Restaurant Delivery Robot Market is expected to grow USD 64.5 Million at a CAGR 24.11% during the forecast 2022-2030.
The global Restaurant delivery robot market is estimated to register a CAGR of over 24.11% to reach USD 64.5 Million by the end of 2030.
Innovations in technology are fundamentally altering how society functions. Numerous previously unimaginable ideas are now becoming reality owing to robots and other automated equipment. These new robot developments are having a significant impact on a wide range of businesses, from the automotive industry, which is creating driverless cars, to healthcare, which is employing them to improve practices. Companies are spending more time and money developing new technologies because automated machines are becoming more and more common. The use of automated equipment has increased recently in the restaurant sector as well. The food and beverage business is benefiting from these new automated trends by spending less money, making fewer mistakes, and wasting less food.
The importance of AI and robotics in the service sector is growing, and they are revolutionizing old procedures. As technology advances, there will be a significant shift in the types of jobs performed by humans and by AI-enabled devices. Robotics deployment has taken restaurant automation to a new level. Robots boost the restaurant's productivity. Robots increase the effectiveness of food safety procedures by reducing order inaccuracies, both in collecting orders and preparing the meal. They also reduce food waste and consistently make food according to recipe specifications. For example, the automatic fry cook, Flippy, is used by CaliBurger. More than twice as many burgers can be cooked in an hour by Flippy as by its human equivalents. Not only does production rise, but Flippy also earns merely $3 per hour, works nonstop, and attracts more visitors who want to watch him in action.
Technological improvements have greatly increased the capabilities of these robots and increased their adaptability to do a variety of jobs in a relatively short period of time. Workflow operations in a range of industries, including healthcare, logistics, defense, agriculture, and others, have been altered by robots.
The experience can be intimidating and difficult because not every consumer who wants to eat at an automated restaurant will be familiar with or comfortable with technology. Customers may be reluctant to seek assistance if they are having trouble using any aspect of the automated restaurant. This is especially true if they observe that everyone else nearby is having no problems. Automation can be frustrating to use in restaurants, which is the exact opposite of what the experience should be. Automated restaurants should therefore constantly have people on hand to help clients.
Value Chain Analysis
One of the main causes driving the demand for restaurant delivery robots around the world is the growing automation across restaurants. Robots employed in restaurants have the potential to greatly enhance operational efficiency. They have a wide-ranging impact on a restaurant's operations and can enhance every facet of the industry. During the projection period, it is predicted that there will be a rise in the demand for restaurant delivery robots across a number of restaurants. The majority of well-known sit-down restaurants around the US have some sort of device on their restaurant tables. Groups may now pay, order services, and even play games to pass the time more easily due to these gadgets. Additionally, some of these kiosks permit bigger parties to divide the bill, which eases the load on servers. The value chain analysis for the restaurant delivery robots comprises of four major components which starts with the research and product development followed by manufacturing of the products, distribution, sales, and ends with post-sales services.
The global Restaurant delivery robot market has been segmented on the basis of robot type, service, restaurant type, load capacity and region.
The global Restaurant delivery robot market, based on robot type has been segmented into semi-autonomous and fully autonomous the semi-autonomous segment is expected to drive the demand in the forecasted period and register a growth rate of CAGR 22.7% during the review period.
The global Restaurant delivery robot market, based on service type has been studied into in limited and full service.
On the basis of restaurant type the market is divided into, independent and chained.
The global Restaurant delivery robot market, based on load capacity has been bifurcated into, upto 10 kg, 10-15 kg, and more than 50 kg.
The global Restaurant delivery robot market has been studied across Asia-Pacific, North America, Europe, and rest of the world. Europe accounted for the largest market share in 2021, Factors such as increasing technology adoption, growing investment by major players in research and developments, and increasing chain of restaurants are expected to drive the European restaurant delivery robots market. One of the most common leisure activities in Europe is eating out, which has led to a thriving restaurant and food service sector. All services for consuming food and beverages outside of the home, such as those provided by restaurants, cafés, bars, takeaways, meal delivery, contract catering, cafeterias, and other food sellers, are referred to as food services.
The factors contributing to the market growth in North America include the presence of major robotics and automation solution providers and the widespread adoption of the newest automation and robotic systems in quick-service restaurants and the food processing industry. Despite difficulties brought on by the coronavirus (COVID-19) epidemic, the restaurant business in the United States has grown steadily over the past few decades
The global Restaurant delivery robot Market is projected to witness healthy growth during the forecast period, owing to the increasing demand for business. The global market represents strong numbers in terms of consumption.
Key players operating in the global Restaurant delivery robot market include Amazon Robotics, Robby Technologies, Boston Dynamics, Eliport, Starship Technologies, Cleveron, Miso Robotics, Kitchen Robotics, Bear Robotics, Inc, Cyan Robotics, Relay Robotics, XRobotics, Dexai Robotics, and Creator, Robomart inc,
Relay Robotics, Inc. a new corporation formed by the acquisition of leading robotics developer Savioke announced the completion of a USD 10 million Series A Financing. On may 2022
Starship Technologies has raised USD 100 million in the last 30 days, including a new USD 42 million Series B funding round led by Japanese-Nordic VC firm NordicNinja and Estonian visionaries Taavet+Sten. On march 2022
Bear Robotics has raised USD 81 million, bringing the total funding raised by the company to USD 117 million. In addition, the company secured a USD 32 million funding round led by SoftBank in 2020 to develop robots that bus tables and deliver food and drinks. On may 2022
Amazon announced the opening of a new first-of-its-kind robotics manufacturing facility in Westborough, Massachusetts. The new facility will expand Amazon Robotics’ manufacturing capability in the U.S. on october 2021
As per MRFR, the global Restaurant delivery robot market has been growing significantly over the past few years. The global Restaurant delivery robot market has been segmented on the basis of robot type, service, restaurant type, load capacity and region. . Based on region, the restaurant delivery market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The scope of the global Restaurant delivery robot market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The global Restaurant delivery robot market has been segmented on the basis of robot type, service, restaurant type, load capacity and region
|Market Size||2030: USD 64.4 Million|
|Historical Data||2019 and 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Robot type, service, restaurant type, load capacity and region|
|Geographies Covered||North America, Europe, Asia-Pacific, Rest of the world|
|Key Vendors||Amazon Robotics, Robby Technologies, Boston Dynamics, Eliport, Starship Technologies|
|Key Market Opportunities||Technological advancement in robotics industry|
|Key Market Drivers||Growing automation cross restaurants Rising focus on enhanced customer experience|
The global Restaurant delivery robot market has been growing rapidly from the past few decades and is expected to reach USD 64.5 Million by 2030, at a CAGR of 24.1% during the forecast period.
Amazon Robotics, Robby Technologies, Boston Dynamics, Eliport, and Starship Technologies are expected to be the major competitors in the Restaurant delivery robot market during the projected period.
The semi-autonomous robot segment is expected to drive the market during the forecasted period.
The Europe region is expected to be the largest market for the Restaurant delivery robot market during the forecast period.
High cost and complex operation may slow the growth of the Restaurant delivery robot market during the forecast period.