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Delivery Robots Market Segments, Analysis, Trends, Opportunities And Strategies 2024-2033
Delivery Robots Market Segments
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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