Delivery Robots Market size was over USD 351.79 million in 2023 and is expected to reach USD 13.51 billion by the end of 2036, growing at around 32.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of delivery robots is assessed at USD 442.97 million.
The growth of the market can be attributed to the growing demand for autonomous robot delivery services, along with the increasing need among business organizations to lower their last-mile delivery costs. Further, growing technological advancements in robotic technologies, increasing partnerships between autonomous delivery companies and e-tailers, along with the increasing trends for grocery and food delivery robots for last-mile delivery, are some of the significant factors anticipated to drive the market growth.
The global delivery robots market is thriving on account of the growing need amongst business organizations to deliver their goods faster to the end customers, especially organizations belonging to the e-commerce, retail, logistics, or restaurant & foodservice industries. These robots are designed to be smart enough to traverse through low-traffic routes avoiding traffic congestions. Further, the robots are battery-powered or are powered by hybrid energy using a mix of solar and battery-powered energy, ultimately contributing to the reduction in carbon emissions.
Growth Drivers
Increasing Utilization of Delivery Robots by Business Organizations for Last-Mile Delivery to Drive the Market Growth
Businesses nowadays have realized the important role of customer satisfaction when it comes to the process of service delivery. Over the years, with increased customer expectations for doorstep delivery, customized window delivery slots, same-day, next-day, or instant delivery, there is a rising need amongst business organizations to focus more on their last-mile delivery processes. Further, the increasing need among businesses to lower their last-mile delivery operation costs, and the challenges observed by businesses for last-mile delivery, are raising the need for the deployment of AI-enabled last-mile delivery robots to further enrich their existing service delivery models. Additionally, with customers shifting towards the online mode of shopping, rather than visiting the conventional brick and mortar stores, along with the growing need for faster delivery of perishable goods, are further raising the need amongst businesses to deploy these robots, which is anticipated to drive the market growth in the coming years.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
32.4% |
Base Year Market Size (2023) |
USD 351.79 million |
Forecast Year Market Size (2036) |
USD 13.51 billion |
Regional Scope |
|
The delivery robots market is segmented by number of wheels into three, four, six wheels, and others. Among these segments, the six wheels segment is projected to hold the largest market share by the end of 2021. The growth of the segment can be attributed to the enhanced stability features achieved by the utilization of a six-wheeled robot chassis, which otherwise is not achievable with other wheel types. Moreover, the six-wheeled robots, owing to the multi-degree-of-freedom (MDOF) wheel configuration, allows the robot to travel through bumpy roads or even un-even surfaces at high speeds.
Our in-depth analysis of the global market includes the following segments
By Component |
|
By Load Carrying Capacity |
|
By Number of Wheels
|
|
By End-User
|
|
North America Market Statistics
On the basis of regional analysis, the global delivery robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions. Among the market in these regions, the market in North America is poised to hold the largest market share by the end of 2029. The growth of the market in the region can be attributed to the increasing favorable initiatives of the government for permitting the use of these robots on sidewalks and in crosswalks, along with the increasing need among business organizations to optimize their service delivery model for greater consumer satisfaction. Further, increasing deployment of these robots in Ohio, Florida, Wisconsin, Idaho, Virginia, and other states of the United States, is also anticipated to drive the market growth.
APAC Market Analysis
Alternatively, the market in Europe is projected to gain a significant market share by the end of 2029 on account of the growing adoption of these robots by several end-users, such as the Dominos delivery robots (DOM) for their last-mile delivery process in several cities and towns in the region, such as Milton Keynes, Dusseldorf, London, and others. Further, the presence of several key players in the region, and the increasing partnerships between autonomous delivery robots manufacturers and retail organizations to ensure effectiveness in their service delivery, such as the partnership of Co-operative Group Limited (Co-op) and Tesco plc with Starship Technologies, are some of the factors anticipated to drive the market growth in the region.
Moreover, the market in the Asia Pacific is anticipated to grow with the highest CAGR during the forecast period owing to the presence of nations, such as China, Japan, India, and others, who are leading producers of hardware components and software programs for these robots.
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?