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Delivery Robots Market
Delivery robots are the type of autonomous robots that are used to deliver the couriers and parcels ensuring time-efficient delivery. Manufacturers of delivery robots have started to integrate data analytics platforms such as predictive analysis, big data analysis in order to increase the efficiency of the robots. Delivery robots have three basic components LiDAR, Sensors, and Control Systems.
With the increasing demand for delivery robots, the reduction in the price of its components may also reduce the manufacturing and procurement costs associated with delivery robots, in turn creating significant growth opportunities in the global delivery robot market. Delivery robots that have high load capacity are mostly used to deliver groceries and heavy parcels and these type of delivery robots are expected to hold a prominent share in the global market.
The increasing penetration of e-commerce players and omnichannel retailers across the globe is one of a key factor that boosts the demand for autonomous delivery solutions for last-mile delivery which in turn affirmatively affects the growth of the global delivery robots market. Moreover, the existing e-commerce giant Alibaba, Amazon, and Walmart (Flipkart) are adopting delivery robots for fast and efficient delivery which creates significant growth opportunities for the delivery robots manufacturers.
The increasing awareness about the potential of delivery robots to provide delivery at reduced labor costs and high efficiency is another factor that is estimated to fuel the growth of the market over the assessment period. In the current market scenario, various pilot programs are made for solving the last-mile delivery problem with the help of autonomous delivery robots across various countries such as the U.S., Japan, China, Spain, Switzerland, among others.
This factor is projected to accelerate the growth of the delivery robots market throughout the forecast period. However, the relatively high cost of maintenance of delivery robots along with high initial procurement cost and requirement of the skilled technician for repairing are some of the restraint factors which are expected to hamper the growth of the delivery robots market.
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North America is expected to hold the dominant share in the global delivery robots market due to the high adoption rate of autonomous technologies across the region. Apart from this, North America also has numerous manufacturers that are working towards the growth of delivery robot technology in order to reduce the labor cost as well as to reduce the delivery time of the parcel or product.
Moreover, North America has been digitally advanced with a high adoption rate towards the promotion and marketing of delivery robots which is expected to boost the growth of the global market. Europe is expected to hold a significant share in the delivery robots market owing to the adoption of these robots in the e-commerce industry and hospitality industry across the region.
Asia Pacific is projected to grow with the relatively high growth rate over the forecast period due to increasing adoption of autonomous technologies in emerging countries such as China and India as well as high adoption of these technologies in developed country such as Japan. In 2018, one of the china based E-Commerce Company JD.com started using delivery robots for last-mile delivery in Beijing.
Examples of some of the market participants identified in the global Delivery Robots market are:
The Delivery Robots market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.