Delivery Robots Market Synopsis
The global Delivery Robots market is expected to grow at a higher CAGR of 31.3% in the global market during the forecasted period to account for a higher market share value of approximately USD 971.3 million by the end of the forecasted 2020-2030.
Delivery Robots Market Highlights
Due to the need to move goods and parcels quickly and efficiently, the demand is growing at a high rate, particularly when delivering to the last mile. Companies like Nuro and Box Bot Inc. are making road-driving delivery robots; Whereas companies such as Starship, Aitonomi, Dispatch, Robby Technologies Inc. and Marble manufacture smaller sidewalk robots. The driving forces are lower shipping rates as well as last-mile delivery times. The venture capital, as well as several mergers and acquisition opportunities for technological innovation in this industry, is rising substantially. The safety concerns on the sidewalks for pedestrians raise concerns about the use of those robots. For the same, the companies are working to build more technically advanced robots..
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Delivery Robots Market Segmentation
The Global Delivery Robots market is segmented into Load Carrying Capacity, Component, Vertical, Type, and Region.
Based on the Component, the Global Delivery Robots is segmented into Software, Hardware, and Services.
Based on the Load Carrying Capacity, the Global Delivery Robots is divided into 10.01-50kg, Up to 10kg, and More Than 50kg.
By Type, the Global Delivery Robots is bifurcated into Semi-Autonomous and Fully Autonomous.
By vertical, the Global Delivery Robots is segmented into Healthcare and Pharmaceutical, Retail & Ecommerce, Food & Beverages, Postal and Others.
Delivery Robots Market Regional Outlook
The geographical overview of Delivery Robots market is studied for Europe, North America, Asia-Pacific, and the rest of the world (Africa, including the Middle East, and Latin America).
Among the regions mentioned, North America is anticipated to have the largest market share during the forecast period. North America is accounted for the largest market share and is expected to continue this dominance during the forecast period. Further to this, Europe closely following North America In terms of revenue generation, Europe is considered to be a technologically advanced country, and its adoption. Across countries like the US, North America has one of the most developed IT markets, with greater adoption of robotics technology. In addition to shipping services, this system is being used by numerous grocery chains and food delivery providers such as Domino's Pizza, Eat24, Just Eat, among others as well as postal services and online retail stores in the US and Canada.
Europe's market size is expected to rise over the projected timeframe at the fastest CAGR led by APAC. In these areas, numerous start-ups are being set up to raise market share.
APAC is slated to grow with the highest CAGR as the awareness about delivery robots and It has the potential to provide high-efficiency and cost-effective delivery services. Market growth at APAC is likely to be driven by growing awareness of the potential of delivery robots to deliver high efficiency and low cost delivery services. In addition , the presence of e-commerce giants in the area, such as Amazon , Walmart, and Alibaba, provides players in the APAC delivery robots market with an opportunity to expand. Furthermore, with increased demand and lower prices of major components such as LiDAR sensors and motors, this area has a promising future for the delivery robots industry.
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Delivery Robots Market Competitive Dynamics
Key players in the Delivery Robots market are identified across the major regions based on their country of origin, presence across different regions, recent key developments, diversification of products, and industry expertise. Some of them are—Robby Technologies (US), Amazon Robotics (US), Robomart (US), Starship Technologies (US), Boston Dynamics (US), Eliport (Spain), Panasonic (Japan), Nuro (US), Savioke (US), Marble (US), Jd.Com (China), Piaggio Fast Forward (US), Dispatch (US), Teleretail (US) and BoxBot (US).
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