Hardware Component to Dominate Global Delivery Robots Market until 2024

Increasing demand for delivery robots in industries such as food & beverages and retail to drive global delivery robots market through 2024

According to TechSci Research report, “Global Delivery Robots Market By Load Carrying Capacity, By Component, By Number of Wheels, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024”, delivery robots market, globally, is expected to register growth during the forecast period, owing to surging labor shortages and skyrocketing last-mile delivery costs. Delivery robots can reduce cost in last-mile deliveries and increase venture funding, which is anticipated to boost the adoption of these robots across various sectors in coming years. Companies operating in the delivery robots domain are collaborating and launching new products in order to register strong growth. Starship Technologies, TeleRetail, Nuro and Robby Technologies, Inc. are some of the leading players in the market. 

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Global delivery robots market can be segmented based on load carrying capacity, component, number of wheels and end user industry. In terms of load carrying capacity, less than 10kg is the preferred segment, as local restaurants usually adopt these robots for the delivery of food parcels and beverages to consumers. Based on the component, the market can be segmented into hardware and software. Hardware is the major segment in global delivery robots market, as LiDAR, sensors and cameras are the crucial parts and contribute to the major cost of delivery robots. On the basis of number of wheels, the market can be classified into 3 wheels, 4 wheels and 6 wheels. 4 wheels emerged as the leading segment in 2018, owing to its capability to well balance the robot. However, 6 wheels segment is expected to grow at the highest rate during the forecast period, as these are efficient in rotating in place.

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“North America is the largest market for delivery robots across the globe, on the back of increasing grants and funds by governments for encouraging developments related to robotics and presence of leading players in the region. Asia-Pacific delivery robots market is expected to witness impressive growth during the forecast period, on account of increasing awareness pertaining to delivery robots and their efficiency at reduced costs in countries such as Australia and Japan.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Delivery Robots Market By Load Carrying Capacity, By Component, By Number of Wheels, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of delivery robots market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global delivery robots market.

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