PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463010
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463010
The global restaurant delivery robot market size is expected to reach USD 72.88 billion by 2032, according to a new study by Polaris Market Research. The report "Restaurant Delivery Robot Market Share, Size, Trends, Industry Analysis Report, By Type (Semi-Autonomous, Fully Autonomous); By Service Type; By Restaurant Type; By Load Capacity; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The restaurant delivery robot market is not confined to specific regions; it has a global scope. Companies are actively expanding their presence in both developed and emerging markets, adapting their technologies to diverse geographical and cultural contexts.
Continuous advancements in robotics, artificial intelligence, and sensor technologies contribute to the broad scope of the market. Innovations such as autonomous navigation, obstacle avoidance, and improved battery life enhance the capabilities and appeal of restaurant delivery robots.
The scope extends beyond traditional restaurants to include various food service establishments such as quick-service restaurants (QSRs), cafes, and even food trucks. Additionally, the market is exploring applications in non-food sectors, such as delivering groceries and pharmaceuticals.
The rising demand for speedy delivery of orders among consumers highly influences the growth of the restaurant delivery robot market. In restaurants, most of the food products are perishable, and consumers prefer hot servings of meals or other food products rather than cool, emphasizing restaurant owners to see effective and accurate delivery options. The adoption of restaurant delivery robots is a recent advancement in the food industry to address ongoing challenges in door-to-door food delivery by restaurant management.
Furthermore, the growing companies' initiatives in cost minimization and profit maximization are optimally boosting the adoption of restaurant delivery robots in the global space. According to the Restaurant Association, around 58% of restaurant operators said that technology and automation are expected to control labor shortages in the global market.
One of the main factors enabling restaurant companies to retain existing consumers is to facilitate enhanced consumer satisfaction, which can be achieved by speedy delivery of the order without compromising taste or quality. For instance, in May 2023, Serve Robotics announced the expansion of its partnership with Uber Ears with a plan to install around 2,000 sidewalk autonomous delivery robots in the United States.
The adoption of technological advancements by major companies is expected to boost enormous growth potential over the forecast period. Companies are working on the integration of machine learning, deep learning, and big data to enhance their food delivery mechanisms.
Moreover, the rising collaborative efforts by the institutions in adopting technological innovations are anticipated to propel market growth during the forecast timeframe.
The fully autonomous segment is expected to witness the highest growth during the forecast period due to its enhanced automation.
Full-service segment accounted for the largest market share in 2023, owing to the rising focus on automation in restaurant delivery operations.
In 2023, the chained restaurant segment held a significant revenue share due to the chance of a higher volume of food orders.
The Asia Pacific region is expected to witness the fastest CAGR during the forecast period, attributable to the rising number of people opting for online food delivery.
The global players include Amazon Robotics, Cleveron, Cyan Robotics, Miso Robotics, Panasonic Corporation and Segway Robotics.
Polaris Market Research has segmented the restaurant delivery robot market report based on type, service type, restaurant type, load capacity and region: