USD 219.1 million
Delivery Robots Market Size, Share, Growth Analysis, By Capacity(Up to 10 KG, More than 10 kg Up to 50 KG, and More than 50 KG), By Offering(Hardware, and Software), By Number of Wheels(3 Wheels, 4 Wheels, and 6 Wheels), By Speed Limit(Up to 3 KPH, 3 KPH up to 6 KPH, and Higher than 6 KPH), By End User Industry(Food And Beverages, Retail, Healthcare, Postal), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2250 |
Region:
Global |
Published Date: July, 2024
Pages:
196
|Tables:
152
|Figures:
77
Delivery Robots Market Insights
Global Delivery Robots Market size was valued at USD 219.1 Million in 2022, USD 291.67 Million in 2023 and is projected to reach USD 2876.29 Million by 2031, growing at a CAGR of 33.12% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
33.12% CAGR
Global Delivery Robot Market ($ Bn)
Country Share for North America Region (%)
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Delivery Robots Market Segmental Analysis
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.
Global Delivery Robot Market By End User Industry
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Delivery Robots Market Regional Insights
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.
Global Delivery Robot Market By Region
- Largest
- Fastest
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Delivery Robots Market Dynamics
Drivers
Rising Labor Costs
- Hiring skilled labor to perform any operation or tasks is becoming more expensive by the day and the same is true for delivery applications too. Rising salary expectations of delivery personnel coupled with high fuel costs are pushing companies to opt for delivery robots.
Contactless Delivery Popularity
- People around the world are demanding contactless delivery to get their parcels delivered even in their absence. Contactless delivery also ensure security of the receiver as cases of theft are on the rise. Delivery robots are perfect for this job and hence this factor drives market growth.
Restraints
Technological Limitations
- Not all delivery robots can operate in all kinds of environments, and they also have a limited battery life to manage. These technological limitations are estimated to slow down delivery robot market development.
Operational Challenges
- Managing and operating delivery robots can be a daunting task as it involves compliance with regulatory and safety mandates, workforce training, maintenance, etc. All of this requires a substantial number of resources, thereby impeding delivery robot demand.
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Delivery Robots Market Competitive Landscape
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.
Top Player’s Company Profiles
- Savioke
- Kiwibot
- Relay Robotics
- Starship Technologies
- Robby Technologies
- Amazon Robotics
- Robomart
- Ottonomy.io
- Teleretail
- Panasonic
- Nuro
- Boston Dynamics
- Eliport
- Marble
- Dispatch
- Piaggio Fast Forward
- BoxBot
- Alibaba Group
- Segway
Recent Developments
- In February 2024, Uber Eats, a leading food ordering platform owned by Uber, announced that it would be using autonomous delivery robots to deliver food in Tokyo, Japan. Mitsubishi Electric, Cartken, and Uber Eats collaborated to make this possible.
- In February 2024 Starship Technologies, a new name in the robotic delivery business announced that it had raised USD 90 million in a financing round back. The company intended to use the newly raised capital to ramp up its business expansion in the United States and the United Kingdom.
- In February 2024, Arm, a leading British semiconductor manufacturer announced its partnership with Nuro to develop its third generation of autonomous delivery robot back. The partnership is expected to help Nuro scale its operations whilst reducing costs and improving efficiency.
Delivery Robots Key Market Trends
- Complete Autonomy: Delivery robot companies should focus on automating their robots completely using advanced technologies such as artificial intelligence and machine learning. From navigation to decision-making, delivery robot manufacturers should emphasize on the automation of all aspects of delivery to maximize their business scope in the future.
Delivery Robots Market SkyQuest Analysis
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Delivery Robots Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Delivery Robots Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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