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. At present, the cost for each last-mile delivery is USD
1.60 via human drivers, which could be scaled down to USD 0.06 by
utilizing autonomous delivery robots; hence, the reduction in the cost
of last-mile deliveries is the key factor driving the growth of the
delivery robots market. The increased venture funding is another factor
driving the market growth.
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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 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 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.
North America to hold a major share of the delivery robots market in 2018
Increasing demand for delivery robots in the retail
industry and growing labor charges for last-mile deliveries, drive the
delivery robots market growth in North America. Owing to various
research programs supported by the government of North American
countries, North America is expected to hold the largest share of the
delivery robots market in 2018. It has invested millions of dollars in
robotics research projects, most of which are defense-related projects.
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.
Major players in the delivery robots market include
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).
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Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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