Market Research Report
Delivery Robots Market, By Load Carrying Capacity, By Number of Wheels, By Component, By Speed Limit, By End User, and Geography - Analysis, Share, Trends, Size, & Forecast from 2020 - 2026
|Delivery Robots Market, By Load Carrying Capacity, By Number of Wheels, By Component, By Speed Limit, By End User, and Geography - Analysis, Share, Trends, Size, & Forecast from 2020 - 2026|
Published: January 1, 2020
AnalystView Market Insights
Content info: 212 Pages
Delivery time: 2-3 business days
Delivery Robots Market was valued at USD 12.3 billion by 2018, growing with 21.6% CAGR during the forecast period, 2020-2026
The work of the delivery robot is to cater to autonomous delivery services to all the global online shoppers. The global delivery robot industry is estimated to flourish at a rapid rate until 2021. The increase in online shopping will have a direct impact on the delivery robot market during the forecast period. The e-commerce industry shows no sign of stoppage, and many developing countries are now experiencing this trend. Currently, the cost of human drivers is around USD 1.60, which can be reduced to 0.06 by using robots. This cut down in cost is the prominent aspect of the growth of this industry. Also, an increase in venture funding will give the desired pump to this industry.
However, there are some challenges in this industry. Just like self-driving vehicles, these robots are being tested on different weather conditions. These robots may face some challenges in snowy and rainy conditions. Also, the vast investment and lack of awareness may hamper the industry in the future.
Load Carrying Capacity Segment Takeaway
As per the capacity, the industry is segmented into 0-10.0 kg, 10.01-50.00 kg, and more than 50.00 kg. More than 50.0 kg segment is anticipated to lead the industry because of its usage in cargo shipment for delivering parcels to customers. Also, the machines with 50 kg load carrying capacity are widely required in the e-commerce industry for transporting groceries and other heavyweight parcels to consumers. However, robots with more than 50 kg load carry capacity can't run on sidewalks, and hence they should be well programmed to follow all the traffic rules.
Number of Wheels Segment Takeaway
Based on wheels, the robots are bifurcated into 3,4 and 6 wheels. 4-wheeled robots will capture the largest share among rest, as they are well-balanced as compared to 3 and 6 wheeled. Because of less distance between the front and rear wheels, these 4-wheeled robots cater to efficient zero-radius turning. Hence many leading companies are giving preference to 4-wheeled machines because of their excellent rotation property in its place. However, the 6-wheeled industry is also gaining the attention of many companies, and it is expected to flourish in the market during the forecast period.
On the basis of the component, the market is divided into hardware and software. In 2018, hardware showed its dominance in the industry and is expected to continue the same trend during the forecast period. Hardware components like cameras, LiDAR, and sensors are the significant parts of the robot and have contributed to the delivery cost.
Speed Limit Segment Takeaway
By speed limit, the industry is segmented into up to 3kph, 3kph to 6kph, and higher than 6kph. Among these, more than six kilometre per hour speed category is expected to capture the market. The speed limit is always a concern for, as it has to keep in mind the safety of human commuters. But on the other hand, the low speed may hamper the efficiency of robots. The speed limit usually allowed is six kph. But technologically advanced robots can deliver items quickly. And this aspect is anticipated to fuel up the market of more than 6kph speed.
Delivery robots serve multiple industries like healthcare, retail, food & beverages, and others. Among all food & beverage segment is anticipated to grow at the fastest rate during the forecast period. However, this market is also expected to grow in the retail sector because of low-cost delivery as compared to humans.
North America is anticipated to grab the market because of the easy availability of software and hardware. This region is again segmented into U.S. and Canada, among which the U.S. is expected to take the largest share till 2025. Europe is also projected to get healthy growth because of the interest of robot manufacturers towards the making of delivery robots. Germany, France, Italy, U.K, and Spain are the major countries in this market.
The leading companies of the market are JD.com, Robomart, Marble, Robby Technologies, Ultralife Corporation, TeleRetail, Boston Dynamics, Starship Technologies, Kiwi Campus, Eliport, Amazon Robotics, Savioke, Panasonic System Solutions Asia Pacific, BoxBot, etc. Starship Technologies has come up with self-driving robots, which has given speed to the distribution of groceries. The company is focusing on reducing the cost and waiting time with the least impact on the environment.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY LOAD CARRYING CAPACITY
More than 50.00 kg
MARKET, BY NUMBER OF WHEELS
MARKET, BY COMPONENT
MARKET, BY SPEED LIMIT
3kph to 6kph
Higher than 6kph
MARKET, BY END USER
Food & Beverages
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA