The Global Mobile Robots Market size is estimated at USD 5.48 billion in 2023, and is expected to reach USD 18.48 billion by 2028, growing at a CAGR of 27.50% during the forecast period (2023-2028).
Due to increased e-commerce activity worldwide, demand for mobile robots is expanding. Due to their capacity to maneuver autonomously in challenging situations, factors such as growing warehouse automation and rising acceptance of these robots across various industries are further projected to drive market expansion. Furthermore, the rising adoption of automated material handling and trends like lights-out automation will likely drive market expansion throughout the projection period.
The mobile robots market is fragmented and comprises several companies vying for attention in a fairly contested market space. Further, companies' strategic decisions, such as new product launches, investments, and collaborations, are expected to change the competitive landscape.
For instance, in March 2023, WEG announced the launch of the first version of the WMR (WEG Mobile Robot), which aims to enhance the operational efficiency of activities carried out in industries that require internal transport.
On the other hand, in March 2023, PeakLogix announced its partnership with Peer Robotics to bring innovative robots to the material handling industry. Their collaborative autonomous mobile robot (AMR) is revolutionizing robotics and material movement with its ability to learn from humans in real-time, which facilitates the robot's easy deployment across warehousing and manufacturing environments with no changes to existing infrastructure, even by facility staff who lack experience with robots.
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