Increasing demand for delivery robots in the retail industry and growing labor charges for last-mile deliveries

Increasing demand for delivery robots in the retail industry and growing labor charges for last-mile deliveries, drive the delivery robots market growth in North America. Owing to various research programs supported by the government of North American countries, North America is expected to hold the largest share of the delivery robots market in 2018. It has invested millions of dollars in robotics research projects, most of which are defense-related projects. North America has been home to many delivery robot manufacturing companies, such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.



The market for robots with load carrying capacity of up to 10.00 kg to grow at the highest CAGR during 2018–2024

Robots with a load carrying capacity of up to 10.00 kg are mainly adopted by local restaurants for the delivery of food parcels and beverages to consumers. As these robots weigh around 25 kg, they are capable of carrying limited weight and adopted to deliver products in a shorter range. The existing challenge of traffic congestion that restricts the easy movement of autonomous vehicles puts limitations on the dimensions of robots. Hence, the growth of the market for delivery robots with a load carrying capacity of up to 10.00 kg is driven by their small form factor.

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Hardware to dominate delivery robots market in 2018

Hardware contributes majorly to the development cost of a robot. Robot development stages such as designing, building, programming, and testing a robotic system are a combination of physics, mechanical engineering, electrical engineering, structural engineering, mathematics, and computing. The larger market share of hardware can be attributed to the costly components such as LiDAR sensors and radars. The LiDAR sensor provides high-resolution, three-dimensional information about the surrounding environment to the delivery robot. This sensor not only locates the position of people and objects around the vehicle but also assesses the speed and route at which they are moving.



Delivery robots with load carrying capacity of more than 50.00 kg to hold the largest market size by 2018
The high rate of adoption of delivery robots with load carrying capacity of more than 50.00 kg for e-commerce applications in the retail industry is the key factor driving the market. Apart from e-commerce applications, robots with a load carrying capacity of more than 50.00 kg are mainly used to deliver groceries and heavy parcels ordered by online shoppers. However, robots under this category need to follow a comparatively large number of regulations than the robots belong to other 2 categories because delivery robots with more than 50.00 kg load carrying capacity travel on streets rather than sidewalks, thereby requiring effective traffic management.

The market for delivery robots with higher than 6 kph speed to grow at the highest CAGR during the forecast period
The speed limit has been the key factor for the manufacturer and the lawmaker as it proves to be vital for the safety of human commuters. However, the low speed will affect the operational efficiency, and it would result in the high cost of delivery. The speed limit allowed for a pedestrian robot is generally up to 6 kph. Technologically advanced delivery robots have made it possible to deliver different kinds of items quickly and efficiently. This factor is expected to fuel the growth of the market for delivery robots with higher than 6 kph speed during the forecast period.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
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This release was published on openPR.