Mobile Robots Market Size, Share, Growth Analysis, By Offerings(Hardware (Sensors, Actuators, Power supplies, Control Systems), By Type(Professional Robots (Autonomous Mobile Robot, Automated Guided Vehicle, Others), and Personal & Domestic Robots), By Payload(Up to 300 kg, 500–600 kg, 1000-1500 kg), By Application(Agricultural, Cleaning, Educational, Healthcare), By Region - Industry Forecast 2024-2031

Asia Pacific region is the largest region in the global mobile robotics market. The efficiency and cost reduction through automation is driving the market. The countries such as Japan South Korea and China are continuously increasing due to their technological advancements in the mobile robots. Due to the aging of the population and rising labor expenses, they are adopting mobile robots for repetitive tasks. Moreover, the ecommerce and logistics sectors are rapidly increasing, which is further driving the demand for the automation in the warehouse industry. China contributes as the largest manufacturer in the industry driving the market demand. Based on our analysis, we found that besides COVID-19 restrictions have caused disturbances in production and logistics, the industrial output is increased by around 3.6% in 2022 in China. The manufacturing industry contributes around 28% to the China’s GDP have reported around 3.1% growth in the output during 2022.

North America holds a significant share of the mobile robot market, and it is expected to grow at a CAGR of around 20% through the given period. The region is expected to maintain a growth trend of around 81% on average over the forecast period. Since countries such as the U. S and Canada are contributing significantly to the market revenues, North America has come out as growing part of the market. Technological advancements are the region’s key result of early adoption of advanced technological solutions by end users. Thus, factors such as the growing demand for rehabilitation in medicine, the availability of funding sources for technologies, and the adoption of surgical robots in hospitals are contributing to the growth in service robotics. Furthermore, North America alone accounts for 35% of mobile robots manufacturers which is attributing the region’s burgeoning market growth. The leading market is the U. S as it has key players in the manufacturing sector of the mobile robot market.