Delivery Robot Market Trends

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	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	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Growing need for contact-less deliveries among businesses, and the increasing deployment of food delivery robots, are some of the major factors driving the market growth.

The market is anticipated to grow with a moderate CAGR over the forecast period, i.e., 2021-2029.

The high cost of the product and the unavailability of proper infrastructure in several nations for operating these robots, are some of the major factors estimated to act as barriers to the growth of the market.

The major companies in the market are Starship Technologies, Nuro, Inc., Savioke, Inc., TeleRetail, BoxBot Inc., Agility Robotics, ST Engineering Aethon, Inc., and others.

Delivery Robot Market Trends