The Delivery Robots 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.
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Major players in the delivery robots market include 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). These players have adopted various growth strategies, such as expansions, partnerships, agreements, and collaborations to achieve growth in the Delivery Robots Market from January 2017 to December 2020, which helped them to strengthen their product portfolio and broaden their customer base.
Starship Technologies offers self-driving delivery robots that improve the local distribution of goods and groceries. The company’s vision of zero cost, zero waiting time, and the least adverse impact on the environment have redefined the local delivery chain. The company believes that robots can complete local deliveries within 5–30 minutes from a local hub or retail outlet and with 10–15 times less than the cost of current last-mile delivery alternatives. Robots are overseen by human operators, along with their property to drive autonomously, to ensure safety. The robots developed by the company have covered more than 100,000 miles in more than 100 cities of 20 countries in the world, encountering 15 million people along the way. In June 2018, the company raised the seed capital of USD 25 million, which is likely to be invested in deploying more number of robots in neighborhoods, as well as corporate and university campuses in the US and Europe.
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JD.com is one of the two big B2C online retailers in China and is a member of the Fortune Global 500. The company has a streamlined supply chain incorporated with technologies such as machine learning, natural language processing and related computational approaches. JD.com has around 84,790 employees in its delivery function. The introduction of self-driving robots to carry out delivery can significantly remove the labor expense, thereby enhancing the revenue and limiting the loss.
Nuro (US) has been ranked third in the delivery robot market. The company provides delivery robots for various industries, such as food & beverages, E-commerce, and Healthcare. The company has been involved in various partnerships in various industries. For example, In May 2020, Nuro partnered with CVS Pharmacy to start delivering prescriptions through driverless vehicles.
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