Autonomous Last Mile Delivery Robots Market Analysis

Autonomous Last Mile Delivery Robots Market Analysis

Based on offerings, the market is divided into hardware, software, and services. The hardware segment dominated the global market with a share of over 35% in 2023.
 

• Constant improvements in hardware technologies, such as batteries, actuators, cameras & sensors, improve the functionality and productivity of last-mile robots. Better hardware enables robots to perform a wider range of activities, negotiate challenging settings, and stay in operation for extended periods, all of which support the market's expansion.
   
• Hardware advancements allow last-mile robots to transport heavier loads, increasing their adaptability and capacity to handle a wider variety of products & parcels. The need for robots with larger payload capacities rises with the expansion of e-commerce & delivery services, propelling the growth of hardware in this industry.
   

Based on end-use industry, the market is divided into e-commerce & retail, food & beverages, pharmaceuticals & healthcare, and others. The e-commerce & retail segment is expected to register a CAGR of over 28% during the forecast period.
 

• The growing dependence on online shopping has raised demands for quick delivery. Advanced automation-equipped last-mile robots offer a way to satisfy this need. Their capacity to maneuver through traffic with efficiency and provide contactless deliveries corresponds with consumers' need for quick, dependable & easy services in the changing retail environment.
   
• The problems associated with traffic and urban congestion also affect last-mile delivery. Robots move through busy spaces quickly and without causing traffic-related delays. This solves a major problem in the last-mile logistics of retail and e-commerce operations by enabling faster & more dependable deliveries.
   

North America dominated the global autonomous last mile delivery robots market in 2023, accounting for a share of over 30%. The need for efficient logistics, urbanization, and growing e-commerce are driving growth in the North America market. Last-mile delivery options that are both affordable and quick are becoming important as customers continue to rely more on online purchasing. North America is well-positioned to embrace and spearhead the expansion of last-mile delivery robot applications; hence, promoting market growth in the area due to its well-established technological infrastructure and proactive approach toward automation.