Worldwide robotic last-mile delivery revenues are forecasted to grow from US$70 million in 2022 to US$670 million in 2030, according to new research from global technology intelligence firm ABI Research.
In a brief, ABI said the value of those parcels delivered by Autonomous Mobile Robots (AMRs) could also reach US$3.3 billion by 2030.
It noted that this growth is guiding competition, partnerships, and investments, which address continued labour shortages and high fuel charges as lack of profitability and decreasing time to deliver are among the top concerns for retailers, restaurants, and last-mile delivery service providers globally.
"As inflation and vehicle costs rise exponentially, these businesses are struggling to raise prices on wary consumers and businesses, while needing to protect margins," said Adhish Luitel, senior analyst, Supply Chain Management & Logistics at ABI Research.
Key initiatives include reducing labour, vehicle maintenance costs, and fuel requirements while scaling to meet demand and customer expectations.
Use of automation to continue
"The use of automation will continue to grow as governments increase regulatory approvals, more companies scale revenue-producing operations, and both consumers and businesses find value in low touch, quick delivery of their items," Luitel said.
ABI noted that as these autonomous vehicles grow from university campuses to the suburbs and city streets, companies will be able to judge not only their financials but also the response from the larger communities as they adjust to sharing their sidewalks, streets, and crosswalks with these efficient machines.
