Delivery Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Delivery Robots Market Introduction
Robots have transformed the manufacturing and industrial sector in recent decades, and are starting to penetrate into the wider world of business. Burgeoning delivery issues and the rapidly advancing technology are paving way for growth in the delivery robots market. Customers are seeking more from their delivery providers. Also, a highly competitive environment in tandem with customers’ high cost sensitivity has triggered the development of technology to help companies deliver on these demands.
Robotic delivery devices are gaining traction, owing to their capability to solve the ‘last mile’ problem integral to delivery operations. As this is the most expensive stage of the delivery process, products need to be precisely targeted to reach their final destinations intact, and on time, and delivery robots can make it possible. Leading tech giants operating in delivery robots market are designing robots to provide a cutting-edge autonomous door-to-door delivery service to online shoppers across the world. All these factors helped the delivery robots market reach a value of roughly US$ 12 million in 2018.
Delivery Robots Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global delivery robots market include –
Delivery Robots Market Dynamics
Growing Need for Precise Delivery of Items– The Primary Driver for the Delivery Robots Market
The automotive delivery services, such delivery robots are gaining traction as a growing number of city dwellers expect instant or scheduled delivery for nearly everything. Furthermore, meal-kit firms are increasing, and grocery stores are registering a burgeoning percentage of their sales online. However, on the final leg of all such deliveries, known as the last mile, manual delivery, such as humans on vehicle, or large delivery trucks usually ferry delivery packages. All these delivery vehicles struggle for space on busy streets, which, in turn, is propelling companies to adopt innovations, such as delivery robots. Moreover, the delivery robots have the potential to reduce the high labor costs associated with manual delivery of items.
Delivery Robots Could Re-Shape Last Mile Delivery for Better
As technology accelerates customers’ expectations of what they can have, it is expanding their options for how those orders get delivered to them. Consequently, retailers, restaurants, and shippers are embracing technology to experiment with robots, self-driving cars and drones to adopt automation in order to reduce the high cost of delivering items the ‘last mile’ to consumer doorsteps. The delivery robots are gaining traction for last-mile delivery, as they can provide greater delivery convenience at low cost, while considerably altering the competitive landscape. Furthermore, the use of electric delivery robots is expected to become necessary in order to comply with the growing stringent emissions-related regulations.
Rising Challenges Restricting Growth in Delivery Robots Market
Although the delivery robots market is likely to accelerate, several challenges remain, especially for automated last-mile deliveries. For instance, most of the trials of autonomous last-mile delivery robots occur in fair-weather locations, thus, these vehicles could face challenges with snowy, icy, or rainy conditions during outdoor deliveries. Furthermore, municipalities in many parts of the world are regulating the use of delivery robots on city sidewalks. For instance, the city of San Francisco prohibited delivery robots from most of its sidewalks in December 2017, prompting companies to conduct trails for robots in other cities. Such challenges, among others, have been limiting the business expansion of stakeholders, who are eying better revenues.
Developed Economies Dominating the Delivery Robots Market
The burgeoning demand for delivery robots in the retail sector, coupled with the increasing labor charges, primarily for last-mile deliveries, have been driving sales of delivery robots in developed economies, such as North America. Moreover, North America is home to numerous delivery robot manufacturing firms, such as BoxBot and Robby Technologies, due to which demand for such devices is likely to take off significantly in the region. Adequate street infrastructure has been aiding companies in testing and operating delivery robots in North America.
Delivery Robots Market Segmentation
Based on the load carrying capacity, the delivery robots market is segmented into,
Based on component, the delivery robots market is segmented into,
Based on number of wheels, the delivery robots market is segmented into,
Based on end-user industry, the delivery robots market is segmented into,
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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