The delivery robots market projected to grow at a CAGR of 19.15%
JD.com, Inc. - American Depositary Shares (JD)
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Source: PR Newswire
NEW YORK, Feb. 4, 2019 /PRNewswire/ -- The delivery robots market projected to grow at a CAGR of 19.15% during 2018–2024The delivery robots market is expected to grow from USD 11.9 billion in 2018 to USD 34.0 billion by 2024, at a CAGR of 19.15% during the forecast period. 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 act as a key restraining factor for the market growth.Read the full report:
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