Selbyville, Delaware, July 14, 2020 (GLOBE NEWSWIRE) -- According to Market Study Report Worldwide delivery robot market size accounted for USD 14.18 billion in the year 2019 and expected to reach USD 54.30 billion by 2027, growth rate of 18.2% between 2020 and 2027. The growth is primarily attributed to easy availability of affordable delivery robots and improved return on investment (ROI).
The study also evaluates the potential challenges & restraints that may hamper the product demand and hinder the market expansion in the subsequent years. Additionally, the report categorizes the market into various segmentations and provides detailed analysis of the regional scope as well as the competitive spectrum over the forecast period.
For those uninitiated, a delivery robot is an automated machine that is employed to distribute goods. The emergence of autonomous robotics solutions has allowed for efficient and cheap delivery systems, which is further aiding the market expansion.
Shifting preference for flexible delivery systems and rising loading capacity of these robots are also stimulating the industry outlook. Furthermore, focus towards improving last-mile delivery in tandem with development of advanced delivery robots are favoring the market outlook. In November 2019, for instance, MIT in United States introduced a last-mile delivery robot equipped with advanced navigation technology.
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Additionally, inclination towards online shopping have resulted in rapid expansion of e-commerce sector, which in turn fostering the demand for effective delivery systems across the globe. However, strict regulatory scenario regarding the adoption of delivery robots may act as a restraining factor to the market expansion.
Summarizing the product insights:
Global delivery robot market is divided into various segmentations such as load carrying capacity, component type, number of wheels, speed limit, industry type and geographical landscape.
Speaking of load carrying capacity, the market is split into more than 50 kg, 0.01-50.00 kg and up to 10 kg. In terms of component type, delivery robot market is bifurcated into software and hardware. As per number of wheels, the industry is classified into 6 wheels, 4 wheel and 3 wheels.
By speed limit, the market is segmented into higher than 6 kph, 3 kph-6 kph and up to 3 kph. The industry scope of global delivery robot market comprises of postal, healthcare, food & beverages, retail and others.
From the regional point of view:
Worldwide delivery robot market is split into North America, Asia-Pacific, Europe, Latin America and Rest of the World with major focus on countries such as Canada, U.S., South Korea, Australia, Japan, India, China, Italy, Spain, France, Germany, U.K., Mexico and Brazil among others.
As per the given report, North America accounts for a substantial market share and is expected to register consistent growth throughout the forecast period. Growing demand for last-mile delivery solutions coupled with increasing utilization of delivery robots are favoring the market outlook in the region.
On the other hand, Asia-Pacific delivery robot industry is poised to record healthy growth rate in the subsequent years. Factors such as mounting number of online deliveries and rising per capita income are augmenting the regional demand for delivery robots.
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Highlighting the competitive arena:
The major companies constituting the competitive terrain of global delivery robot market are Eliport, Robomart, Boston Dynamics, Robby Technologies, Amazon Robotics, Nuro Inc., Savioke, Panasonic System Solutions Asia-Pacific, JD.com Inc. and Starship Technologies.
Global Delivery Robot Market Load Carrying Capacity Analysis (Revenue, USD Billion, 2017-2027)
- Up to 10 Kg
- 0.01-50.00 Kg
- More Than 50 Kg
Global Delivery Robot Market Component Type Analysis (Revenue, USD Billion, 2017-2027)
- Hardware
- Software
Global Delivery Robot Market Number of Wheels Analysis (Revenue, USD Billion, 2017-2027)
- 3 Wheels
- 4 Wheels
- 6 Wheels
Global Delivery Robot Market Speed Limit Analysis (Revenue, USD Billion, 2017-2027)
- Up to 3 kph
- 3 kph-6 kph
- Higher than 6 kph
Global Delivery Robot Market Industry Type Analysis (Revenue, USD Billion, 2017-2027)
- Retail
- Food & Beverages
- Healthcare
- Postal
- Others
Global Delivery Robot Market by Regional Analysis (Revenue, USD Billion, 2017-2027)
North America
- U.S.
