What Has Been the Growth of the Delivery Robots Market So Far?
The delivery robots market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for delivery robots has expanded swiftly. It is projected to rise from $0.34 billion in 2024 to $0.4 billion in 2025, with a compound annual growth rate (CAGR) of 16.0%.
The historic growth rate can be linked to the surge in the usage of delivery robots in the retail sector, substantial investments to enhance logistics, expansion in hospitality and healthcare sectors, and the growing demand for economic advancement in underdeveloped regions.
What Are the Future Growth Projections for the Delivery Robots Market?
The delivery robots market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated over the next few years is a significant expansion in the delivery robots market which is expected to reach $0.77 billion by 2029, boasting a compound annual growth rate (CAGR) of 18.0%.
The projected growth during the forecast period can be related to the escalating utilization of delivery robots in universities, thriving e-commerce and online food sectors, an increase in government-sponsored initiatives and investments in robot-making firms, as well as a surge in venture capital funding. Ascending trends for the forecast duration encompass advancements in autonomous delivery robot attributes, the proliferating incidence of robotic solutions, emerging formulations, localizing manufacturing efforts, amplified investment, along with the application of the most recent safety protocols and examinations.
What Are The Core Factors Supporting Growth In The Delivery Robots Market?
The burgeoning field of e-commerce and the online food sector are projected to drive the delivery robot market's expansion. The e-commerce field entails the online trade of products and services, whereas the online food sector specifically deals with the digital ordering and delivery of food-related services and products. Digitalization of society, technological evolution, changing consumer inclinations towards convenience, and broader internet reach are some factors contributing to the growth of e-commerce and online food industries. These industries are leveraging delivery robots to optimize last-mile delivery procedures, cut down operational expenses, boost efficiency, and cater to the increasing consumer insistence on swift and convenient delivery choices, utilizing self-governing technology to traverse urban areas and deliver products right at the customers' doorsteps. For instance, data released by the United States Census Bureau, a US federal agency, in February 2024 stated that e-commerce sales in the USA amounted to $1,118.7 billion in 2023, marking a 7.6% growth from 2022. Consequently, the growth of e-commerce and online food industries are propelling the expansion of the delivery robot market.
What Are The Major Segments Within The Global Delivery Robots Market?
The delivery robots market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Number Of Wheels: 2-Wheel Robots, 3-Wheel Robots, 4-Wheel Robots, 6-Wheel Robots
3) By Speed Limit: Upto 3 Kph, High Than 3 Kph Upto 6 Kph, Higher Than 6 Kph
4) By Load Carrying Capacity: Upto 10 Kg, More Than 10 Kg Upto 50 Kg, More Than 50 Kg
5) By End-Use: Food And Beverage, Retail, Healthcare, Postal Service, Other End-Uses
Subsegments:
1) By Hardware: Motors, Sensors, Actuators, Power Supply, Control Systems, Chassis
2) By Software: Navigation Software, Control Software, Artificial Intelligence (AI) Software, Fleet Management Software, User Interface Software
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How Are Emerging Trends Reshaping The Dynamics Of The Delivery Robots Market?
Leading companies in the delivery robot market are working towards the creation of autonomous delivery robots, like Servi, to streamline route planning, adapt to changing environments, and boost efficiency through AI-enabled decision-making. Servi, an autonomous robot, is built to move items from one place to another without the need for human involvement, traveling through sidewalks, streets, or assigned paths to fulfil last-mile delivery tasks. For example, Bear Robotics Inc., an American engineering and robotics design firm, introduced Servi, a novel service robot, in February 2023. This robot aims to transform the food service industry by helping employees serve food and drinks, clear tables, and concentrate on providing excellent service to customers and patients. Servi comes with AI and autonomous robot technology, lidar sensors, multiple cameras for smart navigation, and is 100% self-driving. It can identify different table positions and return to its station after making deliveries.
Who Are the Key Players In The Delivery Robots Market?
Major companies operating in the delivery robots market report 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.
What Is The Most Dominant Region In The Delivery Robots Market?
North America was the largest region in the delivery robots market in 2024. 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.
