It is projected that the Delivery Robots Market will grow significantly, according to a report titled "Delivery Robots Market by Offering (Hardware, Software), Load Carrying Capacity, Number of Wheels (3 wheels, 4 wheels, 6 wheels), Speed Limit, End-user Industry (Food & Beverage, Retail, Healthcare, Postal) and Region - Global Forecast to 2028." The market is expected to grow at a remarkable Compound Annual Growth Rate (CAGR) of 33.7% over the projected period, from USD 0.4 billion in 2023 to USD 1.8 billion by 2028. The rising use of delivery robots in a variety of industries, such as food and beverage, retail, healthcare, and postal services, is responsible for this anticipated rise.

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Two significant factors are driving the robust expansion of the delivery robots market: a major decrease in last-mile delivery costs and a rise in venture funding in the robotics and automation sector. Venture capital funding has increased, indicating a rising belief that delivery robots may transform last-mile logistics by providing practical and affordable solutions. Additionally, the desire for creative delivery methods is rising in tandem with the global e-commerce market's expansion, offering the delivery robot market substantial potential opportunities.

Load Bearing Capacity (>50 Kg) Robots to account for a larger market share in 2023

Delivery robots that are capable of lifting loads greater than fifty kilogrammes are essential in meeting the delivery requirements of internet customers, especially when it comes to large packages and groceries. This market segment demonstrated its considerable presence in 2022, accounting for nearly 26% of the market share. Notably, prominent Chinese businesses like JD.com have created autonomous delivery trucks like JDX that can manage last-mile deliveries and have an amazing 300 kg load carrying capability. In a similar vein, US-based Nuro has unveiled the R1 delivery robot, which can carry 125 kg of stuff. Because these robots operate on streets rather than sidewalks, they require more stringent laws because efficient traffic management is required.

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Hardware to hold a majority of the market share during the forecast period

In the delivery robots market in 2022, the hardware segment accounted for a sizeable 70% of the market. This dominance is mostly attributable to the high cost of parts like radars and LiDAR sensors, which add a great deal to the overall cost of a delivery robot's design and development. Particularly important are LiDAR sensors, which offer high-resolution, three-dimensional data on the robot's environment. These sensors evaluate people's and items' locations, as well as their movement paths and speeds. By utilising this data, the onboard computer system can securely guide the self-driving car to its intended location. LiDAR sensors provide a 360° view capability that allows delivery robots to understand the drivable area, avoid obstacles, maintain lanes, change lanes, and traverse hills. This versatility allows the robots to operate in a variety of environments and situations. The focus on cutting-edge hardware highlights how important it is to have these parts in order to improve delivery robot autonomy and capabilities.

Retail segment to grow at the highest CAGR during the forecast period

Because last-mile delivery is now recognised as a crucial and expensive stage in the whole supply chain, the use of delivery robots for e-commerce applications in the retail sector is expanding significantly. With the e-commerce sector rising at an annual pace of 8–12%, last-mile delivery robots are expected to be essential to this ever expanding business. According to projections, there will be around 300 billion parcel deliveries worldwide annually by 2030, highlighting the significant potential for last-mile delivery systems that use delivery robots. With the help of several companies, grocery delivery to customers' doorsteps has evolved globally, removing the need for customers to hurry to stores and stand in queue. Deliveries of groceries made possible by using delivery robots guarantee the delivery of high-quality goods while also saving money. Interestingly, Nuro's self-driving cars are being actively used in the US to safely deliver groceries and other products from stores to customers; this is an example of how cutting-edge technology is being integrated to transform the retail and e-commerce industries.

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Market in Asia Pacific to hold significant growth opportunities during the forecast period

With the highest Compound Annual Growth Rate (CAGR) of 36.7% over the course of the forecast period and a projected value of USD 430.4 million by 2028, the Asia Pacific region is expected to emerge as a major player in the delivery robots market. Notably, nations like Australia and Japan are actively testing delivery robots, which represents a major advancement in the incorporation of this technology into their own landscapes. According to a January 2023 press release by THE JAPAN TIMES LTD., Japan has made significant progress. The statement states that autonomous delivery robots, which are remotely monitored by humans, are expected to be used on Japanese public highways starting in April 2023 as a result of amended road traffic legislation. In Japan, corporate and residential areas have tested automated delivery of food and other requirements. The potential of delivery robots to provide highly efficient delivery services at a lower cost is driving the growth of the Asia Pacific market, positioning the area as a hub for technical innovation and adoption in the delivery automation industry.

Major vendors in the Delivery Robots market include Starship Technologies (US), JD.com, Inc. (China), Panasonic Holdings Corporation (Japan), Relay Robotics, Inc. (US), and Nuro, Inc. (US)—accounting for about 35–45% market share. Starship Technologies (US), JD.com, Inc. (China), among others.

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