Press release
Delivery Robots Market Projected to Reach USD 2,148.92 Million By 2032, Growing at a 30.7% CAGR
Delivery Robots Market
The global delivery robots market was valued at USD 193.08 million in 2023 and is expected to grow to USD 2,148.92 million by 2032, exhibiting a CAGR of 30.7% between 2024 and 2032.
Market Overview
A delivery robot is a completely automated delivery assistant performing full fledged as well as last mile delivery. The delivery can performed to remote areas as well as short distance areas. If the robot encounters an obstacle or any random hindrances, it can be remote controlled. It performs a host of functions such as food delivery, packaged goods delivery, daily groceries, and delivery of medicines in healthcare settings or from a hospital to another region. The delivery robot was increasingly used in the Covid 19 pandemic in order to maintain social distancing. Delivery robots also provide real time tracking of the parcel and updates on reaching its destination.
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Growth Drivers
• The ever expanding e-commerce industry is augmenting the delivery robot market as online retailers are constantly looking for ways to improve their supply chain and delivery operations. Delivery robots can help automate the delivery process, reduce costs, and improve the speed and efficiency of deliveries. Rising internet usage and expansion in the e-commerce sector have propelled the demand for products to be purchased online.
• With the growth of e-commerce, a vast number of consumers are shopping for grocery online, creating a demand for faster and more efficient delivery options. This factor is escalating the growth of revenue. Delivery robots are being developed by online grocers and retailers like Flipkart, Big Basket, and Amazon to carry out last-mile deliveries of goods.
Key Market Participants
• Boxbot
• Ninebot
• Kiwibot
• Cleveron AS
• Nuro
• Inc.
• Robby Technologies
• Panasonic Corporation
• Piaggio & C.SpA
• ST Engineering
• and Starship Technologies.
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Delivery Robots Market Report Highlights
• Load carrying capacity up to 10kg segment is expected to grow at fastest CAGR during the forecast period primarily due to high adoption in restaurants to deliver food parcels to doorsteps
• 4 wheeler delivery robots segment held largest share in the global market in 2022. This is linked to large preference towards 4 wheeler robots among many companies
• Food and beverages segment is dominated the global market in the fiscal year 2022. This is attributed to several market strategies implemented by food industry players
• North America is expected to hold the largest share during forecast period due to significant presence of delivery robot manufacturing companies
Segmental Analysis
• The delivery robots market is segmented into load carrying capacity, number of wheels, end use, and region.
• Based on number of wheels, the market is categorized into 3 wheels, 4 wheels, and 6 wheels. The 4 wheels segment dominated the global market in 2022 because the robots are suitable for a wide range of applications.
• Based on end use, the market is classified into food and beverages, retail, healthcare, and postal. The food and beverages segment held the largest delivery robots market share in 2022 because it is an industry that requires fast and reliable delivery of goods to customers.
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Regional Overview
Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyse policy related to global change.
The key regions and sub-regions of the Delivery Robots Market covered in the research report are:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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