Delivery Robot Market - By Solution (Hardware, Software), By Number of wheels (2-wheel robots, 3-wheel robots, 4-wheel robots, 6-wheel robots), By End-Use (Food & Beverage, Retail, Healthcare, Postal Service) & Forecast, 2023 - 2032

Delivery Robot Market - By Solution (Hardware, Software), By Number of wheels (2-wheel robots, 3-wheel robots, 4-wheel robots, 6-wheel robots), By End-Use (Food & Beverage, Retail, Healthcare, Postal Service) & Forecast, 2023 - 2032Global Delivery Robot Market size is anticipated to expand significantly through 2032, owing to the growing use of delivery robots across college campuses. Many universities across the U.S. are increasingly using delivery robots to test their efficacy on college premises. In fact, the Ohio State University is one such institution that partnered with Cartken, a sidewalk delivery robot firm to test 50 fully automated delivery robots.

Citing another instance, in December 2022, Kiwibot, a last-mile delivery robot firm, inked a deal with Grubhub, a prominent food ordering marketplace, for the next-gen robot delivery in college premises. Escalating product innovations in the field are further positively influencing the industry landscape. For instance, in August 2022, Ottonomy, a prominent autonomous delivery robot manufacturer, announced the launch of the Ottobot 2.0, a second-generation delivery robot.

The overall delivery robot market is segmented based on component, number of wheels, end-use, and region.

Based on components, the delivery robot market size from the software segment is anticipated to attain sizeable gains through 2032. Increasing efforts by key robot manufacturers towards developing delivery robots with superior functionalities have increased the demand for software components. Moreover, many industry players, such as Starship Technologies, are also investing in testing programs for self-driving delivery robots, which is expected to boost segment growth.

3-wheel delivery robot industry size is slated to be worth over USD 500 million by 2032. High durability of these robots has increased their adoption for long-term use. These robots can move quickly in any direction, which helps optimize the delivery process. Additionally, they are highly efficient than their 2-wheel counterparts. The growing focus of key industry participants on launching state-of-the-art 3-wheel delivery robots will further positively contribute to segment expansion.

In terms of end-use, delivery robot market share from the retail segment is poised to grow considerably through 2032, owing to the growing focus of retail chains on enhancing last-mile delivery systems. Many retail giants such as Target and Walmart are investing in delivery robots to optimize their workflow efficiency. Delivery robots ensure a predictable delivery, which highly complements the retail space. They also allow faster last-mile delivery and enhance the productivity of retail stores by eliminating the manual errors associated with delivery.

On the regional front, Asia Pacific delivery robot industry value is expected to reach over USD 3 billion by 2032. Strong presence of industry players, such as the Alibaba Group, investing in product innovations, will contribute to the growth of the regional industry. Moreover, rapid urbanization in emerging economies such as China and Japan has increased the demand for delivery robots to cater to the growing demand in the e-commerce space.