The Delivery Robots Market is anticipated to increase from USD 212 million in 2021 to USD 957 million by 2026, growing at a CAGR of 35.1 % from 2021 to 2026. The market for delivery robots is expanding as a result of lower last-mile delivery costs and an increase in venture capital funding. The global e-commerce market’s expansion is another element boosting the market for delivery robots.
The market for delivery robots was dominated in 2020 by the retail sector.
During the projection period, the market for weights greater than 50.0 Kg is anticipated to have the biggest market share. The market for delivery robots with a load-carrying capacity of more than 50 kg was estimated to be the largest throughout the forecast period due to their widespread use in the retail industry. The size of robots is also constrained by the current issue of traffic congestion, which prevents autonomous cars from moving easily. Therefore, their tiny form factor is what is driving the market expansion for delivery robots with a weight carrying capacity of up to 10,000 kg.
In 2020, hardware components accounted for a higher portion of the market for delivery robots. The more expensive parts, such as radars, and LiDAR sensors, are to blame for the hardware’s bigger market share. However, due to the rising demand for delivery robots with auto navigation and autonomous decision-making abilities, the market for software components is anticipated to expand at a faster CAGR over the forecast period.
In terms of value, the market for 4-wheeled delivery robots held the biggest market share in 2020. Companies provide four-wheeled robots to deliver a variety of items, including groceries, meal orders, flowers, packages, and boxes. With 4-wheeled robots, a smaller gap between the front and rear sets of wheels will enable greater zero-radius turning in any desired direction. Consequently, delivery robots with four wheels held the majority of the market.
The market for delivery robots was dominated in 2020 by the retail sector. By 2026, the market for the retail sector is anticipated to have grown at the greatest CAGR of 35.6 %, totaling USD 640.5 million. Online buying is encouraged by the rise in internet usage. In the coming years, it is anticipated that the steadily growing trend of online shopping would increase demand for delivery robots for use in e-commerce applications in the retail sector. These robots would also be used for freight deliveries after the norms and regulations for operating delivery robots are set globally, which is another major aspect that is likely to fuel the market’s expansion.
At a CAGR of 34.2 % during the projected period, the North American market, which was valued at USD 103.1 million in 2021, is anticipated to grow to USD 448.7 million by 2026. Numerous delivery robot manufacturers, including Robby Technologies (US) and BoxBot, are based throughout North America (US). Companies can test and run delivery robots in this area because of sophisticated and sufficient street infrastructure, such as good design and adequate sidewalk and footpath width.
Self-driving delivery robots are available from Starship Technologies, which enhances the local distribution of goods and food. The local distribution chain has been revised in accordance with the company’s aim of zero costs, zero waiting times, and the least possible environmental damage.
Robots, according to the business, can make local deliveries in 5 to 30 minutes from a hub or retail location while costing 10 to 15 times less than alternative last-mile delivery options currently available. To ensure safety, robots are controlled by humans and have the ability to drive on their own.
