopted for autonomous ground vehicles (AGVs), agriculture robots, forestry robots, diagnostic robots, rehabilitation systems, and other medical robots are expected to gain a larger market share in the mobile robots market as they cater to the growing demand for efficient, intelligent, and specialized robotic solutions in various sectors.
Cleaning application is projected to account for significant share of mobile robots market during the forecast period.
The need for efficient and effective cleaning solutions in diverse industries and environments is driving the increasing demand for cleaning mobile robots. These robots provide a timesaving and labor-reducing alternative to manual cleaning, enabling businesses to optimize their operations and allocate human resources to more intricate tasks. By utilizing cleaning robots, businesses can minimize human contact and decrease the transmission of pathogens in public spaces, healthcare facilities, and other areas with high foot traffic. Furthermore, advancements in robotics and artificial intelligence technologies have enhanced the sophistication of cleaning robots, enabling them to navigate complex environments, adapt to various surfaces, and consistently deliver effective cleaning results.
Asia Pacific is expected to register the highest CAGR during the forecast period.
The mobile robots market is expected to witness the highest growth in the Asia Pacific region. This growth can be attributed to several factors, including rapid industrialization, technological advancements, increasing consumer demand, supportive government policies, and a strong manufacturing ecosystem. Governments in countries like China, Japan, and South Korea have implemented supportive policies and incentives such as the Robot Revolution Initiative and the New Robot Strategy, offering funding, research support, and regulatory frameworks to promote mobile robots across sectors. Additionally, the countries have implemented supportive policies, funding research and development, and fostering collaborations between academia, industry, and government agencies.
The report profiles key players such as KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US).
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441