Delivery Robots Market worth $957 million by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, April 7, 2021 /PRNewswire/ -- According to the new market research report "Delivery Robots Market with COVID-19 Impact by Load Carrying Capacity (Up to 10 kg, More than 50 kg), Components, Number of Wheels, End-User Industry (Food & Beverages, Retail, Postal), and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the market is expected to grow from USD 212 million in 2021 to USD 957 million by 2026; it is expected to grow at a CAGR of 35.1% during 2021–2026. Reduction in delivery costs in last-mile deliveries, and Increase in venture funding are the key factors driving the growth of the delivery robots market. Further, Worldwide growth of e-commerce market are factors propelling the growth of the delivery robots market.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263997316
"4-wheeled delivery robot segment is estimated to register the largest market share during the forecast period"
The delivery robots market for 4-wheeled delivery robots accounted for the largest market share in terms of value in 2020. Companies offer four-wheeled robots for delivering groceries, food orders, flowers, packages, and boxes among other things. Reducing the distance between the front and rear set of wheels will result in better zero-radius turning in any desired direction with 4-wheeled robots. Hence, 4-wheeled delivery robots accounted for the largest market share.
"The market for the retail industry to hold the largest share of the delivery robots market in 2021."
The retail industry held the largest share of the delivery robots market in 2021. The increasing use of the internet provides an impetus to online shopping. The ever-increasing trend of online shopping is expected to escalate the demand for delivery robots for the e-commerce application in the retail industry in the next few years. Once the rules and regulations for operating delivery robots are defined worldwide, these robots would also be adopted for cargo deliveries, which is also an important factor that is likely to fuel the growth of the market.
Browse in-depth TOC on "Delivery Robots Market"
144 – Tables
49 – Figures
210 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=263997316
North America expected to hold the largest market share during the forecast period
North America has been home to many delivery robot manufacturing companies such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.
Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), and Eliport (Spain) are the key players in the market.
Related Reports:
Automated Guided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025
Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/delivery-robot-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/delivery-robot.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article