Delivery Robot Market size to reach $6bn by 2032

Delivery Robot Market Size is predicted to surpass USD 6 billion by 2032, according to a new research report by Global Market Insights Inc.
 

Increasing use of delivery robots in the retail sector will shape market growth. According to a recent survey, around 25% of retailers already utilize robotics solutions in their business. Technological & legal developments triggered the replacement of traditional delivery methods with robotic alternatives. Moreover, the COVID-19 pandemic motioned the demand for contactless deliveries. In the retail sector, the use of service and delivery robots for in-store sales is expanding rapidly. Companies in the market are collaborating with technology firms and other manufacturers to introduce robots that can be used in retail settings and are profitable.
 

Developments in robotic software for improved efficiency

Delivery robot market share from the software segment is expected to cross USD 1.5 billion by 2032. Robots can do the essential task by entering and processing data with the aid of software, which is like a set of rules for it to function properly. Companies are introducing delivery robots with advanced software systems. For instance, in October 2022, a Kochi-based startup, Rosversity, introduced NUE, a delivery robot. The company created a software suite to control and map the robots' memories. Fleet management software, which enables multi-robot navigation and management, is used to control the robot.
 

The use of compact 3-wheel robots across multiple verticals

In terms of the number of wheels, the delivery robot market share from the 3-wheel segment is predicted to record over 25% CAGR from 2023 to 2032. In the coming years, the 3-wheel robots are expected to expand owing to their multiple advantages. Improved mobility and the capacity to make quick turns make these robots highly preferable across various business verticals. These robots can precisely navigate spaces that a four- or six-wheeled autonomous robot cannot by rotating in place to change its direction of motion at a press of a button.
 

Browse key industry insights spread across 248 pages with 214 market data tables and 32 figures & charts from the report, “Delivery Robot Market - By Solution (Hardware, Software), By Number of wheels (2-wheel robots, 3-wheel robots, 4-wheel robots, 6-wheel robots), By End-Use (Food & Beverage, Retail, Healthcare, Postal Service) & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/delivery-robot-market 
 

Deployment of delivery robots in retail sector to drive market expansion

Based on end-use, the delivery robot market share from the retail segment is anticipated to reach more than USD 1 billion by 2032. In the retail sector, delivery robots are being employed to increase worker productivity, cut labor costs, and make last-mile deliveries. Retailers can increase productivity across the board, from store operations to logistics and supply chain management. It allows them to enhance consumer relations by using delivery robots that move quickly from warehouses to storefronts.
 

These robots are also preprogrammed to converse with clients, respond to their inquiries, and provide instructions. For instance, in April 2023, a convenience franchise store CU demonstrated an autonomous delivery robot by partnering with Mobinn, which is an in-house venture of the Hyundai Group. This robot uses the stairs and has the capacity to go up and down hills as well.
 

China using delivery robots in e-commerce and logistics verticals

Asia Pacific delivery robot market size is predicted to observe more than 30% CAGR from 2023 to 2032. The demand for delivery robots in the region will increase due to China's fast-expanding e-commerce economy and rising customer propensity for online shopping. The usage of delivery robots in business operations is a top priority for regional e-commerce and logistics firms. As of March 2022, the Alibaba Group's Xiaomanlv autonomous robots had delivered more than 10 million packages around China. More than 200 Chinese institutions have installed the company's robots, which are used to deliver packages sent via the Cainiao Post mailing system.
 

Competitive sphere of the global delivery robot market share

JD.com, Alibaba Group, Kiwibot, Nuro, Relay Robotics, ST Engineering, and Starship Technologies are the principal players in the delivery robot market. To obtain a competitive edge, businesses in the delivery robot industry are concentrating on joint ventures, acquisitions, and the introduction of new robots.