The Global Delivery Robot Market is expected to grow from US$100.8 Mn in 2021 to US$262.7 Mn by 2027, at a Compound Annual Growth Rate (CAGR) of 17.31% during the forecast period 2022-2027. Browse 587 pages of delivery robot market research report collated in 16 chapters. The report includes more than 120 tables and figures each for in-depth insights into the delivery robot marketplace.
Delivery robots are one of the key segments of robot-as-a-service (RaaS) along with cleaning robots, factory robots, warehouse robots, and security robots.
Technological advancements resulting inefficient delivery systems in the form of autonomous and remote-operated delivery robots, increasing venture funding in last-mile delivery, and growth of the e-commerce sectors are some major factors boosting the growth of the global delivery robot market. Delivery robots are specially programmed to recognize barriers and take smart decisions based on the Payload. Furthermore, delivery robots are more efficient and faster than humans, favoring the growth of the worldwide delivery robot market.
Advancements in communication technology such as 5G will offer minimum latency, high bandwidth, and low battery operation for reliable connectivity to the robots. Outdoor robots are increasingly being adopted for new applications due to various advantages such as increased efficacy, streamlined processes, and greater security of products being delivered. The main advantage of using service robots is the reduction in the cost of operation and high ROI. A wide range of applications of indoor delivery robots and outdoor delivery robots across various industry verticals are further attracting significant investment across the globe. For instance, Aethon robots deliver food, banquet supplies, linen, and luggage in hospitality and hotels environments, it can function in several capacities, from nurse assistants to the pharmacy and lab couriers to mobile medical waste garbage cans. Delivery Robot-T2 by Keenon Robotics has 160 liters of capacity, 50 kg of load, atmospheric and square body with enclosed structure and automatic cleaning of the inner cabin, it could achieve zero contact and zero pollution during the dish distribution process and cut off droplets.
However, the high cost of delivery robots is a major factor restraining the growth of the global delivery robot market. Delivery Robots can cost anywhere in the range of US$ 5,000 to US$ 30,000 depending on technological specifications and advancements, which hinders the easy adoption amongst SMEs around the world, which is a huge market opportunity for companies to focus upon. Robot companies require a higher start-up capital vis-à-vis CAPEX-based built-to-order robotic firms which widens the gap for competitors that lack the financial and operational wherewithal to run with this strategy.
The report by Astute Analytica takes into consideration many such factors after precisely analyzing the activities of key players and studying the impact of technological advancement on various industry verticals. The report details a depth analysis of the Global Delivery Robots Market for the period of 2017-2027 as the forecasted period. The report tracks various market determinants that support the overall market growth during the study period.
The report on the Global Delivery Robot Market offers a detailed industry value chain overview, regional market opportunity, market dynamics, industry competitive structure, COVID-19 impact analysis, regional market opportunities, and detailed company profiles.
The study offers historic data and offers market forecasts with comparative data presentation for the segments analyzed.
The report provides a detailed and comprehensive study of opportunities in the Global Delivery Robot Market. The regions analyzed in the Global Delivery Robot Market are Asia Pacific, Europe, the Americas, the Middle East, and Africa. The report identifies the Americas Delivery Robots Market to be the leading industry in the global marketplace with the highest share of 54.97%, in the Middle East, the Africa Delivery Robots Market grows with the highest CAGR of 78.97% over the forecasted period.
The report also includes an analysis of the Global Delivery Robots Market based on Hardware, Software, Services, Robot Type, Operations, Payload, Application, and Industry. These segments are further bifurcated into various key sub-segments for extensive insights into the growth trends for each category.
Global sales of delivery robots for key verticals such as healthcare, food & beverage, and retail are expected to grow 10-15% in fiscal 2020. The social distancing norms imposed by the government across the world have driven the market growth as delivery robots do not require human intervention. During this time, delivery robots were highly deployed by the food and beverage industries owing to the imposition of social distancing and minimal human interaction.
