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Mobile Robots Market Research Report By Robot Type (Autonomous Guided Vehicles (AGVs) (Underride AGVs, Tow tractors, Unit load AGVs ,Forked AGV), Autonomous Mobile Robots (AMRs)(Transport Inventory AMRs, Picking Assist AMRs, Sortation AMRs)), Application(Material Handling Logistics, Inspection Maintenance, Cleaning Disinfections, Security Surveillance, Intralogistics Transportation, Last Mile Delivery), End Use Industry (Manufacturing, Logistics Distribution, Healthcare, E-Commerce Retail, Automotive ), Region- Industry Forecast Till 2032

In 2022, the mobile robots market was estimated to be worth USD 4,893.4 million. The market for mobile robots is anticipated to expand at a compound annual growth rate (CAGR) of 6.90% from USD 5,271.6 million in 2023 to USD 9,577.4 million by 2032. Robots that are mobile may move around in their surroundings and are not restricted to a single spot. Mobile robots are increasingly being used in commercial and industrial settings. Hospitals have traditionally employed autonomous mobile robotics for the transfer of materials.

Warehouses have started using mobile robotic systems to move goods from order fulfillment areas to stocking shelves efficiently. As more and more industries embrace the concepts of Industry 4.0, mobile robots are becoming indispensable to the conversion of conventional industrial sites into intelligent and productive production centers. Robots that are mobile are those that function as machines under strict software control, utilizing sensors and additional technologies such as artificial intelligence to sense their surroundings and navigate their environments. Artificial intelligence (AI) and mechanical robotic components, like wheels, rails, and legs, are combined to power mobile robotics.

Insights on Market Segments
According to the type of robot, the market for mobile robots is divided into two segments: autonomous mobile robots (AMRs), which are further divided into transport inventory AMRs, picking assist AMRs, sortation AMRs, and others; and autonomous guided vehicles (AGVs), which are further divided into underride AGVs, tow tractors, unit load AGVs, and forked AGVs.

The market for mobile robots is further segmented based on application, including last mile delivery, material handling and logistics, intralogistics and transportation, cleaning and disinfection, inspection and maintenance, and security and surveillance.

The market is further divided and subdivided into manufacturing, logistics & distribution, healthcare, E-commerce & retail, automotive, and other industries based on the end use industry.

Regional Perspectives
Of all the regions, Asia Pacific held the most market share. Due to the region's growing manufacturing sector, booming e-commerce, and increased demand for logistics and transportation, Asia Pacific is predicted to see significant development in the sale of mobile robots. The Southeast Asian subregion's e-commerce business is expanding faster than the rest of its Asian neighbors' economies, despite the region's fledgling e-commerce infrastructure. The subregion has enormous potential for growth with improved digital policy, e-commerce business models, and infrastructure.

Due to the recent expansion of the e-commerce business in the region and the growing car industry in Europe, the continent will also see significant growth. The EU's top investment in R&D is the automotive industry. Process optimization and enhanced productivity are the results of the very high degree of repeatability and precision made possible by the employment of robots in automotive production processes. Automation in the automobile sector is being revolutionized by autonomous mobile robots, or AMRs. Because of their accuracy, adaptability, and safety when working with humans, AMRs are quickly becoming a valuable asset. AMRs simplify operations, cut costs, and boost productivity in a variety of settings, including material handling and assembly lines.

Major Players
ABB LTD, KUKA AG, OTTO Motors, Omron Corporation, Zebra Technologies, Aethon Inc, Clearpath Robotics Inc, Mobile Industrial Robots, Locus Robotics, Capra Robotics, BOSTON DYNAMICS, SWISSLOG HANDLING AG, and BLUeBOTICS SA are some of the prominent players in the mobile robots market that have helped to drive the industry's growth.