Delivery Robots Market Forecasts to 2028 – Global Analysis By Load Carrying Capacity (50-100 Kgs, 0.5 - 2 Kgs , 10-50 Kgs, >100 Kgs, < 0.5 Kgs, 2-10 Kgs), Number Of Wheels (6 Wheels, 4 Wheels, 3 Wheels), Components (Software, Hardware), Speed Limit (Highe

Delivery Robots Market Forecasts to 2028 – Global Analysis By Load Carrying Capacity (50-100 Kgs, 0.5 - 2 Kgs , 10-50 Kgs, >100 Kgs, < 0.5 Kgs, 2-10 Kgs), Number Of Wheels (6 Wheels, 4 Wheels, 3 Wheels), Components (Software, Hardware), Speed Limit (Higher than 6 KPH, 3 KPH, Higher than 3 KPH up to 6 KPH), Operation (Remote Operated, Autonomous), End User (Healthcare, Food & Beverages, Retail, Postal, E- Commerce, Logistic (Courier Parcels)), and Geography

According to Stratistics MRC, the Global Delivery Robots Market is accounted for $290 billion in 2022 and is expected to reach $1930 billion by 2028 growing at a CAGR of 37.1% during the forecast period. A delivery robot that delivers packages automatically and to your door is called Delivery Robot. These robots don't move and communicate like people do; instead, they look kind and are attractive delivery vehicles with four, six, or more wheels that resemble hulks. The robot travels to the seller to purchase goods, beverages, meals, and other items before heading in your direction.

According to the Bureau of Labor Statistics, the need for nurses is expected to increase by 16%, reaching 3.2 million in 2024 from 2.7 million in 2014 in the United States. The aging baby boomers that need additional care will drive much of the growth. Moreover, the spending in the healthcare sector is increasing daily, indicating the adoption of delivery robots.

Market Dynamics:

Driver:

Reduction in delivery costs

The final phase of product distribution, as from distribution centre to the end user, accounts for over 29% of the entire transportation cost in many supply cables. Crowding in metropolitan areas, remote locations, unacceptable or incorrect contact info, and a simple manpower scarcity for providing on-demand delivery services are additional factors that hinder delivery. All of these characteristics prevent this segment's optimization. Customers in the realm of electronic commerce are not just picky, but they also prefer to get high-quality goods for less money. In addition to offering clients greater appropriateness at a lower cost, the use of delivery robots in e-commerce will also significantly alter the rival website.

Restraint:

Severe protocols relating to operations

Delivery robots are required to operate within a legal, regulated framework since they use pedestrian-friendly public circulation areas. If the delivery robot harms or injures a user or close person, the majority of western permit authorities deem the maker liable for the crime of negligence.

Opportunity:

Growing adoption of delivery robots

Some of the key factors anticipated to propel the growth of the worldwide delivery robots market include rapid industrialization, rising use of delivery robots by online sellers and the medical sector, and developing need for fast turnaround services with an increase in the e-commerce industry. Additionally, the market is expected to increase as delivery robots are being used in the food and beverage industry to enable doorstep delivery to clients. In order to transport meals without human intervention, the top companies in the food sector have joined with makers of delivery robots. Robot functioning has been increased thanks to technological advancements in delivery robots, like the incorporation of AI and ML, which has boosted market growth. The market will develop as a result of additional reasons such the robotics venture allowance, increased investment by top businesses, and expanding use of drones in the commercial sector.

Threat:

Lack of awareness

Even though the global market for delivery robots is growing rapidly, some issues are limiting its expansion. Due to the fact that delivery robots operate in areas with high public traffic, governments in a number of developing nations have imposed strict laws and restrictions on how they must operate. Additionally, the high cost associated with producing these delivery robots limits market expansion on a global scale because many developing nations cannot afford it. The development is hampered by a lack of awareness and an absence of these robots in a number of countries.

Covid-19 Impact

The introduction of the COVID-19 epidemic has now reached a global scale and has had an impact on the growth of the market for delivery robots. During the projection period, there is expected to be a growth in global sales of delivery robots for important industries like food & beverage, healthcare, and retail. The government-imposed social segregation laws in several nations have fueled the expansion because delivery robots don't require social interaction. Delivery robots have already been embraced by the food and beverage industries throughout this time, assisting consumers with grocery shopping and restaurant delivery.

The 4 wheels segment is expected to be the largest during the forecast period

The 4 wheels segment is estimated to have a lucrative growth. Companies suggest using four-wheeled robots to deliver items including grocery, food orders, packages, flowers, and cartons. With four-wheeled robots, reducing the distance between both the rear and front sets of wheels will improve zero-radius rotation in any desired track. Therefore, delivery robots with four wheels claimed having the biggest market share.

The Hardware segment is expected to have the highest CAGR during the forecast period

The Hardware segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the more expensive devices, such LiDAR sensors and radars, make up the larger market segment for hardware. However, because of the increasing demand for delivery robots featuring auto navigation as well as autonomous decision-making abilities, the market for hardware devices is anticipated to expand at a faster CAGR over the forecast period.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. This region is home to many large market suppliers as well as a sizable number of manufacturers and start-ups seeking to advance autonomous delivery robotic technology. Additionally, the region has a larger penetration of autonomous delivery robots among different end-users than other parts of the world. The demand for these robots is growing in the hospitality, retail, and logistics sectors; many players in the retail and hospitality industries are working with manufacturers to get a hands-on look at the prototypes.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the region's extensive e-commerce industry, many merchants are investing in and expanding their supply chains, which has led to large expenditures in the autonomous delivery robots market. Additionally, a large number of end-user businesses are switching to autonomous robots, which is dramatically accelerating the expansion of the ADR industry in the area. The delivery robot's autonomous last-mile delivery capabilities eliminate the need for automobiles by delivering packages to Amazon Prime members from urban distribution centres.

Key players in the market

Some of the key players profiled in the Delivery Robots Market include Boston Dynamics, Robby Technologies, Starship Technologies, Amazon Robotics, Panasonic System Solutions Asia Pacific, Robomart, Ottonomy IO, Segway Robotics, Eliport , Nuro , Savioke and Postmates.

Key Developments:

In September 2020, a partnership was made between Save Mart Companies and Starship Technologies for providing on-demand delivery.

In May 2020, Nuro LLC partnered with CVS Pharmacy to start delivering prescriptions through driverless vehicles.

Load Carrying Capacities Covered:
• 50-100 Kgs
• 0.5 - 2 Kgs
• 10-50 Kgs
• >100 Kgs
• < 0.5 Kgs
• 2-10 Kgs
• Other Load Carrying Capacities

Number Of Wheels Covered:
• 6 Wheels
• 4 Wheels
• 3 Wheels

Components Covered:
• Software
• Hardware

Speed Limits Covered:
• Higher than 6 KPH
• 3 KPH
• Higher than 3 KPH up to 6 KPH

Operations Covered:
• Remote Operated
• Autonomous

End Users Covered:
• Healthcare
• Food & Beverages
• Retail
• Postal
• E- Commerce
• Logistic (Courier Parcels)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements