The delivery robots are being designed to provide a high-tech autonomous door-to-door delivery service to online shoppers all around the world.
The global robotics market is poised for a burgeoned growth and is anticipated to expand significantly till 2021. With the proliferation in the e-commerce industry, the global market of delivery robots is also expected to flourish over the forecast period. Geographically, the global delivery robots market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and rest of world.
Market Size and Forecast
North America is anticipated to be the largest delivery robots market across the globe over the forecast period. The market of delivery robots in North America is expected to get fuelled from easy availability of hardware and software devices in the country. The North America delivery robots market is further divided into the U.S. and Canada out of which, former is expected to account for the largest share of delivery robots in the region by 2021.
Europe is also forecasted to witness a strong growth in the delivery robots market owing to rising inclination of major robot manufacturers towards developing delivery robots in the region. Germany, Italy, France, Spain and U.K. are the major markets of Europe delivery robots market.
Asia-Pacific region is anticipated to witness the highest compound annual growth rate (CAGR) during the forecast period owing to preferring online shopping over brick & mortar or offline stores, rising industrialization, increased personal disposable income, better GDP figures and manufacturing projects in countries like India, China, Taiwan and South Korea.
The global delivery robot market can be segmented on the basis of hardware and software, by technology, by components and by applications.
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and challenges
Rising adoption of delivery robots by online retailers and healthcare sectors are some of the factors that are expected to drive the global delivery robots market over the forecast period.
In addition to this, growing industrialization and modernization in developing countries is believed to further augment the growth of global delivery robots market.
However, high investments and lack of awareness are some of the factors that are outlined to dampen the growth of global delivery robots market in future.
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