The Global Indoor Delivery Robots Market is anticipated to witness a major jump in its revenue from US$ 16.63 Mn in 2021 to US$ 253.76 Mn by 2030. The market is registering a CAGR of 24% over the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 22.5% over the projection period. An indoor delivery robot is an autonomous robot that provides delivery services. It is a substitute for a delivery person. Indoor delivery robots offer various advantages over the traditional method of delivery including cost efficiency, faster services to the customers, and accuracy of delivery, among others. Food delivery, parcel delivery, medical delivery, postal delivery, and search & rescue are the various applications of indoor delivery robots.
The market is majorly driven by factors such as advancements in technologies such as AI and machine learning, increasing labor costs, and increasing adoption of robots for domestic purposes (assisting in retail shops, delivering room service, and others). Rising digitalization, automation, and robotics with the use of AI, cloud technology, and big data analytics in the delivery processes with the integration of Industry 4.0 are fostering the growth of the indoor delivery robots market. Furthermore, indoor delivery 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 key advantage of using delivery robots is a reduction in the cost of operation and a high return on investment. Moreover, as the labor cost is increasing across the globe, indoor delivery robots are a significant alternative to humans. In addition, robots are significant to perform dangerous and arduous tasks. Also, the increasing adoption of robots for domestic purposes is further propelling the market growth. In 2014, a room service robot named Relay was introduced by a robotics startup company, Savioke. When hotel staff received an order from a guest, the staff would put items inside Relay and the robot would deliver items to the guest room. Further, shifting customer preferences towards automated delivery are presenting a lucrative opportunity for market expansion over the forecast period. However, the high cost of indoor delivery robots may hinder the market growth over the projection period.
Key Insights of the Report:
Key Takeaways from the Global Indoor Delivery Robot Market Report:
Competitive Landscape
The key players in the Global Indoor Delivery Robots Market are Keenon Robotics Co., Ltd., Pudu Technology Inc., Rice Robotics Ltd., Segway Robotics Inc., and Suzhou Pangolin Robot Corp., Ltd., and 7-Eleven, among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on an emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
The following are the different segments of the Global Indoor Delivery Robots Market:
By Component segment of the Global Indoor Delivery Robots Market is sub-segmented into:
By Robot Type segment of the Global Indoor Delivery Robots Market is sub-segmented into:
By Operations segment of the Global Indoor Delivery Robots Market is sub-segmented into:
By Payload segment of the Global Indoor Delivery Robots Market is sub-segmented into:
By Application segment of the Global Indoor Delivery Robots Market is sub-segmented into:
By Industry segment of the Global Indoor Delivery Robots Market is sub-segmented into:
By Region segment of the Global Indoor Delivery Robots Market is sub-segmented into:
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 16.63 Mn |
Expected Revenue in 2027 | US$ 253.76 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Mn) |
CAGR | 24% |
Segments covered | By Component, Robot Type, Operations, Application, Industry, and Region |
Leading players | Keenon Robotics Co., Ltd., Pudu Technology Inc., Rice Robotics Ltd., and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Indoor delivery robots offer various advantages over the traditional method of delivery including, cost efficiency, fast services to customers, and accuracy of delivery among others.
Food delivery, parcel delivery, medical delivery, postal delivery, and search & rescue are the various applications of the indoor delivery robots.
Global Indoor Delivery Market was valued at US$ 16.63 Mn in 2021.
Global Indoor Delivery Robots Market is projected to expand at a CAGR of 24% over the forecast period.
The market is majorly driven by factors such as advancements in technologies such as AI and machine learning, increasing labor cost, and increasing adoption of robots for domestic purposes.
The high cost of indoor delivery robots is hindering the market growth.
Shifting customer preference towards automated delivery is presenting a lucrative opportunity for market expansion over the forecast period.
The various segments considered to analyze the Global Indoor Delivery Robots Market are based on component, robot type, operations, pay load, applications, industry, and region.
Food delivery segment has the highest share in the Global Indoor Delivery Robots Market in 2021.
Hardware component has the highest share in the Global Indoor Delivery Robots Market in 2021.
Americas dominates the Global Indoor Delivery Robots Market.
The key players in the Global Indoor Delivery Robots Market are Keenon Robotics Co., Ltd., Pudu Technology Inc., Rice Robotics Ltd., and 7-Eleven among others.
LOOKING FOR COMPREHENSIVE MARKET KNOWLEDGE? ENGAGE OUR EXPERT SPECIALISTS.
SPEAK TO AN ANALYST