Delivery Robots Sector: Growth Drivers and Challenges
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.
Delivery Robots Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
32.4% |
|
Base Year Market Size (2024) |
USD 465.77 million |
|
Forecast Year Market Size (2037) |
USD 17.89 billion |
|
Regional Scope |
|