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Delivery Robots Market is predicted to grow at a high CAGR of 31.5% during 2022-2029 | Size, Industry Analysis & Forecast
Delivery Robots Market
Delivery Robots Market is estimated to grow at a significant CAGR of 31.5% over the forecast period, 2022-2029.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/delivery-robots-market-analysis-industry-research/
The factors driving growth of the Delivery Robots Market includes rapid growth in the e-commerce sector, rise in the number of online grocery stores, increasing application of delivery robots in Food and Beverages, Hospitality and Healthcare industries and growing focus by major companies on testing autonomous delivery bots at college campuses and cities. According to the report published by Statista, the market value of online grocery in India was estimated around INR 150 billion in 2020 and is expected to reach INR 1,170 billion by the end of 2024, which will accelerate the Global Delivery Robots Market in the approaching years. Moreover, integration advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) with delivery robots, Government regulations regarding environmental emissions and increasing labor costs around the world, are some of the additional factors supplementing the Delivery Robots Market size. In addition, the increasing investments by major companies on research and development, rising disposable incomes and growing population growth rates, are further contributing to the market growth.
However, growth of the Delivery Robots Market is hindered due to strict regulation regarding the use of delivery robots.
The leading players operating in the market are Boston Dynamics., Robomart.com, Eliport, Inc., Starship Technologies, JD.com, Inc., Panasonic Corporation, Piaggio Fast Forward, TeleRetail., Nuro LLC, Robby and Boston Dynamics., among others.
Based on Number of Wheels, the 4 Wheels segment is predicted to grow at a significant CAGR during the forecast period
4 wheels delivery robots reduce the distances between front and rear set of wheels along with its increasing application for delivering groceries and food orders, are some of the factors responsible for the segment's growth.
Based on End-User Industry, the Retail segment is projected to expand at a remarkable CAGR over the forecast period
Growing trend of online shopping and increasing internet penetration rates, are pushing growth of the segment.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
Presence of the leading players such as Piaggio Fast Forward, Starship Technologies and Boston Dynamics, growing trend of online shopping, rising population growth rates, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
In 2021, Domino's, partnered with Nuro, Inc., an autonomous delivery robot producer, to offer driverless deliveries. This partnership helped Nuro, Inc. deliver domino's orders to customers through its autonomous delivery robot.
In 2020, Starship Technologies partnered with Save Mart Companies to introduce its on-demand grocery delivery service.
In 2020, JD.com, Inc. a major stake in the Chinese express transport company Kuayue Express Group. This acquisition will enable, JD Logistics, the logistics arm of JD.com, to operate with Kuayue Express, an organization regarded as a front-runner in the limited-time express service.
In 2020, Nuro LLC collaborated with CVS Pharmacy to start delivering prescriptions through driverless vehicles.
Market Segmentation
Segmentation by Load Carrying Capacity
Up to 10 KG
More than 10 kg Up to 50 KG
More than 50.00 KG
Segmentation by Component
Hardware
Ultrasonic/ LIDAR Sensors
Chassis and Motors
Control Systems
Radars
GPS
Cameras
Others
Software
Fleet Management Software
Computer Vision
Segmentation by Number of Wheels
3 Wheels
4 Wheels
6 Wheels
Segmentation by Speed Limit
3 KPH
Higher than 3 KPH up to 6 KPH
Higher than 6 KPH
Segmentation by End-User Industry
Food & Beverages
Retail
Healthcare
Postal
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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