Rising E-commerce Sector to Boost the Global Delivery Robot Market to US$4604 mn by 2025

The introduction of delivery robots has revolutionized delivery systems to provide low cost and efficient solutions. Industries are increasingly moving towards delivery robots, owing to the awareness and adoption of technological advancements. Many e-commerce giants as well as offline businesses are adopting this new technology to reduce the cost of last mile delivery. Delivery robots can be used to deliver multiple goods such as food, shipments, postal, and couriers.

According to a research report by QY Research titled, “Global Delivery Robots Market Report, History and Forecast 2014-2025” the market of delivery robot is expected to rise at a CAGR of 9.9%. The global market for delivery robots was worth US$2350 mn in 2018 and is projected to be worth US$4604 mn by the end of 2025.

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Research Methodology:

The research report is presented by accumulation and analysis of data by using primary and secondary methodology. Researchers have used Porter’s five forces analysis for scrutinizing competition present in the global delivery robots market. Suppliers, customers, potential new market entrants, and substitute products influencing a company profitability have also been evaluated in this research report. These elements can be used to guide business strategies for a competitive advantage. The report provides historic and forecast data of the market for readers to understand the changing market dynamics.

E-commerce sectors Drive Growth of Global Delivery Robots Market

Customers are shifting towards online shopping due to the discounts and doorstep delivery, which is boosting e-commerce sector. In order to keep up with the rising demand, e-commerce sector is aiming to provide efficiency in delivery and reducing last mile cost. To fulfil those needs they are increasingly adopting delivery robots. These robots are capable of delivering anything from groceries to heavy parcels. They are designed in a way to reduce last mile delivery cost and time compared to actual manual effort. This has increased their popularity amongst companies, which has positively influenced the global market. These robots can navigate, dynamically plan path, route map, and identify obstacles. The delivery robots are updated with click and collect smart lockers, pick up locations detectors, and others. All of these factors are expected to boost the demand for delivery robots during the forecast period.

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Food and Beverage to Contribute to Global Delivery Robots Market

The global delivery robots market is divided into type and application. The type segment is primarily split into up to 10.00 kg, 10.01–50.00 kg, and more than 50.00 kg. The more than 50.00 kg segment is expected to rise due to the increasing need of cargo shipments. The application segment includes food and beverages, retail, healthcare, postal, and others. The food and beverage segment is expected to be the key contributor to the global delivery robots market as food delivery via third party will remain integral to the booming hospitality industry.

North America to Lead the Global Delivery Robots Market

North America is expected to hold the largest share due to the increasing demand of delivery robots in its retail industry and growing labor charges for last-mile deliveries. Also, increasing restrictions on the usage of the drones is creating growth opportunity for the market. Increasing e-commerce sector in Asia Pacific region is also expected to drive the growth of global delivery robots market in the region.

The key players in the market are Starship Technologies, Robby Technologies, Amazon Robotics, Boston Dynamics, Robomart, Eliport, Piaggio Fast Forward, Box Bot, Savioke, Dispatch, TeleRetail, Marble, Nuro, and Jingdong are some of the key players in the global delivery robot market.

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