$34 Billion Delivery Robots Market - Global Forecast to 2024

Posted February 22, 2019 by poojapatange

Delivery Robots Market by Load Carrying Capacity (Up to 10, 10.01–50.00, and More than 50 kg), Component (LiDAR Sensors, Control Systems), Number of Wheels (3, 4, and 6), End-User Industry (Food & Beverages, Retail), and Geography

The delivery robots market is expected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. The reduction in last-mile delivery costs due to the adoption of these robots is the key factor driving the growth of the delivery robots market. The increase in venture funding is another driving factor for the market.
Delivery robots with load carrying capacity of more than 50.00 kg to hold the largest market size by 2018

The high rate of adoption of delivery robots with load carrying capacity of more than 50.00 kg for e-commerce applications in the retail industry is the key factor driving the market. Apart from e-commerce applications, robots with a load carrying capacity of more than 50.00 kg are mainly used to deliver groceries and heavy parcels ordered by online shoppers. However, robots under this category need to follow a comparatively large number of regulations than the robots belong to other 2 categories because delivery robots with more than 50.00 kg load carrying capacity travel on streets rather than sidewalks, thereby requiring effective traffic management.

The market for delivery robots with higher than 6 kph speed to grow at the highest CAGR during the forecast period

The speed limit has been the key factor for the manufacturer and the lawmaker as it proves to be vital for the safety of human commuters. However, the low speed will affect the operational efficiency, and it would result in the high cost of delivery. The speed limit allowed for a pedestrian robot is generally up to 6 kph. Technologically advanced delivery robots have made it possible to deliver different kinds of items quickly and efficiently. This factor is expected to fuel the growth of the market for delivery robots with higher than 6 kph speed during the forecast period.

4-wheeled delivery robots to dominate the market in 2018

4-wheeled delivery robots are expected to dominate the market in 2018 owing to their capability to well balance the robot. Reducing the distance between the front and rear set of wheels will result in better zero-radius turning in any desired direction with 4-wheeled robots. Hence, most of the robotics companies across the world offer delivery robots with 4 wheels, which are more efficient in rotating in-place. However, the market for 6-wheeled delivery robots is expected to grow at the highest CAGR during the forecast period.

Delivery Robots Market

The market in APAC is expected to grow at a significant rate during 2018–2024

APAC countries such as Australia and Japan are currently involved in testing delivery robots. By the end of Q2 of 2019, these countries are expected to commercialize delivery robots developed by them. The growth of the market in APAC is likely to be propelled by the increasing awareness about the potential of delivery robots to provide delivery services with high efficiency and at a reduced cost. Apart from this, the existence of- e-commerce giants, such as Amazon, Walmart, and Alibaba, in the region provides a growth opportunity for the players in the delivery robots market in APAC. Further, with the increased demand and reduced prices of major components such as LiDAR sensors and motors, the market for delivery robots has a promising future in this region.

Key Market Players

A few major companies in the delivery robots market are Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US). Apart from these, players such as House of Battery (US) and Ultralife Corporation (US) supply batteries to key autonomous robot manufacturers, and companies such as Fastree (Switzerland) and Quanergy (US) are the suppliers of light detection and ranging (LiDAR) sensors.

Starship Technologies offers self-driving delivery robots that improve the local distribution of goods and groceries. The company’s vision of zero cost, zero waiting time, and the least adverse impact on the environment have redefined the local delivery chain. The company believes that robots can complete local deliveries within 5–30 minutes from a local hub or retail outlet and with 10–15 times less than the cost of current last-mile delivery alternatives. Robots are overseen by human operators, along with their property to drive autonomously, to ensure safety. The robots developed by the company have covered more than 100,000 miles in more than 100 cities of 20 countries in the world, encountering 15 million people along the way. In June 2018, the company raised the seed capital of USD 25 million, which is likely to be invested in deploying more number of robots in neighborhoods, as well as corporate and university campuses in the US and Europe.

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Issued By Puuja
Country United States
Categories Electronics
Tags delivery robots market , Robots , Robotics , Ecommerce , sensors , industrial
Last Updated February 22, 2019