PUBLISHER: The Business Research Company | PRODUCT CODE: 1499821
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499821
Delivery robots, also referred to as autonomous delivery robots or delivery drones, are unmanned vehicles engineered to autonomously transport goods, parcels, or food items from one location to another without direct human involvement. These robots employ a blend of sensors, cameras, GPS navigation, and artificial intelligence algorithms to navigate their surroundings, evade obstacles, and safely reach their destinations.
The primary components of delivery robots comprise hardware and software. Hardware encompasses the physical components of the delivery robot, including the chassis, motors, sensors, and other mechanical parts that contribute to their physical capabilities such as durability and maneuverability. They are distinguished by the number of wheels, ranging from 2-wheel robots to 6-wheel robots, with speed limits varying from up to 3 kph to higher than 6 kph. Additionally, robots are categorized based on their load-carrying capacities, ranging from up to 10 kg to more than 50 kg. These robots find application across various industries including food and beverage, retail, healthcare, postal service, and others.
The delivery robots market research report is one of a series of new reports from The Business Research Company that provides delivery robots market statistics, including delivery robots industry global market size, regional shares, competitors with a delivery robots market share, detailed delivery robots market segments, market trends and opportunities, and any further data you may need to thrive in the delivery robots industry. This delivery robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historical period can be attributed to several factors, including the escalating adoption of delivery robots in the retail industry, substantial investments aimed at enhancing logistics infrastructure, expansion in the hospitality and healthcare sectors, and the rising demand for fostering economic development in 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 projected growth in the upcoming period can be attributed to several factors, including the expanding utilization of delivery robots on college campuses, the surge in e-commerce and online food industries, increasing government initiatives and investments in robot manufacturing companies, and a rise in venture funding. Major trends anticipated in the forecast period encompass advancements in the features of autonomous delivery robots, the proliferation of robotic solutions across various sectors, innovations in formulations, localization of manufacturing processes, increased investment in the industry, and the implementation of the latest safety standards and testing protocols.
The upward trajectory of the delivery robot market is poised to receive a significant boost from the burgeoning e-commerce and online food sectors. E-commerce, the digital exchange of goods and services, and the online food industry, focused on digital ordering and delivery of food, owe their growth to societal digitalization, technological progress, shifting consumer preferences toward convenience, and expanded internet accessibility. Both industries leverage delivery robots to streamline last-mile delivery, cut operational costs, boost efficiency, and meet the rising demand for swift, convenient delivery options. These robots, employing autonomous technology, navigate urban landscapes to bring goods directly to customers' doorsteps.
Leading companies in the delivery robot sector concentrate on crafting autonomous delivery solutions, exemplified by Servi, to refine route planning, adapt to changing environments, and enhance efficiency through AI-powered decision-making. Servi, an autonomous delivery robot, adeptly transports goods sans human intervention, traversing sidewalks, streets, or designated pathways to complete last-mile deliveries. Notably, Bear Robotics Inc., a US-based engineering and robotics firm, introduced Servi in February 2023 to revolutionize the food service industry. Servi assists staff by serving drinks and food, clearing tables, and enables employees to deliver exemplary customer service. Equipped with AI and autonomous technology, Servi boasts 100% self-driving capabilities, LiDAR sensors, and multiple cameras for intelligent navigation, learning different table locations and returning to its base after deliveries.
In August 2021, Zebra Technologies Corporation, a US-based computing technology company, acquired Fetch Robotics Inc., a US-based robotic manufacturer specializing in autonomous delivery robots, for an undisclosed sum. This acquisition aims to integrate technology and tools, including hand-held scanners, self-navigating robots, and software, to facilitate seamless collaboration between human workers.
Major companies operating in the delivery robots market 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.
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 countries covered in the delivery robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The delivery robots market consists of sales of ground-based wheeled robots, ground-based autonomous vehicles, aerial drones, robotic couriers, and maritime or underwater robots. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Delivery Robots Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on delivery robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for delivery robots? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The delivery robots market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.