August 5th, 2021
Global Delivery Robots Market
The GMI Research forecasts that the Delivery Robots Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the decrease in delivery costs in last-mile deliveries and an Increase in venture allowance.
Introduction of the Delivery Robots Market
A delivery robot is a mechanized robot that brings your delivery directly to your door. These robots are not walking and talking humanoids but are cute delivery containers on six wheels, resembling giant bugs.
Key Players of the Global Delivery Robots Market:
· Starship Technologies
· Panasonic Corporation
· JD.com, Inc.
· Nuro LLC
· Boston Dynamics.
· Eliport, Inc.
· Piaggio Fast Forward
Delivery Robots Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The acquisition for delivery robots is increasing at a rapid pace. The ongoing demand for flexible and efficient automotive effectuation and increasing return on investment, and low-cost variety of infrastructural-light robots are the driving factors of the market. The constant expansion in the e-commerce industry and high consumer expectation for quick and frequent deliveries has complicated last-mile deliveries in cities. ADR is supporting the companies in achieving better last-mile delivery to retain customers. Various laws are being put in place to control global warming and protecting the environment, which aids in the growth of the Delivery Robots Market. For example, European Commission (EC) 2020 stated the objective of decarbonization by 2050, with a few short-term goals in 2020 and 2030. The increasing investment by leading companies further supplements the market growth. Amazon, in 2018, filed for a patent with the US patent office for 'autonomous ground vehicles.
Furthermore, the widespread outbreak of novel Coronavirus has escalated the market demand. Thus, giving higher growth opportunities to many companies in between the pandemic. Venezia's New York Style Pizza in Phoenix, Arizona, in 2020, initiated delivering the pies by first sanitizing the entire Starship robot and placing it inside. The robot then reaches customers within a half-mile radius and hops curbs, and operates in snowy conditions.
However, strict norms concerned with the operations of delivery robots are curbing market growth. The fact that it uses a public walkway area designated for pedestrians forces them to operate under a legal and managerial framework.
Number of Wheels Segment Drivers
Based on the Number of Wheels, 4 Wheels are predicted to expand at a faster compound annual growth rate in the near future. Companies proffer these robots to deliver groceries, food orders, flowers, packages, and boxes. Moreover, reducing the distance between the front and rear set of wheels results in substantial zero-radius turning in any desired direction with four-wheeled robots.
End-User Industry Segment Drivers
Based on the End-User Industry, Retail is expected to experience a significant demand over the forecast period. The accelerating penetration of the internet offers an expansion to online shopping. This increasing trend will intensify the need for robots for e-commerce applications in the retail industry. Furthermore, the norms for delivery robots would encourage their adoption for cargo deliveries, further propelling the market growth.
Based on the regional coverage, North America will hold the largest share over the coming years. The increasing prevalence of vendors and a large number of startups and manufacturers supplements the market growth. Moreover, their penetration is higher than other robots. The aggravating demand across retail and hospitality centers led by the rising collaboration with manufacturers to attain a first-hand experience of the prototypes adds to the market growth. In addition, they assist many organizations to gain significant attraction from media, which is an important channel to influence tourists' decision to book a hotel or resort. North America, the second largest e-commerce market after Asia-Pacific, has a high number of shoppers. This extension is encouraging retailers to invest and develop their supply chain facilities, resulting in considerable investments. Also, many of the end-user companies are switching towards mechanized robots impelling the market share. For example, in 2019, Amazon officially rolled out its last-mile delivery robots in Southern California. The delivery robot designed to autonomously deliver parcels from urban distribution points to Amazon Prime customers removes the need for vehicles in last-mile delivery.
Delivery Robots Market Segmentation:
Segmentation by Load Carrying Capacity
· Up to 10 KG
· More than 10 kg Up to 50 KG
· More than 50.00 KG
Segmentation by Component
o Ultrasonic/ LIDAR Sensors
o Chassis and Motors
o Control Systems
o Fleet Management Software
o Computer Vision
Segmentation by Number of Wheels
· 3 Wheels
· 4 Wheels
· 6 Wheels
Segmentation by Speed Limit
· 3 KPH
· Higher than 3 KPH up to 6 KPH
· Higher than 6 KPH
Segmentation by End-User Industry
· Food & Beverages
Segmentation by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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