Delivery Robots Market to Reach USD 50 Million by 2028 Growing at a CAGR of 16.5% During Review Period | Appreciate the reports

BANGALORE, India, August 5, 2022 /PRNewswire/ — Delivery Robots Market is segmented by Type (LiDAR Sensors, Control Systems), by Application (Food & Beverage, Retail): Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Appreciate the reports under the Heavy machinery Category.

The delivery robot market size is estimated at $20 million in 2022 and should have a readjusted size of $50 million by 2028 with a CAGR of 16.5% over the review period.

Key Factors Driving Delivery Robots Market Growth

Growing need to reduce the cost of last mile deliveries and increasing usage in the hospitality industry will fuel the growth of the market over the forecast period. Additionally, the expansion of the e-commerce industry will drive the growth of the delivery robots market.

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TRENDS INFLUENCING THE GROWTH OF THE DELIVERY ROBOT MARKET

Delivery robots bring many benefits to several industry verticals. The use cases are immense, from food delivery in restaurants to wayfinding in hotels, hospitals, nursing homes, and more. Automating time-consuming and repetitive tasks helps businesses overcome the challenges of labor shortages. This will drive the growth of the delivery robot market over the forecast period. Bots and automation are the ideal solutions for organizations to serve customers at maximum volume and operate at peak performance.

The onslaught of the covid 19 pandemic has given rise to the preference for contactless delivery systems. Robots add a layer of safety to food handling. Robotic delivery lowers operating costs and reduces congestion and pollution. It is easily traceable via smartphone apps. Their advanced features will enhance the growth of the global delivery robot market in the coming years. Delivery vehicles can get stuck in traffic while robots are able to navigate any area as they are equipped with 360 degree cameras which allow them to quickly scan and overcome all obstacles while delivering the food when still hot.

The expansion of the e-commerce industry and rapid digitization are fueling the shift to robots. Robotic technology improves the overall shopping experience for retail customers. They are able to capture more granular data about products on the shelves and consumer buying habits. This will drive the delivery robot market forward in the coming years. Simple tasks such as material handling, cleaning and inventory management reduce labor requirements and reduce operating expenses. Bots perform real-time tracking and information gathering allowing business owners to understand buying habits. Packages are delivered within hours.

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DELIVERY ROBOT MARKET SHARE ANALYSIS:

Based on applications, the food and beverage segment is expected to dominate the delivery robot market share as hotels and resorts rapidly expand their non-human staff. Bots have become an emerging technology trend due to the need to improve customer experience. Automation enables self-service and leads to improvements in speed, cost, and accuracy.

Based on the region, North America will witness significant growth owing to the presence of key players in the market, increasing use of robots across several end-user industry verticals, and advancements in technology.

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Key companies:

  • spacecraft technologies
  • Panasonic System Solutions
  • Savioke
  • Noro
  • Amazon Robotics
  • Robby Technologies
  • Boston Dynamics
  • Robot-Mart
  • Eliport

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SIMILAR REPORTS:

Automated Parcel Delivery Terminals Market the size is estimated at the value $1045.6 million in 2022 and should have a readjusted size of $1743.9 million by 2028 with a CAGR of 8.9% during the reporting period.

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– The Global express delivery market size was estimated at $262.86 billion in 2020 and is expected to reach $484.38 billion by 2030 registering a CAGR of 6.4% from 2021 to 2030.

– The Global IoT Fleet Management Market the size should reach 26410 million USD by 2027, $6955.7 million in 2020 at a compound annual growth rate (CAGR) of 21.0% over the period 2021-2027.

– The Global logistics market size is rated at $7641.20 billion in 2017 and should reach $12,975.64 billion by 2027 registering a CAGR of 6.5% from 2020 to 2027.

Parcel Delivery Smart Lockers Market was rated at $502 million in 2020 and is expected to reach $1022.8 million by the end of 2027, growing at a CAGR of 10.3% over the period 2021-2027.

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