- Canada
Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Rest of Europe
Latin America
- Brazil
- Mexico
Asia-Pacific
- India
- Japan
- Australia
- China
- South Korea
- Rest of Asia-Pacific
Rest of the World
Global Delivery Robot Market Competitive Framework Analysis (Revenue, USD Billion, 2017-2027)
- Starship Technologies
- Panasonic System Solutions Asia Pacific
- Nuro Inc.
- JD.com Inc.
- Savioke
- Amazon Robotics
- Boston Dynamics
- Robomart
- Robby Technologies
- Eliport
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Delivery Robot Market, by Region, 2018-2027 (USD Billion)
1.2.2. Delivery Robot Market, by Load Carrying Capacity, 2018-2027 (USD Billion)
1.2.3. Delivery Robot Market, by Component, 2018-2027 (USD Billion)
1.2.4. Delivery Robot Market, by Number of Wheels, 2018-2027 (USD Billion)
1.2.5. Delivery Robot Market, by Speed Limit 2018-2027 (USD Billion)
1.2.6. Delivery Robot Market, by Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Delivery Robot Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Delivery Robot Market Dynamics
3.1. Delivery Robot Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Delivery Robot Market: Industry Analysis
4.1. Porter?s 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Delivery Robot Market, by Load Carrying Capacity
5.1. Market Snapshot
5.2. Global Delivery Robot Market by Load Carrying Capacity, Performance - Potential Analysis
5.3. Global Delivery Robot Market Estimates & Forecasts by Load Carrying Capacity 2017-2027 (USD Billion)
5.4. Delivery Robot Market, Sub Segment Analysis
5.4.1. Up to 10 Kg
5.4.2. 0.01?50.00 Kg
5.4.3. More Than 50 Kg
Chapter 6. Global Delivery Robot Market, by Component
6.1. Market Snapshot
6.2. Global Delivery Robot Market by Component, Performance - Potential Analysis
6.3. Global Delivery Robot Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
6.4. Delivery Robot Market, Sub Segment Analysis
6.4.1. Hardware
6.4.2. Software
Chapter 7. Global Delivery Robot Market, by Number of Wheels
7.1. Market Snapshot
7.2. Global Delivery Robot Market by Number of Wheels, Performance - Potential Analysis
7.3. Global Delivery Robot Market Estimates & Forecasts by Number of Wheels 2017-2027 (USD Billion)
7.4. Delivery Robot Market, Sub Segment Analysis
7.4.1. 3 wheels
7.4.2. 4 wheels
7.4.3. 6 wheels
Chapter 8. Global Delivery Robot Market, by Speed Limit
8.1. Market Snapshot
8.2. Global Delivery Robot Market by Speed Limit, Performance - Potential Analysis
8.3. Global Delivery Robot Market Estimates & Forecasts by Speed Limit 2017-2027 (USD Billion)
8.4. Delivery Robot Market, Sub Segment Analysis
Chapter 9. Global Delivery Robot Market, by Industry
9.1. Market Snapshot
9.2. Global Delivery Robot Market by Industry, Performance - Potential Analysis
9.3. Global Delivery Robot Market Estimates & Forecasts by Industry 2017-2027 (USD Billion)
9.4. Delivery Robot Market, Sub Segment Analysis
Chapter 10. Global Delivery Robot Market, Regional Analysis
Related Report:
Logistics Robots Market - Global Analysis and Forecasts to 2027
The global logistics robots market accounted for US$ 4,356.2 Bn in 2018 and is expected to grow at a CAGR of 19.10% over the forecast period 2019-2027, to account for US$ 20,293.4 Bn in 2027. APAC region held the largest share of the logistics robots market in 2018, and it is expected to continue its dominance during the forecast period of 2019-2027. It has contributed more than 50% to the overall revenue of the logistics robots market in the year 2018. The North America and Europe held the second and third position in the global logistics robots market in 2018 with market shares of >20% and >15%, respectively.
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