The Delivery Robots Market by Offering (Hardware, Software), Load Carrying Capacity, Number of Wheels (3 wheels, 4 wheels, 6 wheels), Speed Limit, End-user Industry (Food & Beverage, Retail, Healthcare, Postal) and Region - Global Forecast to 2028," the market for delivery robots is expected to grow significantly over the coming years. The market is anticipated to develop at an excellent compound annual growth rate (CAGR) of 33.7% from a value of USD 0.4 billion in 2023 to a predicted USD 1.8 billion by 2028. The increased demand for effective and automated delivery solutions across a variety of industries is to blame for this huge spike. The study provides useful insights into the rapidly expanding market for delivery robots by classifying the industry based on offers, load carrying capacity, number of wheels, speed limits, and end-user industries.

The market for delivery robots is expanding primarily due to an increase in venture capital funding and a significant drop in the price of last-mile deliveries. There is a rising need for effective and affordable last-mile delivery options as global e-commerce keeps expanding exponentially. Delivery robots are becoming more popular as a viable solution due to their potential to simplify and optimise the final stage of the delivery process. The market for delivery robots is experiencing development potential as a result of the rising demand in the e-commerce sector. This interplay between cutting-edge e-commerce trends and upcoming technology like delivery robots is anticipated to have a big impact on industry growth in the near future.

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Load Bearing Capacity (>50 Kg) Robots to account for a larger market share in 2023

Robots that can carry more than 50 kg of weight are projected to have a bigger market share in 2023. These large-capacity robots are mostly used to deliver heavy products like groceries and bulky packages that online clients have bought. These robots held around 26% of the market share in volume terms in 2022. Leading businesses like JD.com and Nuro have created autonomous delivery trucks that have large load carrying capacities, making last-mile deliveries effective. For instance, the JDX from JD.com and the R1 from Nuro can each carry up to 125 kg and 300 kg of weight, respectively. It's crucial to remember that these robots must adhere to a more extensive set of rules than their counterparts with smaller carrying capacity. Since these robots use streets rather than pavements to operate, efficient traffic management and adherence to particular regulations are crucial for their safe and efficient deployment.

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Hardware to hold a majority of the market share during the forecast period

The market for delivery robots is anticipated to continue to be dominated by the hardware sector over the period of forecasting. In 2022, hardware accounted for a sizable market share of around 70%. This supremacy is largely related to the expensive components, including LiDAR sensors and radars, that are necessary for the creation and development of these robots. LiDAR sensors are essential because they give the robot high-resolution, three-dimensional data about its surroundings, which helps with precise location and navigation. These sensors are able to not only locate and detect persons and things, but also estimate their speed and trajectory of movement. The autonomous delivery vehicle's onboard computer system can decide the safest and most effective path using this data. The delivery robot can drive and manoeuvre successfully, recognising road signs, avoiding obstructions, and responding to changes in lanes or terrain thanks to LiDAR sensors' ability to provide a thorough 360° view, further solidifying the hardware segment's dominance in the market.

Retail segment to grow at the highest CAGR during the forecast period

During the anticipated period, the delivery robots market is anticipated to expand at the highest compound annual growth rate (CAGR) in the retail sector. The growing use of delivery robots in the retail sector, particularly for e-commerce applications, is the main driver of this increase. The use of delivery robots has dramatically increased in last-mile delivery, a vital and expensive stage of the supply chain. The e-commerce sector is expected to grow by 8–12% annually, which further supports the potential role of last-mile delivery robots in addressing industry expectations. The forecast that by 2030, there will be approximately 300 billion parcel deliveries every year highlights the enormous market potential for last-mile delivery applications, where delivery robots are expected to play a key role. It's a worldwide phenomena that grocery delivery to customers' doorsteps is evolving, and a number of businesses are using delivery robots to speed up the process and guarantee the delivery of high-quality goods at reasonable costs. Famous companies like Nuro in the US are using self-driving cars to securely deliver groceries and other commodities from stores to customers, demonstrating the industry-changing potential of delivery robots.

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Market in Asia Pacific to hold significant growth opportunities during the forecast period

The market for delivery robots is expected to reach a value of about USD 430.4 million by 2028, with the greatest compound annual growth rate (CAGR) of 36.7% over the forecast period. The Asia Pacific region offers considerable potential opportunities in this industry. Robotic delivery systems are now being tested and integrated in nations like Australia and Japan. With automated delivery robots being allowed to operate on public highways beginning in April 2023 thanks to updated road traffic legislation, Japan has made noteworthy advancements. In certain residential and commercial areas of Japan, trials for robot deliveries of food and essentials have already begun. The Asia Pacific area is positioned as a hub for the continuing development and deployment of delivery robots, which is driving the market expansion in that region. Delivery robots have the ability to improve delivery services by offering high efficiency and cost-effectiveness.

Major vendors in the Delivery Robots market include Starship Technologies (US), JD.com, Inc. (China), Panasonic Holdings Corporation (Japan), Relay Robotics, Inc. (US), and Nuro, Inc. (US)—accounting for about 35–45% market share. Starship Technologies (US), JD.com, Inc. (China), among others.

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