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$34 Billion Delivery Robots Market by Load Carrying Capacity, Component, Number of Wheels, End-User Industry and Geography – Global Forecast to 2024 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Delivery
Robots Market by Load Carrying Capacity, Component, Number of Wheels,
End-User Industry, and Geography – Global Forecast 2024”
report
has been added to ResearchAndMarkets.com’s offering.

The delivery robots market projected to grow at a CAGR of
19.15% during 2018-2024

The delivery robots market is expected to grow from USD 11.9 billion in
2018 to USD 34 billion by 2024, at a CAGR of 19.15% during the forecast
period.

There are numerous giant online retailers in the global market, along
with the emerging ones. Even some giant offline retailers are going
online because people all over the world have started preferring online
shopping owing to the huge discount and smooth delivery at their
doorstep.

The introduction of autonomous delivery robots in e-commerce will not
only give customers greater convenience at a lower cost but also
significantly alter the competitive landscape. Hence, the reduction in
costs of last-mile deliveries is one of the key factors driving the
market growth.

However, stringent regulations pertaining to operations of delivery
robots act as a key restraining factor for the market growth.

The delivery robots market for software to grow at a higher
CAGR during forecast period

Owing to technological advancements, robot OEMs have started integrating
data analytics platforms, such as big data analysis and predictive
analysis, into the robotic system.

With the help of the software, a delivery robot can perform various
tasks, such as route mapping and navigation, dynamic path planning, and
obstacle identification. The fast growth of the market for software can
also be attributed to the increased demand for delivery robots with auto
navigation and autonomous decision-making capabilities.

The market for 6-wheeled delivery robots to grow at a high
CAGR from 2018 to 2024

6-wheeled delivery robots can run on different types of terrain in a
balanced way. In APAC, countries such as India and China will opt for
6-wheeled delivery robots, which would be widely used for the delivery
of food items and beverages. Most of the 6-wheeled delivery robot
manufacturers offer a delivery robot with all-wheel drive capability.

This feature allows the robot to handle the toughest and steepest hill
with an ability to drive 20 miles in a single charge, and these robots
are costlier than 4-wheeled delivery robots, which is the key factor
fueling the growth of the market for 6-wheeled delivery robots.

North America to dominate the delivery robots market in 2018

North America is expected to hold the largest share of the delivery
robots market in 2018. The dominance of North America can be attributed
to the increasing demand for delivery robots in the retail industry and
growing labor charges for last-mile deliveries.

Apart from the retail industry, the delivery robots have also been
adopted for delivering food items and beverages to the university and
corporate campuses specifically in the US, which also is one of the key
driving factors for the delivery robots market in North America.
Further, restrictions on using drones for delivery applications create a
growth opportunity for the delivery robots market in the region.

Market Dynamics

Drivers

  • Reduction in Delivery Costs in Last-Mile Deliveries
  • Increase in Venture Funding

Restraints

  • Stringent Regulations Pertaining to Operations of Delivery Robots

Opportunities

  • Worldwide Growth of E-Commerce Market
  • Restrictions on Use of Drones for Delivery Services

Challenges

  • Limited Range of Operation
  • Operations in Populated Areas Creating Safety Issues

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Delivery Robots Market, By Load Carrying Capacity

7 Delivery Robots Market, By Component

8 Delivery Robots Market, By Number of Wheels

9 Delivery Robots Market, By Speed Limit

10 Delivery Robots Market, By End-User Industry

11 Geographic Analysis

12 Important Safety Components of Delivery Robots

13 Competitive Landscape

14 Company Profiles

  • Amazon Robotics
  • Boston Dynamics
  • Box Bot
  • Dispatch
  • Eliport
  • JD.Com (Jingdong)
  • Kiwi Campus
  • Marble
  • Nuro
  • Panasonic System Solutions Asia Pacific
  • Piaggio Fast Forward
  • Robby Technologies
  • Robomart
  • Savioke
  • Starship Technologies
  • Teleretail

For more information about this report visit https://www.researchandmarkets.com/research/xqgwq8/34_billion?w=4

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Related
Topics: Robotics

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