Last-mile delivery revenues are forecasted to grow from $70 million in 2022 to US$670 million in 2030, according to new research from ABI Research.
Additionally, the value of those parcels delivered by Autonomous Mobile Robots (AMRs) could reach $3.3 billion by 2030.
This growth is guiding competition, partnerships, and investments, which address continued labor shortages and high fuel charges.
The pressure is on both time to deliver and profitability 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,” explains Adhish Luitel, senior analyst, Supply Chain Management & Logistics at ABI Research, said in a statement.
Key initiatives include reducing labor, vehicle maintenance costs, and fuel requirements while scaling to meet demand and customer expectations.
“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 says. Providers include Starship Technologies, Nuro, Kiwibot, Udelv, and Amazon Scout.
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.
