Press release
Delivery Robots Global Market Size, Share, Emerging Trends, Key Growth, Challenges and Forecast By 2033 | LG Electronics Inc.; Panasonic Corporation; Softbank Robotics Group Corp.; ABB Ltd.
Delivery Robots Global Market
According to The Business Research Company's, 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/delivery-robots-global-market-report
Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15156&type=smp
Major Key Players of the Market:
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.
Delivery Robots Market 2024 Key Insights:
• 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 Influence Of Rising E-Commerce And Online Food Industries
• Transforming Food Service With AI-Driven Delivery Robots
• North America was the largest region in the delivery robots market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15156&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Delivery Robots Global Market Size, Share, Emerging Trends, Key Growth, Challenges and Forecast By 2033 | LG Electronics Inc.; Panasonic Corporation; Softbank Robotics Group Corp.; ABB Ltd. here
News-ID: 3697625 • Views: …
More Releases from The Business research company
Next-Gen Biometric Authentication Market Size Forecasted To Achieve $25.99 Billi …
The Next-Gen Biometric Authentication Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Next-Gen Biometric Authentication Market Size and Projected Growth Rate?
The market size for next-generation biometric authentication has seen an impressive increase in recent times. The market is projected to expand from…
Rising Cases Of Premature Births Driving Growth In The Market Due To Increasing …
The Necrotizing Enterocolitis Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Necrotizing Enterocolitis Market Size and Its Estimated Growth Rate?
The market for necrotizing enterocolitis has seen a robust expansion in recent years. Projected to escalate from $4.83 billion in 2024 to…
Multi-Axis Force Torque Sensor Market Forecast 2025-2034: Comprehensive Analysis …
The Multi-Axis Force Torque Sensor Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Multi-Axis Force Torque Sensor Market?
In recent times, the market size for the multi-axis force torque sensor has shown substantial growth. It is projected to expand…
Evolving Market Trends In The Metal Power Transmission Chain Industry: Innovativ …
The Metal Power Transmission Chain Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Metal Power Transmission Chain Market Size During the Forecast Period?
Recent years have seen a robust growth in the size of the metal power transmission chain market. Expected to…
More Releases for Robotics
Edible Soft Robotics Market is Booming Worldwide with Rethink Robotics, ReWalk R …
Latest released Global Edible Soft Robotics Market Research Report provides detailed assessment about Key and emerging Players highlighting profiles, product portfolio, market price, and sales revenue to better derive market size estimation. With this evaluation the aim is to throw lights on Future trends, Growth Factors, opinions and facts derived from industry executives with statistically supported and validated market data. Furthermore, a clear explanation of How or Why this market…
Rehabilitation Robotics Market 2025 - Kinova Robotics, Rehab-Robotics Company, T …
Rehabilitation Robotics market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.
Check for the sample here - https://www.premiummarketinsights.com/sample/TIP00000795 …
Cloud Robotics Market | Kuka Robotics, ABB Group, Fanuc Corporation, Cavalry Rob …
Global Cloud Robotics Market: Snapshot
Cloud robotics leverages remote computing resources for greater memory, collective learning, computational power, and interconnectivity for applications in robotics. Those come in especially handy when storage or computational demands surpass on-board capacity. Massive resources in a datacenter are a great way to supplement the limited local resources.
Cloud robotics in the past few years has disrupted the functioning of robots drastically. From the single-purpose robotics of that…
Warehouse Robotics Market 2020 – 2027: Technological Advancement and Growth Op …
The Insight Partners delivers well-researched industry-wide information on the Warehouse Robotics Market. It provides information on the market’s essential aspects such as top participants, factors driving Warehouse Robotics market growth, precise estimation of the Warehouse Robotics market size, upcoming trends, changes in consumer behavioral pattern, market’s competitive landscape, key market vendors, and other market features to gain an in-depth analysis of the market. Additionally, the report is a compilation of…
Parallel Robots Market Key Player Analysis – ABB, Codian Robotics, Fanuc, Omro …
UpMarketResearch.com adds a new Parallel Robots Market research report for the period of 2019 - 2025 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/77782
Parallel Robots Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and…
Global Interactive Robots Market 2018 – Blue Frog Robotics, Pal Robotics, S …
This report studies the global Interactive Robots market status and forecast, categorizes the global Interactive Robots market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
Request Sample At: https://www.bigmarketresearch.com/request-sample/2807080
The major manufacturers covered in this report
Pal Robotics
Blue Frog Robotics
Softbank Robotics
Vstone
Savioke
Ecovacs Robotics
AvatarMind
Robot Care System
Bossa Nova Robotics
Future Robotics
ASUS
Fellow Robots
Honda
Geographically, this report studies…
