Who are Key Players of the Delivery Robots Market?

According to the new market research report "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 - Global Forecast 2024", 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. Autonomous delivery robots are primarily useful for food & beverages, retail, hospitality, and healthcare industries. Owing to this, the companies developing delivery robots have been receiving funding from venture firms. Another driver for the delivery robots market includes the reduction in last-mile delivery costs.

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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.

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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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Delivery robot manufacturers have been partnering with various food chain and e-commerce companies, how will this impact the growth rate of the delivery robots market and who will have the undue advantage?

According to the new market research report "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 - Global Forecast 2024", 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. Autonomous delivery robots are primarily useful for food & beverages, retail, hospitality, and healthcare industries. Owing to this, the companies developing delivery robots have been receiving funding from venture firms. Another driver for the delivery robots market includes the reduction in last-mile delivery costs.

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263997316

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.

The market for robots with load carrying capacity of up to 10.00 kg to grow at the highest CAGR during 2018–2024

Robots with a load carrying capacity of up to 10.00 kg are mainly adopted by local restaurants for the delivery of food parcels and beverages to consumers. As these robots weigh around 25 kg, they are capable of carrying limited weight and adopted to deliver products in a shorter range. The existing challenge of traffic congestion that restricts the easy movement of autonomous vehicles puts limitations on the dimensions of robots. Hence, the growth of the market for delivery robots with a load carrying capacity of up to 10.00 kg is driven by their small form factor.

Hardware to dominate delivery robots market in 2018

Hardware contributes majorly to the development cost of a robot. Robot development stages such as designing, building, programming, and testing a robotic system are a combination of physics, mechanical engineering, electrical engineering, structural engineering, mathematics, and computing. The larger market share of hardware can be attributed to the costly components such as LiDAR sensors and radars. The LiDAR sensor provides high-resolution, three-dimensional information about the surrounding environment to the delivery robot. This sensor not only locates the position of people and objects around the vehicle but also assesses the speed and route at which they are moving.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Parcel Sortation Systems Market by Type, Offering, End User Industry, and Geography - Global Forecast to 2023

According to the new market research report "Parcel Sortation Systems Market by Type (Linear, Narrow Belt Sorters, Shoe Sorters, Small Parcel Sorters, and Loop, Cross-Belt Sorters Tilt Tray Sorters), Offering (Hardware, Software, and Services), End User Industry, and Geography - Global Forecast to 2023", the parcel sortation systems market is expected to be valued at USD 1.31 Billion in 2018 and is likely to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% between 2018 and 2023. The growth of the parcel sortation systems market is propelled by increasing labor costs, rising industrial automation, and growth in e-commerce. Factors such as emerging application areas of parcel sorting systems and integration of Industry 4.0 and IoT with sorting systems are creasing huge growth opportunities for the players in the parcel sortation systems market.

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Scope of the Report:

In this research report, the overall parcel sortation systems market has been segmented on the basis of type, offering, end-user industry, and geography.

By Offering

• Hardware
  • Processors
  • Cameras
  • Sensors
  • Pressure sensors
  • Analog flow sensors
  • Displacement sensors
  • Proximity sensors
  • Optical sensors
  • Diverters
  • Electrical and mechanical components
  • Displays
• Software
• Services

By Type

• Linear Parcel Sortation Systems
  • ARB sorters
  • Linear/vertical belt sorters
  • Pop-up/narrow belt sorters
  • Shoe sorters
  • Small parcel sorters
  • Paddle sorters
  • Pusher sorters
• Loop Parcel Sortation Systems
  • Cross-belt sorters (horizontal)
  • Flat sorters/bomb bay sorters
  • Tilt tray sorters

By End-User Industry

• Logistics
  • Courier           
  • Freight forwarding        
  • Postal services              
  • Storage and warehousing           
• E-Commerce
• Airports
  • International airports   
  • Domestic airports         
• Pharmaceuticals and Medical Supply
  • Active pharmaceutical ingredient suppliers
  • Drug manufacturers    
  • Distributors   
• Food & Beverages
  • Unprocessed or minimally processed food
  • Processed culinary ingredients  
  • Processed food
• Others
  • Footwear        
  • Apparel           

By Geography

• North America (the US, Canada, Mexico)
• Europe (Germany, the UK, France, Russia, Rest of Europe)
• APAC (China, South Korea, Japan, Australia, Rest of APAC)
• RoW (the Middle East and Africa, South America)

Europe is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.

Among all regions, Europe held the largest share of the parcel sortation systems market in 2017. Presence of prominent logistics and e-commerce companies and major parcel sortation systems solution providers in this region has led to the dominance of Europe in the parcel sortation systems market.

Major players in the parcel sortation systems market are Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions (US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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How integration of machine learning would help delivery robot OEMs to achieve complete automatization and to grasp this USD 50 billion opportunity?

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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Key Questions Addressed in the Report

1. How big is the opportunity for AI within delivery robots? How integration of machine learning would help delivery robot OEMs to achieve complete automatization and to grasp this USD 50 billion opportunity?
2. Which are the top use cases for delivery robots OEMs where AI can be implemented to generate revenue streams through new markets such as postal and education industries?
3. How can onboard data computing and efficient parallel computing propel the delivery robots market to USD 50 billion opportunity by 2030? Which companies are front runners?
4. With the rise in demand for delivery robots from various end-user industries, what are the opportunities for players now and for those planning to enter various stages of the value chain?
5. Delivery robot manufacturers have been partnering with various food chain and e-commerce companies, how will this impact the growth rate of the delivery robots market and who will have the undue advantage?

