According to the research report titled ‘Global Delivery Robot Market Size study, by Load Carrying Capacity (Up to 10 Kg, 0.01?50.00 Kg, More Than 50 Kg) by Component (Hardware, Software) by Number of Wheels (3 wheels, 4 wheels, 6 wheels) by Speed limit (Upto 3 kph, 3 kph to 6 kph, Higher than 6 kph) by Industry (Retail, Food & Beverages, Healthcare, Postal, Others) and Regional Forecasts 2020-2027’ available with Market Study Report, global delivery robot market was worth around 14.18 billion in the year 2019 and is projected to exhibit a robust CAGR of 18.2% over 2020-2027.
 

Industry experts claim that growing demand for automated and flexible robots along with high return on investments and affordability associated with delivery robots are key factors driving the growth of the market. Moreover, high inclination towards online shopping has augmented the demand for delivery systems, which in turn is stimulating the overall market outlook.
 

For those unaware, a delivery robot is an autonomous robot designed to deliver goods over a short distance. The capacity of these robots to lift heavy weights along with surging demand for last mile delivery solutions are allowing delivery robots to gain worldwide recognition, which in turn is propelling the expansion of the market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2764825/
 

In fact, U.S.-based MIT had developed a last mile delivery robot with integrated navigation systems in 2019. However, strict rules and regulations pertaining to the use of delivery robots may inhibit the expansion of global delivery robot market.
 

Based on load carrying capacity, global delivery robot market is segmented into more than 50 Kg, 10-50 Kg, and up to 10 Kg. With regards to component, the industry is split into software and hardware.
 

Elaborating on the number of wheels, global delivery robot market is fragmented into 6 wheels, 4 wheels, and 3 wheels. Based on speed limit, the market comprises of higher than 6 Kph, 3 Kph to 6 Kph, and up to 3 Kph.
 

Delivery robots are utilized across several industry verticals including postal, healthcare, food & beverages, retail, and other.
 

Regionally, North America accounts for a majority of the market share and is expected to record similar growth in the ensuing years, primarily due to increasing preferences towards last mile delivery systems and increasing adoption of technology.
 

Alternatively, Asia-Pacific region is also expected to significantly contribute to the expansion of global delivery robot market over 2020-2027, owing to escalating adoption rates of online delivery systems and increasing disposable income.
 

The key participants of worldwide delivery robot market include Eliport, Robomart, Robby Technologies Inc., Amazon Robotics, Boston Dynamics, Nuro, Savioke Inc., Panasonic System Solutions Asia Pacific, JD.com Inc., and Starship Technologies among others.