Delivery Robots Global Market Report 2024 by The Business Research Company | LG Electronics Inc.; Panasonic Corporation; Softbank Robotics Group Corp.; ABB Ltd.; Omron Corporation; Fanuc Corporation; Kuka AG; Amazon Robotics; Nuro Inc.

The delivery robots market size has grown exponentially in recent years. It will grow from $0.50 billion in 2023 to $0.68 billion in 2024 at a compound annual growth rate (CAGR) of 35.0%. The growth in the historic period can be attributed to the increasing use of delivery robots in the retail industry, significant investments in improving logistics, growth in the hospitality and healthcare industries, and increasing demand for promoting the economies of underdeveloped areas.

The delivery robots market size is expected to see exponential growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 35.4%. The growth in the forecast period can be attributed to the increasing use of delivery robots on college campuses, rising e-commerce and online food industries, increasing government initiatives and investments in robot manufacturing companies, and an and an increase in venture funding. Major trends in the forecast period include advancements in features of autonomous delivery robots, the increasing presence of robotic solutions, newer formulations, localization of manufacturing, increasing investment, and the and the implementation of the latest safety standards and testing.

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Delivery Robots Market Major Segments
The delivery robots market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Number Of Wheels: 2-Wheel Robots, 3-Wheel Robots, 4-Wheel Robots, 6-Wheel Robots
3) By Speed Limit: Upto 3 Kph, High Than 3 Kph Upto 6 Kph, Higher Than 6 Kph
4) By Load Carrying Capacity: Upto 10 Kg, More Than 10 Kg Upto 50 Kg, More Than 50 Kg
5) By End-Use: Food And Beverage, Retail, Healthcare, Postal Service, Other End-Uses

Key Driver - The Influence Of Rising E-Commerce And Online Food Industries

The rising e-commerce and online food industries are expected to propel the growth of the delivery robot market going forward. The e-commerce industry involves buying and selling goods and services online. In contrast, the online food industry specifically focuses on the digital ordering and delivery of food products and services. The rise of the e-commerce and online food industries can be attributed to the increasing digitalization of society, technological advancements, changing consumer preferences towards convenience, and the expansion of internet access. The e-commerce and online food industries use delivery robots to streamline last-mile delivery processes, reduce operational costs, enhance efficiency, and meet increasing consumer demand for fast and convenient delivery options, leveraging autonomous technology to navigate urban environments and deliver goods directly to customers' doorsteps. For instance, in February 2024, according to the data released by the United States Census Bureau, a US-based government agency, e-commerce sales in the USA were $1,118.7 billion in 2023, an increase of 7.6% from 2022. Therefore, the rising e-commerce and online food industries are driving the growth of the delivery robot market.

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Prominent Trend - Transforming Food Service With AI-Driven Delivery Robots

Major companies operating in the delivery robot market are focusing on developing autonomous delivery robots, such as Servi, to optimize route planning, adapt to dynamic environments, and enhance efficiency through AI-driven decision-making processes. Servi is an autonomous delivery robot designed to transport goods from one location to another without human intervention, navigating sidewalks, streets, or designated routes to complete last-mile deliveries. For instance, in February 2023, Bear Robotics Inc., a US-based engineering and robotics design company, launched Servi, a new service robot designed to revolutionize the food service industry by assisting staff in serving drinks and food, clearing tables, and allowing employees to focus on delivering outstanding service to customers and patients. Servi is equipped with AI and autonomous robot technology, 100% self-driving capabilities, LiDar sensors, and multiple cameras for intelligent navigation. It can learn different table locations and return to its post after deliveries.

Delivery Robots Market Players
Major companies operating in the delivery robots market report are LG Electronics Inc.; Panasonic Corporation; Softbank Robotics Group Corp.; ABB Ltd.; Omron Corporation; Fanuc Corporation; Kuka AG; Amazon Robotics; Nuro Inc.; Boston Dynamics Inc.; Kiwibot; Aethon Inc.; Pypestream Inc.; Savioke Inc.; Bear Robotics Inc.; Starship Technologies Inc.; Connected Robotics Inc.; PAL Robotics SL; Hyundai Robotics Co. Ltd.; RobotLAB Inc.; TeleRetail; Refraction AI; Relay Robotics Inc.; Robby Technologies Inc.; Hanson Robotics Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the delivery robots market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the delivery robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Delivery Robots Market Report Structure
3. Delivery Robots Market Trends And Strategies
4. Delivery Robots Market - Macro Economic Scenario
5. Delivery Robots Market Size And Growth
…..
27. Delivery Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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