Robotics

Delivery robot market to surpass $29.8B by 2031

The delivery robot market is set to surpass $29.8 billion by 2031, according to a report from SkyQuest, an IP-focused research and investment bank and Accelerator of technology and assets.

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May 20, 2024

The delivery robot market is set to surpass $29.8 billion by 2031, according to a report from SkyQuest, an IP-focused research and investment bank and Accelerator of technology and assets.

The sector will experience a CAGR of 25% during this period, SkyQuest said in a press release on the report's findings.

Highlights of the report findings include:

• Growth will be driven by robots that can carry 11kg-to-50-kg (24.25-pounds to 110.23 pounds), a category most commonly used in warehouses, logistics centers, and e-commerce settings.
• The semi-autonomous robots category will see major growth, in part thanks to increased safety.
• North America will see the greatest industry growth.
• Prominent robotics firms in the sector include:
  • Robby Technologies (U.S.-based).
  • Starship Technologies (U.S.-based).
  • Dispatch (U.S.-based).
  • Nuro (U.S.-based).
  • Amazon Robotics (U.S.-based).
  • Robomart (U.S.-based).
  • Eliport (Spain-based).
  • Panasonic (Japan-based).
  • Nuro (U.S.-based).
  • Marble (U.S.-based).
  • Piaggio Fast Forward (U.S.-based).
  • BoxBot (U.S.-based).