Reduction in Last Mile Delivery Cost to Drive the Global Delivery Robot Market at a CAGR of 9.9% between 2019 and 2025
Global Delivery Robots Market Report -New Research Report Announced with business priorities in order to assist companies to realign their business strategies.
Los Angeles, United States – September 30, 2019 /MarketersMedia/ —
The recent research report by QY Research, titled, “Global Delivery Robots Market Report,” analyzes various aspects of the global delivery robots market. The innovations in robotic technology has driven the growth of delivery robots in various sectors. The report gives an in-depth analysis of the various sectors that are expected to augment the market in during the forecast period. The report will provide its reader with a detailed information about the global delivery robots market for their complete understanding of the market dynamics.
According to the research report, the global delivery robots market was worth US$2350 mn in 2018 and is expected to reach US$4604 mn by the end of 2025. During the forecast years of 2019 and 2025, the global market for delivery robots is projected to register a CAGR of 9.9%.
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Increasing Adoption of Delivery Robotics Attributed to Efficiency in Delivery
The demand of delivery robots is expected to increase with the rising e-commerce sector. These robots are designed to deliver food, shipments, postal, and couriers. The market is projected to garner momentum due benefits such as reduction of the last mile delivery cost, efficiency in delivery compared to manual delivery systems, and others. These robots are increasingly being adopted by the e-commerce giants for offline delivery. Their software programs enable them with obstacle identification, dynamic path planning, route mapping, and navigation. Due to their capability to carry heavy weight load, they can be used for delivery of heavy parcels that are ordered by online shoppers.
A delivery robot can work in various sectors such as healthcare, food and beverages, retail, and others. Also, various restrictions on delivery drones are posing to be very beneficial for the market. Technological advancements and high efficiency of delivery robots are expected to positively impact the global delivery robots market.
Rising Demand for Cargo Shipment to Increase Demand for Delivery Robot
The global delivery robots market compromises of two segments, product type and application. The product type segment consists of delivery robots with carrying weight capacity of up to 10.00 kg, 10.01–50.00 kg, and more than 50.00 kg. Among others, the 50 kg segment is expected to grow due to the cargo shipment and delivery of parcels to consumers. The application segment consists of food and beverages, retail, healthcare, postal, and others.
Reduction in Last-mile Delivery Cost to Increasing Adoption of Delivery Robots in North America
North America has dominated the delivery robot market since 2018 and is expected to hold the largest share of the delivery robots. Growing labor charges for last-mile deliveries and increasing retail industry has driven the growth of delivery robot market in North America. Analysts expect that Asia Pacific is also expected to boost the market for delivery robots as e-commerce is becoming indispensable to the retail industry. Courtiers such as Japan and Australia are increasingly becoming more aware and involved with the testing of delivery robots. Other regions like Europe, Central & South America, South Korea, the Middle East, GCC Countries, and Africa, and Latin America have also been analyzed in the report.
Innovation in Delivery Robots to Drive the Global Market
Amazon has expanded further to try out testing for its new delivery robot in Irvine area. The delivery robot’s name is Scout and is a blue color, six wheeled, electric robot. In the test, the robots are being dispatched with an order to make sure their cargo reaches their destination.
Robomart has partnered with Stop & Shop to roll out Breadbot, a novel concept to attract customers to the store. This will help them keep up with bakery demand and offer high-quality, fresh-made products.
These companies are expanding their business in delivery robotics market by working on adding new feature and expanding the technological horizon. It is expected to increase their market share and also set high bars for their competitors.
Other manufacturers like Starship Technologies, Robby Technologies, Amazon Robotics, Boston Dynamics, Robomart, Eliport, Piaggio Fast Forward, Box Bot, Savioke, Dispatch, TeleRetail, Marble, Nuro, and Jingdong are some of the key players in the global delivery robot market.
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