The report "Delivery Robots Market with COVID-19 Impact by Load Carrying Capacity (Up to 10 kg, More than 50 kg), Components, Number of Wheels, End-User Industry (Food & Beverages, Retail, Postal), and Geography - Global Forecast to 2026", is expected to grow from USD 212 million in 2021 to USD 957 million by 2026; it is expected to grow at a CAGR of 35.1% during 2021–2026. Reduction in delivery costs in last-mile deliveries, and Increase in venture funding are the key factors driving the growth of the delivery robots market. Further, Worldwide growth of e-commerce market are factors propelling the growth of the delivery robots market.
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COVID-19 impact on the delivery robots market
The emergence of the COVID-19 pandemic, a deadly respiratory disease, has now become a worldwide issue and has also affected growth of the delivery robots market. Global sales of delivery robots for key verticals such as healthcare, food & beverages, and retail industry are expected to increase by 10–15% in the fiscal year 2020. The social distancing norms imposed by the government in various countries has driven the growth as delivery robots do not require human intervention. During this period the delivery robots have been adopted by the food & beverages industries and have helped customers receive deliveries from restraunts, and also help in grocery shopping.
Market Dynamics
DRIVERS: Reduction in delivery costs in last-mile deliveries
In most supply chains, the final phase of product delivery, from the warehouse or distribution hub to the end user, holds almost 28% of the product’s total transportation cost. Other factors affecting the last-mile delivery are congestion in urban areas, remote locations, invalid or incorrect address details, hard-to-locate destinations, and a severe labor shortage for offering on-demand delivery services. All these factors hold back the optimization of this phase. In the world of e-commerce, customers are not only demanding but they are inclined toward buying top-quality goods at a lower price. The introduction of autonomous delivery robots in e-commerce will not only give customers greater convenience at a reduced cost but also significantly alter the competitive landscape.
RESTRAINTS: Stringent regulations pertaining to operations of delivery robots
The fact that delivery robots make use of public traffic area designated to pedestrians bind them to operate under a legal, regulatory framework. Most western legal authorities hold the manufacturer responsible for the tort of negligence if the delivery robot causes any damage or injury to a user or nearby human.
“The market for the retail industry to hold the largest share of the delivery robots market in 2021.”
The retail industry held the largest share of the delivery robots market in 2021. The increasing use of the internet provides an impetus to online shopping. The ever-increasing trend of online shopping is expected to escalate the demand for delivery robots for the e-commerce application in the retail industry in the next few years. Once the rules and regulations for operating delivery robots are defined worldwide, these robots would also be adopted for cargo deliveries, which is also an important factor that is likely to fuel the growth of the market.
North America expected to hold the largest market share during the forecast period
North America has been home to many delivery robot manufacturing companies such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.
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), and Eliport (Spain) are the key players in the market.
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