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Delivery Robot Market size was valued at more than USD 500 million in 2022 and is predicted to record over 25% CAGR from 2023 to 2032. Advancements in robotics and the entry of new players are expected to influence industry growth over the coming years.
The healthcare sector is steadily deploying delivery robots in its operations. Compared to regular deliveries, autonomous delivery robots used in healthcare applications offer several features, such as low-noise motors, hygienic conditions, and smoother navigation. Previously, robots were used in a few healthcare facilities to treat children. They facilitate the swift acquisition of the supplies required by medical staff. Robotics manufacturer such as Aethon offers robots for use in medical settings. These robots are used to quickly acquire and distribute medical supplies as well as assist healthcare facilities by delivering a variety of logistical items and lab samples to necessary locations.
Report Attribute | Details |
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Base Year: | 2022 |
Delivery Robot Market Size in 2022: | USD 500 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 25% |
2032 Value Projection: | USD 6 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 248 |
Tables, Charts & Figures: | 246 |
Segments covered: | Solution, Number of Wheels, End-Use and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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New businesses in the industry are facing major obstacles in entering the market due to the rising need for a robust production infrastructure and high working capital. Companies need a large facility to perform product development and testing, which demands hefty initial investments in infrastructure. To improve productivity and shorten production times, organizations must implement autonomous technology like warehousing robots, artificial intelligence, and machine learning. These technologies help the business maintain its sustainability and competitiveness but also raise the initial setup expenses.
Delivery robot market share from the hardware segment is expected to witness more than 20% CAGR from 2023 to 2032. With the rising requirement for dependable hardware components and the desire for delivery robots, the hardware segment is anticipated to expand significantly over the forecast period. Given that they enable delivery robots to choose routes with fewer obstacles and avoid collisions, cameras, and sensors have developed into important hardware components for delivery robots.
Companies that distribute meals are developing strategic alliances to use robots with up-to-date cameras to deliver food. For instance, in December 2022, Uber collaborated with the robotics company Cartken to use their robots in food delivery. The robots have a variety of sensors and cameras that enable them to alter their course and prevent collisions.
Delivery robot industry share from the 2-wheel robots segment reached over USD 100 million in 2022. The two-wheeled delivery robot demand is expanding quickly because of its multiple features. Owing to their huge storage capacities of 100 liters (26.4 Gal) and 20 LB load restrictions, these robots can travel at speeds of up to 50 miles per hour. To identify impediments and plan deliveries, the industry players use AI technology and radar sensors in their delivery robots.
Delivery robot market share from the food and beverage segment is anticipated to cross USD 2.5 billion by 2032. The leading companies in the food delivery sector are collaborating with autonomous robot manufacturers to deploy robots for quick and effective order delivery. Robots also help reduce the labor issues like unavailability and unskilled labor. For example, in October 2022, Grubhub and Starship Technologies collaborated to offer robot delivery services on about 250 college campuses across the United States. The need for autonomous robots will increase due to their ability to deliver food in difficult-to-reach locations such as college campuses' dorms, libraries, and classrooms.
North America delivery robot market size is expected to reach over USD 2 billion by 2032 owing to the existence of various delivery robot firms, including Amazon, Boston Dynamics, Nuro, etc. The development of the market will be aided by improved street infrastructure and suitable footpath and sidewalk width, which will allow businesses to test their delivery robots more effectively. Startups in Canada are introducing self-driving robots that deliver food.
Technologies are some of the key players in the delivery robot market. To obtain a competitive edge, businesses in the global market are concentrating on acquisitions, joint ventures, and the launch of new robots. For instance, in March 2023, Suzuki Motor Corporation and LOMBY Inc. started working together to build autonomous delivery robots. Suzuki will be responsible for the base's development and design in this collaborative project. LOMBY will take care of the autonomous delivery robot's prototype and modification as well as the creation of a delivery system and demonstration testing.
The smart factory market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD and shipments in Units from 2018 to 2032 for the following segments:
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By Solution
By Number of Wheels
By End-Use
The above information has been provided for the following regions and countries: