According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global outdoor delivery robot market valued at a market size of USD 4.071 Million in 2020 and is expected to reach USD 105.079 Million by 2027. The outdoor delivery robot market is anticipated to grow at a CAGR of 17.3% over the forecast period.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=ARS125
The landscape of robotics technology is evolving rapidly, across many industries for various applications. Outdoor delivery robot is a substitute for a delivery person. The robot is powered by an electric battery, and moves at a moderate pace. It uses a camera as well as sensors to plan an effective route, autonomous navigation, and smart obstacle avoidance technologies. These robots offer various advantages over the traditional method of delivery including, cost efficiency, faster services to the customers, accuracy of delivery, and safety & support to delivery person. Also, Covid-19 posed a big challenge to hospitality industry. Lockdown across the globe has resulted in slowdown of all activities. Restaurants and food chain companies are facing major challenge to sustain in the current scenario. Outdoor delivery market presents an enormous opportunity to deliver food at home without any personal contact. This is one of the most important factors driving the demand for outdoor delivery robots in hospitality industry.
Significant number of investments are being made by the market players to provide additional features to the outdoor delivery robots in order to serve their client’s requitements in a better way.
Growth Influencers
Covid-19 is one of the most important factors fueling the market demand
One of the most important factors fuelling the growth of delivery robot market is growth number of Covid-19 cases across the globe. The growing cases of corona virus has resulted in shortage of manpower. This has resulted in increased demand for technologies which can help in safe delivery to the customers. Increasing use of technologies such as digitization, artificial intelligence, GPS technologies have made it possible for the companies to ensure fast, secure, and cost-effective delivery of products to the clients.
Reduction in labor cost is expected to drive the demand for outdoor delivery robots
The usage of outdoor delivery robot is expected to reduce the overall cost of labour to a great extent. These robots can substitute a delivery person and can carry a payload of more than 100 kgs in one go.
Legal considerations related to traffic and road safety is anticipated to create a hindrance in the market growth
The developers of delivery robots are required to consider the laws, related to usage of robots in public traffic. Robots can result in traffic accidents and also hurt the pedestrians. The outdoor delivery robots are also attracting criticisms, as robots would compete with pedestrians and wheelchairs for space. The manufacturers are investing huge funds into R&D activities in order to make sure, the safety of robot usage in public space and traffic.
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=ARS125
Segments Overview
The global outdoor delivery robot market is segmented into component, robot type, operations, payload, application, and industry.
By Component
• Hardware
o GPS
o Cameras
o Radars
o Ultrasonic/LiDAR Sensors
o Control Systems
o Chassis and Motors
o Batteries
o Others (Wires, Drive Wheels, and Relays)
• Software
o Robotic Operating System
o Cyber Security Solutions
• Services
o Integration, Maintenance & Support
o Consulting and Training
The hardware segment accounted for the major share of the outdoor delivery robot market. It is estimated to cross a market size of USD 74 Million by the year 2027.
By Robot Type
• 2 & 3 Wheel
• 4 Wheel
• 6 Wheel
Based on robot type, 4-wheel segment captured the largest market share of more than 45% of outdoor delivery robot market. The segment is expected to continue this dominance during the forecast period.
By Operations
• Autonomous
• Remote Operated
The autonomous segment is anticipated to grow at a highest rate, at a CAGR of 18.0% during the forecast period.
By Payload
• < 0.5 Kgs
• 0.5 – 2 kgs
• 2-10 Kgs
• 10-50 Kgs
• 50-100 kgs
• >100 kgs
To Get More Business Strategies For Request Sample Report:- https://reportocean.com/industry-verticals/sample-request?report_id=ARS125
Based on payload, 10-50 kgs segment is estimated to capture the largest market share in 2020. Whereas <0.5 kgs segment is expected to grow at a highest rate of 27.1%, during the forecast period.
By Application
• Food Delivery
• Cargo Delivery
• Medical Delivery
• Postal Delivery
• Emergency Response
Food delivery segment is estimated to capture the largest market share of application segment in 2020, and is expected to continue this dominance during the forecast period.
By Industry
• Retail
• E-commerce
• Hospitality
• Healthcare
• Logistics
• Postal Services
• Others
Retail industry is estimated to capture the largest share of in 2020. Whereas healthcare segment is expected to grow at a highest CAGR of 16.4% during the forecast period.
Regional Overview
On the regional basis, the global outdoor delivery robot market is segmented into Americas, Europe, Asia Pacific, South America, Middle East and Africa.
America is dominating the global outdoor delivery robot market, with the largest share of around 57% in 2020. The region is expected to continue its dominance during the forecast period. Presence of large number of technology providers in the region is one of the most important factors, attribute to this dominance. Whereas, Middle East is expected to be the fastest growing region, during the forecast period.
Competitive Landscape
Prominent players functioning in the market include, Amazon Scout, Alibaba DAMO, ANYbotics AG (ANYmal), BoxBot (Toyota), CATRobotics (Marble+Caterpillar), Cleveron, DHL International GmbH (POSTBot), Dispatch AI (WelcomeAI), Domino’s Robotic Unit, Eliport, FedEx bot, Ford Motor Corp, JD Logistics (JD.com, Inc.), KiwiBot, Locus Robotics, Meituan Dianping, Neolix, Nuro, Postmates Inc (Serve) Uber, Rakuten Inc., Refraction AI, Robby Technologies Inc., Robomart, Segway Robotics, Starship Technologies, TeleRetail, TinyMile, TwinsWheel, Woowa Brothers Corp, Zhen Robotics (Robopony), ZMP Inc. (Patoro) among others.
Key market players are actively engaged in strategic partnerships to strengthen their market position. The monopolistic nature of the market is owing to presence of few companies with their delivery robots at commercial stage
The global outdoor delivery robot market report offers insights on the below pointers:
• Market Penetration: The research report provides comprehensive data on the market offered by the prominent players
• Market Development: The report offers detailed analysis about emerging markets and examines penetration across mature segments of the markets
• Market Diversification: The research report offers comprehensive information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches, collaborations in the market have been provided in this research report. In addition, the report also includes a SWOT analysis of the leading market players.
The global outdoor delivery robot market report answers questions such as:
• What is the market size and forecast of the global outdoor delivery robot market?
• What are the inhibiting factors and impact of COVID-19 on the global outdoor delivery robot market during the assessment period?
• Which are the products/segments/applications to invest in over the assessment period in the global outdoor delivery robot market?
• What are the technology trends in the global outdoor delivery robot market?
• What strategies are considered favourable for entering the global outdoor delivery robot market?
Request Full Report- https://reportocean.com/industry-verticals/sample-request?report_id=ARS125
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com