A recent report published by Infinium Global Research on the delivery robots market provides an in-depth analysis of segments and sub-segments in the global as well as regional delivery robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional delivery robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global delivery robots market. According to the report, the global delivery robots market was worth over USD 250 million in 2021 and is expected to reach up to USD 1000 million by 2027, growing with a CAGR of 25.09% over the forecast period of 2021-2027.
Robots deliver groceries and parcels to commercial and residential customers. Although most deployments are at the pilot level, on-Road Autonomous Delivery Robots (RADRs) might be able to meet the growing delivery demands generated by E-Commerce, which is growing at a double-digit annual rate. The delivery robots have the potential to reduce delivery costs in many scenarios. Hence, it is likely that delivery companies try to implement this cost-saving technology to meet growing eCommerce demands.
Restaurants that can’t open their doors due to the COVID outbreak are tapping into delivery services to preserve some revenue but many delivery workers say they don’t feel safe. Hence, some robot makers are using the surge of interest during the pandemic to test and demonstrate their tech in new ways. For instance, Starship Technologies has launched its smallish, sidewalk-traversing delivery robots in five new places in the US since shelter-in-place orders hit. The coronavirus outbreak may have limited business for many companies, but if one happened to be able to offer robots for delivery service like Starship Technologies could, business is booming. As robotic delivery services can promise contactless delivery under mandates of social distancing. Internet retailers are always looking for new ways to enhance the customer experience that reduce delivery times and simplify the ordering process. There are some radical new e-commerce technologies.
The increasing awareness about the potential of delivery robots to provide delivery at reduced labor costs is expected to drive the growth of the delivery robots market. Furthermore, companies are investing in delivery robots because those living in cities expect immediate or scheduled delivery. Robots could save companies a lot of money in delivery costs. However, stringent regulations are affecting the growth of the market. Moreover, the existing e-commerce giant like Alibaba, Amazon, and Walmart are adopting delivery robots for efficient delivery which creates lucrative growth opportunities for the delivery robots manufacturers. E-commerce companies have become a very popular industry and are growing at a good rate. These companies are finding different ways of being innovative in their business approach and one such example that companies are exploring is quick deliveries of products through delivery robots. For instance, Amazon is working on a way to deliver goods using robots. The company has already spent several years trying to figure out drone deliveries, and now its Scout vehicle is taking to the streets. A fleet of six Scout robots deliver packages to Amazon Prime customers in the Snohomish County of Washington.
North America dominates in the global delivery robots market. A growing large number of start-ups and manufacturers working towards the development of autonomous delivery robots in this region is driving the growth of the market. According to the United States Census Bureau’s Quarterly E-Commerce Report, Commerce sales in the United States (US) have increased at an average annual rate of 16% in the 4 past two decades. Considering that the amount of time people deem acceptable for delivery times is shortening and E-Commerce sales are consistently increasing, delivery companies are likely to invest in technologies that increase delivery drivers’ productivity. Furthermore, the growing demand for last-mile delivery solutions coupled with the increasing utilization of delivery robots is favoring the market growth in the region. Moreover, the Asia-Pacific delivery robot industry is poised to record a healthy growth rate. The rising per capita income is augmenting the regional demand for delivery robots.
The report on global delivery robots market covers segments such as load carrying capacity, component, number of wheels, and end user industry. On the basis of load carrying capacity, the sub-markets include more than 50 kg up, up to 10kg, and 10.01–50.00kg. On the basis of component, the sub-markets include control systems, LiDAR sensors, hardware, GPS, cameras, radar, chasis and motors, software, and others. On the basis of number of wheels, the sub-markets include 3 wheels, 4 wheels, and 6 wheels. On the basis of end user industry, the sub-markets include retail, food & beverages, healthcare, postal, and others.
The report provides profiles of the companies in the market such as Starship Technologies, Panasonic System Solutions, Nuro Inc, Amazon Robotics, Boston Dynamics, Savioke, Robomart, Robby Technologies, Eliport, and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of delivery robots market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.