Delivery Robots Market was valued at US$ 236.36 Mn. in 2020 and is expected to grow at a CAGR of 17.3 % by 2027. Thanks to the growing food and beverages industry for creating huge demand for the Global Delivery Robots Market.
Delivery Robots Market Overview:
The Delivery Robots market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Delivery Robots Market as well as the factors influencing regional variations in the growth of the sector.
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Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Drivers:
Increasing adoption of delivery robots in the food and beverages industry for easy and quick movement and in the E-commerce sector is drawing the growth of the delivery robots market. In 2019, “DoorDash” started to use delivery robots to deliver customer food to the doorsteps in Northern California. In 2020, AMAZON a private entity to adopt the delivery robot concept by 65 % followed by FedEx (19%) and United parcel services (18%).
Increasing government initiatives for contactless delivery due to global pandemics and the use of delivery robots in the pharmaceutical industry are adding an advantage to the growth of the market. In 2020, WIRLD ECONOMIC FORUM is expecting to set up new rules and regulations to keep the road safe. Because in “Arlington” more than 73 % of personal delivery devices (PDDs) would stop in unauthorized space, creating problems for pedestrian crossing and bike lanes.
Segmentation:
The Delivery Robots Market is divided into three categories based on load-carrying capacity: up to 10 kg, more than 10 kg to 50 kg, and more than 50 kg. With a market share of 56% in 2020, the More than 10 kg to 50 kg segment dominated the entire world market. Due to the expansion of the logistics and food delivery industries, the majority of businesses are concentrating on the development of robots with high carrying capacities. 2015 saw the launch of STARSHIP's autonomous delivery robot, which can carry loads up to 10 kg. A RELAY+ service robot for hotels, hospitals, and offices with a high load-carrying capacity was also released in 2014 by "Savioke."
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Key Players:
To identify the market's leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the significant thought leaders and subject matter experts that are included in the primary study's in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The Delivery Robots market is dominated by the following businesses:
• Starship Technologies
• JD.com
• Panasonic System Solutions Asia Pacific
• Savioke
• Refraction AI
• Nuro
• Amazon Robotics
• Robby Technologies
• Boston Dynamics
• Robomart
• Eliport
• Dispatch
• Piaggio Fast Forward
• Marble
• TeleRetail
• BoxBot
• Kiwi Campus
• House of Battery
• Ultralife Corporation
• Fastree
• Quanergy
• By Starship Technologies
• Aethon
• Cleveron
• Udelv Inc
Regional Analysis:
The regional market research analysis for Delivery Robots also covers particular market driving forces and changes in market laws affecting current and future market trends. Current and upcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to establish a better foundation. The appraisal of the geographic market is built on the basis of the current environment and expected tendencies.
COVID-19 Impact Analysis on Delivery Robots Market:
Due to a halt in operations, the growth of end-user industries using Delivery Robots decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Delivery Robots manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market's expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Delivery Robots has been severely decreased.
Key Questions Answered in the Delivery Robots Market Report are:
- Which market segment accounted for the most percentage of Delivery Robots in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Delivery Robots market's growth?
- Which region dominates the Delivery Robots market in terms of market share?
- What will be the market's expected CAGR from 2022 to 2029?
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