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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OPPORTUNITIES: Increased adoption of delivery robots post COVID-19 outbreak
The ongoing COVID-19 pandemic has put a global spotlight on delivery robots for contactless package deliveries, and tremendous market interest has been pushing delivery robot developers to provide large-scale operation in several US cities. The deployment and penetration of delivery robot technology during the pandemic is likely to boost the market for delivery robots.Delivery robots are also being adopted for delivery of food from restaurant. Delivery robots have been operating for many years now; however, during the pandemic, delivery robots have witnssed a notable surge in interest by end users, including restaurants, grocery stores, and other delivery service companies.
CHALLENGES: Limited range of operation of ground delivery robots
The use of ground delivery robots is more advantageous over drones; however, there are many operational and technical drawbacks that limit robotic operations. One such technical disadvantage is short runtime. If robots manufactured by all companies are taken into consideration, an average distance covered by a robot is 10 km in single charging, with its service limited to short distances from the hub or warehouse
Many delivery robot manufacturing companies have developed pilot robotic models, and companies would proceed with technological advancements and improvements after testing these pilot models in different conditions and under several circumstances. This would help them to differentiate themselves in the competitive market.
“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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