The market for delivery robots with higher than 6 kph speed to grow at the highest CAGR during the

According to the new market research report "Delivery Robots Market by Load Carrying Capacity (Up to 10, 10.01-50.00, and More than 50 kg), Component (LiDAR Sensors, Control Systems), Number of Wheels (3, 4, and 6), End-User Industry (Food & Beverages, Retail), and Geography - Global Forecast 2024", The delivery robots market is estimated to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. Autonomous delivery robots are mainly useful for food & beverages, retail, hospitality, and healthcare industries. Owing to this, the companies developing delivery robots have been getting funding from venture firms. Additional driver for the delivery robots market contains the reduction in last-mile delivery costs.

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The market for delivery robots with higher than 6 kph speed to grow at the highest CAGR during the forecast period

The speed limit has been the key factor for the manufacturer and the lawmaker as it proves to be vital for the safety of human commuters. Though, the low speed will affect the operational productivity, and it would result in the high price of delivery. The speed limit allowed for a pedestrian robot is generally up to 6 kph. Technologically advanced delivery robots have made it likely to deliver diverse kinds of items quickly and efficiently. This factor is anticipated to fuel the growth of the market for delivery robots with higher than 6 kph speed during the forecast period.

North America to hold a major share of the delivery robots market in 2018

Increasing demand for delivery robots in the retail industry and increasing labor charges for last-mile deliveries, drive the delivery robots market growth in North America. Owing to numerous research programs supported by the government of North American countries, North America is projected to hold the major share of the delivery robots market in 2018. It has invested millions of dollars in robotics research projects, utmost of which are defense-related projects. 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 good design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.

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), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US).

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