This report categorizes the delivery robots market based on load carrying capacity, number of wheels, component, speed limit, end-user industry, and region.

Delivery Robots Market, by Load Carrying Capacity:

• Up to 10.00 kg
• 10.01–50.00 kg
• More than 50.00 kg

Delivery Robots Market, by Number of Wheels:

• 3 wheels
• 4 wheels
• 6 wheels

Delivery Robots Market, by Component:

• Hardware
• GPS
• Cameras
• Radars
• Ultrasonic/LiDAR Sensors
• Control Systems
• Chassis and Motors
• Others (Wires, Batteries, Drive Wheels, and Relays)
• Software

Delivery Robots Market, by Speed Limit:

• Up to 3 kph
• 3 kph to 6 kph
• Higher than 6 kph

Delivery Robots Market, by End-User Industry:

• Food & Beverages
• Retail
• Healthcare
• Postal
• Others (Hospitality and Education)

Delivery Robots Market, by Region:

• North America
• US
• Canada
• Mexico
• 
  
• Europe
• Germany
• Switzerland
• UK
• Rest of Europe
• 
  
• APAC
• China
• Japan
• South Korea
• Rest of APAC
• 
  
• RoW
  • Middle East & Africa
  • South America

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
630 Dundee Road
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Growth in E-Commerce Driving the growth of Parcel Sortation Systems Market

The parcel sortation systems market was valued at USD 1.21 Billion in 2017 and is expected to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. Factors such as increasing labor costs, rising industrial automation, and growth in e-commerce are expected to drive the growth of the market during the forecast period.

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The objective of the report is to provide a detailed analysis of the parcel sortation systems market based on type, offering, end user, and geography. The report provides detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market. It also provides a detailed overview of the value chain pertaining the parcel sortation systems market.

Market for loop parcel sortation systems is expected to register a higher CAGR during the forecast period.

between the 2 types of parcel sortation systems, the market for loop parcel sortation systems is expected to register a higher CAGR between 2018 and 2023. The growth of the market for loop parcel sortation systems can be attributed to the benefits offered by these systems in terms of optimum space utilization, which makes them ideal for small and midsized warehouses and distribution centers.

Europe is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.

Among all regions, Europe held the largest share of the parcel sortation systems market in 2017. Presence of prominent logistics and e-commerce companies and major parcel sortation systems solution providers in this region has led to the dominance of Europe in the parcel sortation systems market.

Major players in the parcel sortation systems market are Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions (US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Delivery robot manufacturers have been partnering with various food chain & e-commerce companies, how will this impact the growth rate of the delivery robots market?

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.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263997316

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.

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Delivery Robots and Key Market Players | Strategies behind their growth

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.

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Starship Technologies develops self-driving robotic vehicles to hand over local parcels or groceries directly from stores or hubs to customers. The company opened its first office in Tallinn, Estonia, in December 2014. Other than Estonia, the company has its presence in the UK, Germany, and Switzerland. 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. Owing to its high-quality product “Starship Delivery Robot,” the company has managed to gather significant funding from various venture companies. For instance, 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. The company plans to dominate the delivery robots market by adopting partnership as a key strategy. For instance, the company partnered with Compass Group (UK) on Intuit Inc.’s (US) Mountain View campus to provide a robotic delivery.

JD.com is one of the two big B2C online retailers in China and is a member of the Fortune Global 500. The company reported an increase in the revenue by 40.3% in FY 2017 over FY 2016 (revenue for FY 2017 is USD 55.68 billion, for FY 2016, it is USD 39.69 billion). However, the company incurred a net loss of USD 23.40 million in FY 2017 compared to a net loss of USD 585.09 million in FY 2016. The company has a streamlined supply chain incorporated with technologies such as machine learning, natural language processing, and related computational approaches. JD.com has around 84,790 employees in its delivery function. The introduction of self-driving robots to carry out deliveries can significantly remove the labor expense, thereby enhancing the revenue and limiting the loss. The company plans to capture a larger market share by collaborating with technology providing companies. For instance, in June 2018, the company collaborated with Google (US) for initiating various strategic programs, including joint development of retail solutions in several regions around the world, including Southeast Asia, the US, and Europe.

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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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Parcel sortation systems market | Logistics is expected to hold the largest share between 2018 and 2023

"Parcel Sortation Systems Market by Type (Linear, Narrow Belt Sorters, Shoe Sorters, Small Parcel Sorters, and Loop, Cross-Belt Sorters Tilt Tray Sorters), Offering (Hardware, Software, and Services), End User Industry, and Geography - Global Forecast to 2023", the parcel sortation systems market is projected to be valued at USD 1.31 Billion in 2018 and is likely to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% between 2018 and 2023. The progress of the parcel sortation systems market is driven by growing labor costs, rising industrial automation, and growth in e-commerce.

Factors such as developing application areas of parcel sorting systems and integration of Industry 4.0 and IoT with sorting systems are creasing huge growth opportunities for the players in the parcel sortation systems market.

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Logistics is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.
Among all end-user industries, logistics held the largest share of the parcel sortation systems market in 2017. The leading position of logistics, in terms of market share, can be attributed to the increasing shipments of parcels and cartons and the growing need to deliver parcels in the shortest timeframe.

Europe is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.

Among all regions, Europe held the largest share of the parcel sortation systems market in 2017. Presence of prominent logistics and e-commerce companies and major parcel sortation systems solution providers in this region has led to the dominance of Europe in the parcel sortation systems market.

Major players in the parcel sortation systems market are Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions (US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

$34 Billion Delivery Robots Market - Global Forecast to 2024

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.

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.

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441