ID: MRFR/SEM/6082-HCR | 100 Pages | Author: Ankit Gupta | March 2024
Delivery Robots Market Size was valued at USD 4 Billion in 2022 and is projected to grow from USD 14 Billion in 2023 to USD 30 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 25.00% during the forecast period (2023 - 2030). Increasing demand for delivery robots in various retail industries like the food and beverages industry, postal services, healthcare, and pharmaceutical industries creates more demand are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The growth of the e-commerce market worldwide has been a major factor driving the growth of the delivery robots market. With the rise of online shopping, there has been an increasing demand for faster and more efficient delivery services, which has led to the development of delivery robots. Delivery robots can be used for the last-mile delivery of packages, food, and other goods. They offer several advantages over traditional delivery methods, including lower costs, increased efficiency, and improved safety. Delivery robots can also be used to deliver goods in areas that are difficult to reach by human delivery personnel, such as high-density urban areas or remote locations.
Furthermore, the increasing demand for contactless delivery solutions due to the COVID-19 pandemic has also fueled the growth of the delivery robots market. As people become more concerned about their health and safety, delivery robots offer a convenient and contactless delivery solution that minimizes human interaction. Overall, the increasing growth of the e-commerce market and the increasing demand for faster and more efficient delivery services are driving the growth of the delivery robots market. The market is expected to continue growing in the coming years as more businesses adopt delivery robots to meet the growing demand for contactless delivery solutions. Therefore, such factors related to Delivery Robots have enhanced the Delivery Robots market CAGR across the globe in recent years.
The Delivery Robots market segmentation, based on components, includes Hardware, Software, and Services. The hardware segment held the majority share in 2022 of the Delivery Robots market revenue. The hardware segment is expected to have the largest share in the Delivery Robots market, due to the increasing demand for delivery robots and the need for robust and reliable hardware components. The hardware segment includes components such as robots, sensors, cameras, and other necessary components for the delivery robots to operate effectively.
The Delivery Robots market segmentation, based on type, includes Fully Autonomous, Semi-Autonomous. The Fully Autonomous segment held the majority share in 2022. The fully autonomous segment is expected to have the largest share in the Delivery Robots market, due to the increasing demand for contactless and efficient delivery solutions. Fully autonomous delivery robots are equipped with advanced technologies such as machine learning, computer vision, and autonomous navigation systems that allow them to operate without human intervention. These robots can perform deliveries on their own, which reduces the need for human involvement and increases the efficiency of the delivery process.
Based on load capacity, the Delivery Robots market segmentation includes up to 10kg, 10.01-50kg, and more than 50kg. The Upto 10kg segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. Delivery robots with a load capacity of up to 10kg are most commonly used for the last-mile delivery of small packages, food, and other light goods. They are relatively small in size, lightweight, and easy to maneuver, making them ideal for navigating through crowded urban areas. These all factors for Delivery Robots positively impact market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Delivery Robots market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Delivery Robots industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Delivery Robots. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Delivery Robots industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Delivery Robots industry to benefit customers and expand the market sector. Major Delivery Robots market players, including Amazon Robotics, Robby Technologies, Robomart, Boston Dynamics, Eliport, Starship Technologies, Panasonic, Jd.Com, Nuro, Savioke, Marble, Dispatch, Piaggio Fast Forward, Teleretail and BoxBot, and others, are attempting to increase market demand by funding R&D initiatives.
Amazon Robotics, formerly known as Kiva Systems, is a subsidiary of Amazon.com that specializes in the development and manufacture of advanced robotic systems for use in fulfillment centers. Amazon Robotics provides a range of robotic solutions for automating the order fulfillment process in e-commerce and retail operations. Its robots are designed to work in concert with human workers to pick, sort, and package items for delivery to customers. The company's robots are characterized by their ability to navigate autonomously within fulfillment centers, avoiding obstacles and collaborating with workers to get the job done efficiently.
Robby Technologies is an American robotics company that specializes in the development and manufacture of autonomous delivery robots. Robby Technologies develops robots that are designed to make last-mile deliveries, providing a convenient and efficient solution for businesses and consumers alike. The company's robots are capable of navigating autonomously on sidewalks and roads and delivering packages directly to customers' doors. Robby Technologies' robots are equipped with advanced sensors, cameras, and software, allowing them to safely and effectively navigate their environment and avoid obstacles.
September 2020: Starship Technologies announced a partnership with Save Mart Companies for providing on-demand delivery of grocery service to its users.
August 2020: JD.com announced the acquisition of a China-based express transport company named Kuayue Express Group.
Report Attribute/Metric | Details |
Market Size 2022 | USD 04 Billion |
Market Size 2023 | USD 14 Billion |
Market Size 2030 | USD 30 Billion |
Compound Annual Growth Rate (CAGR) | 25.00% (2023-2030) |
Base Year | 2022 |
Market Forecast Period | 2023-2030 |
Historical Data | 2018 & 2020 |
Market Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Component, Type, Load Carrying Capacity, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Amazon Robotics, Robby Technologies, Robomart, Boston Dynamics, Eliport, Starship Technologies, Panasonic, Jd.Com, Nuro, Savioke, Marble, Dispatch, Piaggio Fast Forward, Teleretail and BoxBot |
Key Market Opportunities | Delivery robots help enterprises to save money and create new opportunities for moving goods the last mile to consumers |
Key Market Dynamics | Worldwide growth of the e-commerce market The rising demand for delivery robots in the retail industry |
The global Delivery Robots market size was valued at USD 04 Billion in 2022.
The global market is projected to grow at a CAGR of 25.00% during the forecast period, 2023-2030.
North america had the largest share in the global Delivery Robots market.
The key players in the market are Amazon Robotics, Robby Technologies, Robomart, Boston Dynamics, Eliport, Starship Technologies, Panasonic, Jd.Com, Nuro, Savioke, Marble, Dispatch, Piaggio Fast Forward, Teleretail and BoxBot.
The fully autonomous category dominated the market in 2022.
The hardware had the largest share in the global market for Delivery Robots.
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