Global delivery robots to grow to $34b by 2024

The delivery robots market is expected to grow from $11.9 billion in 2018 to $34 billion by 2024, at a CAGR of 19.15 percent during the forecast period, according to the Delivery Robots Market by Load Carrying Capacity, Component, Number of Wheels, End-User Industry, and Geography - Global Forecast 2024 by ResearchAndMarkets.com.

There are numerous giant online retailers in the global market, along with the emerging ones. Even some giant offline retailers are going online because people all over the world have started preferring online shopping owing to the huge discount and smooth delivery at their doorstep. The introduction of autonomous delivery robots in e-commerce will not only give customers greater convenience at a lower cost but also significantly alter the competitive landscape. Hence, the reduction in costs of last-mile deliveries is one of the key factors driving the market growth. However, stringent regulations pertaining to operations of delivery robots