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Delivery Robot market to reach USD 50 million by 2028 with a CAGR of 16.5% during the review period| Valuates Reports

BANGALORE, India, Aug. 5, 2022 /PRNewswire/ -- Delivery Robot Market is segmented By Type(LiDAR Sensors, Control Systems), By Application(Food & Beverages, Retail): Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Valuates Reports under the Heavy Machinery Category.

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Delivery Robot market size is estimated to be worth USD 20 million in 2022 and is forecast to be a readjusted size of USD 50 million by 2028 with a CAGR of 16.5% during the review period.

Major Factors Driving the Growth of Delivery Robot Market

The increasing need to cut costs in last-mile deliveries and rising use in the hospitality industry will fuel the growth of the market during the forecast period. Furthermore, the expansion of the eCommerce industry will drive the growth of the delivery robot market.

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TRENDS INFLUENCING THE GROWTH OF THE DELIVERY ROBOT MARKET

Delivery robots are bringing forth many advantages to several industry verticals. The use cases are immense from food delivery in restaurants to guidance in hotels, hospitals, nursing homes, etc. The automation of time-consuming and repetitive tasks is helping businesses overcome the challenges of labor shortage. This will boost the growth of the delivery robot market during the forecast period. Robots and automation are the perfect solutions for enabling organizations to serve customers at maximum volume and operate at peak performance.

The onslaught of the covid 19 pandemic gave rise to the preference for contactless delivery systems. Robots add a layer of safety to food handling. Robotic delivery cuts operational costs and reduces congestion and pollution. It is easily trackable via smartphone apps. Their advanced features will bolster the growth of the global delivery robot market in the coming years. Delivery vehicles can get stuck in traffic whereas robots are able to navigate through any area as they come equipped with 360-degree cameras that allow them to quickly scan and overcome any obstacles while delivering the food when it's still warm.

The expansion of the eCommerce industry and rapid digitization are fueling the shift towards robots. Robotic technology enhances the overall shopping experience of customers in the retail industry. They are able to capture more granular data about the products on shelves and buying patterns of consumers. This will push the delivery robot market forward in the forthcoming years. Straightforward jobs like material handling, cleaning, and inventory management reduce the requirement of workers and cut operational expenses. Robots conduct real-time information tracking and gathering allowing business owners to understand the buying patterns. Packages are delivered in a matter of hours.

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DELIVERY ROBOT MARKET SHARE ANALYSIS:

Based on application, the food and beverages segment is expected to dominate in the delivery robot market share as hotels and resorts are rapidly expanding their non-human staff. Robots have become an emerging technology trend due to the need for elevating the customer experience. Automation enables self-service and leads to improvements in terms of speed, cost, and accuracy.

Based on region, North America will witness significant growth due to the presence of key market players, increasing use of robots in several end-user industry verticals, and technological advancements.

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Key Companies:

  • Starship Technologies
  • Panasonic System Solutions
  • Savioke
  • Nuro
  • Amazon Robotics
  • Robby Technologies
  • Boston Dynamics
  • Robomart
  • Eliport

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SIMILAR REPORTS:

-Automated Parcel Delivery Terminals market size is estimated to be worth USD 1045.6 million in 2022 and is forecast to be a readjusted size of USD 1743.9 million by 2028 with a CAGR of 8.9% during the review period.

-Same-day Delivery market size is projected to reach USD 123050 million by 2027, from USD 11620 million in 2020, at a CAGR of 38.5% during the forecast period 2021-2027.

-Last Mile Delivery market size is estimated to be worth USD 42860 million in 2022 and is forecast to a readjusted size of USD 75510 million by 2028 with a CAGR of 9.9% during the review period.

-Drone Package Delivery market size will be USD 241.53 Million and it is expected to reach USD 3694.38 Million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 57.55% during the forecast period 2021-2027.

-Commercial Drone market size is estimated to be worth USD 6510.8 million in 2022 and is forecast to be a readjusted size of USD 34500 million by 2028 with a CAGR of 32.0% during the review period.

-Dry bulk shipping market size is projected to grow from USD 35 billion in 2020 to USD 101 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 16% from 2021 to 2027.

- The global parcel delivery market size was USD 47 billion in 2021, it is estimated to grow at a CAGR of 11.5% from 2022 to 2028.

-Dropshipping market size is projected to reach USD 621410 million by 2028, from USD 162550 million in 2021, at a CAGR of 20.7% during 2022-2028.

-Continuous Delivery market size is projected to reach USD 3132.2 million by 2028, from USD 1546.2 million in 2021, at a CAGR of 10.5% during 2022-2028.

- The global Drone Logistics and Transportation market size is projected to reach USD 12180 million by 2028, from USD 5752.2 million in 2021, at a CAGR of 10.8% during 2022-2028.

-Digital Logistics market size is projected to reach USD 22170 million by 2028, from USD 10230 million in 2021, at a CAGR of 11.5% during 2022-2028.

- The global express delivery market size was valued at USD 262.86 billion in 2020 and is projected to reach USD 484.38 billion by 2030 registering a CAGR of 6.4% from 2021 to 2030.

- The global IoT Fleet Management Market size is projected to reach USD 26410 million by 2027, from USD 6955.7 million in 2020 at a Compound Annual Growth Rate (CAGR) of 21.0% during 2021-2027.

- The global logistics market size is valued at USD 7641.20 billion in 2017 and is projected to reach USD 12975.64 billion by 2027 registering a CAGR of 6.5% from 2020 to 2027.

-Smart Parcel Delivery Locker market was valued at USD 502 million in 2020 and it is expected to reach USD 1022.8 million by the end of 2027, growing at a CAGR of 10.3% during 2021-2027.

-Global Contactless Parcel Delivery System Market Insights, Forecast to 2028

-Global Electric Parcel Delivery Van Market Insights, Forecast to 2028

-Global Direct Store Delivery Software Market Size, Status, and Forecast to 2022

-Cloud Kitchen Market size was valued at USD 29,418.5 million in 2020 and is estimated to reach USD 112,741.7 million by 2030 with a CAGR of 13.12% from 2021 to 2030.

Click here to see related reports on Delivery Robot Market

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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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