The Delivery Robots Market is projected to grow from USD 0.4 Billion in 2023 to USD 1.8 Billion by 2028; it is expected to grow at a CAGR of 33.7% during the forecast period. Reduction in delivery costs of last-mile deliveries and increase in venture funding are factors expected to boost the growth of the Delivery Robots market in the next five years. However, stringent regulations pertaining to the operation of delivery robots and a limited range of operations of ground delivery robots are projected to be the key challenges and restraining factors for the industry players.
Key players operating in the market include Starship Technologies (US), JD.com, Inc. (China), Panasonic Holdings Corporation (Japan), Relay Robotics, Inc. (US), and Nuro, Inc. (US), among others. The Delivery Robots market is highly competitive with several global market players. Product launches and developments, acquisitions, collaborations, and expansions were among the major strategies adopted by these players to compete in the market.
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Starship Technologies develops self-driving robotic vehicles to hand over local parcels or groceries directly from stores or hubs to customers. The companys delivery robots can travel at approximately 4 mph and are integrated with 12 cameras and sensors to navigate around objects easily. The companys business model also includes the Starship Food Delivery app, which offers delivery from merchants through its autonomous delivery robots. The company also offers delivery-as-a-service solutions to retailers and restaurants to offer robot deliveries to customers. Starship Technologies is one of the prominent leaders in the autonomous delivery industry and has completed over 4 million autonomous deliveries to date. Starship Technologies has a widespread customer base owing to the adoption of delivery robots in universities and supermarkets. This customer base is expected to expand significantly in the future. The company offers services in the food and beverage industry. Starship Technologies is expanding its geographical presence across the world. The increasing rate of package thefts faced by the urban population in the US can be eliminated with the help of delivery robots as they can be unlocked only through the mobile application of customers to access the lid.
JD.com, Inc. offers a wide range of products online, such as electronics, home appliances, and other merchandise categories. JD.com, Inc. focuses on developing and maintaining technology platforms related to data science, artificial intelligence (AI), virtual and augmented reality, automation, robotics, and autonomous vehicle systems. In June 2018, JD.com initiated robotic deliveries in Beijing with the largest vehicle to carry 30 parcels simultaneously. These driverless vehicles operate at a top speed of 15 kilometers per hour and avoid any barriers on roads and adhere to traffic rules/signs. JD.com, Inc.s distribution channels are in Asia Pacific and the US. JD.com Inc. benefits from the growing retail market in China. The company has been involved in various strategic alliances, acquisitions, and collaborations to further grow in the market for delivery robots. For instance, in August 2020, JD.com acquired a China-based express transport company, Kuayue Express Group. As a result of this acquisition, JD Logistics, the logistics arm of JD.com, is expected to work with Kuayue Express, a firm regarded as a front-runner in the limited-time express service, which is integral to the idea of same- and next-day delivery of JD.com.
Delivery Robots Market by Offering (Hardware, Software), Load Carrying Capacity, Number of Wheels (3 wheels, 4 wheels, 6 wheels), Speed Limit, End-user Industry (Food & Beverage, Retail, Healthcare, Postal) and Region - Global Forecast to 2028
See Also: Household Robots Companies
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