Indoor Delivery Robots Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

The Global Indoor Delivery Robots Market is anticipated to witness a major jump in its revenue from US$ 16.63 Mn in 2021 to US$ 253.76 Mn by 2030. The market is registering a CAGR of 24% over the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 22.5% over the projection period. An indoor delivery robot is an autonomous robot that provides delivery services. It is a substitute for a delivery person. Indoor delivery robots offer various advantages over the traditional method of delivery including cost efficiency, faster services to the customers, and accuracy of delivery, among others. Food delivery, parcel delivery, medical delivery, postal delivery, and search & rescue are the various applications of indoor delivery robots. 

The market is majorly driven by factors such as advancements in technologies such as AI and machine learning, increasing labor costs, and increasing adoption of robots for domestic purposes (assisting in retail shops, delivering room service, and others). Rising digitalization, automation, and robotics with the use of AI, cloud technology, and big data analytics in the delivery processes with the integration of Industry 4.0 are fostering the growth of the indoor delivery robots market. Furthermore, indoor delivery robots are increasingly being adopted for new applications due to various advantages such as increased efficacy, streamlined processes, and greater security of products being delivered. The key advantage of using delivery robots is a reduction in the cost of operation and a high return on investment. Moreover, as the labor cost is increasing across the globe, indoor delivery robots are a significant alternative to humans. In addition, robots are significant to perform dangerous and arduous tasks. Also, the increasing adoption of robots for domestic purposes is further propelling the market growth. In 2014, a room service robot named Relay was introduced by a robotics startup company, Savioke. When hotel staff received an order from a guest, the staff would put items inside Relay and the robot would deliver items to the guest room. Further, shifting customer preferences towards automated delivery are presenting a lucrative opportunity for market expansion over the forecast period. However, the high cost of indoor delivery robots may hinder the market growth over the projection period. 

Key Insights of the Report: 

• The latest study published by Astute Analytica analyzes the Global Indoor Delivery Robot Market for the study period of 2017-2030; where the historical years are 2017-2020, the base year is 2021, and the forecast period is 2022-2030.
• The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.
• The research study is a compilation of nine chapters distributed across 463 pages with 85 lists of tables and 185 lists of figures.
• The various segmentations considered to analyze the market are based on component, robot type, operation, payload, application, industry, and region.
• The market estimates are presented in terms of value (US$ Mn) and volume (Million Units).
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE analysis and Porter’s five force models.
• A detailed value chain analysis of the industry was conducted. It includes raw material providers, indoor delivery robot manufacturers, distributors, and end-users.
• The Competitive dashboard section includes analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.

Key Takeaways from the Global Indoor Delivery Robot Market Report:

• Based on components, the hardware segment holds the highest market share in 2021 and registers the highest CAGR over the projection period 2022-2030. Further, the control systems hold the highest market share under the hardware segment in 2021.
• In terms of robot type, the four-wheel segment has the highest market share in 2021. The growth of this segment is attributed to its contribution to designing sleek robots that fit in narrow spaces of buildings, elevators, restaurants, and others.
• Based on payload, the 10-50 Kg capacity holds the highest market share in 2021. The 10-50 kg category in the indoor delivery robot market is highly used for carrying dishes, food, laundry, and postal and medical supplies.
• In terms of application, the food delivery segment holds the highest share in the indoor delivery robots market in 2021. Covid-19 triggered the deployment of food delivery robots when social distancing and human interface became difficult and avoidable.
• Based on the end-use industry, the commercial segment holds the highest market share in 2021. Further, hotels & restaurants held the highest market share under the commercial industries segment in 2021.
• Americas are the highest shareholder region in the Global Indoor Delivery Robots Market in 2021. The growth of the market in the region is attributed to the presence of a large number of technology providers. Further, the Asia Pacific region registers the highest CAGR over the projection period.

Competitive Landscape

The key players in the Global Indoor Delivery Robots Market are Keenon Robotics Co., Ltd., Pudu Technology Inc., Rice Robotics Ltd., Segway Robotics Inc., and Suzhou Pangolin Robot Corp., Ltd., and 7-Eleven, among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on an emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview

The following are the different segments of the Global Indoor Delivery Robots Market:

By Component segment of the Global Indoor Delivery Robots Market is sub-segmented into:

• Hardware
  • GPS
  • Cameras
  • Radars
  • Ultrasonic/LiDAR Sensors
  • Control Systems
  • Chassis and Motors
  • Batteries
  • Others (Wires, Drive Wheels, and Relays)
• Software
  • Robotic Operating System
  • Cyber Security Solutions
• Services
  • Integration, Maintenance & Support
  • Consulting and Training

By Robot Type segment of the Global Indoor Delivery Robots Market is sub-segmented into:

• 2 Wheel
• 3 Wheel
• 4 Wheel

By Operations segment of the Global Indoor Delivery Robots Market is sub-segmented into:

• Autonomous
• Remote Operated

By Payload segment of the Global Indoor Delivery Robots Market is sub-segmented into:

• < 0.5 Kgs
• 0.5 – 2 kgs
• 2-10 Kgs
• 10-50 Kgs
• > 50 Kgs

By Application segment of the Global Indoor Delivery Robots Market is sub-segmented into:

• Food Delivery
• Parcel Delivery
• Medical Delivery
• Postal Delivery
• Search & Rescue

By Industry segment of the Global Indoor Delivery Robots Market is sub-segmented into:

• Residential
• Commercial
  • E-commerce
  • Hotels & Restaurants
  • Healthcare
  • Others

By Region segment of the Global Indoor Delivery Robots Market is sub-segmented into: 

• Americas
• Europe
• Asia Pacific