With 35.1% CAGR, Delivery Robots Market Growth to Surpass USD 957 million
The delivery robots market is expected to be valued at USD 957 million by 2026; it is expected to grow at a CAGR of 35.1% from 2021 to 2026.Reduction in delivery costs in last miledeliveries, and Increase in venture funding are the key factors driving the growth of the delivery robots market. Further, Worldwide growth of e-commerce market are factors propelling the growth of the delivery robots market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263997316
3 kph to 6 kph segment is estimated to register the largest market share during the forecast period
The delivery robots market for 3 kph to 6 kph speed limit accounted for the largest market share in terms of value in 2020. Many states in North America have allowed delivery robots to operate at a top speed of 10 mph. This allows delivery robots to reduce delivery time and provide delivery in the least possible cost. The maximum permissible speed limit for delivery robots is expected to further increase in developed countries with innovations in the field of robotics. This will create wide opportunities for the implementation of delivery robots in various applications, such as food delivery, postal parcel delivery, and grocery delivery for a shorter distance. Hence, 3 kph to 6 kph speed limit delivery robots accounted for the largest market share.
The market for the retail industry to hold the largest share of the delivery robots market in 2021
The retail industry held the largest share of the delivery robots market in 2021. There is a significant rise in the adoption of delivery robots in the retail industry for e-commerce applications as the last-mile delivery holds a primary and highest cost-consuming phase of the entire supply chain. In this report, the use of delivery robots for delivering cargo is also considered under the retail industry. Piaggio Fast Forward has developed gita that carries cargo and travels with people. Further, the use of delivery robots to distribute grocery is also considered under this industry.
The delivery robots market in North America is expected to be largest market share in the forecast period
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. 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.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=263997316
Key players operating in the delivery robots market are Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), and Eliport (Spain).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release With 35.1% CAGR, Delivery Robots Market Growth to Surpass USD 957 million here
News-ID: 2703961 • Views: …
More Releases from MarketsandMarkets
Carbon & Graphite Felt Market worth $871 million by 2029 | Key players SGL Group …
According to recent market research the "Carbon & Graphite Felt Market by Product Type (Soft Felt and Rigid Felt), Raw Material type (PAN, Rayon, and Pitch), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region - Global Forecast 2029", is estimated at USD 551 million in 2024 and is projected to reach USD 871 million by 2029, at a CAGR of 9.6% from 2024 to 2029.…
Silicone Market worth $27.0 billion by 2027 | Key players Wacker Chemie AG (Germ …
According to recent market research the "Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), and Region - Global Forecast to 2027", is approximated to be USD 18.5 billion in 2022, and it is projected to reach USD 27.0 billion by 2027, at a CAGR of 7.8%. Factors such as Superior properties of…
Progressing Cavity Pump Market is Projected to Reach $3.6 billion by 2029 | NETZ …
According to a research report "Progressing Cavity Pump Market by Power Rating (Up To 50 Hp, 51-150 Hp, Above 150 Hp), Pumping Capacity, End-User (Oil & Gas, Water & Wastewater Treatment, Food & Beverage, Food Waste, Biogas, Battery Recycling) and Region - Global Forecast to 2029" published by MarketsandMarkets, the Progressing cavity pump market is anticipated to witness a significant expansion, with the market size projected to reach approximately USD…
Aircraft Electric Motors Market Set to Grow at the Fastest Rate- Time to Grow yo …
The aircraft electric motors market size is projected to grow from USD 8.2 Billion in 2022 to USD 12.9 Billion by 2027, at a CAGR of 9.4% from 2022 to 2027. The anticipated growth in demand for commercial aircraft is driving market expansion.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3248447
Engine Control Systems is expected to account for the largest share in 2022
Based on application, engine control systems segment is projected to lead the…
More Releases for North
North America Epoxy Composites Market
North America Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber, Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin, Melamine Resin), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to…
North America Drone Simulator industry report - North America Drone Simulator Ma …
The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028.
The latest North America Drone Simulator Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis…
UberJets Helping People Get North!
In 2022 consumers have the freedom to purchase, order, or reserve, practically anything with a click of a button. Buying has never been more transparent through the utilization of mobile app technology. Typically, users can perform tasks such as book a hotel or purchase game tickets all from an app; so it only makes sense that one can order a private aircraft to get to anywhere, and anytime using the…
North America Apnea Monitors Market : North America Opportunity Analysis and Ind …
CRIFAX has recently announced its latest research report on 'North America Apnea Monitors Market, 2020-2028' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated…
North America Footwear Market -Consumers In North America Are More Inclined Towa …
In the last couple of years, North America has emerged at the forefront of the fashion and sports apparel industry. Not only has easy and uninterrupted internet access bolstered consumer awareness regarding the latest buzz in the fashion scenario, but it has also helped them shop for the products they want with a simple touch of their fingers on their smartphones or tablets. The developed countries in the region such…
Electrical Fuses Market: Production Enterprise To Become Main Application Phase …
The North America electrical fuses market is likely to witness the advent of more compact and slimmer electronics with leading players vying to cater to ever-changing consumer preferences. The development of the latest technologies and innovation have thus emerged as the most defining trends in the market. The electrical fuses market in North America is primarily driven by the rising demand for electricity and efficient power delivery systems. Besides this,…