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

Mobile robots market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 20.31 billion in 2023 to USD 107.1 billion by 2031, growing at a CAGR of 23.1% during the forecast period (2024-2031). 

The competitive landscape of the global mobile robots market is dynamic and evolving, driven by technological advancements, market demand, and regulatory developments. Companies that can innovate, collaborate, and adapt to changing market dynamics are well-positioned to succeed in this rapidly growing industry. For instance, in June 2024, Rapyuta Robotics announced a strategic partnership with SVT Robotics to connect and scale warehouse robots. They are using Rapyuta’s pick assist AMRs for its expansion around the American warehouses. Rapyuta’s solution will be certified on SVT Robotics platform namely SOFTBOT. The advanced software is changing the incorporation of different autonomous technologies such as autonomous mobile robots (AMR), vertical lift modules (VLM), and automated storage and retrieval systems (AS/RS) and host systems such as warehouse management systems (WMS), warehouse execution systems (WES) and others.  'Zebra Fetch Robotics', 'SuperDroid Robots', 'ST Engineering Aethon, Inc', 'SoftBank Robotics', 'ROBOTLAB Inc.', 'OTTO Motors', 'ABB Robotics', 'Omron Group', 'Mobile Industrial Robots', 'Locus Robotics', 'GreyOrange', 'Gideon Brothers', 'Geekplus Technology Co Ltd.', 'Blue Skye Automation'

The advancements in the robotics sector are witnessed by the emergence of augmented reality, deep learning and AI. The increase in the elderly population and nuclear families have increased the demand for virtual assistants such as companion robots, which are helping in the simplification of the tasks. Companies have also used these technologies and have introduced innovative products such as Shenzhen Huiyu Education Technology’s Honeybot and Blue Frog Robotics’ Buddy. Integrated into households, these robots handle cleaning, security, and entertainment, becoming smarter and more adaptable, driven by the need for time efficiency and enhanced lifestyle. 

Adoption of Industry 4.0 Technologies in Warehouse and Industrial Automation: In logistics and warehousing applications, the adoption of advanced mobile robots is driving the mobile robot market. They are continuously used in sectors such as healthcare, construction, and personal applications like domestic robots. Their expansion is contributing to their originality and growth in different areas.

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.