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Autonomous Last Mile Delivery Robots Market Size

  • Report ID: GMI8295
  • Published Date: Feb 2024
  • Report Format: PDF

Autonomous Last Mile Delivery Robots Market Size

Autonomous Last Mile Delivery Robots Market was valued at over USD 170 million in 2023 and is estimated to register a CAGR of over 25% between 2024 & 2032. The market for last-mile delivery robots is growing at a rapid rate due to technological advancements that increase robot capabilities.

 

Robots can now navigate challenging situations, find the best routes for deliveries, and operate more efficiently owing to cutting-edge technologies such as artificial intelligence, machine learning, and sensor upgrades. These robots are equipped with innovations that allow flawless last-mile deliveries, enhance package handling accuracy, and respond to various conditions. The autonomous last mile delivery robots market is also competitive due to the ongoing technological advancements that not only improve upon current features but also create new ones. For instance, in May 2022, Uber launched a trial program for self-driving food delivery services in two California towns, marking an important step toward incorporating self-driving vehicles into its operations. Furthermore, the firm added Electric Vehicle (EV) charging sites to its global driver app, promoting the transition to sustainable transportation.
 

Growing metropolitan areas generate the demand for effective last-mile delivery solutions, thereby driving the market for last-mile delivery robots. The growing urban population has also increased the demand for delivery services that are dependable and quick. By traversing crowded metropolitan environments, eliminating traffic-related issues, and guaranteeing precise & timely last-mile deliveries, delivery robots provide a solution. This tendency is a major factor propelling the market for last-mile delivery robots as companies look for creative & practical ways to satisfy urban consumer needs.
 

The limited battery life of autonomous last mile delivery robots limits output and forces frequent recharging breaks that reduce operational effectiveness. This restriction increases maintenance expenses and logistical difficulties in addition to prolonging delivery timeframes. The market's continued expansion depends on overcoming this barrier, which calls for developments in battery technology to improve robot endurance, decrease downtime, and streamline last-mile delivery services.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for autonomous last mile delivery robots crossed USD 170 million in 2023 and is expected to register over 25% CAGR from 2024-2032 owing to the technological advancements that increase robot capabilities worldwide.

Autonomous last mile delivery robots industry from the e-commerce & retail segment is expected to register over 28% CAGR from 2024-2032 due to growing dependence on online shopping, leading to raising demands for quick delivery.

North America industry for autonomous last mile delivery robots held over 30% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the need for efficient logistics, urbanization, and growing e-commerce in the region.

Starship Technologies, Nuro, Yandex.Delivery, Alpha Asimov Robotics Company Limited, Kiwibot, Ottonomy Inc., and Refraction AI, are some of the major autonomous last mile delivery robots companies worldwide.

Autonomous Last Mile Delivery Robots Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 515
  • Countries covered: 19
  • Pages: 200
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