Mobile Robots Market worth $40.6 billion by 2028 – Exclusive Report by MarketsandMarkets™

Press Releases

Jul 20, 2023

CHICAGO , July 20, 2023 /PRNewswire/ — 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 according to a new report by MarketsandMarkets™. 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43703276

Browse in-depth TOC on “Mobile Robots Market”

60 – Tables
50 – Figures
180 – Pages

Mobile Robots Market Report Scope:

Report Coverage	Details
Market Revenue in 2023	$20.3 billion
Estimated Value by 2028	$40.6 billion
Growth Rate	Poised to grow at a CAGR of 14.9%
Market Size Available for	2019–2028
Forecast Period	2023–2028
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, Application and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge	Integration of mobile robots with existing system
Key Market Opportunities	Adoption of industry 4.0 technologies in warehousing and industrial automation
Key Market Drivers	Increasing adoption of mobile robots for healthcare and personal use

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.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=43703276

Asia Pacific is expected to register the highest CAGR during the forecast period.

The mobile robots industry 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 in mobile robots companies such as KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=43703276

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

RFID Market Size, Share & Industry Growth Analysis Report by Offering (Tags, Readers, Software & Services), Tag Type (Passive, Active), Wafer Size, Frequency, Form Factor (Card, Implant, Key Fob, Label, Paper Ticket, Band), Material, Application & Region – Global Growth Driver and Industry Forecast to 2030

Automated Material Handling Equipment Market by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028

Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) – Global Forecast to 2025

Service Robotics Market by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region – Global Forecast to 2028

Haptic Technology Market by Feedback Type (Tactile, Force), Component (Hardware (Actuators, Drivers & Microcontrollers) Software), Application (Consumer Devices, Automotive & Transportation, Commercial & Industrial) and Region – Global Forecast to 2028

About MarketsandMarkets™

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.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/mobile-robots-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/mobile-robots.asp