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 main factors boosting the market for delivery robots are the decline in last-mile delivery costs and the rise in venture capital financing. The global e-commerce market's expansion is another element boosting the market for delivery robots.
During the projection period, it is anticipated that the 4-wheeled delivery robot category would account for the greatest market share.
In terms of value, the market for 4-wheeled delivery robots held the biggest market share in 2020. Companies provide four-wheeled robots to deliver a variety of items, including groceries, meal orders, flowers, packages, and boxes. With 4-wheeled robots, a smaller gap between the front and rear sets of wheels will enable greater zero-radius turning in any desired direction. Consequently, delivery robots with four wheels held the majority of the market.
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In 2021, the market for delivery robots is expected to be dominated by the retail sector.
The market for delivery robots was dominated in 2021 by the retail sector. Online buying is encouraged by the rise in internet usage. In the coming years, it is anticipated that the steadily growing trend of online shopping would increase demand for delivery robots for use in e-commerce applications in the retail sector. These robots would also be used for freight deliveries after the norms and regulations for operating delivery robots are set globally, which is another major aspect that is likely to fuel the market's expansion.
During the projected period, North America is anticipated to account for the biggest market share.
Numerous delivery robot manufacturers, including Robby Technologies (US) and BoxBot, are based throughout North America (US). Companies can test and run delivery robots in this area because to sophisticated and sufficient street infrastructure, such as good design and adequate sidewalk and footpath width.
The leading companies in the industry are Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke, Nuro, Amazon Robotics, Robby Technologies, Boston Dynamics, Robomart, and Eliport.
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