The global delivery robots market has the opportunity of US$ 343Mn from 2022 to 2027. The significant opportunity in the market is supported by factors such as reduced manufacturing cost of delivery robots with new and advanced technological advancements. Increasing investment in research and development (R&D) on robots, funding for studies on robotics, and call for smart robots due to the growing integration of IoT in robots with cost-effective maintenance is driving the overall market growth. Development in technology including AI & machine learning, government favorable policies concerning environmental emission, and changing outlook of the general population related to the adoption of delivery robots are some key influencing factors supporting the overall market growth. Hence, such factors were strategically considered for the market sizing.
The competitive landscape section of the Global Delivery Robot Market covers detailed company profiling of 41 companies. More companies can be added to the profiling section on request.
Details covered for these players include- Business Description, Company Financials (Key funding/investment), Strategy Outlook, List of Products, and Recent Developments.
Based on the type of delivery robots, the players profiled in the report are both - indoor delivery robots and outdoor delivery robots. The major companies operating in the global indoor delivery robots market are (ST Engineering Aethon, Inc.)Aethon(US), Effidence(France), Keenon Robotics Co., Ltd(China)., Pudu Technology Inc(China)., Rice Robotics Ltd(China)., and other prominent players.
Key companies identified in the global outdoor delivery robot market are Amazon Scout (Seattle), Alibaba DAMO(China), ANYbotics AG (ANYmal)(Switzerland), and BoxBot (Toyota), CATRobotics (Marble+Caterpillar), and other prominent players.
The competitive landscape section includes insights into the shareholding of top vendors in the global marketplace, allowing readers to comprehend product development trends and shifts in consumer preferences.
These players have adopted different growth strategies such as expansion, partnership, agreement, and partnership, to strengthen their product portfolio and expand their customer base, and achieve growth in the global delivery robot market.
By Component
By Robot Type
By Operations
By Payload
By Application
By Industry
By Region
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$100.8 Mn |
Expected Revenue in 2027 | US$356.6 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Mn) |
CAGR | 17.31% |
Segments covered | By Component, Robot Type, Operations, Payload, Application, Industry, and Region |
Key Companies | Amazon Scout, Alibaba DAMO, ANYbotics AG, Pudu Technology Inc, Aethon, and other prominent players |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Delivery robots work autonomously and are mainly utilized for delivery and service applications. Their applications and adoption can be seen in many industries including healthcare, hospitality, retail, and logistics. These robots are equipped with sensors to analyze the geometric and physical properties of objects in its surroundings.
This report provides analysis of global market for Delivery Robot for the period 2017 to 2027, wherein 2017-2020 represent historic data, 2021 has been considered as base year, while 2022-2027 are forecast values, reflecting impact of different factors on the growth trend.
Delivery Robots Market was valued at USD 100.8 Million in 2021 and is projected to reach USD 262.7 Million by 2027, growing at a CAGR of 17.31% from 2022 to 2027.
Adoption of AI and machine learning, reduction in the overall cost of last-mile deliveries and favorable government regulations regarding environmental emission are some factors which contribute towards the growth of the market.
The factors like climatic uncertainties and huge initial investment somewhat impede the growth of market.
Middle East and Africa (MEA) region is growing at the highest CAGR over the forecast period 2022-2027
Americas has the largest share of more than 50 per cent in 2021.
The report covers the following segments; component, robot type, operations, payload, application and industry.
The various payload range covered in the report are <0.5kg, 0.5-2kg, 2-10kg, 10-50kg, 50-100kg and more than 100kg.
Pudu Tech, Savioke, Starship Technologies, Woowa Brothers Corp, Aethon and Nuro are the major companies operating in the Delivery Robot Market.
The key strategies adopted by market players include: collaborations, partnerships & alliances, supply chain capabilities growth, growth in international operations and new product development.
The COVID-19 pandemic of 2020 creates an entirely new and intriguing dynamic for delivery robots. The delivery robots present a flawless non-human delivery system, with large numbers of people entering lockdown at different times. As a result, COVID-19 hastens the deployment of current robots. However, the pandemic is significantly impacting the industry supply chains and manufacturing capacity, delaying new product launches.
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