RoboInd market brief: Mobile Robots Market is entering a new expansion phase, with public market data placing the opportunity at USD 20.3 billion in 2023 with a stated CAGR of 14.9%. The mobile robots market size is expected to grow from USD 20.3 billion in 2023 to USD 40.6.
Market snapshot
- USD 20.3 billion in 2023
- USD 40.6 billion in 2028
The stated growth rate is 14.9% CAGR for the published forecast window (2023–2028).
What is changing
The mobile robots market size is expected to grow from USD 20.3 billion in 2023 to USD 40.6 billion by 2028, at a compound annual growth rate (CAGR) of 14.9% during the forecast period.The key players KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US).
Key market signals include Increasing adoption of mobile robots for healthcare and personal use; Limited adaptability of mobile robots to unstructured environments; Adoption of industry 4.0 technologies in warehousing and industrial automation.
Regional direction
Competitive landscape
Public market coverage identifies participants including KUKA, ABB, Honda Motor, Mobile Industrial Robotsand Omron Automation. These names indicate activity across the value chain and should not be read as a uniform ranking.
Market outlook
Growth will depend on the conversion of technical capability into repeatable deployments, measurable productivity gains and maintainable operating economics. Buyers are likely to weigh integration, workforce readiness, interoperability and lifecycle support alongside equipment performance.
Market reading: Figures are presented within their stated market definition and forecast window. They should not be combined with figures from other definitions without normalization.