Mobile Collaborative Robots Market Growth Prospects, Key Vendors, and Future Scenario

The mushrooming demand for industrial automation solutions is fueling the requirement for mobile collaborative robots. The surging complexities of manufacturing processes, high labor costs, and labor shortage and the growing requirement for higher productivity are pushing up the demand for industrial automation across the world.

Additionally, many companies in developing countries such as India and China are increasingly using automation solutions for solving the issue of labor shortage and improving their productivity. According to the India Brand Equity Foundation (IBEF), automobile production in India grew at a CAGR of 2.36% during FY2016–2020. Moreover, the sales of automobiles surged at a CAGR of 1.29% during FY16–FY20 in the country.

The increasing automobile production is fueling the expansion of the automotive industry, which is, in turn, driving the growth of the mobile collaborative robots market. According to the estimates of the market research company, P&S Intelligence, the market value will rise from $543.3 million in 2019 to $6.8 billion by 2030. The market is also expected to advance at a CAGR of 26.3% from 2020 to 2030.


Geographically, the sales of these robots were the highest in the Asia-Pacific (APAC) region in the years gone by and this trend is predicted to continue in the forthcoming years as well. This is ascribed to the soaring investments being made in automation, surging population, and burgeoning requirement for consumer electronics in regional countries such as India, South Korea, and China.

Additionally, the mushrooming sales of electric vehicles are also driving the growth of the mobile collaborative robots market in APAC. Japan and China are dominating the industry, on account of the implementation of supportive government policies regarding the adoption of electric vehicles, including the provision of subsidies.

Therefore, due to the growing requirement for industrial automation and higher industrial productivity, the sales of mobile collaborative robots are booming all over the world.

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