The Delivery Robots Market is anticipated to increase from USD 212 million in 2021 to USD 957 million by 2026, growing at a CAGR of 35.1% from 2021 to 2026. The market for delivery robots is expanding as a result of lower last-mile delivery costs and an increase in venture capital funding. The global e-commerce market's expansion is another element boosting the market for delivery robots.
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 are significant market participants for delivery robots (Spain). To achieve growth in the Delivery Robots Market from January 2017 to December 2020, these players have adopted a variety of growth strategies, including expansions, partnerships, agreements, and collaborations. This has helped them to strengthen their product portfolio and increase the size of their customer base.
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Self-driving delivery robots are available from Starship Technologies, which enhances local distribution of goods and food. The local distribution chain has been revised in accordance with the company's aim of zero costs, zero waiting times, and the least possible environmental damage. Robots, according to the business, can make local deliveries in 5 to 30 minutes from a hub or retail location while costing 10 to 15 times less than alternative last-mile delivery options currently available. To ensure safety, robots are controlled by humans and have the ability to drive on their own. The company's robots have travelled more than 100,000 kilometres across more than 100 cities in 20 different nations, passing 15 million people. The business raised USD 25 million in seed money in June 2018, and it plans to utilise it to deploy more robots in US and European corporate and university campuses as well as neighbourhoods.
One of China's two major B2C internet retailers, JD.com, is a Fortune Global 500 company. The business uses technology like machine learning, natural language processing, and similar computational methods in its efficient supply chain. Around 84,790 people work for JD.com in the delivery department. By replacing labor-intensive delivery tasks with self-driving robots, income can be increased and loss can be kept to a minimum.
The US company Nuro is third in the market for delivery robots. For a variety of businesses, including food and beverage, e-commerce, and healthcare, the company offers delivery robots. The business has taken part in numerous partnerships across numerous industries. For instance, Nuro and CVS Pharmacy teamed in May 2020 to begin delivering medications using driverless cars.
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