Press release
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.
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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).
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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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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.
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