USD 219.1 million
Report ID:
SQMIG20I2250 |
Region:
Global |
Published Date: July, 2024
Pages:
196
|Tables:
152
|Figures:
77
Delivery Robots Market size was valued at USD 291.67 Million in 2023 and is poised to grow from USD 388.27 Million in 2024 to USD 3828.92 Million by 2032, growing at a CAGR of 33.12% during the forecast period (2025-2032).
The world of robotics is changing rapidly as advancements in robotic technology are taking the world by storm. Growing emphasis on enhancing last mile delivery and rising use of automation across multiple industry verticals are projected to primarily drive delivery robot market growth. Rapidly expanding e-commerce sector, increasing labor shortages, high labor costs, and rising popularity of contactless delivery are some other key factors that are estimated to create new business opportunities for delivery robot companies in the long run. The COVID-19 pandemic is the key reason why demand for contactless deliveries gained traction around the world pushing the sales of delivery robot. Growing investments in the development of new delivery robots will also bolster market development. However, high costs of advanced delivery robots and stringent mandates for approvals of delivery robots are projected to be key restraints impeding market growth.
Global Market Size
USD 219.1 million
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
33.12% CAGR
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Delivery Robot Market is segmented based on Capacity, Offering, Number of Wheels, Speed Limit Type, End-user Industry and Region. In terms of Offering, the market is segmented into Hardware and Software. Based on Capacity, the market is bifurcated into Up To 10 Kg, More Than 10 Kg Up To 50 Kg, And More Than 50 Kg. Based on Number Of Wheels Type, the market is segmented into 3 Wheels, 4 Wheels, And 6 Wheels. Based on Speed Limit Type, the market is segmented into Up to 3 KPH, 3 KPH up to 6 KPH, and Higher Than 6 KPH. Based on End-user Industry, the market is segmented into Food and Beverages, Retail, Healthcare, Postal, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and Middle East & Africa.
Analysis by End-User Industry
Food and beverage delivery companies are at the forefront of delivery robot adoption on a global level. Evolving consumer preferences have led to more people ordering food online, which is why the need for delivery partners and channels is increasing around the world. Food delivery companies are also partnering with robotics companies to offer robotic and contactless delivery solutions over the coming years.
Meanwhile, the demand for delivery robots in the retail is projected to increase at a rapid pace across the forecast period and beyond. Growing emphasis on improving last-mile delivery and growing demand for same-day delivery is pushing the adoption of delivery robots in this industry vertical. A reduced number of errors and faster delivery leads to better customer fulfilment and satisfaction, which is why most retail companies are expected to create new opportunities for delivery robot providers.
Analysis by Capacity
Delivery robots with a capacity of more than 10 kg and up to 50 kg are estimated to account for a substantial share of the global market. Robots with this capacity are expected to be highly crucial in automating different aspects of delivery for multiple industry verticals. Delivery robots with this capacity are projected to be suitable for shorter distance deliveries as automation picks up pace in the logistics and delivery businesses.
Meanwhile, delivery robots with a capacity of up to 10 kg are estimated to increase in demand at a rapid pace over the coming years. The low cost and smaller footprint of delivery robots with around 10 kg capacity are making them highly popular among multiple end-users ranging from food delivery to industrial delivery applications. Growing availability of delivery robots with 10 kg capacity at an affordable price is also expected to bolster market growth over the coming years.
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High investments in the development of new robotic delivery fleets by different companies to optimize their business scope helps North American region maintain a high market share. The United States is estimated to be the key market for delivery robot companies in this region owing to high adoption and acceptance of robotic technologies. Increasing number of government and private organizations in this region such as Amazon and UPS are exploring the option of using robots for delivery to maximize their profits and facilitate faster delivery. Canada will also be an opportune market in this region.
The Asia Pacific region is expected to be the fastest-growing market for delivery robot companies in the world. Rapidly expanding e-commerce industry and growing investments in the development of novel robotic technologies are estimated to help market expansion in this region. Japan, South Korea, and China are predicted to be the most opportune markets for delivery robot companies in the Asia Pacific region going forward. Evolving consumer preferences and rising disposable income of people this region is also expected to play a vital role in augmenting the sales of delivery robot in this region.
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Drivers
Rising Labor Costs
Contactless Delivery Popularity
Restraints
Technological Limitations
Operational Challenges
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The boom in e-commerce and online sales is what most delivery robot companies are expected to target. The global delivery robot market is highly opportune and provides scope for growth for new as well as leading companies. Investing in R&D and integrating advanced technologies will be the prime focus for all delivery robot manufacturers. Collaborations are also predicted to be highly beneficial strategies for market players operating in this landscape. Development of completely autonomous robots will be a key opportunity for delivery robot companies to leverage in the long run.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising adoption of automation in almost all walks of life and advancements in robotic technology are slated to primarily drive delivery robot market growth over the coming years. On the other hand, high costs of delivery robots, regulatory and safety concerns, and issues of acceptance of robots for delivery are major restraints that could hamper the global delivery robot demand outlook. The Asia Pacific region is estimated to emerge as the most opportune market for delivery robot companies as e-commerce activity in this region booms. Developing completely autonomous robots should be the top priority of all delivery robot companies in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 219.1 Million |
Market size value in 2031 | USD 2876.29 Million |
Growth Rate | 33.12% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Delivery Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Delivery Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Delivery Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Delivery Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20I2250
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